Helium HNT & Kadena KDA Cryptocurrencies Smash Record Highs – Helium breaks past $40 approaching $50, making mining more profitable
Update – In the 4 hours since I posted this, not only did Helium break $40 but smashed through it on the way to $50 with over 18% growth.
Both the Helium and Kadena cryptocurrencies have smashed through their previous highs, both with incredible growth over the last 7 days.
I haven’t really followed Kadena but noticed it as it is the only cryptocurrency that has outperformed Helium in the past 24 hours.
Kadena has increased over 60% in the past 24 hours, now trading at $17.82. Seven day growth is 191.3%, and in the past two weeks, it has gone up 245.2%.
Kadena appears to be an alternative to Bitcoin, providing the same security but with virtually free gas, unparalleled throughput, and smarter contracts. They also claim to be energy efficient, stating it is the only platform that can deliver increased energy efficiency as TPS (Transactions per Second) scales.
As for Helium, I have covered this extensively over the past year or so. Its recent growth is less impressive than Kadena, but it is a more established crypto.
It dropped back down to under $10 back in July but had recovered again by the end of August, then stagnated a bit, hovering around $20.
In recent days, it has had one of the sharpest increases in prices in its history. In the past 24 hours, it has grown 15.5% after it looked like it may stall just under $35. Now, it has not only smashed through $35 dollar mark but is quickly approaching $40.
In recent months many new Helium Hotspot Miners have come online, reducing the amount of HNT each hotspot is likely to earn, but the recent appreciation of HNT will offset some of these changes.
While Helium Hotspots are less profitable than they were at the start of the year, they still offer an excellent return on investment. My hotspot is currently showing as just under $400 in 30 days, which isn’t bad for something sat on my windowsill, barely using any electricity and requiring no interaction from myself.
Of course, with so many hotspots online, you want to maximise your profits and upgrade your helium hotspot antenna.