Top 10 DePIN Altcoins With 10x Profits
The post Top 10 DePIN Altcoins With 10x Profits appeared first on Coinpedia Fintech News
Decentralized physical infrastructure networks, or DePINs, are blockchain protocols that build, maintain, and operate physical hardware infrastructure in an open and decentralized manner. So, is it just a buzzword, or is it here to stay?
DePIN has become one of the hottest topics of 2024 and the upcoming bull run. DePIN refers to infrastructure projects using tokenization to coordinate and incentivize their bootstrapping period. Here, individuals build up the infrastructure supply in a decentralized way and get rewarded with token incentives.
Let us look at top ten DePIN tokens with 10x profits in 2024.
Messari, a crypto research firm, identifies DePINs under two categories:
- Physical Resource Network (PRN)
DePIN protocols incentivizing service providers to deploy location-dependent hardware that supplies physical locations with energy, connectivity, or geospatial data use cases come under this category!
- Digital Resource Network (DRN)
The protocols creating location-independent back-end for the cloud and incentivizing service providers to supply digital resources like computing, storage, and bandwidth are DRNs.
So, how do DePINs work?
Top 10 DePIN Tokens In 2024
The community-powered infrastructure, DePIN, has the tokens enrolled in its system. Let us see the top-performing DePIN tokens in 2024:
- Helium
Helium is a decentralized wireless network that lets devices send data to the internet without cellular plans or WiFi. the ones who provide resources to the network like hotspots, are rewarded with HNT tokens! We place our bets on Helium in this bull run.
Source: Chantelle
- Akash Network
Akash is an open network that lets users securely buy or sell computing resources. A radically open community supports it. As a free public service, the open-source network source code is available to all! $AKT is the native utility token of the network. AKT 2.0 is coming, making it a suitable candidate for 10x profits in an upcoming bull run.
- Filecoin
The experts indicate that the value of Filecoin might increase by 4.97% shortly. There is a bullish sentiment on Filecoin among the investors. Filecoin is a decentralized protocol that is basically a blockchain-backed cooperative digital storage and retrieval method. Filecoin has instilled some optimism in the investors and we are sure of 10x profits from this DePIN token!
- Iotex
IoTex is a token that runs on the BEP-20 and ERC-20. It is a decentralized private network to which smart devices connect. IoTex is expected to surpass $0.29 in 2028. We suggest that IoTex is a good buy in 2024 for 10x profits.
- Render
It is a distributed GPU rendering network built on the top of Ethereum blockchain. The current sentiment is bullish when it comes to the RNDR token. It could increase by 48.04% in the upcoming time. Hence, it makes a good DePIN choice for 10x profits.
- Theta Network
Theta Network is the first hybrid cloud computing platform built on a fully distributed edge architecture. Over the last 30 days, the token had 17/30 (57%) green days. Experts call it a profitable choice currently. The current ranking of THETA is 66 by market cap. Investing in THETA will help make 10x profits in 2024.
- IOTA
At the time of writing, IOTA increased by 131.96% in a 24-hour window. IOTA is one of the most promising tokens, with significant long-term potential. It is expected to reach a high of $2.5 in the upcoming period. It is wise to invest in IOTA in 2024.
Source: Coincodex
- Siacoin
Siacoin has noticed a daily volume surge of 38% recently! It aims to fix concerns in traditional and centralized services. Siacoin is estimated to do well in the upcoming bull run with tenfolds of profits.
- Arweave
Arweave is forecasted to trade between $10.75 and $29.22. It could increase by 156.71% and reach $29.22 in the coming period. We suggest investing in Arweave now to make 10x profit from the DePIN tokens.
- Livepeer
Livepeer is predicted to trade between $18.84 and $43.28 in the coming time. It could increase by 158.68% and has the bullish sentiment attached. It is expected to grow exponentially in the 2024 bull run. Hence we totally bet on the Livepeer token for 10x profits in 2024.
