What are the latest news and prices of the two crypto projects Solana (SOL) and Helium (HNT)? Here is what was announced recently at Breakpoint 2023, Solana’s event held in Amsterdam between 30 October and 2 November.
The latest Solana and Helium cryptos news at Breakpoint 2023: target Brazil
Solana’s crypto project was busy recently at its global Breakpoint event held in Amsterdam from 30 October to 2 November, where the Helium project also participated.
In this regard, among other announcements, Solana also reportedly said that he plans to invest in Latin America, with Brazil seemingly at the center of the crypto project’s expansion operations.
Here is what Diego Dias, Head of Latam at Solana Foundation and head of the DAO Superteam in the region, said:
“The Solana Foundation is investing in Latin America, and Brazil is a very important point in this movement. We are supporting our partners like Circle to expand in the region. This is one of the biggest differentiators of Solana – we work with teams from our ecosystem to grow together and take the best blockchain projects to new markets.”
Regarding Helium, however, a summary of the announcements about it can be seen on X.
1/ Helium is one of the most talked-about DePIN projects at #Breakpoint2023! Ready for the recap?
— Helium
(@helium) November 1, 2023
Helium is one of the most discussed DePIN projects at #Breakpoint2023! Ready for the recap?
Speaking of which, Noah Prince, Head of Protocol Engineering, described the migration of Helium from L1 to Solana, highlighting how one million transactions executed at the speed of light is only possible on Solana.
Not only that, SwissBorg CEO Cyrus Fazel announced that Helium’s HNT token was listed on SwissBorg’s crypto app.
Overall, on the last day of the event, the panel “Payments on Solana, the digital commerce revolution” highlighted the potential of blockchain to transform payment systems and digital commerce.
With a special session on the migration of the Helium project to the Solana network, with the goal of bringing this ecosystem to Brazil.
Solana (SOL) and Helium (HNT): the bull run prices of the two crypto assets
Along with Bitcoin, Solana (SOL) and Helium (HNT) are also experiencing a bull run in price over the past seven days, albeit in different ways.
And in fact, HNT started before anyone else to register a price pump, rising from $1.51 last week, to the current $1.78, for a total increase of +17%.
In contrast, the price of SOL seems to be trending the same way as BTC, with the price now standing at +22% over last week. Specifically, SOL is now worth $47.66, while seven days ago it was at $38.9.
Moving the chart from weekly to monthly, then, the pump of both crypto assets increases, again, in different ways. And indeed, SOL has pumped +115% in the past month, as 30 days ago it was worth $22. HNT, on the other hand, is pumping in price by 23% over the past month.
The two crypto assets have completely different market caps and histories. On the one hand, Helium, launched in 2019, now has a total market capitalization of $255 million. On the other hand, Solana, which was born in 2017, is now the seventh-largest crypto, with a total market cap of $20 billion.
Solana’s price forecast in the coming years
According to recent analysis, SOL appears to be emerging as one of the most surprising crypto assets of 2023, with predictions of its price possibly reaching $58.23 by December.
SOL’s price forecasts, then, also speak to future years. For example, for 2024, the growth prospects for Solana are expected to remain attractive.
In fact, it is thought that through new partnerships and initiatives, SOL could reach $96.95. Not only that, again for 2024, the forecast is for a minimum price of $77.56 and an average price of $85.32.
Following the analysis, the projected positive trends see the price of SOL touching $135.73 in 2025, $174.51 in 2026, and $201.66 in 2027.
Helium tokens in the Silicon Valley project
Although Helium (HNT) is ranked 137th in the crypto rankings, its project reached Silicon Valley as far back as 2021.
And in fact, in San Jose, Silicon Valley, they had apparently taken steps to use Helium’s HNT tokens for a project aimed at helping low-income citizens pay for Internet access service.
Specifically, San Jose is the tenth city with the most residents in the entire United States, mostly of talent, ready in fact to experiment with the proposed new project.
And in fact, Sam Liccardo, mayor of the city, had announced a partnership with Helium and the California Emerging Technology Fund (CETF) to minimize financial barriers to Internet access.
Under this initiative, HNT tokens drawn from Helium Hotspot devices could be converted into prepaid gift cards that are then distributed to qualified low-income residents to subsidize their Internet subscription.
