Two top 100 altcoins defied the cryptocurrency market decline and posted big gains this week amid new fundamental developments.
Decentralized Internet of Things (IoT) network Helium (HNT) announced Friday that “two major U.S. carriers” have launched tests to offload their traffic to the Helium MOBILE network.
MOBILE is a Solana (SOL)-based decentralized wireless provider that is part of the Helium ecosystem, which aims to enable network-connected IoT devices to communicate and share data by supporting smart contracts and enterprise applications.
HNT, Helium’s native token, is trading at $6.67 at the time of writing. The 66th crypto asset by market cap is up over 18% in the last 24 hours and nearly 48% in the last seven days.
Meanwhile, smart contract platform Sui (SUI) saw gains after crypto giant Grayscale announced earlier this week that it was launching a trust specifically designed for the project’s native asset.
At the time of writing, SUI is trading at $0.86. The 35th crypto asset by market cap is up 2.55% in the last 24 hours and nearly 55% in the last seven days.
In comparison, the overall cryptocurrency market cap has fallen 1.18% in the past 24 hours and more than 13% in the past two weeks, according to CoinGecko.
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