The post Three Altcoins You Should Watch And Stack in September 2024 appeared first on Coinpedia Fintech News
Bitcoin is currently on a downtrend and is trading slightly above the $55k levels at the time of writing. Altcoins are also stuck in red with many even recording double-digit losses. However, analysts across the industry are stressing that this is the right time to buy the dip.
Analyst Altcoin Buzz opened up about promising altcoins within the decentralized physical infrastructure network (DePIN) sector. With a market cap of $17.8 billion, DePIN is becoming one of the important sectors in cryptocurrency.
Coin 1: Render
Render Network (RNDR) is a fully decentralized network offering GPU computing power, essential for AI programs to render images. Despite a 40% drop in the token’s value over the past three months, it has shown strength, being down only 8% in the last 30 days, outperforming most altcoins in current market conditions. For long-term holders, the token is up about 300% over the last year.
Coin 2: OriginTrail
OriginTrail (TRAC) focuses on decentralized AI and “decentralized truth,” a concept critical for verifying information across supply chains and manufacturing processes. Despite a 30-35% decline in the last three months, TRAC has offered a 150% return over the past year. With solid tokenomics (80% of its 500 million token supply circulating), OriginTrail remains a solid mid-cap investment in DePIN.
Coin 3: DIMO
DIMO is an emerging leader in connected car applications, focusing on DePIN characteristics to enhance security and data control for car owners. The platform is compatible with vehicles built after 2008 and offers real-time health checkups, helping users avoid expensive repairs. With a $35 million market cap and 233 million circulating tokens out of a 1 billion maximum supply, DIMO has shown promise, rising 45% in the past year despite broader market downturns.