HNT extends downside as Helium network migration date pushed back to...
The Readiness Working Group had initially settled on 27 March as the Migration date. However, the organization voted in favor of pushing the migration to 18 April after a third meeting to assess the migration status. According to the report, the migration preparations are still on track.
The Helium community opted to push back the migration date for three reasons. Firstly, some operational improvements and additional testing were necessary. The second reason was that they were waiting for necessary governance votes and the third, community readiness wasn’t 100%.Helium’s native token HNT is one of the few coins that have been on a bearish trajectory this week contrary to market direction.
While the current expectation is that HNT might bounce back, there are some factors to consider. For example,
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