Latest DePIN 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.

DePIN: Revolutionizing Infrastructure Through Blockchain Technology DePIN, short for decentralized physical infrastructure networks, aims to transform the world by creating an interconnected ecosystem driven by computing power and resource sharing. By challenging centralized control and bridging the gap between physical and digital infrastructure, DePIN offers a decentralized ownership model. This shift addresses concerns over data integrity and privacy, empowering individuals to control their technology destiny. Through DePIN, critical infrastructure like health, transport, and energy can be reimagined for the greater good. Utilizing decentralized networks, DePIN provides cost-effective solutions by incentivizing individuals to contribute computing resources. This model fosters a resource-sharing economy and eliminates the risks of centralization. With projects like Filecoin, Drife, Healthblocks, and Qualoo Network leading the way, DePINs have a promising future in revolutionizing ownership of critical infrastructure.

DAWN aims to disrupt the current internet landscape by addressing the disparity in internet connection costs between ISPs and end-users. ISPs purchase wholesale bandwidth for as little as $0.50 Gbps and resell it to consumers at a markup of up to 100 times the original price. DAWN leverages Fixed-Wireless broadband technology to minimize this price gap, focusing on high-performance bandwidth, scalable infrastructure, and decentralization. The protocol seeks to revolutionize the internet through the concept of DePIN. This initiative promises to reshape the internet market and provide fairer pricing for retail households.

Polygon Ventures and Amber Group co-led a funding round for Edge Matric Chain (EMC), a project focusing on decentralized AI applications. EMC plans to launch a Layer-1 blockchain for AI, enhancing GPU computing capabilities. The investment will introduce a new asset class in decentralized finance, backed by tokenized GPU resources. This move signifies Polygon's deeper expansion into AI and DePIN sectors. The rise of AI and DePIN is a top trend in 2024, with projections of adding $20 trillion to global GDP by 2030. UAE firms have launched a $500 million fund for DePIN and AI development, while Vitalik Buterin sees DePIN as crucial for DeFi. The market capitalization of DePIN is nearing $19 billion, with projects like Render and Bittensor leading the way.

Top Decentralized Physical Infrastructure Networks (DePIN) projects are gaining momentum, with $TAO leading in social activity according to PHOENIX. Following closely are $ICP, $EGLD, $RENDER, $HOT, $WMT, $FIL, $AKT, $THETA, and $AR. These projects have seen significant engagement and interactions, showcasing the growing interest in this innovative sector.

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.

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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.

Streamr, Ape and Pepe, LandRocker, and Shiba Shootout showcase the dynamic nature of the crypto sector, offering unique utility and functionality, making them a compelling investment opportunity. The growing popularity of these trending cryptos suggests a thriving ecosystem pushing the boundaries of innovation. Streamr, Ape, LandRocker, and Shiba Shootout each bring something unique to the table, attracting crypto enthusiasts looking for novel applications. Streamr, in particular, stands out in the decentralized data streaming space, providing versatile use cases from AI to live video streaming, powered by its $DATA token. The Streamr network's peer-to-peer architecture ensures fault tolerance and scalability, addressing the limitations of centralized data services.