Solana (SOL)-Based Crypto Project Helium (HNT) Launches Mobile Phone Plan

A decentralized wireless network crypto project on the Solana (SOL) layer-1 blockchain is aiming to transform the telecom industry with the launch of a new mobile phone plan. In a statement, Helium Mobile says it has just rolled out a phone plan, which will be initially available exclusively to Miami residents.

Timeline of Helium, Solana

Solana (SOL) has surged to become one of the most liquid altcoins on the leading crypto exchange Coinbase, according to recent findings by market intelligence firm Kaiko. The token boasts over $3 million in liquidity, overshadowing prominent altcoins like DOGE, XRP, and Matic.

Solana buyers could find themselves at an advantage considering the fact that SOL, despite a recent pullback, still managed to maintain its bullish trajectory. Additionally, market indicators too supported a bullish outcome.

Helium Mobile, the hybrid wireless carrier that combines service from the decentralized, crypto-powered Helium 5G network and T-Mobile's nationwide 5G network, has opened up to the public in Miami, Florida as the first stop in its rollout. And it's priced at just $5 per month.

Helium Mobile, the trailblazing hybrid wireless carrier, has marked a pivotal moment in its journey by launching the Helium Mobile $5 Unlimited Plan in Miami, Florida. This pioneering initiative merges the decentralized Helium 5G network with T-Mobile's nationwide 5G coverage, aiming to make connectivity affordable and accessible to all.

Solana was one of Tuesday's big gainers, rising to a multi-week high following a ‘death cross' of moving averages. The move came despite the global market cap falling marginally lower as of the time of writing. Toncoin was another notable mover, rising for a sixth-straight day.

A "golden cross" occurs when a short-term moving average, commonly the 50-day, crosses above the long-term moving average, usually the 200-day. Historically, in various asset classes, this crossover has been a precursor to potential extended bullish runs.

Solana Mobile, a subsidiary of Solana Labs, announced a significant 40% price reduction for its Saga smartphone, slashing the price from its initial $1,000 to a more affordable $599. This move comes just four months after the phone's launch, sparking a flurry of reactions from the crypto community.

In a surprising move, Solana Mobile, the subsidiary of Solana Labs, has announced a substantial 40% price cut for its flagship product, the Solana Saga phone, which is one of the first crypto-connected smartphones.

The price of Solana (SOL) has fluctuated a lot in the past week, like many other cryptocurrencies in the market. SOL is currently trading above $24, gaining 8.01% in its price in the past 7 days with over $376 million in trading volume in the past 24 hours.

Benjamin Cowen, a prominent figure in the cryptocurrency space with over 780,000 followers on YouTube, has offered insights into the potential trajectory of Solana ($SOL), drawing parallels with Cardano's ($ADA) historical performance and suggesting a turnaround could be on the horizon. Identifying Patterns: Cowen delved into historical data, pinpointing a pattern in Solana's price movement.