In the midst of a recent downturn in the crypto market, two prominent top-100 altcoins have managed to showcase significant growth this week, fueled by fresh fundamental catalysts. Helium (HNT), a decentralized Internet of Things (IoT) network, has revealed ongoing tests with “two major US carriers” to divert traffic onto the Helium MOBILE Network.
Experts suggest that MOBILE represents a decentralized wireless provider on Solana within the Helium ecosystem, tailored to streamline communication and data exchange among IoT devices through smart contracts and corporate applications. HNT, the native token of Helium, is presently priced at $6.67, reflecting an 18% surge in the past 24 hours and a notable 48% uptick in the previous week, securing its position as the 66th top-ranking crypto asset by market capitalization.
On a parallel note, Sui (SUI), a smart contract platform, has also registered growth following the announcement that Grayscale, a major crypto player, is introducing a trust exclusively focused on the platform’s native asset. SUI is trading at $0.86, marking a 2.55% increase in the last 24 hours and a remarkable 55% boost over the past seven days, positioning it as the 35th largest by market cap.
In contrast, the overall crypto market capitalization has diminished by 1.18% in the previous 24 hours and over 13% in the past fortnight, as per CoinGecko reports. Despite market fluctuations, the flourishing journey of Helium and Sui sheds light on the growth potentials within the altcoin arena amidst fresh ventures and collaborations.
The recent achievements of Helium and Sui underscore the escalating significance of fundamental progress in propelling value and acceptance within the cryptocurrency domain. This trend might indicate a move towards a more robust and expansion-oriented landscape for altcoins in the coming days.
