Crypto Analyst Identifies DePIN Coin as the Standout Performer in the AI Bull Run
DePIN: The Rising Star in the World of AI
Renowned crypto analyst Miles Deutscher has recently made a strategic revelation, shining a spotlight on DePIN as the cryptocurrency to watch. According to Deutscher, DePIN is poised to become a major player in the AI sector.
During this bullish upswing, AI is predicted to be one of the top-performing sectors in the crypto market. However, instead of investing in random AI coins, Deutscher believes that DePIN is the key beneficiary to focus on.
DePIN, which stands for “Decentralized Physical Infrastructure,” introduces an innovative 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. With its involvement in multi-billion-dollar hardware markets like cloud storage, computing power, and wireless sensor networks, DePIN is expected to make a significant impact.
The AI sector is projected to reach a staggering $3.5 trillion in valuation by 2028. Deutscher positions DePIN as an attractive choice in the ever-evolving landscape of AI-related cryptocurrencies.
According to Messari, DePIN has the potential to add $10 trillion to the global GDP in the next decade, with the possibility of reaching $100 trillion in the following decade. Deutscher emphasizes the immense economic impact that is expected from DePIN’s growth.
Deutscher also highlights a list of standout projects within the DePIN sector, including Akash Network (AKT), Render Network (RNDR), Aethir Cloud, Filecoin (FIL), Arweave, and ATOR Protocol. He believes that each of these projects brings something special and valuable to the changing landscape of decentralized physical infrastructure.
With the crypto market gaining momentum, Deutscher’s endorsement of DePIN positions it as an early contender in the thriving AI sector. This analysis provides investors with an opportunity to capitalize on what could potentially be a significant player in the cryptocurrency space.