While the overall crypto market took a tumble this week, two top-100 altcoins, Helium (HNT) and Sui (SUI), defied the trend and saw significant price gains.
Helium Takes Flight with Mobile Network Tests
Helium, the decentralized Internet of Things (IoT) network, announced that two major US carriers are testing their network’s ability to handle mobile traffic. This news boosted HNT, Helium’s native token, by over 18% in the past 24 hours and nearly 48% in the past week.
Helium’s MOBILE network, built on the Solana blockchain, aims to connect IoT devices and enable them to communicate and share data through smart contracts. This new development signals potential for broader adoption and could be a major driver for HNT’s price growth.
Sui Gets a Boost from Grayscale
Meanwhile, Sui (SUI), a smart contract platform, also saw gains after Grayscale, a major crypto investment firm, announced the launch of a trust specifically for SUI. This move shows confidence in the project’s potential and could attract more investors to the platform.
SUI’s price rose by 2.55% in the past 24 hours and nearly 55% in the past week.
A Bright Spot in a Bearish Market
These positive developments for Helium and Sui stand out against the backdrop of a struggling crypto market. The overall market cap has dropped by over 13% in the past two weeks, but these two altcoins have bucked the trend and shown impressive growth.
This could be a sign of investors seeking out promising projects with strong fundamentals, even during a market downturn.
Disclaimer:
This information is for general knowledge and educational purposes only. It is not intended to be financial advice. Always do your own research before making any investment decisions. /p>
