Market
5 DePin Altcoins to Add to Your Portfolio in June 2024
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Decentralized Physical Infrastructure Networks (DePIN) have emerged as a groundbreaking sector. With several projects taking clear strides to be the best within the category.
These projects aim to decentralize and democratize the internet’s infrastructure layer, creating immense potential for growth and innovation. Here are five DePIN projects that show promising technical setups and could be valuable additions to your portfolio.
Render (RNDR)
Render coin (RNDR) is the lifeblood of the Render Network, a special DePIN platform that utilizes blockchain tech to connect artists with unused processing power from other people’s computers.
Imagine you’re an artist working on a project that requires intense 3D rendering, like creating special effects for a movie. Traditionally, this would necessitate a powerful computer, which can be expensive. The Render Network lets you tap into the unused graphics processing unit (GPU) power of other computers on the network. Folks lending out their GPU power earn RNDR tokens in return.
Render’s market cap fluctuates around $3.8 billion, ranking it the 31st largest cryptocurrency by market capitalization.
RNDR Technical Outlook:
Render’s price has shown strength over the past two months, rebounding from a major correction to the $6 level and now trading at $10. The key support level is the 1D Ichimoku cloud, as shown in the chart.
If the price breaks below the cloud, it could present a good buying opportunity for RNDR.
Read More: Render Token (RNDR): A Guide to What It Is and How It Works
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Render (RNDR) is currently trading at $10.01. The key resistance levels are $10.78, $11.30, and $13.99. These levels mark significant points where the price has previously struggled to break through. On the support side, the immediate support level is at $9.03, indicated by the EMA line.
Other crucial support levels are $8.26 and $5.28, the latter offering a major buying opportunity if the price dips this far. The 1D Ichimoku cloud shown in the chart acts as a key support zone, and a break below this cloud could present a good buying opportunity for RNDR.
Phala (PHA)
Phala Network is a DePIN blockchain-based cloud computing service that focuses on privacy. Unlike traditional cloud services, where your data resides on someone else’s servers, Phala offers a way to perform computations on your data without ever revealing the data itself.
This is achieved through a combination of advanced cryptography and specialized hardware.
Phala’s market cap fluctuates around $134.8 million, making it the 398th largest cryptocurrency by market capitalization. This is a highly significant low-cap cryptocurrency to consider investing in, though it also carries higher risk.
PHA Technical Outlook:
Phala’s price has sharply declined from $0.37 to $0.16 and is now trading at $0.1857. Currently, the price is below the daily Ichimoku cloud. If it manages to break above the cloud, it could present significant upside potential for investors.
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Additionally, if the price breaks below the 200 EMA in green, this could lead to a further price correction, as the price is currently consolidating and finding the 200 EMA as an important support level. Monitoring these levels will be crucial for making informed investment decisions.
Nosana (NOS)
Nosana is a DePIN crowd-computing platform built on the Solana blockchain. It functions by connecting individuals with spare CPU power on their devices to projects that require a computational boost.
In return, people contributing their CPU power earn NOS tokens, the platform’s native cryptocurrency.
Why is Nosana Important?
Nosana offers a unique take on cloud computing with a couple of key advantages:
- Democratized Access to Processing Power: Projects requiring intensive computational resources can access them through a distributed network, making powerful computing more affordable and accessible.
- Monetization of Unused Resources: Individuals with idle CPU capacity on their devices can generate additional income by renting it out to the network.
- Eco-Friendly Alternative: Nosana leverages underutilized personal devices, reducing reliance on large data centers that consume significant energy.
NOS Technical Outlook:
Nosana (NOS) is currently trading inside the 1D Ichimoku cloud. The price has tested the lower boundary of the cloud, which is a bullish sign, highlighting the importance of monitoring this technical indicator.
Read More: Is DePIN the Dark Horse of the Next Crypto Bull Run?

The EMA 100 D, shown in blue, is acting as a major support level. A breakout below the 200 EMA could signal further price depreciation. Despite recent fluctuations, NOS remains an attractive coin within the Solana ecosystem.
JasmyCoin (JASMY)
Jasmy coin (JASMY) is the native cryptocurrency that fuels the DePIN Jasmy ecosystem. This project centers around the Internet of Things (IoT) and aims to empower users with control over their data.
