Top Altcoin Sectors/Narratives to Watch this Bull Run

As Bitcoin hits a new ATH at $73.7k, and Ethereum crosses $4k, the bull run has already kicked off. However, the majority of altcoins are left behind with over 50% to break their ATHs. For me, this is a sign that we are still early on altcoins.

Another fascinating fact about this bull run is that there are some profitably interesting narratives or sectors to watch. I’ll be focusing on some of these narratives with examples of projects that are leading in each sector.

Artificial Intelligence - AI

AI tokens are cryptos that power AI-related projects, such as AI-powered portfolio management, image generation, pathfinding, and more. AI tokens may give their holders governance rights on the platform, or they are needed to pay for transactions on the platform. There are over 140 projects in the AI narrative zone, with a combined market cap of $28.6 billion. Some notable projects that are leading the AI category are Fetch.ai (FET) with a market cap of $2.9 billion, Render (RNDR) with a market cap of $4.6 billion, and Akash Network (AKT) with a market cap of $1.4 billion.

DePIN

DePIN refers to Decentralized Physical Infrastructure Networks which utilize blockchain and tokenized incentives to build real-world infrastructure across areas like wireless networks, storage, geolocation, transportation, and energy. There are over 70 projects making waves in the DePIN narrative zone, with a combined market cap of over $31 billion. Some notable projects that are leading the DePIN category are Filecoin (FIL) with a $5.8 billion market cap and Arweave (AR) with a $2.6 billion market cap. Peaq Network is another promising DePIN project which is going live on the mainnet, with its ecosystem dubbed to be the hub for DePIN projects to thrive.