Two top-100 altcoins have outperformed the crypto market this week, despite a downturn, thanks to significant developments.
Helium (HNT), the decentralized Internet of Things (IoT) network, revealed on Friday that “two large US carriers” have initiated tests to offload their traffic onto the Helium MOBILE Network. MOBILE, a Solana-based decentralized wireless provider within the Helium ecosystem, aims to facilitate communication and data sharing among IoT devices through smart contracts and enterprise applications.
HNT, the native token of Helium, is currently priced at $6.67. This 66th-ranked cryptocurrency has surged over 18% in the last 24 hours and nearly 48% in the past week.
On the other hand, Sui (SUI), a smart contract platform, experienced a boost after Grayscale announced the launch of a trust dedicated to SUI earlier this week.
SUI is trading at $0.86 and has seen a 2.55% increase in the last 24 hours and almost 55% growth in the past seven days.
Comparatively, the overall crypto market cap has decreased by 1.18% in the last 24 hours and over 13% in the past two weeks, as reported by CoinGecko.
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Generated Image: Midjourney