The Reason Why SUI and Helium Prices Rise, Two Cryptos That Go Against Market Flow

Bittime – In crypto market conditions that tend to be bearish, the top two altcoins managed to record significant price increases. Helium (HNT) and Sui (SUI) are in the spotlight with strong fundamental developments.

And here is a complete explanation regarding the price conditions for SUI and Helium.

Reason Price Helium Up

Helium's partnership with a major telecommunications operator in the United States to test the Helium MOBILE network is a strategic move that has a positive impact on HNT prices.

The integration of IoT technology with blockchain opens up huge opportunities for the development of new applications and services.

The increase in HNT prices also reflects investor confidence in the growth potential of the Helium ecosystem.

As more IoT devices are connected to the network, demand for HNT tokens as a means of payment and incentives may increase.

This news pushed HNT prices to stabilize and tend to rise. However, when this article was written, HNT experienced a decline of -2.57% in the last 24 hours. 

However, the token remains in 66th position on the market cap list at around $6.67.

Also Read: Putin Legalizes Use of Crypto for International Trade

Reasons why SUI prices are rising

Meanwhile, Sui, a smart contract platform, also saw its price rise after Grayscale announced the creation of a special trust for the project's native assets. 

SUI price rose by +6.42% in the last 24 hours and took the 35th position in the market capitalization list at $0.94.

Grayscale's announcement of the creation of a special trust for SUI has provided positive sentiment towards this token.

As one of the major players in the digital asset industry, Grayscale's support could attract the interest of institutional investors to the Sui ecosystem.

SUI's price increase also shows the project's potential as a competitive smart contract platform.

With a focus on speed and scalability, Sui can attract developers and users to build decentralized applications (dApps) on its platform.

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Strong SUI and Helium Fundamentals

The increase in the prices of these two altcoins contrasts with the overall crypto market conditions which tend to decline. The crypto market index fell by around 1.18% in the last 24 hours and more than 13% in the last two weeks.

The success of Helium and Sui shows that projects with strong fundamentals can continue to grow even though the market is experiencing a correction.

Implications for Crypto Markets

The good performance of Helium and Sui provides hope for crypto investors who are facing challenging market conditions.

These two projects show that projects with strong fundamentals and a clear business plan can continue to grow even though the market is experiencing a correction.

However, it is important to remember that the crypto market is still volatile. Current price increases do not guarantee similar performance in the future. Investors should conduct in-depth research before making an investment decision.

Helium and Sui Growth Potential

Helium and Sui have shown impressive performance in recent weeks, bucking the overall downward trend of the crypto market. Both have significant growth potential, but also face challenges.

1. Helium: The Future of IoT Networks

Helium has great potential to become the backbone of global IoT infrastructure. With mobile network integration, Helium can attract more devices and users to its ecosystem.

This can encourage increased demand for HNT tokens and price growth.

However, Helium also faces competition from other IoT networks. Moreover, the success of this project depends on the adoption of the technology by industry and consumers.

2. Sui: Competitors in the Smart Contract Market

Sui, as a smart contract platform, has the potential to compete with major players like Ethereum.

Higher speed and scalability may attract developers and users to build decentralized applications (dApps) on these platforms.

The support from Grayscale is a positive step, but Sui still needs to prove its ability to attract developers and users in large numbers. Intense competition in the smart contract market is also a challenge.

Also Read: W-Coin Roadmap Update, Airdrop Prioritizes Community!

Influence Factors

• Technology adoption: The adoption rate of the Helium network and Sui platform will determine long-term growth.
• Regulations: Changes in regulatory policies may affect project development.
• Market conditions: Overall market sentiment will impact the price of both tokens.
• Competition: Competition from similar projects may affect Helium and Sui's position.

Both Helium and Sui have significant growth potential, but their success also depends on various factors. Investors should conduct in-depth research and consider the risks before making an investment decision.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of Indonesia's best crypto applications, officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.