Latest DePIN Token Launch News

EGLD Price Analysis: Bullish Reversal Signals Potential Breakout Rally. The EGLD token, part of the multiversX ecosystem, is showing positive momentum amid a falling channel pattern. Currently trading at $28.38, with a 0.74% intraday growth, EGLD aims to challenge resistances at $37.55 and $45.34. The recent double-bottom reversal indicates a bullish cycle re-entering the consolidation range. Technical indicators suggest a positive trend, with the daily RSI above the halfway line. Overcoming the bearish trend line will be crucial for EGLD's price surge.

Helium (HNT) has surged past $7, breaking the recent downtrend in altcoins with a 12% rally. Speculation is rising on whether HNT will reach a new all-time high as trading volumes and open interest soar. Factors driving this surge include increased buyer activity, bullish technical indicators, and growth in decentralized physical infrastructure networks. Traders are monitoring key technical levels such as moving averages, resistance and support levels, and the long/short ratio. Despite some caution in the market, the positive sentiment around Helium suggests a potentially bullish outlook for the cryptocurrency.

Helium (HNT) and Akash Network (AKT) continue to surge despite the overall crypto market cooldown. Helium's HNT token has surpassed the $7.12 mark, driven by its role in decentralized IoT. With extensive network coverage and the ability to earn HNT tokens, Helium is likened to crypto mining with a purpose. The project has also ventured into providing 5g services, attracting attention with a $20 monthly cell plan. As HNT aims for the $8.00 target, there's potential for a return to 2024 highs around $11. Meanwhile, investors exploring crypto presales may encounter projects like Pepe Unchained (PEPU), a layer-2 meme coin offering fast, affordable transactions. Despite the opportunities, it's crucial to remember the high-risk nature of crypto investments.

DePIN: Revolutionizing Infrastructure with Tokenization and Decentralization. DePIN, or decentralized physical infrastructure network, transforms traditional infrastructure projects by incentivizing individuals through token rewards. Utilizing blockchain technology, DePINs promote decentralization, community governance, and peer-to-peer models. Smart contracts and crypto tokens automate operations, while IoT integration optimizes resource allocation. Use cases include decentralized Wi-Fi networks, peer-to-peer energy trading, and decentralized cloud storage solutions. The DePIN Association, comprising 10 leading blockchain organizations, drives innovation and sets industry standards for decentralized infrastructure.

RENDER, Arweave, and Filecoin prices are analyzed in the latest report. RENDER has surged by 40% in a week, defending the demand zone. AR struggles near $45, while Filecoin triggers a breakout from a falling wedge pattern. RENDER shows bullishness, AR may reclaim $50, and Filecoin eyes the 200-day EMA for a bullish momentum.

DTX Exchange (DTX) Predicted to Soar by 90x in 2024, Outshining Ethereum and Solana. The presale star has already brought early buyers a 100% return, with experts forecasting a rise to $0.06 in Stage 3. DTX Exchange offers a hybrid trading model, fast transaction speeds, and a wide range of asset classes. The utility token provides benefits like better analytics tools and lower trading fees. With a smaller market cap and entry into the bonds market, DTX Exchange stands out as a promising investment opportunity.

TADA Mini: Revolutionary Ride-Hailing Service Utilizing Telegram Bots, MVL to Host Special Airdrop Event. TADA mini, the first real-world utility service for the Web3 world, allows users to book rides directly through Telegram. By linking TADA's drivers with Telegram's users, seamless real-time communication is enabled. The service, set to launch in early September in Singapore, will also provide transportation for Token 2049. MVL is hosting a referral event for Web3 users, offering 50 million MVL tokens as rewards. Following the Singapore launch, MVL plans to expand the service to other countries.

Only 3% of PumpFun traders have made over $1,000 in profits, while more than 60% have lost money. DEXScreener is earning over $1 million in weekly fees from meme token traders. TRX posts an 18% weekly gain driven by the Sun Pump token launchpad. Balaji Srinivasan aims to establish a 'Network State' through a pop-up city in Singapore. Runes dominate Bitcoin on-chain activity, Xai partners with Gauntlet, and Aethir powers smart TV gaming with DePIN infrastructure.

Network3, the DePIN-Edge AI protocol, has successfully sold out its first batch of physical mining devices, N3 Edge V1, within an hour after launch. The sale went live on August 20 at 10 am PST and was met with an extremely high demand from users. N3 Edge V1 is a dual mining machine that can mine Network3’s native token and IoTeX tokens. The physical mining machine enables users to boost their Network3 rewards by mining two types of tokens. These devices integrate IoTeX’s infrastructure like the decentralized W3bstream and ioID to provide device identity and DePIN verification, leveraging IoTeX’s advanced ZK and off chain computing technology with its modularity tech stack. The N3 Edge is more powerful than other personal devices that people use for mining tokens. Additionally, it is lightweight and has high processing power, helping users to efficiently and seamlessly mint two tokens. Most importantly, N3 Edge is very easy to set up. Users have to connect to a power source, connect the device to the internet, login, and start mining. Network3 aims to democratize the AI industry by decentralized model training and data processing in exchange for tokenized rewards. The successful launch of Network3’s dual mining machine, N3 Edge, is a step forward towards realizing a more equitable and decentralized future.

Top DePIN Cryptocurrencies for 2024 include PlayDoge, Render, BitTorrent, Filecoin, Theta Network, MultiversX, Ocean Protocol, Livepeer, Storj, and World Mobile Token. These projects offer decentralized real-world infrastructure ecosystems like GPU rendering, cloud storage, and internet access. PlayDoge stands out with its P2E game and meme appeal, while Render provides peer-to-peer GPU rendering services. The DePIN sector is expected to grow as more users participate, making these coins potentially lucrative investments.