Crypto Analyst Spotlights on Top DePIN Coin as the Breakout Star in the AI Bull Run

On Feb 19, 2024

With the crypto market on the brink of a bullish upswing, investors are on the lookout for opportunities beyond the traditional giants of Bitcoin and Ethereum. Renowned crypto analyst Miles Deutscher shed light on DePIN as the crypto coin poised to capitalize on the imminent bull run. Meanwhile, this sector is projected to expand into a $3.5 trillion industry by 2028

DePIN: AI’s Rising Star

In a recent analysis renowned crypto analyst Miles Deutscher enters the scene with a strategic revelation, spotlighting DePIN as the crypto coin. He believes that DePIN is set to become a key beneficiary in the AI sector.

AI will be one of crypto’s top performing sectors this bull run.
But instead of buying random AI coins, I’m focused on one key beneficiary: DePIN.
It’s projected to be a $3.5T industry by 2028, and you have a chance to be EARLY.
🧵: My ULTIMATE DePIN guide (+ top picks).👇
— Miles Deutscher (@milesdeutscher) February 18, 2024

DePIN, short for ‘Decentralized Physical Infrastructure,’ introduces an innovative blockchain protocol that encourages decentralized communities to build and maintain physical hardware.

Users contributing hardware or software resources to the network receive token rewards. Encompassing multi-billion-dollar hardware markets like cloud storage, computing power, and wireless sensor networks, DePIN is poised for a significant impact.

As the AI sector is projected to reach a staggering $3.5 trillion industry valuation by 2028, Deutscher positions DePIN as a compelling choice in the evolving landscape of AI-related cryptocurrencies.

Earlier Messari predicts that DePIN could add $10 trillion to the global GDP in the next decade, with the potential to reach $100 trillion the decade after,” elaborates Deutscher, underscoring the immense economic impact anticipated from DePIN’s growth.

Top DePin Coins To Opt

Further Deutscher mentioned the list of the standout project within the DePIN sector including Akash Network (AKT), Render Network (RNDR), Aethir Cloud, Filecoin (FIL), Arweave, and ATOR Protocol as standout projects.

These projects, according to Deutscher, each of these projects adds something special and valuable to the changing way we think about decentralized physical infrastructure.

With the crypto market gaining momentum, Deutscher’s endorsement of DePIN positions it as an early contender in the flourishing AI sector. This insight provides investors with an opportunity to capitalize on what could be a significant player in the crypto space.