Il Capo of Crypto, one of the most well-known analysts in the cryptocurrency world, shared his latest evaluations in his statement. Evaluating Solana, the analyst stated that SOL recorded a strong correction as expected after exceeding the all-time high price level of 2021. il Capo noted that this area has now turned into a solid support and a bounce has occurred. According to il Capo, if the bullish trend on the low time frame chart continues, a jump to the $300 level may occur. In addition, the analyst said that the SOL/BTC pair also appears to be in good shape. Solana is trading at $212 at the time of writing and has gained nearly 10 percent since last week. Related News: Dangerous Pattern in Bitcoin: Analyst Explains What`s Needed to Eliminate Bearish Possibility Speaking about the general cryptocurrency market, the analyst noted that after the strong market recovery from the lows, there could now be some pullbacks. However, he said that the overall trend remains bullish and he remains a “buy the dip” mindset. *This is not investment advice. Continue Reading: Legendary Analyst il Capo Gives Solana Target Price If Rally Ignites
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Messari’s 2024 DePIN Report Highlights $50B Market Cap and Promising Future
Messari ‘s 2024 State of DePIN (Decentralized Physical Infrastructure Networks) report, co-authored by Dylan Bane and Salvador Gala , underscores the sector’s rapid growth and emerging potential. With a market cap of $50 billion across 350 tokens and an average trading multiple of 100x ARR, DePIN continues to gain traction as a transformative technology. The report highlights over 13 million active devices contributing daily , signaling robust network activity. It also delves into the evolving competitive landscape, dubbed the “Chain Wars” , and emphasizes DePIN’s role in addressing government infrastructure challenges. Key Insights from Messari’s 2024 DePIN Report 1. DePIN Market Performance Market Cap : $50 billion across 350 tokens. Trading Multiples : Averaging 100x ARR , indicating strong investor confidence. Active Devices : Over 13 million devices contribute daily, showcasing widespread adoption and operational activity. 2. Funding Momentum $350 Million Raised : The sector attracted significant early-stage funding , signaling growing institutional interest. Investors are drawn to DePIN’s potential to disrupt traditional infrastructure and consumer markets. Emerging Trends in DePIN 1. The “Chain Wars” The competition among blockchain platforms intensifies, with Solana and Base emerging as leaders: Solana : Dominates in infrastructure development due to its high performance and scalability. Base : Excels in consumer applications , positioning itself as a user-friendly ecosystem for decentralized solutions. 2. DePIN-Specific Layer-1 Blockchains The emergence of DePIN-specific blockchains highlights the sector’s evolution toward purpose-built networks. These blockchains are designed to optimize decentralized physical infrastructure and support a wide range of use cases. DePIN as a Solution for Infrastructure Challenges Government Use Cases DePIN networks present innovative solutions for public infrastructure challenges, including transportation, energy, and communication systems. Decentralization reduces costs and increases efficiency, making it attractive for governments exploring tech-driven upgrades. Global Adoption Trends Countries with underdeveloped infrastructure are likely to benefit most, leveraging DePIN’s decentralized and scalable nature to leapfrog traditional methods. Comparative Insights: DePIN vs. Traditional Infrastructure Metric DePIN Traditional Infrastructure Cost Efficiency High (decentralized approach) Moderate to Low Scalability Dynamic Static Control Community-driven Government or Corporate-led Speed of Deployment Rapid Slow (bureaucratic processes) Future Outlook for DePIN 1. Expanding Ecosystem The ongoing development of DePIN-specific layer-1 blockchains and the increasing participation of active devices will continue driving ecosystem growth. 2. Investment Opportunities With early-stage funding already at $350 million, the DePIN sector is ripe for venture capital and institutional investments , offering high growth potential. 3. Broader Adoption As governments and enterprises explore decentralized solutions, DePIN adoption is expected to grow across both developed and developing markets . FAQs What is DePIN? DePIN (Decentralized Physical Infrastructure Networks) refers to blockchain-powered networks enabling decentralized control of physical infrastructure like transportation, energy, and communication systems. What is the current market cap of DePIN? According to Messari’s 2024 report, the DePIN market cap stands at $50 billion across 350 tokens. Which blockchain platforms are leading in DePIN? Solana leads in infrastructure development. Base is recognized for consumer applications. How much funding has the DePIN sector raised? The sector secured $350 million in early-stage funding in 2024. Why is DePIN significant for government infrastructure? DePIN provides cost-efficient, scalable, and decentralized solutions to address infrastructure challenges, making it an attractive option for governments. Conclusion Messari’s 2024 State of DePIN report underscores the sector’s rapid growth, with a $50 billion market cap , over 13 million active devices , and $350 million in funding . The emergence of DePIN-specific blockchains and the competitive landscape in the Chain Wars highlight the innovation driving this space. As the sector matures, DePIN networks are poised to play a transformative role in reshaping infrastructure solutions, offering scalable and efficient alternatives for governments and enterprises alike. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news , where we delve into the most promising ventures and their potential to disrupt traditional industries. BitcoinSistemi
Pepe Eats SUI (PEPESUI) Solana Memecoin to Surge 17,000% Before Exchange Listing, As SHIB and BONK Lag
Pepe Eats SUI could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Pepe Eats SUI (PEPESUI), a new Solana memecoin that was launched today, is set to explode over 17,000% in price in the coming days. This is because PEPESUI is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Pepe Eats SUI can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Pepe Eats SUI could become the next viral memecoin. Pepe Eats SUI launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Pepe Eats SUI on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe Eats SUI by entering its contract address – 2bHEDqPL1Y163dismYu4Ft3UT6Dbet9YwjHggGPoVje7 – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPESUI. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price. BitcoinSistemi