### Top 5 DePIN Coins to Watch in June 2024
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Decentralized Physical Infrastructure Networks (DePIN) are transforming the digital landscape by decentralizing internet infrastructure, presenting significant growth opportunities. Here are five notable DePIN coins to consider for your investment portfolio.
1. **Render (RNDR)**
Render Network facilitates connections between artists and unused computer processing power through blockchain technology. Artists requiring intensive 3D rendering can utilize Render to access distributed GPU resources, earning RNDR tokens.
- **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 provides a privacy-focused, blockchain-based cloud computing service. It enables data computation without revealing the data itself, leveraging advanced cryptography and specialized hardware.
- **Market Cap:** $134.8 million (398th largest cryptocurrency)
- **Current Price:** $0.1857
3. **Nosana (NOS)**
Built on the Solana blockchain, Nosana links projects needing computational power with individuals who have spare CPU capacity. Participants earn NOS tokens for their contributions.
- **Key Support:** EMA 100D
- **Potential Signal:** Breakout below 200 EMA
4. **JasmyCoin (JASMY)**
JasmyCoin is the digital currency for the Jasmy ecosystem, which emphasizes the Internet of Things (IoT) and user data control.
- **Market Cap:** $1.7 billion (68th largest cryptocurrency)
- **Current Price:** Overbought condition after 100% gain
- **Anticipated Correction:** $0.027 - $0.030
5. **Golem (GLM)**
Golem Network operates a decentralized marketplace for computational power, connecting users who need additional processing capacity with those offering unused resources.
