Altcoins
These are the best altcoins for the DePin supercycle
Anticipation grows as crypto analysts predict a decentralized physical infrastructure network (DePin) supercycle. This wave, 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 seems imminent.
What are the best altcoins for DePin Supercycle?
After Bitcoin hit an all-time high in March, the cryptocurrency market has been choppy. Many believe that a supercycle will be imminent once Bitcoin finishes its consolidation period.
“A DePin supercycle is upon us. We are entering a golden age where Web3 projects significantly improve the growth of Web2 platforms,” said cryptocurrency researcher Emperor Osmo She said.
His sentiment is widely shared, with DePin keen to decentralize real-world applications that have been dominated by large companies like Amazon Web Services (AWS), Google Cloud, and Cloudflare.
To know more: What are DePIN networks (Decentralized Physical Infrastructure Networks)?
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.
So, Emperor Osmo believes similar plans io.net (IO) AND Aethir (ATH) they 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, also talks about the potential of DePin integrating with artificial intelligence. He specifically points to altcoins set to have a significant impact 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. Source: TradingView
The next ones are TRAC by OriginTrail token e The NOS of Nosana token. Both are crucial in the development of trustworthy knowledge infrastructures and open source cloud computing markets dedicated to artificial intelligence, respectively.
While their smaller market caps suggest greater volatilityThe core technologies they pioneer are vital to the DePin ecosystem.
Furthermore, THETA of the 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 developing efficient Web3 applications.
To know more: The graph (GRT) Price prediction 2024/2025/2030
Altcoin Daily also has provided a list of DePin altcoins worth monitoring, including Rendering (RNDR) AND Filecoin (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.
Disclaimer
In compliance with Trust Project guidelines, BeInCrypto is committed to providing unbiased and transparent reporting. This news article aims to provide accurate and timely information. However, readers are advised to independently verify the facts and consult a professional before making any decisions based on this content. Please note that our Terms and conditions, Privacy PolicyAND Disclaimers They have been updated.