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Many DePIN crypto tokens will 100x this bull run...
DePIN is one of the narratives we're the most BULLISH in, for this bull market.
We told you about DePIN crypto tokens like:
💎 $HNT
💎 $ALEPH
💎 $HONEY
💎 $SC
💎 $DIMO
💎 $POKT
💎 $AKT
💎 $DATA
💎 $IOTX
and a bunch more...
Now, why are so many DePIN projects outperforming the market, and many tokens like: $SOL, $TIA, $AZERO, $SEI, $KAS, $ETH $SOL $NEAR $BONK $XMR $ALGO $DOGE, $XRP, $ADA, $PLS, $HEX, $TIA, $QNT, $INJ, $MATIC?
Well, it comes down to many reasons but we will pin down to three.
1) Low Overall Market Cap + Fewer Projects
The overall market cap of DePIN crypto tokens is approximately - $21.3 billion.
Compared to a lot of other blockchain sectors, this is a lot lower. Not only that there are a lot fewer DePIN projects because of the time, efforts, and money required to start and run one.
2) Multiple Narratives & Market Sectors
One thing we need to outline is that many of these DePIN crypto tokens fall under many narratives allowing it to reach a wider market.
Narratives such as RWA, Data, AI, Health, Energy and more.
3) Real World Use Cases
So DePIN refers to decentralized physical infrastructure networks, which use blockchains and token rewards to develop infrastructure in the physical world across different fields, such as wireless connectivity, geospatial mapping, mobility, health, energy, and more.
This allows DePIN projects to provide utility both in the blockchain and in the real world.
$SEND owns the complete Send IP, recently migrated to @base and is silently sending (ironic) with no engagement yet.
This is a giga brain ERC-4337 project with well known doxxed developers but I wonder if people send it meme coin style due to the name.
Only $7m MC with $2m LIQ.
/send seeks to cultivate community, enabling direct person-to-person payments where each user has a voice and share in an ever-expanding network.
More than a simple transaction app, /send wants to empower interconnectedness and equity among its members.
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