Latest DePIN Token Launch News

Coinbase has announced that it will be adding support for the artificial intelligence-focused altcoin, io.net (IO), on the Solana (SOL) network. This addition marks a significant step for the decentralized physical infrastructure network (DePIN), which aims to leverage idle graphics processing units (GPUs) for machine learning (ML) and AI projects. According to Coinbase, trading for IO will commence on or after 9 a.m. Pacific Time on October 9th, 2024, contingent upon meeting liquidity conditions. The trading will be initiated in phases, and it is important to note that support for IO may be limited in certain jurisdictions. At the time of writing, IO is trading at $1.77, reflecting a decline of over 3% in the past 24 hours. With a market capitalization of $168 million, io.net ranks as the 295th-largest cryptocurrency project. The project aims to democratize access to computing power by aggregating over one million GPUs from independent data centers, crypto miners, and other crypto projects like Filecoin and Render. This initiative is particularly timely given the increasing demand for GPU compute resources driven by the rapid growth of AI and ML workloads. The io.net project emphasizes its mission to make computing more scalable, accessible, and efficient. Current major cloud providers possess approximately 10-15 exaFLOPS of GPU compute capacity. However, the anticipated demand for GPU compute in the cloud could surge to between 20-25 exaFLOPS, reflecting the escalating requirements for AI/ML model training and inferencing. As the cryptocurrency market continues to evolve, the integration of AI-focused projects like io.net could play a pivotal role in shaping the future of decentralized computing.

The Helium Network Token (HNT) is currently experiencing significant market fluctuations, with a market capitalization of $1.14 billion, ranking it at #60 in the cryptocurrency market. Over the past week, HNT has seen a notable decline of 13.16%, yet it has rebounded impressively with a 120% increase over the last 90 days. The price action is currently forming a symmetrical triangle pattern, suggesting that HNT is at a critical juncture. Analysts are questioning whether bullish momentum will lead to a breakout rally that could push the price to the $10 mark this October. In examining the daily chart, HNT's recovery rally has transitioned into a sideways movement within the symmetrical triangle. This pattern follows a breakout from a falling wedge that began in early July, with HNT initially recovering from the psychological $3 level. Presently, the price is consolidating between the 78.60% and 61.80% Fibonacci levels, specifically at $7.782 and $6.365, respectively. Despite the bullish alignment of key exponential moving averages (EMAs), there are signs of a bearish cycle that may threaten a breakdown within the triangle. The local support trendline and the 100-day EMA are critical levels to watch as they could influence HNT's future price trajectory. Looking ahead, if HNT can break out of the triangle pattern, it may target the $1.10 neckline, potentially leading to further gains with targets set at $14 and $21 based on Fibonacci retracement levels. However, should the price fall below $6.36, crucial support levels at $5.527 and $4.80 could come into play. As traders and investors remain vigilant, the question of whether HNT will reach the $10 mark this year continues to spark interest in the cryptocurrency community.

As Solana continues to benefit from low transaction fees and impressive scalability, tokens such as Bonk (BONK) and Arweave (AR) are experiencing notable growth. Bonk, a community-driven memecoin, has reached a market cap of $1.4 billion, currently priced at $0.0000205. Despite a recent 10% drop, Bonk has shown resilience with a staggering 9517% increase over the past year. Technical indicators suggest a neutral stance, with a rising Chaikin Money Flow (CMF) indicating potential capital inflow and investor confidence, even as the broader crypto market faces challenges. Arweave (AR), which focuses on decentralized permanent data storage, boasts a market cap of nearly $1.2 billion. While it has seen a 2% drop today and a 25% decline over the past week, its yearly performance remains strong with a 347% surge. Current technical analysis shows neutral oscillators and a sell signal from moving averages, with the Relative Strength Index (RSI) at 38, suggesting it may be undervalued. The community's bullish sentiment could propel Arweave to new heights as demand for reliable data storage solutions grows. Emerging on the scene is Cutoshi (CUTO), a utility-based meme coin that could potentially outshine both Bonk and Arweave. Currently in its presale stage, Cutoshi operates as a multi-chain decentralized exchange (DEX) with a unique tokenomics model designed to create scarcity and buying pressure. Analysts predict that Cutoshi could see significant growth following its Centralized Exchange (CEX) listing, with potential for a x100 increase in value. As the meme coin market expands, Cutoshi is well-positioned to capitalize on this trend, making it a noteworthy token to watch in the evolving blockchain landscape.

