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Top DePin tokens soar as Bitcoin struggles
Decentralized Physical Infrastructure Network (DePin) tokens have surged over the past 24 hours, outperforming the broader cryptocurrency market. After Bitcoin dropped below $58,500, DePin tokens experienced a strong recovery.
This sector represents not only the cutting edge of technological adaptability, but also a promising frontier for investors looking to benefit from the next wave of cryptocurrency-driven innovation.
Arweave, Render and Akash Network lead DePin’s recovery
According to CoinMarketCap, the DePin sector increased by 7.49% in the last 24 hours. Total market capitalization now stands at $25.8 billion.
Among the top 10 DePin tokens based on market capitalization, Arweave (AR) was the best, up 12.71% in the last 24 hours. This is followed by Rendering (RNDR)which increased by 12.19%. Akash Network (AKT) it also recorded a double-digit increase of 10.56%.
To know more: What is DePIN (Decentralized Physical Infrastructure Networks)?
This increase is supported by a 67% increase in trading volume in the DePin sector, highlighting interest among cryptocurrency traders.
In the meantime, Bitcoin (BTC) however, in the same period of time it fell by around 2.5%. The total cryptocurrency market capitalization is also down 0.25%, currently at $2.26 trillion.
The resilience of DePin tokens in a volatile market also highlights the larger narrative of selectivity and strength in the crypto ecosystem.
“The cryptocurrency market is bleeding, but the main projects AI, DePin and RWA are growing. Stick to the main narratives. Stick to the most important coins in those narratives. That’s how you win this cycle. With literally millions of coins to choose from in this cycle, only the strong will survive,” said cryptocurrency investor Chase She said.
Top 10 DePin Tokens. Source: CoinMarketCap
Market analysts attribute this trend to the unique value proposition of DePin tokens. These projects are pioneering the integration of blockchain technology with real-world applications, paving the way for a new era of innovation in sectors such as computing, energy, telecommunications and mapping.
“DePin will make cryptocurrencies as recognizable as email did for the Internet. No one can argue with the added value of a cheaper service like mobile plans with similar and sometimes better coverage and service. I think DePin will be one of the fastest growing sectors in cryptocurrency for user onboarding, and we will see DePin networks in the top 10-20 in this and next cycle, some of which don’t exist today,” the analyst cryptographer Santiago Santos She said.
Franklin Templeton, a major investment player, recently explored DePin. In its report titled “DePIN: Traction in Supply & Early Signs of Increasing Demand,” the company suggests that DePin projects streamline operations by leveraging third-party participants.
To know more: The 9 main Web3 projects that are revolutionizing the sector
These participants manage the activities in exchange for token incentives, reducing costs and increasing efficiency. As a result, DePin tokens are positioned as a disruptive force in traditional business models.
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