DePIN Cryptocurrency Projects: My Top 7 DePIN Crypto Gems Ready to Explode in 2024
DePin Crypto Explained!
Welcome to the next big narrative in the cryptocurrency industry. Just as the Metaverse and NFTs were the hot narratives before the 2022 bear market, DePIN crypto projects could drive the final phase of this bull market.
Like previous bull markets, investors typically rotate funds from top-performing crypto projects into micro altcoins and meme coins before bidding farewell to the bull market.
However, this rotation has not yet occurred, which is why I remain bullish on low-cap altcoins.
Does this article suggest the start of a crypto super-cycle? Perhaps- yes. We have yet to witness those staggering 100–200x returns on low-cap altcoins which I expect to happen soon with certain DePIN crypto projects.
Some people believe that this bull market is all about Bitcoin due to the influx of institutional investors and the recent approval of the Bitcoin spot ETF, which could trigger a super bull market for Bitcoin. However, I have not seen any market activity to support such narratives.
Therefore, I am still gearing up for the mega bull run, ready to ride the hot narratives happening with DePIN projects while monitoring market conditions as events unfold. But first, let’s define DePIN Cryptocurrency Projects.
What are DePIN Cryptocurrency Projects?
DePIN, also known as Decentralized Physical Infrastructure Networks, is a concept aimed at redefining ownership and control over infrastructure. It seeks to integrate blockchain technology with physical infrastructure, creating decentralized versions of traditional physical infrastructure.
The DePIN concept is so new that even some crypto gurus are still struggling to decipher what it means. The innovative solutions within DePin are not just concepts; they are real-world applications challenging centralized models. From decentralized energy grids to community-driven Wi-Fi networks, DePin projects are setting new standards for what’s possible.
It’s about taking the reins from monopolistic entities and placing them into a collective grip, ensuring transparency, security, and efficiency. This is the world of DePin, a realm where blockchain technology doesn’t just disrupt; it reconstructs the very fabric of our societal frameworks.
Right now, you may not fully understand this concept, but that’s fine. You should know that every innovation brings challenges and opportunities. This is why, I am positioning myself to get in early on DePIN crypto projects before the masses do.
You should do your research and only invest the amount you are willing to gamble with on these projects because there’s no guarantee of success. However, if you get it right, congratulations, but if things go south, shake it off and move on.
Here are examples of DePIN cryptos that have already brought insane gains to early investors.
- Helium (HNT)
- Arweave (AR)
- Render (RNDR)
- Hivemapper (HONEY)
- Iagon (IAG), and a few others I revealed in the later part of this article.
My team and I have conducted extensive research on DePIN projects to keep you informed.
Please note: Investing in these types of projects is risky and may tie down your capital, as these projects may remain stagnant in the consolidation zone until fresh funds from Bitcoin and other top altcoins are reallocated to them. Hence, do not expect an instant reward after investing.
What’s intriguing about these projects is that you never know when massive green candles will appear on the chart, and they usually take a few days to weeks to yield profits.
This is why you must be prepared to invest money that you are not in a hurry to use. The cryptocurrency market is unpredictable and could start pumping a few days after you exit your positions, which is why you must exercise patience with your investment. So, here are the DePIN crypto projects that made my list.
Disclaimer: This article is for informational and educational purposes only. Don’t regard it as financial advice because I am not a financial advisor. Thanks.
My Top 7 DePIN Crypto Projects to Invest in 2024
World Mobile Token (WMT)
World Mobile Token is a global mobile network built on blockchain technology and the sharing economy. Its current price is $0.2286 with a market cap of $109,095,391. World Mobile aims to deliver universal, affordable, high-quality connectivity to under-connected communities worldwide. When compared to Helium’s market cap, we can postulate possible 10x returns on investment. That means you might turn $500 into $5,000.
Iagon (IAG)
Iagon is a decentralized storage economy that aims to bridge the gap between decentralization and compliance for Web 3.0. It’s currently trading at $0.207 with a market cap of about $77 million.
At a $1 billion valuation market cap, you could expect over 12x returns on investment. However, if you compare this project to Render and Arweave, you may expect higher returns on investment. Therefore, do your research before investing in this project, and don’t expect instant rewards.
