As Moody’s shines a spotlight on DePIN, Render, Filecoin, and Helium stand out. Investors are also diversifying with Pepe Unchained.
In 2017, crypto prices soared. By December of that year, Bitcoin approached $20,000. It has never been the same again.
In 2020 and through 2021, the DeFi and NFT boom lifted top platforms, including Bitcoin and Ethereum, to record highs. By Q4 2021, BTC was nearly $70,000 while Ethereum approached $5,000.
Analysts are bullish that the 2024 and 2025 bull cycle will also see crypto prices soar to fresh all-time highs.
Already, there are hints.
Bitcoin recently broke above $70,000, racing to $73,800 before recoiling to spot rates after the April 2024 Halving.
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There are several unknowns, including the impact of politics and interest from institutions.
The Age Of DePIN: Is Decentralized Physical Infrastructure The Bet of The Decade?
Even so, what’s encouraging is the emergence of another sector: The Decentralized Physical Infrastructure (DePIN).
It is so much that it has captured the attention of Wall Street, with Moody’s, a reputable ratings firm, issuing the first thorough assessment of the sphere.
Most importantly, the report acknowledges DePIN’s impact and its capability to revolutionize infrastructure management.
DePIN platforms leverage the underlying trustless ledgers to improve the efficiency of infrastructure management, drive growth, lower costs, and improve reliability.
To do this, DePIN platforms issue tokens to encourage investor participation and expand their networks.
Nonetheless, there are challenges.
The absence of clear global regulations regarding their tokens tops the list. At the same time, clear compliance hurdles must first be overcome since they stifle growth.
Additionally, since they depend only on smart contracts, the connection between blockchain and physical infrastructure can lead to cybersecurity concerns. Due to the new attack surfaces, these risks must be managed.
While there are enhancements and better collaborations, sometimes integrating the blockchain demands infrastructure firms to invest heavily. Accordingly, this poses a barrier to integration, leaving out more projects that might be willing to trial these solutions.
Top 3 DePIN Projects To Consider In H2 2024
Despite these headwinds, DePIN is growing and continues to attract investments. So far, there are three projects to consider in September 2024:
- Render:
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The decentralized platform offers a solution for graphic designers to render their creations cost-effectively. It pools computing power from users across the globe. All rendering services are payable using their native token, RENDER. At spot rates, it is up 126X from an all-time low of around $0.03, registered in mid-2020.
- Filecoin:
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This platform offers a decentralized storage solution using IPFS. Through this model, users across the world can rent out unused storage space, getting paid in FIL. Various firms, including ConsenSys and ChainSafe Systems, have integrated Filecoin. As of mid-September, FIL is under pressure but up 30% from December 2022 lows.
- Helium:
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It offers a network that connects all IoT devices. Helium incentivizes users to provide wireless coverage and continues to find adoption. After integrating Solana, it boosts speed and reliability while also reaching more people after collaborating with Nova Labs and T-Mobile. HNT is up 58X from all-time lows recorded in April 2020.
Diversify With Pepe Unchained For More Gains?
While DePIN projects are taking over, investors are also looking to diversify through quality projects. As of September 18, Pepe Unchained is at the top of the list.
The ongoing Pepe Unchained project has raised nearly $13.6 million.
PEPU, the native token on Ethereum, is trading for just $0.0098.
What’s cool about Pepe Unchained is its mission to scale Ethereum.
For this reason, it is building an Ethereum layer-2 dedicated to trading and launching meme coins.
Pepe Unchained helps expand the Ethereum ecosystem while enhancing user experience, saving them from the comparatively high gas fees.
It will be interoperable with Ethereum and Pepe Chain.
PEPU investors can stake and receive a 152% APY yield.
For what Pepe Unchained brings to the table, some analysts on YouTube expect prices to rally after launching.
In their view, PEPU can easily 10X, possibly outperforming Render, Filecoin, and even Helium in H2 2024.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
