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As the bear market slowly comes to an end, Ethereum has been solidifying its position as the #1 smart contract platform globally. With the most active developers, tokens, and applications running on its chain, ETH is continuously encountering high demand.
Although gas fees have continued to rise, users still favor Ethereum over its competitors due to its longevity in the industry. After all, it has been around since 2015 and has established itself as a sure value.
Helium (HNT), on the other hand, has seen better days. Although this IoT project managed to get some great gains in the bull market, progress has come to a halt. As such, many are trying to switch from HNT to ETH for the upcoming bullish cycle.
In this article, we give you one of the best ways to swap from Helium to Ethereum and provide a step-by-step guide for it. The article will also go over some price predictions for ETH and HNT, providing you with the necessary information prior to your trade.
Godex Review
Godex is a beginner-friendly cryptocurrency exchange platform that focuses on privacy and anonymity. To achieve this, Godex doesn’t require users to register an account. Instead, all they need to do is provide their receiving public wallet address to access their services.
This means that you will never need to enter as much as your email to start exchanging crypto on Godex. Consequently, your personal information will remain separate from your crypto holdings, which provides much-needed privacy. Additionally, this means that you can use their services from any part of the world, as they don’t restrict regionally or require a KYC process.
Moreover, Godex is the perfect place if you wish to swap assets across different blockchains, like HNT and ETH, for example. The great thing is that all listed digital currencies on the platform can be seamlessly exchanged with one another. This removes the tedium of having to go through a stablecoin if the desired trading pair is not listed on the exchange.
Finally, it’s worth noting that Godex doesn’t have an upper limit when swapping assets. This allows you to exchange large amounts of crypto in one go. This, in turn, saves you money and time, as you don’t have to wait another day or week for your limit to refresh.
Swapping HNT for ETH
So, how do you proceed to swap HNT for ETH on Godex? Well, the process is quite simple. Below is a step-by-step guide that should help you complete your first swap, regardless of your crypto knowledge.
- Visit the Godex website at godex.io.
- Choose the two cryptos you want to swap. In this case, you need to select HNT in the left drop-down menu and ETH in the right one.
- Provide the amount of HNT or ETH you wish to sell/buy.
- Click on “Exchange” to proceed to the next step.
- Provide the Ethereum wallet address where you wish to receive your ETH.
- Follow the instructions to finalize your HNT payment.
- Once you have finished your payment, you should receive your ETH directly in your wallet.
As you might have noticed, the process never asks you to register or provide an email or your personal info. It just takes a couple of clicks, and you are able to sell HNT for ETH.
HNT to ETH: Price Prediction
Priceprediction.net is not the most enthusiastic about HNT in the short term. Considering Heluim is currently trading at $1.32, their 2023 maximum prediction is $1.94. For 2025, the website provides a more bullish target and goes as high as $4.27. This results in a 3.2x growth in two years.
For Ethereum, the website is more bullish in the short term. It hopes to see the price go from the current $1,826 to $2,635.94 in 2023. For 2025, the prediction goes to another level, forecasting ETH will reach $5,869.06.
Is It Time to Swap HNT for ETH Now?
While the long-term predictions for HNT and ETH are similar if we follow sources from the internet, Ethereum is a much more viable choice here. The platform has proven to be a leader in the smart contract industry and is showing constant growth.