With the cryptocurrency market on the verge of a bull run, investors are looking for opportunities beyond the traditional giants of Bitcoin and Ethereum. Renowned cryptocurrency analyst Miles Deutscher stated that DePIN is a cryptocurrency ready to capitalize on the impending bull market. Meanwhile, this sector is expected to expand into a $3.5 trillion industry by 2028.
DePIN: AI’s Rising Star
In a recent analysis, renowned cryptocurrency analyst Miles Deutscher came onto the scene with a strategic expose that sheds light on DePIN as a cryptocurrency coin. He believes DePIN will be a major beneficiary in the AI sector.
DePIN, short 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 receive token rewards. Covering multibillion-dollar hardware markets including cloud storage, computing power, and wireless sensor networks, DePIN is poised to make a significant impact.
With the AI sector expected to reach a massive industry value of $3.5 trillion by 2028, Deutscher positions DePIN as an attractive choice in the evolving AI-related cryptocurrency landscape.
Previously, Messari predicted that DePIN could add $10 trillion to global GDP over the next 10 years, with the potential to reach $100 trillion a decade later,” Deutscher explained, explaining that DePIN’s growth It highlighted the significant economic impact expected.
Best DePin Coins to Choose
Deutscher also cited a list of outstanding projects within the DePIN sector, including Akash Network (AKT), Render Network (RNDR), Aethir Cloud, Filecoin (FIL), Arweave, and ATOR Protocol as standout projects.
According to Deutscher, each of these projects adds something special and valuable to the changing way we think about distributed physical infrastructure.
As the cryptocurrency market gains momentum, Deutscher’s endorsement of DePIN positions it as an early competitor in the thriving AI sector. These insights provide investors with an opportunity to take advantage of companies that could play a significant role in the cryptocurrency space.