Latest DePIN Token Launch News

Filecoin's Price Surge Signals Potential Recovery for DEPIN Crypto Sector. Achieving 15 exbibytes in storage, Filecoin solidifies its position in supporting NFTs, the metaverse, and decentralized AI. The launch of the Filecoin Virtual Machine attracts DeFi, NFT, and dApp projects, making it a top choice for robust storage solutions. Filecoin Green enhances sustainability, while real-world use cases like storing U.S. government files showcase its reliability. Despite recent market volatility, analysts project a positive outlook with potential highs of $30 by 2030.

Top DePIN Cryptos to Watch: Bittensor, Filecoin, and Render are poised to outperform in the future. Bittensor's market cap reached $2.025 billion, with a 55% increase in trading volume. Filecoin shows strong fundamentals with a high score of 9.7/10. Render experienced a surge in derivatives trading volume. Despite challenges, these projects exhibit potential for growth.

PowerPod, the first DePIN NFT with with real-world benefits launched in collaboration with Mamotor electric motorcycle company in Macau, was sold out on the IoTeX chain within hours. This NFT allows holders to earn $PT tokens based on the daily electricity consumption at Mamotor's electric motorcycle charging stations in Macau for a 30-day period. PowerPod, initiated by IoTeX, aims to build a decentralized energy sharing network, with the charging scenario for new energy vehicles being its first successful implementation. By utilizing the DePIN model, PowerPod seeks to accelerate the coverage of new energy infrastructure, improve resource utilization, and reduce carbon emissions through device sharing and resource interoperability. IoTeX, as a leader in DePIN infrastructure, has provided early and comprehensive support to PowerPod in terms of engineering, technology, and resources to accelerate its development. Energy, especially new energy infrastructure, is one of IoTeX's key focus areas and a significant value proposition for DePIN. IoTeX will continue to support innovative DePIN projects through its modular infrastructure platform and DePIN Surf accelerator, driving DePIN towards a era of widespread adoption.

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.