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Two of the top 100 altcoins defied the crypto market’s pullback and saw significant gains this week amid fresh fundamental developments.
Decentralized Internet of Things (IoT) Network HeliumHNT) It was announced On Friday, two major US telecom companies began tests to offload their traffic on the Helium MOBILE network.
MOBILE is a Solana based application (Sol) A decentralized wireless service provider that is part of the Helium ecosystem, which aims to enable networked 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-largest crypto asset by market cap is up more than 18% in the past 24 hours and around 48% in the past seven days.
Meanwhile, the smart contract platform Sui (Switzerland) saw gains after crypto giant Grayscale announced It was announced Earlier this week, the company announced the launch of a trust fund specifically designed for the project’s native assets.
SUI is trading at $0.86 at the time of writing. The 35th-ranked crypto asset by market cap is up 2.55% in the past 24 hours and around 55% in the past seven days.
By comparison, the total cryptocurrency market cap has fallen 1.18% in the past 24 hours and more than 13% in the past two weeks, according to Queen Gecko.
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