In the ever-evolving landscape of cryptocurrency, analysts are predicting significant gains for DTX Exchange and Bittensor (TAO) in the final quarter of 2024. A Shiba Inu (SHIB) analyst forecasts that these altcoins could see returns as high as 20 times their current value, driven by their innovative features and strong market presence. As the crypto market remains volatile, Shiba Inu has experienced a slight decline of 2.8% over the past week, fluctuating between $0.0415 and $0.0419. Despite this, it appears to be stabilizing around $0.0418, with investors closely monitoring market conditions. Bittensor (TAO) is currently trading at approximately $636.26 and has seen a remarkable price increase of over 14% in the past week. This surge is attributed to growing investor confidence in its decentralized machine-learning capabilities, particularly as major AI companies rebound. Analysts are optimistic about Bittensor's future, especially with the upcoming launch of the Bittensor Improvement Template (BIT001), which will tokenize each subnet within its ecosystem. This, along with the introduction of the $TAOBOT token, is expected to enhance the value of Bittensor (TAO) significantly. On the other hand, DTX Exchange is also poised for substantial growth, with predictions of 20x gains by the end of 2024. The platform's unique features, such as a 1000X trading capacity without KYC requirements and gas-free trading through its VulcanX feature, make it an attractive option for traders. Additionally, DTX Exchange emphasizes financial inclusion for unbanked individuals, providing them access to global markets. With a focus on security through on-chain verifications and non-custodial solutions, DTX Exchange is well-positioned for rapid growth, making it a strong contender in the crypto market alongside Bittensor (TAO).

September has proven to be an exceptionally dynamic month for the Titan Network, highlighted by a series of new collaborations and impactful events. One of the most significant occurrences was the participation in TOKEN2049 Singapore, where the Chief Strategy Officer, Konstantin Tkachuk, delivered an insightful speech on decentralized infrastructure networks (DePIN). This premier crypto event allowed Titan Network to connect with industry leaders, share their vision, and explore new collaborative opportunities, further solidifying their presence in the blockchain ecosystem. In addition to their participation in TOKEN2049, Titan Network announced its expansion into Colombia and Nigeria, aiming to connect with vibrant communities and bring the power of DePIN to a broader audience. The organization also took part in the Economic Society of Singapore (ESS) 2024 Annual Dinner, where discussions centered around the transformative potential of DePIN in the new energy vehicle industry within the Web 3.0 era. This event underscored Titan Network's commitment to innovation and sustainable transportation, showcasing their role in advancing decentralized technologies. Furthermore, Titan Network co-organized the EMC Hackathon, Chain the Future, and hosted their seventh Community Space event, allowing community members to engage directly with leadership. They also launched an Autumn Initiatives campaign featuring a $1,000 USDT prize pool, encouraging participation in social quests and node operations. With new updates for PC users, including real-time device monitoring and improved data connections, Titan Network continues to enhance user experience while fostering innovation and collaboration within the DePIN ecosystem.

In a significant development for decentralized computing, Fizz Node has introduced a comprehensive setup guide for users looking to install its node on Windows machines using Windows Subsystem for Linux (WSL). This guide is designed to simplify the installation process, making it accessible even for those with limited command line experience. Users are required to enable WSL, install a Linux distribution such as Ubuntu, and set up Docker Desktop to create a conducive environment for running Fizz Node. The guide breaks down the steps into manageable tasks, ensuring that users can follow along without feeling overwhelmed. Once the prerequisites are in place, users can register their Fizz Node by navigating to the Spheron network. The registration process involves providing details about the node's operating system, resource specifications, geographical location, and payment preferences. This step is crucial as it allows users to contribute their computing resources to the decentralized network while earning rewards based on their contributions and uptime. The Fizz Node system incentivizes operators by allowing them to keep a significant portion of the payments received for the resources they provide, thus promoting a sustainable and profitable model for decentralized computing. The Fizz Node initiative not only offers a pathway for individuals to monetize their idle computing power but also plays a vital role in the broader vision of decentralized networks. By participating in the Fizz Node ecosystem, users can join the DePIN Super Compute Network, which aims to optimize energy usage and reduce carbon emissions. As the project approaches its token launch, additional benefits and rewards are expected to be introduced, further enhancing the appeal of running a Fizz Node. This initiative represents a pivotal shift in how decentralized computing resources can be accessed and utilized, making it an exciting opportunity for tech enthusiasts and eco-conscious users alike.

