Latest DePIN Token Launch News

JasmyCoin, an IoT token, experienced a 30% surge last week, outperforming other DePIN coins like Filecoin, Render, and Arweave. The price prediction indicates a potential recovery aiming for the $0.046 peak seen in June. Despite a 25% drop in trading volume, JasmyCoin's technical structure suggests a bullish trend, supported by the 200-day EMA and a 67% climb above key support levels. The MACD indicator also confirms the bullish outlook, with a possible move towards the previous peak if certain resistance levels are breached. JasmyCoin is working on transforming data security through partnerships with major tech companies, aiming to make data security a basic right in the IoT era.

Helium's HNT has experienced a 20% surge, reaching over $4.4, making it the second-best performing altcoin globally after WLD. Analyst 'Agonybeard' on Twitter is bullish on HNT due to its leading position in the DePIN narrative, clear crypto and token use case, and being one of the few Solana-based tokens that funds are comfortable buying. With a circulating supply of 75% and a market cap of $650 million, there is potential for HNT to reach multibillion-dollar levels. Agonybeard also highlights Helium's product-market fit with its mobile phone plan and 5G network, which has seen a doubling of subscribers since late February, indicating growing adoption. Despite being over 92% below its all-time high, the analyst suggests a promising chart and a long road to recovery for HNT.

In Q2 2024, the crypto market saw a 14.4% drop in total market cap, yet certain sectors like meme coins, real-world assets, AI, and DePin showed resilience. Despite Bitcoin halvings, the overall market was poor, but these sectors gained attention. Meme coins, especially 'cat-themed' tokens, were among the top narratives, with blockchain ecosystems like Solana and Ethereum capturing significant market attention. RWA and AI integration in blockchains, along with DePin's innovative approach to decentralizing physical assets, were highlighted. The crypto market's annualized volatility was high at 48.2%, indicating investor uncertainty. Notable events included Mt. Gox trustee moving 140,000 BTC and Germany selling seized Bitcoin, affecting the market. Ethereum experienced an inflationary shift with an addition of 120,818 ETH to its supply. Crypto exchanges showed mixed trends, with CEXs like Binance seeing a decline in trading volume, while DEXs like Uniswap and new platforms saw volume increases, benefiting from meme coin trades and airdrops. The outlook for the rest of 2024 is cautiously optimistic, with improving macroeconomic conditions and ongoing development efforts.

The crypto market is experiencing a calm before a potential bull run, with many altcoins currently undervalued and ready for a surge. Meme coins, once considered mere gimmicks, are now outperforming sectors like Decentralized Physical Infrastructure Networks (DePin), Real-World Assets (RWA), and AI-driven cryptocurrencies. This unexpected shift has piqued the interest of traders and investors. Among the projects gaining attention is CYBRO, which has quickly reached a $1 million presale milestone, offering investors significant returns with a predicted ROI of 1200%. The platform provides lucrative staking rewards, exclusive airdrops, and reduced fees for token holders. Meanwhile, PEPE, a meme-inspired altcoin, is leveraging community support and existing technology for a secure and inclusive ecosystem, positioning itself for growth in the upcoming market cycle. BRETT coin and STRUMP are also emerging as promising altcoins, with unique technologies and community backing that could lead to substantial gains in the next bull run. WIF Coin, with its innovative technology and privacy features, is another player to watch, as market patterns suggest a possible surge similar to the 2021 altcoin boom.

The Helium Foundation is exploring new possibilities with the introduction of 'subnetworks' that extend beyond wireless capabilities. A Swedish project, Srcful, has proposed to become a Helium subnetwork, introducing its own ENERGY token. Helium currently allows individuals to operate nodes in its IoT network, earning Solana-based IOT tokens convertible to HNT tokens. By investing in a Helium hotspot, participants can contribute to the network and hope for token rewards exceeding their energy costs. Srcful aims to utilize Helium hotspots for a virtual power plant concept, aggregating smaller-scale renewable energy sources to support the energy grid. Households can offer power from solar panels or batteries, receiving ENERGY tokens in return, while hotspot operators are rewarded for managing these energy sources. Srcful plans to sell the energy from the virtual power plant to energy companies or grid operators, aiming to generate revenue. However, concerns have been raised about the complexity of Srcful's business model and the need for contracts with energy-needy operations. Helium Foundation CEO Abhay Kumar anticipates more proposals like Srcful's to come, as Helium looks to expand its ecosystem.

Undervalued cryptocurrencies are gaining attention with potential for significant growth. Nosana (NOS-USD), a decentralized GPU grid, allows users to share computing power and earn rewards in $NOS tokens, showing a 1,000% increase since March. The Render Network (RNDR-USD) enables GPU owners to rent their computing power for various industries, with a 1,125% rise since July 2022. Ondo (ONDO-USD), a DeFi platform, aims to provide institutional-grade financial services to everyone, with ONDO tokens surging over 300% since the beginning of the year.

Decentralized physical infrastructure networks, or DePINs, are rapidly expanding in the blockchain industry. With over 1300 projects and growing, DePINs are transforming various sectors by incentivizing individuals to contribute resources and data. From health tracking rings to WiFi hotspots, browser extensions, and vehicle monitoring devices, DePINs offer innovative ways for users to earn rewards while providing valuable services and data. The new generation of DePINs is focusing on demand-led growth, lowering barriers to entry for contributors, leveraging speculation, and maintaining centralized control during the early stages of development. Projects like Spexi, Natix, and 3DOS are examples of how DePINs are evolving to build sustainable and impactful networks. As the DePIN industry continues to mature, we can expect even more innovation and positive real-world impact from these decentralized infrastructure projects.

The cryptocurrency market is currently experiencing a lull, but savvy investors can find opportunities amidst the increased selling pressures. New tokens like MVL and Pepe Unchained offer affordable entry points. MVL uses blockchain to innovate in the mobility sector by creating a unified ecosystem for seamless recording, tracking, and verification of interactions. It has formed strategic partnerships to strengthen its ecosystem, including collaborations with IoTeX, Yuliverse, and Moonringai. Pepe Unchained, on the other hand, aims to enhance the utility of meme coins by offering an Ethereum-based Layer 2 solution for improved transaction efficiency.

Helium is developing a decentralized network ecosystem that supports IoT and 5G networks. The Helium Network Token (HNT) serves multiple purposes, including obtaining Data Credits, participating in governance, and acquiring subDAO tokens. The network's growth, particularly Helium Mobile, has been significant, with partnerships like Telefónica aiding in expansion. Helium addresses coverage and cost issues by incentivizing small suppliers through tokenized rewards. It began as an IoT network in 2019 and transitioned to the Solana blockchain after governance approval, operating on a subDAO framework. Helium's IoT network has various applications, including flood detection and museum monitoring.

HONEY, Hivemapper's native token, has seen a 43% surge, trading at $0.08141, amidst a general downturn in the cryptocurrency market. The token's market cap has also increased by over 56%, reaching $161.9 million. Despite this, HONEY is still 81% below its all-time high of $0.4315 set on December 7, 2022. Hivemapper, a decentralized mapping platform, is attempting to rival Google Maps by utilizing a network of dashcam-equipped vehicles to collect mapping data. Contributors and data verifiers are rewarded with HONEY tokens, which has led to a mapped network covering over 262.55 million kilometers. The token's recent appreciation is attributed to the growth of Hivemapper's network and the listing of HONEY on Kraken Pro, a major cryptocurrency exchange.