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Former Goldman Sachs executive Raoul Pal says one Solana (SOL) competitor is his “favored child.” Pal tells his 1.1 million followers on the social media platform X that if he had to “have a favorite,” the layer-1 chain Sui (SUI) would look preferable to Solana. The Real Vision chief executive shares a chart comparing the SUI/USD price to the SOL/USD price, with SUI/USD looking like it’s on the cusp of breaking out of resistance. Source: Rekt Capital/X SUI is trading at $2.97 at time of writing. The 13th-ranked crypto asset by market cap is up more than 21% in the past day and nearly 41% in the past week. SOL is trading at $149.47 at time of writing. The sixth-ranked crypto asset by market cap is up more than 3.5% in the past 24 hours and more than 13% in the past week. Pal isn’t the only analyst bullish on the Solana rival: Last week, crypto trader Michaël van de Poppe told his 783,900 followers on the social media platform ...

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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 nat...