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?
As the crypto world gears up for a bull run, DePIN has become the talk of the town. Simply put, it’s a new way of kickstarting infrastructure projects. Using tokens as incentives, DePIN empowers people to build physical infrastructure in a decentralized way, earning tokens for their efforts.
Look at the top ten DePIN tokens with 10x profits in 2024.
Leading crypto research firm Messari breaks down DePINs into two categories:
- Physical Resource Network (PRN)
PRN DePINs encourage service providers to set up hardware in specific locations. This hardware supplies energy, connectivity, or geospatial data, redefining how we interact with the physical world.
- Digital Resource Network (DRN)
DRN DePINs focus on cloud-related infrastructure. Service providers are rewarded for supplying digital resources like computing power, storage, and bandwidth, reshaping our digital landscape.
So, how do DePINs work?
Top 10 DePIN Tokens In 2024
As the community-driven infrastructure, DePIN, continues to make waves, let’s explore the top-performing DePIN tokens anticipated to shine in 2024.
Helium (HNT)
Helium operates as a decentralized wireless network, enabling devices to send data to the internet without traditional cellular plans or WiFi. Hotspot providers, essential to the network, are rewarded with HNT tokens. With its innovative approach, Helium stands as a strong contender for favorable outcomes in the current bull run.
2. Akash Network (AKT)
Akash Network is an open platform facilitating secure buying and selling of computing resources. With a vibrant community backing it, Akash offers its open-source network code as a public service. As AKT 2.0 looms on the horizon, Akash Network positions itself as a promising choice for potential 10x profits in the upcoming bull run.
3. Filecoin
Filecoin, a decentralized protocol for digital storage and retrieval, is gaining traction. Experts predict a 4.97% value increase, fostering bullish sentiments among investors. Filecoin’s unique approach to cooperative storage and retrieval positions it as a DePIN token with promising potential for 10x profits.
4. IoTeX
Operating on both BEP-20 and ERC-20, IoTeX is a decentralized private network connecting smart devices. With projections foreseeing a rise to $0.29 by 2028, IoTeX emerges as a favorable DePIN investment for potential 10x profits in 2024.
5. Render (RNDR)
Render, a distributed GPU rendering network on the Ethereum blockchain, exhibits a bullish sentiment. With a potential 48.04% increase on the horizon, Render is a compelling DePIN choice for those eyeing 10x profits.
6. Theta Network (THETA)
Theta Network, the pioneer in hybrid cloud computing, stands out with a fully distributed edge architecture. Experts predict profitability, ranking THETA at 66 by market cap. Investing in THETA could yield substantial returns, positioning it as a DePIN token for potential 10x profits in 2024.
7. IOTA
IOTA showcases an impressive 131.96% increase within a 24-hour window. Recognized for its long-term potential, IOTA is projected to reach $2.5 in the near future, making it a strategic DePIN investment for potential 10x profits.
8. Siacoin
Siacoin has experienced a recent surge in daily volume by 38%. Aiming to address concerns in traditional services, Siacoin is poised to perform well in the upcoming bull run, offering the possibility of tenfold profits.
9. Arweave
Arweave’s projected trading range of $10.75 to $29.22 and an expected 156.71% increase make it an appealing DePIN investment. Investing in Arweave now could result in significant 10x profits.
10. Livepeer
Livepeer’s predicted trading range between $18.84 and $43.28, coupled with a projected 158.68% increase, indicates a bullish sentiment. As it is expected to grow exponentially in the 2024 bull run, Livepeer is a top pick for potential 10x profits.
So, is DePIN just hype, or a game-changer?
The answer: it’s too early to tell, but the future looks exciting. DePINs offer a revolutionary approach to building infrastructure, empowering communities and potentially disrupting industries. While the market is still young, its rapid growth and the potential for 10x profits in top tokens like Helium and Akash Network are hard to ignore.
But remember, any investment carries risk. So, do your own research, understand the technology, and invest responsibly. DePINs might just be the infrastructure revolution we’ve been waiting for.
Source: https://coinpedia.org/top-10/top-10-depin-altcoins-with-10x-profits/