Two of the top 100 altcoins bucked the cryptocurrency market downturn and showed significant gains this week amid new fundamental changes.
Decentralized Internet of Things (IoT) network Helium (HNT) announced on Friday that “two major U.S. carriers” have begun testing to offload traffic to the Helium MOBILE Network.
MOBILE is a Solana (SOL)-based decentralized wireless provider that is part of the Helium ecosystem and aims to enable connected IoT devices to communicate and share data by supporting smart contracts and enterprise applications.
Helium’s native token, HNT, is trading at $6.67 at the time of writing. The 66th largest cryptocurrency by market cap is up more than 18% in the last 24 hours and nearly 48% in the last seven days.
Meanwhile, smart contract platform SUI has seen gains after crypto giant Grayscale announced earlier this week that it is launching a trust product specifically designed for the project’s underlying assets.
SUI is trading at $0.86 at the time of writing. The 35th largest cryptocurrency asset by market cap is up 2.55% in the last 24 hours and up nearly 55% in the last seven days.
According to CoinGecko, by comparison, the overall cryptocurrency market cap is down 1.18% over the last 24 hours and down more than 13% over the last two weeks.
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