Helium price: HNT surges 22% as bulls rip ahead of Solana migration

Helium price surged by more than 22% on Friday as bulls rode the growing positivity across the altcoin market to hit highs of $1.96. The surge came as Ethereum crossed the $2,100 mark on Friday, 14 April, and days before network migration to Solana.

Timeline of Helium, Solana

MonkeDAO, a decentralized autonomous organization (DAO) on the Solana blockchain, has revealed plans to acquire the rights to the popular non-fungible token (NFT) collection Solana Monkey Business (SMB).

MonkeDAO, a decentralized autonomous organization formed by fans of Solana Monkey Business, will purchase all intellectual property rights to the collection from its current owner HadesDAO.

The company behind the development of the blockchain, Solana Labs announced the launch of its long-awaited mobile phone, Saga. The announcement took place in a live event conducted by its Mobile division.

Solana [SOL] broke out of its $19.98 – $21.26 range and cleared the bearish order block of $23.35. The move has embellished bulls to seek higher targets – especially the supply zone.

In an exciting development for the crypto world, Solana has announced the launch of its crypto-focused Saga smartphone, which will be launched by May 8. As the tech industry continues to embrace mobile phones, the Saga stands out as an intriguing new addition to the market.

Anatoly Yakovenko, the co-founder of Solana addressed the Saga Launch Event from Solana Mobile. He said the user experience in web 3.0 has been holding users back, which is what the Saga wants to solve.

Solana Mobile has introduced its first Android device — the Saga. Customers from the US, EU, UK, Canada, Switzerland, Australia and New Zealand will be able to order the phone beginning May 8.

The Solana coin price rising for five consecutive days has recorded 22% growth from the $20 support. This recent recovery breached a long-coming resistance trendline, indicating an early sign of trend reversal and offering a long entry opportunity to traders.

Solana moved to a six-week high on Wednesday, as markets reacted to the latest inflation figures from the United States. The consumer price index (CPI) fell to 5% in March, lower than the 5.2% sum many had expected. Ethereum classic also moved higher, nearing a multi-week high.

Solana (SOL) is surprisingly leading the top 20 altcoins' momentum today, with its price soaring by 4.69% over the past 24 hours to $23.47 and by 10.69% in the trailing seven-day period. Drawing on the current outlook of the digital currency ecosystem where prices are slipping, the growth of Solana has proven to be worth analyzing.