Hivemapper (HONEY)
Hivemapper (HONEY) is a decentralized blockchain-powered network for Internet of Things (IoT) devices. Its current price is $0.15 with a market cap of $160 million. Hivemapper aims to improve the communication capabilities of wireless IoT devices.
Considering that I first heard about this project from Token Metrics, and they are an early investor in Hivemapper, this project could bring massive gains if it follows similar projects they have invested in the past, such as Polygon (Matic), Solana, and others. Therefore, I am bullish on Hivemapper in the long run.
Serenity Shield (SERSH)
Serenity Shield is a multi-chain solution dedicated to privacy and security. It uses SERSH as its native currency and employs privacy-by-design, patent-pending StrongBox to store, preserve, and restore users’ data should they lose access to sensitive information. It also facilitates the transfer of ownership to elected successors, such as heirs, in the case of an accident or death of the user.
It’s currently trading at $0.5867, with a market cap of $2.56 million. When compared to Helium’s market cap ($968,885,208), Serenity Shield has significant potential. If SERSH reaches a $1 billion market cap in the future, you could turn $500 into over $200,000. However, it’s not going to happen overnight. Only invest the amount you’re willing to risk.
DTravel (TRVL)
TRVL is a utility token that bridges the gap between travel and blockchain. It is a peer-to-peer vacation rental ecosystem powered by its native token, TRVL. As a DePIN project, Dtravel is eliminating the need for centralized marketplaces and solving problems related to connectivity, trust, and distribution in global travel.
Now, just like traditional booking sites, vacation rental operators use Dtravel’s infrastructure to launch their booking sites and activate on-chain listings. Additionally, travelers find and book vacation rentals directly with operators through Dtravel’s innovative discovery engine called Sensei AI.
That’s not all! Vacation rental operators and travelers earn TRVL by completing peer-to-peer bookings and growing Dtravel’s distributed network of listings. Earning digital tokens by booking rental services, as you would with traditional rental services, sounds too good to be true. Well, welcome to the world of digital infrastructures.
Currently, TRVL is priced at $0.1001 with a market cap of $29,350,286. TRVL aims to streamline fragmented systems within the travel industry by decentralizing traditionally centralized functions. Compared to Render’s market cap, TRVL also has significant growth potential.
NYM (NYM)
NYM is a decentralized network that protects internet traffic by routing it through a decentralized mixnet, aiming to shield users from surveillance and unauthorized data collection. NYM represents the next generation of privacy and is proudly unveiling NymVPN, a pioneering solution that sets a new standard for online privacy and security.
Unlike traditional VPNs, NymVPN is built on the Nym network, an entirely decentralized infrastructure that eliminates any single point of failure or control. NYM is dedicated to protecting your privacy and ensuring that you remain anonymous, even when paying for a VPN service. With NYMVPN, you can safeguard your personal data and information without revealing your card or PayPal details when purchasing a VPN service with NYM.
If you value your personal data, you may consider investing in this project. Therefore, add it to your watchlist and only invest the amount you are willing to gamble with.
WiFi Map (WIFI)
WiFi Map is a decentralized connectivity tool with the core asset of a community-driven decentralized wireless network, incorporating a database of 4.5 billion WiFi hotspots. WiFi Map is revolutionizing the Web3 space with the vision of becoming a global virtual network operator.
You can download the $WIFI and in-app wallet on your mobile phone and participate-to-earn tokens for adding hotspots, verifying credentials, and running speed tests.
Additionally, holding $WIFI in your in-app wallet earns you eSIM data, allowing you to activate a cellular plan from your carrier without using a physical SIM. This innovation is exciting, and I can’t wait to invest in this DePIN project.
Currently, WIFI is priced at $0.1468, with a market cap of approximately $38,646,814. This project aims to create a global decentralized connectivity tool with millions of free public WiFi hotspots added by its community. Compared to Render’s market cap of $4,159,836,776, there’s significant potential for growth.
Final Thoughts
What role will you play in the DePIN revolution? Will you jump in early on DePIN crypto projects before institutional investors arrive, or will you wait until there is mass adoption? Remember, the early bird catches the worm.
DePIN is more than just technological advancement; it’s a movement towards a more connected and empowered society. As we embrace this new paradigm, let’s not be mere spectators but active participants in shaping an infrastructure that is truly of the people, by the people, and for the people.
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