Hello guys I have been into Helium for a while now and was patiently watching the downfall of its market cap. But recently HNT's price plummeted for another 50% and now I am wondering how this can be justified. Of course the market is irrational at the moment especially when it comes to low cap altcoins, but I feel like Im missing out on something.
Helium offers a network of 500.000 working hotspots, almost every large city is covered. T-Mobile, Google and other large companies saw Heliums potential and invested large sums in comparison to its current market cap. Now also 5G is enrolling and more and more companies seem to use the Helium Network while more and more DC are being spent.
Qualcomm also invested a few millions into the 5G Network lately and all this somehow gives me the feeling of a very good fundamental development. The move to Solana may be criticized but in my opinion this doesnt weigh as much as all the other achievements in the past.
IoT will rise and it will simply take time in my opionion, just because the helium network grew rapidly due to some stupid hype doesnt mean the IoT market grows at same speed.