Looking for the top #DePIN project to invest in 2024? Here is a list of some of the best and weather-proven DePIN infrastructure projects for you.
But first, a small intro of what are DePIN projects and why they are good for investment.
DePIN (Decentralized Physical Infrastructure Networks) projects leverage blockchain to manage and optimize physical infrastructure, such as energy grids, telecommunications, and transportation networks. By decentralizing the control and ownership of these infrastructures, DePIN projects offer enhanced transparency, security, and efficiency.
Investing in DePIN projects is appealing because they address real-world problems with scalable, decentralized solutions. They often present opportunities for long-term growth and impact, as they disrupt traditional industries with more efficient and transparent models. As these networks mature, they can unlock significant value and innovation, making them attractive prospects for forward-thinking investors.
So what are some of the best DePIN projects to invest in 2024?
#Helium HNT
Why Helium? Because it is one of the most powerful IoT projects available online in the crypto space. It also has a strong market penetration and solid partnerships with Google Cloud, Lime, Conserv and many others to support their crypto-based use cases.
The project focuses on long-range wireless hotspots to connect IoT devices without the limitation of close-proximity connection.
Why should you invest in HNT?
Helium is already backed by strong players in the market, it has positive projections and is already available on Binance - making it an easy to invest project with promising forecast.
Second in our list is Filecoin. It is one of the best projects in crypto space that has been existing for over 3 years and successfully tested the ups and downs of the crypto market.
One thing to note about FIL coin - if you have not been living under a rock - is that it has a very strong use case around decentralized storage. Those who have extra storage can easily rent it out with the help of the FIL crypto project.
Why should you invest in FIL?
FIL has seen major ups and downs in the last 3 years going from $1 to $11 and then back. It is a great coin for investments and ranks in top 10 crypto currencies in the world for trading and long-term investments.
#RenderNetwork RNDR
I am always a strong proponent of decentralized projects with a solid use case. RNDR is one such project. It offers users with rendering requirements the ability to rent cloud rendering GPU power from those with extra GPU power available.
It is already in use by Apple that uses OctaneRender - Render’s HPC engine.
Why should you invest in RNDR?
RNDR has already acquired direct funding from Solana Foundation and Multicoin Capital. So it is not a come and go project. It’s solid use case and funding rounds already share impressive growth results. If you are someone who has long-term vision for decentralized networks then this is a promising project to look at.
Another great DePIN coin that has a highly tangible use case - Theta Network. It provides a decentralized video delivery network that utilizes the power of blockchain technology to deliver high-quality video streams at lower costs.
Theta Network is already in use by major platforms like Samsung VR and Sony’s European subsidiary. The project is designed to incentivize users to share their spare bandwidth and computing resources, creating a more efficient and cost-effective streaming solution.
Why should you invest in Theta Network?
Theta has garnered significant backing from industry giants such as Samsung and Sony, and its strategic partnerships with these leading tech companies are a testament to its robust potential. Moreover, Theta's dual token system, featuring THETA and TFUEL, provides multiple avenues for growth and participation within its ecosystem. If you have a long-term vision for decentralized networks and believe in the future of video streaming technology, Theta Network is a project worth considering.
The Graph (GRT)
Last but not the least, the Graph (GRT) is one project that offers decentralized protocol for indexing and querying data from blockchains, making it easier for developers to access and utilize blockchain data in their applications.
The Graph is already being used by major DeFi projects like Uniswap and Synthetix, proving its value and utility in the decentralized finance space. The protocol allows developers to build and publish open APIs, called subgraphs, that applications can query to retrieve data efficiently.
Why should you invest in The Graph?
The Graph has received substantial support and funding from notable entities such as Coinbase Ventures and Digital Currency Group. This backing highlights the project's credibility and growth potential. With its essential role in powering the next generation of decentralized applications, The Graph is a cornerstone of the blockchain ecosystem. If you are someone who believes in the long-term vision of decentralized networks and the importance of seamless data access, The Graph is a promising project to consider.
So, what are you waiting for? Start researching these projects and invest.
PS: This is most important. As I always say in my videos, DYOR (Do your own research) and don’t invest blindly in any project. This is your money and you should first understand the project before investing to ensure you have complete control over it. That being said…
Happy investing!
