I have recommended this coin to you when the price was still 0.025. It is still in its early stages, and excellent coins are worth repeated operations. The reasonable layout method is to enter the market in batches. Considering that its strong support level is around 0.057, therefore, when the market is relatively stable, the better entry point is roughly between 0.059 and 0.068.
In the cryptocurrency market, as investors and technology enthusiasts continue to demand innovation and diversified investments, projects in a single field may no longer be enough to attract widespread attention. Especially in a bull market, those diversified and innovative projects are more likely to stand out.
Next, let’s focus on the potential dark horse of this bull market - IoTeX, which perfectly combines Depin with the AI track.
IoTeX is a Layer 1 blockchain based on EVM. Since its establishment in 2017, it has been committed to becoming a trusted computing and application platform for collaboration and value exchange between smart things, developers and people. IoTeX not only introduces blockchain technology, but also combines trusted hardware with edge computing to achieve trusted interconnection between all things and connect the world through blockchain.
By building a trusted IoT platform, IoTeX supports a variety of dapps (such as Cyclone, Mimo), smart devices (such as UCam, Pebble), services (such as ioay, ioTube), and digital assets, covering diverse fields such as DeFi, NFT, DAO, Metaverse, and MachineFi.
IoTeX has a strong team background, consisting of more than 30 top engineers and scientists from top technology companies such as Uber, Google, Intel, Facebook, etc. The Ethereum-compatible blockchain IoTeX ecosystem optimized for Depin has received $50 million in financing, and this round of financing has attracted the participation of many well-known investment institutions.
Regarding the token economy of IOTX, its total supply is 10 billion, the current total circulation is 9,441,378,955, and the total circulating market value is approximately 6.45 billion.
Talking about the risks and opportunities of IoTeX, if the Depin project can be successfully developed, then participating in various Depin projects now will undoubtedly bring abundant opportunities and enjoy the benefits brought by the growth of projects and the increase of tokens. However, risks also exist. If the Depin project fails to realize its vision or the application is just empty talk, then the cost and effort of buying IOTX may be wasted.
Some people believe that Depin can be seen as a track of "old wine in new bottles", or it may become a new field that breaks through industry boundaries and is full of imagination. After all, the Internet of Things, the Internet of Everything, and the seamless connection between Web2 and Web3 are full of opportunities and challenges. If the global co-chain sharing of decentralized physical infrastructure networks can really be achieved, it will be an exciting achievement.
Depin brings together different services, manufacturers and the entire device ecosystem on a "neutral" platform, giving everyone the opportunity to contribute their own networks and devices and receive token rewards; at the same time, everyone can also get the services and support they need from the Depin network and enjoy the changes and new experiences brought by blockchain technology. All this will take time to verify, so let's wait and see. #IOTX物联网 AI $IOTX
