Two top-100 altcoins defied the crypto market downtick and witnessed big gains this week amid new fundamental developments.
The decentralized Internet of Things (IoT) network Helium (HNT) announced on Friday that “two large US carriers” kicked off tests to unload their traffic onto the Helium MOBILE Network.
MOBILE is a Solana-based (SOL) decentralized wireless provider that’s part of the Helium ecosystem, which aims to enable IoT devices connected to the network to communicate and share data by supporting smart contracts and enterprise applications.
HNT, Helium’s native token, is trading at $6.67 at time of writing. The 66th-ranked crypto asset by market cap is up more than 18% in the past 24 hours and nearly 48% in the past seven days.
Meanwhile, the smart contract platform Sui (SUI) witnessed gains after the crypto giant Grayscale announced earlier this week that it was launching a trust specifically designed for the project’s native asset.
SUI is trading at $0.86 at time of writing. The 35th-ranked crypto asset by market cap is up 2.55% in the past 24 hours and nearly 55% in the past seven days.
By comparison, the overall crypto market cap is down 1.18% in the past 24 hours and more than 13% in the past two weeks, according to CoinGecko.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxGenerated Image: Midjourney