Crypto Analysts Discuss Top Altcoins For DePin Supercycle

4 months ago 2

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Anticipation is mounting as crypto analysts foresee a decentralized physical infrastructure network (DePin) supercycle. This surge, driven by advancements in Web3 and artificial intelligence (AI) technologies, is reminiscent of the Internet’s rapid adoption in the early 1990s.

With DePin leading the charge, a transformative era seems imminent.

Which Are Top Altcoins For DePin Supercycle?

After Bitcoin hit an all-time high in March, the crypto market has been choppy. Many believe that a supercycle will be imminent once Bitcoin ends 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,” crypto researcher Emperor Osmo said.

His sentiment is widely shared, with DePin poised to decentralize real-world applications that have been dominated by major firms like Amazon Web Services (AWS), Google Cloud, and Cloudflare.

Moreover, the DePin market is currently most active in the AI sector, which is undergoing exponential growth. As AI models become increasingly complex, the demand for GPUs has surged.

Hence, Emperor Osmo believes that projects like io.net (IO) and Aethir (ATH) are crucial in securing substantial market shares early on. These platforms are thriving by replicating the network effects observed in Web2 successes, such as Uber and Airbnb.

Cyril, a DeFi analyst, also talks about the potential of integrating DePin with AI. He specifically points to altcoins poised to make significant impacts during 2024’s altcoin season.

Helium’s MOBILE token is at the top of his list. However, the token has been down by nearly 70% since its March 2024 highs.

Helium Mobile (MOBILE) Price Performance

Next are OriginTrail’s TRAC token and Nosana’s NOS token. Both are crucial in developing infrastructures for trusted knowledge and open-source cloud computing markets dedicated to AI, respectively.

Although their smaller market caps suggest higher volatility, the foundational technologies they pioneer are vital for the DePin ecosystem.

Furthermore, Theta Network’s THETA token and the Graph Protocol’s GRT token are noteworthy.

Theta Network is transforming decentralized video streaming. Meanwhile, The Graph is organizing blockchain data to enhance accessibility—a key component for developing efficient Web3 applications.

Altcoin Daily has also provided a list of DePin altcoins worth monitoring, including Render (RNDR) and Filecoin (FIL). Each contributes uniquely to the DePin infrastructure, highlighting the sector’s diversity. These tokens highlight the growing integration of blockchain technology in real-world applications.

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