Top 5 DePIN Coins to Watch in June 2024
Decentralized Physical Infrastructure Networks (DePIN) are revolutionizing the digital world. These projects aim to decentralize the internet’s infrastructure, offering vast growth potential. Here are five promising DePIN coins to consider adding to your portfolio.
1. Render (RNDR)
Render Network connects artists with unused computer processing power via blockchain technology. Artists needing intensive 3D rendering can use Render to tap into distributed GPU resources, earning RNDR tokens in return.
Market Cap: $3.8 billion (31st largest cryptocurrency)
- Current Price: $10.01
- Resistance Levels: $10.78, $11.30, $13.99
- Support Levels: $9.03, $8.26, $5.28
2. Phala (PHA)
Phala Network offers a blockchain-based cloud computing service with a focus on privacy. It ensures computations on data without revealing the data itself through advanced cryptography and specialized hardware.
Market Cap: $134.8 million (398th largest crypto)
- Current Price: $0.1857
3. Nosana (NOS)
Built on the Solana blockchain, Nosana connects projects needing computational power with individuals who have spare CPU capacity. Contributors earn NOS tokens in return.
- Key Support: EMA 100D
- Potential Signal: Breakout below 200 EMA
4. JasmyCoin (JASMY)
JasmyCoin is the cryptocurrency for the Jasmy ecosystem, focusing on the Internet of Things (IoT) and user data control.
Market Cap: $1.7 billion (68th largest crypto)
- Current Price: Overbought condition after 100% gain
- Anticipated Correction: $0.027 - $0.030
5. Golem (GLM)
Golem Network is a decentralized marketplace for computational power, connecting users who need extra power with those offering unused processing capacity.
- Current Price: $0.49
- Support Levels: $0.47, $0.45, $0.40
- Resistance Levels: $0.60, $1
These five DePIN coins each bring unique solutions to the decentralized infrastructure space, offering exciting opportunities for growth and innovation in your portfolio.
