The DePIN sector is making incredible gains In the last 24 | Depressionn on Binance Square

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The DePIN sector is making incredible gains
In the last 24 hours alone, its market value has increased by 7%.
Almost every DePIN token has shown growth over the last week
Projects you must keep an eye on 🧵⬇️

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AltSeason2024 possibly in Q4! 3 Altcoins that will make a comeback in 2024 Strongly recommend keeping an eye on them ⬇️ Fantom (FTM), Arbitrum (ARB), and Polygon (MATIC) could reach $1 in 2024 Notable updates include Fantom’s testnet launch, Arbitrum’s smart contract upgrades, and Polygon’s rebranding: 1 ➜ | $FTM | The launch of the Sonic test network is by far the most ambitious update to date Sonic plans to deliver low cost, scalability and L2 speed with Layer1 security. The $FTM price is $0.64 and shows a positive trend In the last month, the price has increased by as much as 60% making the $1 mark attainable 2 ➜ | $ARB | he Stylus update for Arbitrum (ARB) will be released on September 3, allowing the use of Rust, C and C++ to create smart contracts This will simplify development, attract more developers and encourage innovation Additional benefits include a multi-virtual machine, low-cost execution, and full interoperability $ARB price is currently trading at $0.58 and is up 12% in the last week Despite the recent market decline, ARB is showing signs of strong potential similar to the 2023 patterns 3 ➜ | $POL | Polygon is swapping its MATIC tokens for a new token, POL, as part of the Polygon 2.0 roadmap This change, effective September 4, aims to strengthen the ecosystem and enhance network capabilities POL will support validators, community growth, and further decentralization. It will also serve as the native token for the PoS chain and future AggLayer The upgrade addresses the technical limitation that prevented changes to MATIC, aiming to foster innovation and attract more developers $POL price is currently trading at $0.4 and is up 8% in the last week If $POL breaks $0.45 resistance, it could reach $0.5 and potentially $0.55 in the short term, with the possibility of reaching $1 if bullish momentum continues

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Sui's price has risen 30% in the last week Its TVL is up $400 million from its early August lows of about $340 million Does that make $SUI a good investment? ⬇️ Up-and-coming layer-1 blockchain protocol Sui (SUI) has seen significant gains recently, with the SUI price increasing by 30% in the past week to reach $1.35 This price surge aligns with a significant increase in crypto asset inflows to the blockchain @SuiNetwork (TVL) in smart contracts has risen to approximately $808 million, up from around $340 million in early August Sui adoption is likely to continue surging Circle’s native USD stablecoin, USDC, will soon arrive on the blockchain, substantially enhancing its utility for crypto users Per an announcement on X, @circle announced that Sui would soon be added to the Cross-Chain Transfer Protocol Macro factors could benefit major cryptocurrencies, including Sui The Fed is starting a new rate-cutting cycle after raising rates to multi-decade highs in 2023 to curb inflation Short-term volatility is expected as markets speculate on a 25 or 50bps cut, but the trend is clear: lower US interest rates and a more favorable liquidity environment are on the way If the US economy avoids a recession, tis should be positive for risk assets What's in store for the $SUI price? Sui's break above the $1.20 resistance could push it to yearly highs of $2.17, potentially doubling its value in the near term, making it a strong buy Sui Price Jumps 35% After $400 Million Inflow With a market cap of $3 billion, there's significant growth potential if adoption accelerates. Advocates believe Sui could reach a market cap in the tens of billions, making a $10 SUI price feasible

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Are you tired of trading in memecoins on BSC, TRON? Meet the newcomer - NEAR PROTOCOL with its MEMECOINS Read more below 🧵⬇️

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Arthur Hayes: a Fed rate cut could crash the market Is it really likely to happen anytime soon? About this & Which tokens to look out for 🧵⬇️ Arthur Hayes, co-founder of BitMEX and CIO at Maelstrom, shared his views on the macroeconomic outlook and its impact on crypto markets during TOKEN2049 in Singapore In his keynote, "Thoughts on Macroeconomics Current Events," he predicted a market crash driven by Federal Reserve actions, followed by a new bull market As the Fed prepares to cut interest rates for the first time since COVID-19, investors expect significant market shifts The Federal Reserve (Fed) has kept the interest rate at 5.5% since July 2023. The monetary tightening cycle was started in the fall of 2022 Hayes criticized the Fed's decision to cut rates amid high government spending and inflation above target, warning it could trigger a market collapse He predicted the collapse would follow shortly after the rate adjustment due to the shrinking interest rate gap between the US dollar and the Japanese yen Hayes highlighted Ethereum, along with ENA, ETHFI, and PENDLE, as potential winners if treasury yields decline He described Ethereum as an "Internet bond" with a 4% yield, potentially making it more attractive than the US dollar or Treasury bonds Hayes dismissed concerns of Ethereum's underperformance, predicting it would outperform both the US dollar and Treasury bonds if yields drop significantly He also forecasted a market drop following the Fed's rate cut, followed by a new bull market, benefiting investors, particularly those holding Ethereum and similar assets

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Many believe that the NFT era is long behind us But in the case of TON, this is just the beginning TON NFT projects worth your attention 🧵

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