Helium’s market cap has drastically declined by over 50%, dropping from over $1 billion to around $490 million. Helium’s HNT token is in freefall as it has lost roughly 9% of its value in the last 24 hours –the highest over this timeframe– according to CryptoSlate data. On the seven days metrics, HNT is down by 37%, falling from a high of $6.20 to as low as $3.86.
The picture is grimmer over the 30 days metrics. According to CryptoSlate data, the HNT token is down by over 55% in the last 30 days, making it one of the biggest losers among the top 100 coins. Meanwhile, Helium’s market cap has also drastically declined from over $1 billion to $490 million as of press time. Helium’s HNT is down 92% from its all-time high. The poor price performance of the asset is coming at a time when the blockchain network has been rocked with various issues. #Web3GrandPappa #togrp7 #mimeXmime