5 DePIN Crypto To Buy Matching Up To Bitcoin’s Pre-Halving Run

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5 DePIN Crypto To Buy Matching Up To Bitcoin’s Pre-Halving Run – Crypto News

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2 years ago

February 29, 2024

Dripp

The DePINs are making waves in the crypto to buy sphere as they blend blockchain with real-world infrastructure, offering a fresh perspective on technology’s capabilities. With Bitcoin’s value on the rise and Bitcoin halving event on the horizon, DePINs like Filecoin (FIL), Render (RNDR), Arweave (AR), Theta Network (THETA), and Akash Network (AKT) are capturing investors’ attention, promising a new era of decentralized development.

1. Filecoin (FIL)

Filecoin (FIL) is redefining the world of digital storage through its innovative decentralized network, built on the Interplanetary File Storage (IPFS) protocol. Turning the world’s idle storage into a competitive marketplace offers users an opportunity for cost-effective data storage solutions.

The cryptocurrency that powers this network, Filecoin, is essential for transactions within this ecosystem. Customers seeking storage solutions must transact using Filecoin, creating a demand-driven economy. Recently, Filecoin has shown remarkable performance, climbing to $8.21, marking a significant 2% increase in just 24 hours.

2. Render (RNDR)

Render Network is leading the charge in decentralized, GPU-based rendering, transforming how digital content is created. It connects those needing rendering services with GPU owners idle, utilizing OctaneRender for processing. This system optimizes unused computing power and provides a new revenue stream for GPU owners.

Render (RNDR), a standout among DePIN cryptocurrencies, has experienced an 8% surge over the past week. Currently, Render’s price is at $7.82; it holds the 42nd spot on CoinMarketCap, boasting a market cap of nearly $2.96 billion. This growth underscores the significant impact and expanding applications of decentralized technologies in the creative industry.

3. Arweave (AR)

Arweave (AR) has recently made headlines with its impressive 40% price surge, catapulting it into the spotlight among the top 100 cryptocurrencies by market capitalization. This remarkable rally is attributed to significant enhancements within the network’s foundation, signaling a robust period of growth and innovation for the project. As a standout on Binance, AR’s performance draws renewed crypto community interest.

The surge in Arweave’s market value comes from introducing Arweave AO, its latest blockchain iteration. This upgrade promises substantial scalability enhancements, setting a new benchmark for decentralized storage solutions and further cementing AR’s position in the market. At the time of writing, AR price is trading at $30.25, with an impressive surge of more than 25% in the past 24 hours.

4. Theta Network (THETA)

Theta Network is redefining content delivery and data sharing paradigms with its cutting-edge decentralized video distribution and edge computing technology as the global appetite for seamless, high-quality streaming services escalates. Theta’s pioneering approach offers a promising solution, making it a significant contender in the DePIN sector.

Theta Network’s valuation is $1.88, despite a minor dip of 2.68% in the past day. Its ranking at 52nd on CoinMarketCap, with a market capitalization of over $1.87 billion and a circulating supply of 1 billion THETA coins, underscores its potential as a top DePIN investment choice.

5. Akash Network (AKT)

Akash Network (AKT) is at the forefront of a major shift in cloud computing, challenging the status quo of traditional cloud services with its groundbreaking approach. This pioneering technology is poised to redefine our engagement with cloud services, making it more accessible and affordable for users around the globe.

Currently trading at $4.83, Akash Network has experienced a slight decline of 0.52% in the last 24 hours. Despite this minor setback, its innovative contributions to cloud computing continue to captivate the tech community, signaling a bright future ahead for decentralized cloud solutions.

Bottom Line

This wave of Decentralized Physical Infrastructure Networks is a game-changer, merging the digital with the physical in groundbreaking ways. As the crypto market eyes the upcoming bullish phase, FIL, RNDR, AR, THETA, and AKT stand out for their potential to replicate Bitcoin’s pre-halving success.