pwshub.com

Top-100 Altcoins Sui and Helium Defy Crypto Market Downtick and Surge in Price Amid New Fundamental Developments

1 month ago

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.

Generated Image: Midjourney

Source: dailyhodl.com

Related stories
1 month ago - Layer-1 blockchain Sui has printed more than a 2x from its lows in the last seven days, outperforming most of the top 100 altcoins. After hitting the $0.45 level on August 5th, SUI traded for $1.12 early Monday morning, a 148% gain in a...
1 month ago - In the past few months, Grayscale has launched five different single-token trusts — near and stacks in May, and bittensor, sui and maker in August.
1 week ago - SUI showed a remarkable performance on Friday amid the market retrace. Following Bitcoin’s drop to the $55,000 mark, the cryptocurrency was among the few tokens showing green numbers with an 8% surge. The token’s performance, alongside...
5 days ago - Crypto insights firm Santiment says that three altcoins are now worth keeping an eye on as one historically bullish indicator begins flashing. Santiment tells its 188,000 followers on the social media platform X that lending platform...
1 month ago - Crypto analyst Javon Marks has identified a mid-cap altcoin that can potentially make significant gains in this bull run. Based on his analysis, a 1,100% price surge is already in the works for this altcoin. JASMY To Surge By Over 1,100%...
Other stories
30 minutes ago - Last chance: With a day to go before the Hamster Kombat snapshot, here’s how to set yourself up for a bigger HMSTR bag in the airdrop.
51 minutes ago - Despite the short-term boost, a Bybit exec warns investors of “potential challenges posed by economic uncertainty and market fluctuations.”
54 minutes ago - Solana (SOL) hit another record: Today, it has over 75 million monthly active addresses. The surge speaks to growing popularity of the network, especially in areas like developer and user activity within the decentralized applications...
1 hour ago - Australia’s central bank and banknote issuing authority is pursuing initiatives on central bank digital currency (CBDC) and digital money. According to Reserve Bank of Australia (RBA) assistant governor Brad Jones, the central bank’s work...
1 hour ago - A widely followed crypto analyst says that one marquee artificial intelligence (AI) project is primed to skyrocket soon while updating his outlook on two smart contract platforms. In a new strategy session, crypto trader Altcoin Sherpa...