bullish

Bittensor

Billion

Helium

Coin

Decentralized Physical Infrastructure Networks (DePIN) are the top trending crypto narratives to explore in the crypto landscape. Many enthusiasts from all backgrounds want to get a ride in one of the top DePIN coins available. 
For a quick understanding,&nbsp;DePIN&nbsp;coins or projects include decentralized real-world infrastructure ecosystems; these include projects like cloud storage, GPU rendering, and wireless internet access. 
The&nbsp;DePIN&nbsp;market has grown significantly in 20024, reaching $20.307 Billion in market capitalization. Likewise, the spot volume inflow of the overall DePIN market surged by 21% to $837.04 Million, reflecting rising demand. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="191" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-7-5-1024x191.png" alt="DePIN Projects Above $1 Billion | Source: CoinMarketCap" class="wp-image-683680" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-7-5-1024x191.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-7-5-300x56.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-7-5-768x143.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-7-5-1536x286.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-7-5-150x28.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-7-5-696x130.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-7-5-1068x199.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-7-5-1920x358.png 1920w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-7-5.png 2000w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
 Top DePIN coins Above $1 Billion Market Cap | Source: CoinMarketCap
 </figcaption>
</figure> 
The best DePIN crypto projects above $1 Billion are Helium (HNT), Bittensor (TAO), and Render (RENDER). 
<h2 class="wp-block-heading" id="h-is-helium-aiming-higher-in-the-depin-coin-sector">Is Helium Aiming Higher in the DePin Coin Sector?</h2> 
Launched in 2023,&nbsp;Helium&nbsp;Mobile has made remarkable achievements in the telecommunications sector. It has reinforced its position and has boosted investor confidence, which could drive the HNT price northward. 
HNT&nbsp;ranked 59th in the crypto landscape with a market cap of $1.130 Billion. It is up by 11% amid the current trend, reflecting high bullish interest. Its 24-hour trading volume jumped by 206% to $29.699 Million. 
In the past 50 days, after the declining channel breakout, HNT gained140%. It was trading at $7.019 at press time. 
HNT&nbsp;had a massive and robust northward run from the last quarter of 2023 to the first quarter of 2024. It took the asset price to a peak of $11.160 from the low of $1.410.  
<a href="https://in.tradingview.com/chart/HNTUSD/QBG1bC5R-HNT-had-a-massive-and-robust-northward-run/"></a><a href="https://in.tradingview.com/u/Sam_TCR/"></a><a href="https://in.tradingview.com/"></a>  
This turned out to be a falling wedge after the price breakout on July 15th from the upper border. 
Based on the recent performace, this month with 32% gains. The price seems optimistic for further growth based on increased bullish interest. 
<h2 class="wp-block-heading" id="h-is-tao-aiming-for-the-moon">Is TAO Aiming for the Moon?</h2> 
The&nbsp;Bittensor&nbsp;teams are working really hard, and the projects they are developing are astonishing. They have built products that are already available for many people to try. The products such as,&nbsp;Corcel, tradewithdale, and Bettensor. 
The Bittensor (TAO) spot volume inflow amounted to $75.416 Million, and the market cap was valued at $2.475 Billion. The advancement from the August 5th liquidity grab re-positioned&nbsp;TAO&nbsp;status as the 33rd largest crypto globally by market cap. 
Bittensor (TAO) has delivered extraordinary returns to investors, soaring over 1600% and reaching a peak of $755.02 between the last quarter of 2023 and the first quarter of 2024. 
However, beyond $755.02, it became a supply zone, restricting TAO’s gains, resulting in a retracement of more than 70% by the second quarter of 2024. This led to a significant profit-taking phase, eventually returning to its initial demand level by July 5th. 
Subsequently, the price saw a brief increase after July 5th, reaching the upper edge of a falling wedge pattern. Despite this, it encountered a hurdle at $358.58, causing another fall. 
On August 5th,&nbsp;TAO’s&nbsp;liquidity-driven spike led to a breakout from the upper boundary of the falling wedge, and now TAO struggles near $358.58. 
Therefore, surpassing the current hurdle, the short-term outlook exhibits the potential for price to go northward if the declining wedge pattern proves legitimate.  
<a href="https://in.tradingview.com/chart/TAOUSDT/21a9BRFg-surpassing-the-current-hurdle-the-short-term-outlook/"></a> <a href="https://in.tradingview.com/u/Sam_TCR/"></a><a href="https://in.tradingview.com/"></a>  
However, the peak invited sell-offs in March 2024, marking the beginning of the bearishness spell. The intense sell-off spanning over 150 days led to a narrowed plummeting wedge. 
<h2 class="wp-block-heading" id="h-can-render-show-further-price-growth">Can RENDER Show Further Price Growth?</h2> 
Recently, with a rebranding update from&nbsp;RNDR to RENDER, it focuses more on decentralizing GPU cloud rendering. It primarily functions by linking those required for rendering services with the owners of high-performance GPUs. That makes the process simpler on the cloud by easy access to services, swift compared to other solutions, and more cost-effective. 
2024 showed a northward recovery in the&nbsp;RENDER&nbsp;price by the first quarter but displayed a decline due to a giant sell-off from the YTD all-time high (ATH) of $13.62. Now, the price attempted to advance after reforming the previous demand zone of $4.7. 
The&nbsp;RENDER&nbsp;price traded near $6.13 at press time, with a market cap of $2.402 Billion. By market capitalization, it ranked 35th globally per its market cap. 
The overall price structure highlights that the price activity happened inside the wedge. The price of RENDER pierced the 20-day and 50-day EMAs after grabbing liquidity after August 5th.  
<a href="https://in.tradingview.com/chart/RNDRUSD/qjQwShkI-2024-showed-a-northward-recovery-in-the-RENDER/"></a><a href="https://in.tradingview.com/u/Sam_TCR/"></a><a href="https://in.tradingview.com/"></a>  
Now, it is struggling to move past 200-day EMA; it could be the next target once it breaches the upper border at $8. 
The post <a href="https://www.thecoinrepublic.com/2024/08/27/3-top-depin-coins-to-scoop-this-month-hnt-tao-render/">3 Top DePIN Coins to Scoop This Month: HNT, TAO, RENDER?</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.

3 Top DePIN Coins to Scoop This Month: HNT, TAO, RENDER?

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