Altcoin
These are the best altcoins for the DePin supercycle
Anticipation is mounting as cryptocurrency analysts predict a decentralized physical infrastructure network (DePin) supercycle. This surge, driven by advances in Web3 and artificial intelligence (AI) technologies, is reminiscent of the rapid adoption of the Internet in the early 1990s.
With DePin at the helm, an era of transformation appears imminent.
What are the best altcoins for DePin Supercycle?
After Bitcoin hit an all-time high in March, the cryptocurrency market has been volatile. Many believe a supercycle is imminent once Bitcoin finishes its consolidation period.
“A DePin supercycle is upon us. We are entering a golden age where Web3 projects significantly enhance the growth of Web2 platforms,” cryptocurrency researcher Emperor Osmo She said.
His view is widely shared: DePin is ready to decentralize real-world applications, which have so far been dominated by large companies such as Amazon Web Services (AWS), Google Cloud, and Cloudflare.
To know more: What are Decentralized Physical Infrastructure Networks (DePIN)?
In addition, the DePin market is currently more active in the AI sector, which is experiencing exponential growth. As AI models become more and more complex, the demand for GPUs has increased.
Therefore, Emperor Osmo believes that projects such as io.net (IO) AND Aethir (ATH) are crucial to securing substantial market share from the start. These platforms thrive by replicating the network effects seen in Web2 successes, such as Uber and Airbnb.
Cyril, a DeFi analyst, too speaks on the potential of DePin’s AI integration. He specifically points to altcoins poised to make significant impacts during the 2024 altcoin season.
Helium MOBILE Token is at the top of its list. However, the token has fallen nearly 70% from its March 2024 highs.
Helium Mobile (MOBILE) Price/Performance Ratio. Source: Trading View
The next ones are TRAC by OriginTrail token and NOS of Nosana token. Both are crucial in developing trusted knowledge infrastructure and open source cloud computing markets dedicated to AI, respectively.
While their smaller market caps suggest greater volatilityThe core technologies they pioneer are vital to the DePin ecosystem.
Furthermore, THETA by Theta Network token and the GRT of the graphic protocol tokens are noteworthy.
Theta Network is transforming decentralized video streaming. Meanwhile, The Graph is organizing blockchain data to improve accessibility, a key component for building efficient Web3 applications.
To know more: The chart (GRT) Price Prediction 2024/2025/2030
Altcoin Daily also has provided a list of DePin altcoins worth monitoring, including Make (RNDR) AND Coin (FIL). Each contributes uniquely to the DePin infrastructure, highlighting the diversity of the industry. These tokens highlight the growing integration of blockchain technology into real-world applications.
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