"Congratulations for consistently going up, hopefully it breaks through $30."
Following the Helium network's switch to Solana (SOL), the cryptocurrency saw a significant surge this week, rising over 10% in the past 24 hours and nearly 30% over the past week.
Explained in more detail, Helium's decentralized wireless communication network will fully transition to the SOL blockchain by March 27, at which point the current blockchain will have to be discontinued.
Although the action will cause HNT, MOBILE and IOT to be released on the SOL network, Proof-of-Coverage (PoC)* and data transfer activities will not be affected at all.
*Verifies that the Hotspot is located at the claimed location
Following that, users should move to the Helium Wallet application for a smoother transition, where they need to ensure Hotspots are always active and online to receive IOT tokens quickly.
Please be informed that the latest version of the Helium Wallet application will be available shortly after the transition is complete.
While the SOL team earlier today stated that the transition is likely to be completed by the end of Q1.
So far, the price of SOL is at $26.05 in the last 24 hours with a market capitalization of $9 billion and a trading volume of $1 billion.
