Coins to watch out for in the altcoin market

The impact of last week’s crash seems to be in the recovery mode. Bitcoin is once again above $20k levels, and the crypto news we have been reading since the start of the week isn’t as dreary as last week.

Crypto investors are wondering whether the bear run is over. While no one can say for sure that the bear season has ended, certain altcoins have shown a surprising amount of resistance. Can these altcoins be your next big crypto investments? Let us find out.

Helium: An altcoin with a strong use case behind it

The first token to kick off this list is Helium. An incentive token for users to set up nodes for a 4G network, Helium is a cryptocurrency that has changed the minds of most crypto skeptics in this bear market. With its aim to provide high connectivity to the internet of things, Helium has now set its eyes on 5G for the “cellular summer,” and the Twitter audience is more than happy about it.

So, what’s the present use case of Helium’s HNT token? For now, HNT is used for micropayments, validating networks, and staking.

It is one of the few tokens to trade in long greens in the past week. While the candles have been showing red for the past two days, they are not long enough to create a bearish engulfing pattern.

At the time of writing, the HNT price is $10.64. It is down by 2% in the last 24 hours and is standing pretty at high #39 in the charts.

So why do we think now might be the right time to buy Helium. It is because of the updates that are coming. The most exciting among them is “Helium Chapter 2”, which contains everything from new 5G hotspot devices to other innovations that can expand HNT’s use case even further.