MapMetrics is revolutionizing the way users earn rewards through its innovative app, which incentivizes both navigation and community growth. Users can accumulate $MMAPs by completing trips in navigation mode and inviting friends to join the platform. The app tracks total daily earnings, allowing users to see their cumulative rewards after each trip. For instance, if a user completes three trips in a day, they can earn a total of $MMAPs from each journey, making it a straightforward process to maximize earnings through consistent use of the app. In addition to daily trip rewards, MapMetrics offers an enticing Invite a Friend feature. This allows users to earn additional $MMAPs by referring friends to the app. When a friend signs up using a unique referral link and completes the onboarding process, both the user and their friend receive 250 $MMAPs. This not only enhances the user’s earnings but also fosters community growth, as each new user contributes to the overall accuracy of navigation data, improving the experience for everyone involved. Combining daily trip earnings with invite rewards can lead to significant accumulations of $MMAPs. For example, a user who takes three trips and invites three friends could potentially earn 767 $MMAPs in a single day. Beyond the financial incentives, MapMetrics also emphasizes the positive environmental impact of its operations, partnering with Tree-Nation to plant trees for every mile logged. This dual focus on rewards and sustainability makes MapMetrics an appealing choice for users looking to earn while contributing to a greater cause.

Bittensor (TAO) has recently made headlines as its Open Interest reached an all-time high of $189 million, reflecting a significant increase from $50 million on September 5. This surge indicates that more traders are actively engaging with TAO, opening and maintaining positions, which is a positive sign for the token's future. Over the past month, TAO has outperformed Bitcoin (BTC) and the broader cryptocurrency market, gaining over 130%. The overall market capitalization for AI and Big Data cryptocurrencies has also risen from $26 billion to $35 billion, further boosting TAO's position as the second-largest AI crypto with a market cap of $4 billion. The recent performance of TAO has been bolstered by favorable market sentiment, as evidenced by the long/short ratio standing at 1, indicating a balanced outlook among traders. Additionally, more than $800,000 in short positions were liquidated within 24 hours, suggesting that the market is currently not favoring short traders. Technical analysis shows that TAO is trading at $590 and has formed a bullish V-shaped recovery on the four-hour chart, indicating the potential for continued upward momentum. If TAO can break through its current resistance level, the next target price could be $618. Positive indicators such as the Chaikin Money Flow (CMF) being at 0.21 and the Moving Average Convergence Divergence (MACD) line flipping above the Signal line suggest that bullish momentum is strong. Furthermore, the funding rates for TAO have remained positive since late September, indicating that long traders are willing to pay fees to maintain their positions, which reflects confidence in the token's performance. Overall, the combination of rising Open Interest, strong technical indicators, and positive sentiment paints a promising picture for Bittensor's future in the cryptocurrency market.

DePIN, the sector bridging everyday life with the digital world, is booming with Helium emerging as one of the fastest-growing networks in crypto. Over the last 30 days, DePIN's market cap surged by 22.7%, reaching $20 billion with a 400% increase. The fundraising volume also saw a 296% surge year-over-year, indicating massive growth and investor confidence. With over 100 projects in development, DePIN's potential is undeniable, attracting both developers and investors. Helium, for instance, attracted 756,000 real users on June 18, transferring 19.1 TB of data on their network. This success showcases DePIN's seamless integration into daily life, making blockchain technology accessible without users even realizing it. The sector's rapid expansion and promising future make DePIN a major player in the crypto market.

Helium's native token (HNT) has surged by over 18% in the past week, outperforming many other cryptocurrencies. The rise in price is attributed to the growth in Helium's mobile subscribers, which now exceed 112,000. This surge follows a 40% spike in price just two months ago when the subscriber count crossed 100,000. Helium's decentralized wireless network, focused on IoT, has seen rapid adoption, with Hotspots serving as wireless gateways and mining nodes. Technical analysis suggests potential for further gains, with resistance expected at $9.00 and possible targets at $11.50 - $12.00 and even $14.00. Support levels are crucial between $6.00 and $7.00. The overall outlook for HNT remains bullish, driven by its innovative DePIN model and expanding user base.