Helium discontinues IOT, HNT, and MOBILE Price Oracles

Helium announced that it would sunset Helium Price oracles for three tokens: HNT, IOT, and MOBILE. Data submission will be stopped effective March 20, 2024. This fulfills the need to have custom price feeds for Helium tokens.

The announcement comes after Pyth Network successfully implemented price feeds for HNT, IOT, and MOBILE. That enables the network to leverage the composability of Solana. Pyth Network will now collect real-time data from verified sources to deliver consensus prices on-chain. Verified sources include exchange platforms and markets.

Price feeds by Pyth Network for Helium are available for all users. They can be integrated as per their needs. Helium has published Helium Docs, explaining the details about price feeds.

Trends suggest that the community members of Helium have received the development with optimism. The prices of all three tokens have surged in the last 24 hours. HNT is up by 5.36%, listed at $8.62. IOT has increased by 5.14%, exchanging hands at $0.002145. MOBILE has marked an uptick of 4.18% to dance around $0.003608. 

HNT has indeed gained the maximum value, as reflected in its listed price. The 24-hour volume is also up by 10.19% for the token. Based on the current momentum and Helium forecast, the HNT token might hit the $10 mark by the end of 2024. 

IOT’s 24-hour volume is down by 9.87%, while there is a slight decline of 0.41% for MOBILE.

The development comes only after the core developers of Helium confirmed implementing a custom price oracle for Helium tokens. It is a component of the Solana migration, with the Pyth Network’s implementation supporting the development.

With Solana in the picture, it is interesting to note that the native token of the network is also up by 4.63% in the last 24 hours. It is exchanging hands at $138.45, all ready to target the next psychological support level of $140, soon likely to be followed by the milestone of $150.

Helium previously announced the launch of the Helium Wallet App on Android and iOS. Version v2.7.0 has been defined as a sophisticated tool for the preview screen of the transaction. The idea behind having the tool is to provide account details to the holders of the wallet without having them navigate around different corners. At the core of it is the objective of warning users about any suspicious activity that the system may come across at any moment. Helium, nevertheless, continues to warn users about signing a transaction on chain.

Needless to say, the recent launch of Helium Wallet App v2.7.0 comes after fixing bugs and improving the performance of the tool. Users have encountered a couple of problems, and the technical team will likely resolve them soon.

Helium Price Oracles for Helium tokens (HNT, IOT, and MOBILE) are sunsetting effective March 20, 2024. Price Feeds for Oracle Prices, created by core developers and implemented by Pyth Network, will now fetch real-time data from trusted sources and present the same to users on-chain. Data will be extracted from sources like exchange platforms and markets.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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