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Top 10 DePIN Altcoins With 10x Profits
The post Top 10 DePIN Altcoins With 10x Profits appeared first on Coinpedia Fintech News
Decentralized physical infrastructure networks, or DePINs, are blockchain protocols that build, maintain, and operate physical hardware infrastructure in an open and decentralized manner. So, is it just a buzzword, or is it here to stay?
DePIN has become one of the hottest topics of 2024 and the upcoming bull run. DePIN refers to infrastructure projects using tokenization to coordinate and incentivize their bootstrapping period. Here, individuals build up the infrastructure supply in a decentralized way and get rewarded with token incentives.
Let us look at top ten DePIN tokens with 10x profits in 2024.
Messari, a crypto research firm, identifies DePINs under two categories:
- Physical Resource Network (PRN)
DePIN protocols incentivizing service providers to deploy location-dependent hardware that supplies physical locations with energy, connectivity, or geospatial data use cases come under this category!
- Digital Resource Network (DRN)
The protocols creating location-independent back-end for the cloud and incentivizing service providers to supply digital resources like computing, storage, and bandwidth are DRNs.
So, how do DePINs work?
Top 10 DePIN Tokens In 2024
The community-powered infrastructure, DePIN, has the tokens enrolled in its system. Let us see the top-performing DePIN tokens in 2024:
- Helium
Helium is a decentralized wireless network that lets devices send data to the internet without cellular plans or WiFi. the ones who provide resources to the network like hotspots, are rewarded with HNT tokens! We place our bets on Helium in this bull run.
Source: Chantelle
- Akash Network
Akash is an open network that lets users securely buy or sell computing resources. A radically open community supports it. As a free public service, the open-source network source code is available to all! $AKT is the native utility token of the network. AKT 2.0 is coming, making it a suitable candidate for 10x profits in an upcoming bull run.
- Filecoin
The experts indicate that the value of Filecoin might increase by 4.97% shortly. There is a bullish sentiment on Filecoin among the investors. Filecoin is a decentralized protocol that is basically a blockchain-backed cooperative digital storage and retrieval method. Filecoin has instilled some optimism in the investors and we are sure of 10x profits from this DePIN token!
- Iotex
IoTex is a token that runs on the BEP-20 and ERC-20. It is a decentralized private network to which smart devices connect. IoTex is expected to surpass $0.29 in 2028. We suggest that IoTex is a good buy in 2024 for 10x profits.
- Render
It is a distributed GPU rendering network built on the top of Ethereum blockchain. The current sentiment is bullish when it comes to the RNDR token. It could increase by 48.04% in the upcoming time. Hence, it makes a good DePIN choice for 10x profits.
- Theta Network
Theta Network is the first hybrid cloud computing platform built on a fully distributed edge architecture. Over the last 30 days, the token had 17/30 (57%) green days. Experts call it a profitable choice currently. The current ranking of THETA is 66 by market cap. Investing in THETA will help make 10x profits in 2024.
- IOTA
At the time of writing, IOTA increased by 131.96% in a 24-hour window. IOTA is one of the most promising tokens, with significant long-term potential. It is expected to reach a high of $2.5 in the upcoming period. It is wise to invest in IOTA in 2024.
Source: Coincodex
- Siacoin
Siacoin has noticed a daily volume surge of 38% recently! It aims to fix concerns in traditional and centralized services. Siacoin is estimated to do well in the upcoming bull run with tenfolds of profits.
- Arweave
Arweave is forecasted to trade between $10.75 and $29.22. It could increase by 156.71% and reach $29.22 in the coming period. We suggest investing in Arweave now to make 10x profit from the DePIN tokens.
- Livepeer
Livepeer is predicted to trade between $18.84 and $43.28 in the coming time. It could increase by 158.68% and has the bullish sentiment attached. It is expected to grow exponentially in the 2024 bull run. Hence we totally bet on the Livepeer token for 10x profits in 2024.
Read More