Helium has recently made the decision to discontinue its IOT, HNT, and MOBILE Price Oracles. This move comes as Pyth Network has successfully implemented price feeds for these tokens, allowing the network to leverage the composability of Solana. Pyth Network will now collect real-time data from verified sources, such as exchange platforms and markets, to deliver consensus prices on-chain.
The community members of Helium have responded positively to this development, as evidenced by the surge in the prices of all three tokens. HNT, in particular, has seen the most significant increase, with a 5.36% rise and a listed price of $8.62. Based on current momentum and Helium’s forecast, it is speculated that the HNT token may reach $10 by the end of 2024.
While there has been a slight decline in the 24-hour volume of IOT and MOBILE, the overall outlook for Helium tokens remains positive. The introduction of a custom price oracle is part of the Solana migration process and is supported by the implementation of the Pyth Network.
It is worth noting that Solana’s native token has also experienced a 4.63% increase in the last 24 hours, reaching $138.45. The network’s token is expected to target the psychological support level of $140, followed by the milestone of $150.
In addition to these developments, Helium recently launched the Helium Wallet App on Android and iOS, providing users with a sophisticated tool for transaction preview. This tool aims to provide account details to wallet holders and warn users about any suspicious activity the system may detect.
Overall, the sunset of Helium Price Oracles for HNT, IOT, and MOBILE tokens marks a strategic move towards implementing more efficient and reliable price feeds for the Helium network.