Solana-Based MOBILE Altcoin Project Drops Over 10% After Going Live on Coinbase

The Daily Hodl

Solana-Based MOBILE Altcoin Project Drops Over 10% After Going Live on Coinbase

Mehron Rokhy February 23, 2024

The native token of a Solana (SOL)-based decentralized wireless provider is seeing a dip in price after going live on Coinbase, the leading crypto exchange platform in the US.

According to Coinbase, Helium Mobile (HELIUM), a wireless phone service that incentivizes users to map out their network to earn rewards, is now fully supported on the trading platform.


“Helium Mobile (MOBILE) is now live on coinbase.com and in the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.”

News of the listing saw HELIUM drop over 10% in price, going from its seven-day high of $0.0042 set on February 22nd to trading for $0.0036 at time of writing.

MOBILE, which is a part of the Internet of Things (IoT) network and markets itself as an affordable low-cost alternative to traditional wireless carriers, allows users to earn rewards by verifying or mapping out Helium’s 5G network using their phones.

“Helium Mobile users will be able to earn MOBILE rewards by verifying (known as “mapping”) the Helium 5G network from their phones. Network mapping is an opt-in program that will be available on Helium Mobile plans.”

Initially launched in Miami last year, Helium Mobile is now available nationwide.

Earlier this month, Coinbase announced that it would be adding MOBILE to its listing roadmap, which alerts investors that the crypto exchange may soon list an asset, causing the digital asset to rise nearly 7%.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Salamahin/Paul Fleet

Venture Capital Giant Andreessen Horowitz Pumps $100,000,000 Into Team Behind Ethereum Restaking Protocol
Conor Devitt February 23, 2024

Venture capital giant Andreessen Horowitz has invested $100 million in the development team behind EigenLayer, a restaking protocol built on Ethereum (ETH).

Ali Yahya, a general partner at Andreessen Horowitz (also known as a16z), predicts that the EigenLayer will expand Ethereum’s capabilities.


“EigenLayer is a set of smart contracts on Ethereum that creates a two-sided marketplace for raw cryptoeconomic security: On the demand side, it allows creators of custom decentralized services to write code that effectively extends the functionality of Ethereum.

And, on the supply side, validators participating in Ethereum consensus — if they happen to have the capacity and required hardware — can opt into running each of those decentralized services by restaking their ETH to them.”

Restaked ETH can be used as “cryptoeconomic security for protocols other than Ethereum, in exchange for protocol fees and rewards,” according to EigenLayer’s website.

Eigen Labs, the project’s development team, announced a16z’s investment on Thursday.

In a related move, Binance Labs is investing an undisclosed amount in Renzo, a liquid restaking token for EigenLayer. The project aims to serve as the primary on and off-ramp for Ethereum restaking.

Binance co-founder Yi He, who leads the exchange’s venture capital arm, says Renzo’s technology enables more users to participate in liquid restaking.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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Crypto Trader Updates Outlook on Bitcoin and Altcoins, Says Chainlink Could Explode by 123%
Daily Hodl Staff February 23, 2024

A widely followed crypto analyst is taking a look at altcoins as Bitcoin (BTC) stumbles.

Crypto trader Michaël van de Poppe tells his 695,000 followers on the social media platform X that Chainlink (LINK) could potentially reach $40 in the next few months, a huge 123% increase.

“Chainlink had another leg upwards in their BTC pair towards the crucial resistance.

Failed to break out.

It’s looking for a higher low & support and then a reversal towards 4500 satoshis again.

I think LINK is likely to run to $30-40 in the coming months.”


Source: Michaël van de Poppe/X
LINK is trading for $17.80 at time of writing.

With Bitcoin down a slight 1.6% over the last seven days, Van de Poppe expects to be able to take advantage of a market-wide dip.

“I’ll be looking to buy the dip on the markets.

One of them is, potentially, API3 which is currently facing an exciting zone to look at opportunities.

Between $3.50-3.80, I’m interested before another leg up happens.”


Source: Michaël van de Poppe/X
API3, a Chainlink competitor and oracle service, is worth $3.73 at time of writing.

Despite BTC’s recent pullback, the analyst still expects Bitcoin’s overall trend to remain up.

“Bitcoin having a slight pullback before continuation upwards.”


Source: Michaël van de Poppe/X
BTC is trading for $50,945 at time of writing, down 1.1% on the day.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: DALLE3


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