The Rise of DePIN: AI’s Top Trend in Crypto

Miles Deutscher refers to AI and Decentralized Physical Infrastructure (DePIN) as the driving forces behind the current crypto market growth.

Crypto expert reveals leading AI trends and coins in this bullish market.

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In the world of cryptocurrency, where trends rise and fall faster than the price of Bitcoin, one sector has caught the attention of renowned crypto analyst Miles Deutscher: artificial intelligence (AI). According to Deutscher, AI is set to become the top-performing sector in the ongoing crypto bull run. But what makes this trend so promising?

Understanding The Top AI Trend: DePIN

DePIN, which stands for Decentralized Physical Infrastructure, is a revolutionary blockchain protocol that incentivizes decentralized communities to build and maintain physical hardware. Users who contribute hardware or software resources to the network are rewarded with tokens. This sector encompasses various multi-billion-dollar markets, including cloud storage, computing power, and wireless sensor networks.

👉 Q: Why is DePIN gaining so much attention in the crypto community?

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A: DePIN is gaining attention because it represents a significant shift in the traditional model of physical infrastructure. By decentralizing hardware and offering rewards to network contributors, DePIN offers cost reduction, scalability, and enhanced security over centralized solutions.

Key Sectors Within DePIN

Delving deeper into DePIN, Deutscher identifies two critical areas of growth and innovation within the sector: decentralized storage and computing, along with AI infrastructure.

Decentralized Storage

Projects in the decentralized storage category aim to create marketplaces for unused storage capacity, providing a more accessible, secure, and cost-effective alternative to centralized solutions.

Decentralized Computing

This segment focuses on leveraging GPU power from around the globe to facilitate complex computations, democratizing access to computing resources.

AI Infrastructure

Addressing the exponential growth and scaling challenges of AI, infrastructure projects offer solutions for specialized hardware access, effective collaboration, and data storage.

👉 Q: Can you recommend some promising projects within the DePIN sector?

A: Certainly! Some standout projects in the DePIN sector include:

• Akash Network (AKT): Dubbed the ‘Airbnb for server hosting,’ Akash Network disrupts traditional cloud hosting by offering a cost-effective and scalable alternative.
• Render Network (RNDR): By tapping into underutilized GPU power, RNDR empowers advanced AI and 3D rendering capabilities, with consistent month-over-month growth.
• Aethir Cloud: Poised for a highly anticipated launch, Aethir Cloud boasts significant partnerships and infrastructure commitments, positioning it as a potentially transformative player in the DePIN landscape.
• Filecoin (FIL): Deutscher’s top pick for decentralized data storage, Filecoin showcases robust growth metrics, including a substantial increase in storage capacity and user base.
• Arweave: Specializing in permanent data storage on the blockchain, Arweave offers applications for projects requiring long-term data preservation.
• ATOR Protocol: Serving as scalable privacy middleware, ATOR Protocol enhances privacy for DePIN and other crypto projects through innovative hardware solutions.

Investing in DePIN: An Opportunity Not to be Missed

Deutscher’s analysis concludes with a call to action for investors and enthusiasts, urging them to look beyond the surface of the burgeoning AI trend in crypto. He highlights that each sub-sector disrupts a trillion-dollar industry and emphasizes the immense economic impact that DePIN could have on the global GDP.

👉 Q: What does the future hold for DePIN and AI in crypto?

A: The future looks bright for DePIN and AI in crypto. With immense potential for disruption, coupled with solid financial viability, DePIN presents a compelling investment opportunity. As technology and economics enter a new era, being part of something truly transformative is within reach.

At press time, RNDR, one of the standout projects in the DePIN sector, traded at $6.15. The chart below shows RNDR’s price performance over the past week.

RNDR price, 1-week chart | Source: RNDRUSD on TradingView.com

Taking AI and DePIN to New Heights

As AI continues to revolutionize various industries, DePIN is positioned to lead the way. By decentralizing physical infrastructure and incentivizing community participation, DePIN disrupts traditional models and offers exciting opportunities for investors and tech enthusiasts alike.

Remember, the crypto world moves fast, but staying informed and proactive can help you stay ahead of the game. Invest wisely, and ride the wave of AI’s top trend in crypto!

References:

1. The AI Trend In Crypto: Best Altcoins And Deep Learning Models
2. Renowned Crypto Analyst Predicts The Top 5 Altcoins For 2024
3. Ready Liftoff: Ethereum Eyes Breakthrough, Analyst Signals Upward Trend
4. Global Crypto User Base Surpasses Half a Billion by 2023: Crypto.com Report
5. RNDRUSD on TradingView.com

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