JASMY Technical Outlook
Jasmy has gained 100% from May 26 to the present, leading to an overbought condition. We anticipate a correction to the $0.027 – $0.030 range, with the 4H Ichimoku cloud being a key level to watch. Although the uptrend may continue, investing at current prices presents a risk.
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Waiting for the 4H Ichimoku cloud correction could be a wise move for prudent investors.
Jasmy coin has flipped many cryptos in the market cap ranking, making it the 68th largest crypto by market capitalization, currently fluctuating around $1.7 billion.
Golem (GLM)
Golem Network is a decentralized platform that disrupts the traditional way we access and share computing resources. In essence, it acts as a giant online marketplace for computational power.
How Does Golem Network Work?
Golem Network functions through a peer-to-peer (P2P) system connecting two types of users:
- Requestors: Individuals or projects need extra computing power for tasks like scientific simulations, 3D rendering, or artificial intelligence (AI) training.
- Providers: People with unused processing power on their computers (CPUs or GPUs) can contribute that power to the network and earn Golem’s native token, GLM.
GLM Technical Outlook:
GLM is trading in a descending pattern, continuing its price correction from $0.66 to $0.47. The current price is $0.49, which could be a good point to invest in GLM long-term. If the price falls below the $0.47 support level, it could be very bearish and potentially send the price down to $0.45 or $0.40.
Read More: Decentralized Physical Infrastructure Network (DePIN) Projects to Watch in 2024
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This could present a very good opportunity to invest in GLM. If the price of GLM tests the daily Ichimoku cloud, it could be very bullish and increase volatility. Key resistance levels to watch are $0.60 and $1.
The $1 mark has never been reached, corresponding to a $1 billion market cap in the current circulating supply.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
3 Meme Coins to Watch For The Last Week of February 2025
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DOGEai, TST, and BROCCOLI are three meme coins drawing attention for the last week of February. DOGEai, launched on Solana, is up 110% in the past seven days, positioning itself as a leading AI meme coin.
TST remains one of the most popular meme coins on the BNB chain despite a recent correction. At the same time, BROCCOLI, inspired by Binance co-founder CZ’s dog, has also seen significant volatility.
DOGEai (DOGEAI)
DOGEai is an artificial intelligence coin launched on Solana. Its market cap is now $32 million, up 82% in the last seven days. This rise has positioned DOGEai as one of the most talked-about AI meme coins in recent days.
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DOGEai leverages multiple narratives, including Dogecoin’s popularity, the growing interest in DOGE (Department of Government Efficiency), and the broader AI cryptos trend. It defines itself as “an autonomous AI agent here to uncover waste and inefficiencies in government spending and policy decisions,” offering bill summaries and insights into government expenditures.
If the current uptrend continues, DOGEai could test the resistance at $0.048, with potential targets at $0.059 and $0.069. However, if a downtrend emerges, DOGEai has support at $0.030, and if that level is lost, it could drop to $0.018 or even $0.0092.
Test (TST)
TST has emerged as one of the most popular meme coins on the BNB chain, benefiting from the chain’s growing volume, which recently even surpassed Solana.
In the days following its launch, TST reached a market cap close to $500 million, then entered a strong correction phase. Its market cap has since dropped to $78 million.
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If the BNB narrative gains strength again, TST could benefit as one of its most popular meme coins and may test the resistance at $0.10. A breakout above this level could push TST to $0.20 or even $0.25 if buying pressure intensifies.
However, if TST fails to regain strong upward momentum, it could test the support at $0.0719 and potentially drop to its lowest levels since February 9.
CZ’S Dog (BROCCOLI)
BROCCOLI was launched a few weeks ago after Binance co-founder CZ revealed his dog’s name, sparking a flood of BROCCOLI tokens on the market.
The largest of these tokens quickly surged to a $249 million market cap in its early days but has since dropped to $52 million.
Like TST, BROCCOLI benefited from the recent rise of the BNB ecosystem but has since entered a strong correction phase. It is down 40% in the last seven days.
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If the downtrend continues, BROCCOLI could test support near $0.04, and a break below this level could push it to its lowest price since launch.
However, if the BNB ecosystem and meme coins regain traction, BROCCOLI could benefit, especially given the popularity of dog-related meme coins like Dogecoin and Shiba Inu. In this bullish scenario, BROCCOLI could rise to test the resistance at $0.113.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Ethereum Rollback Debate Intensifies After Bybit Hack
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The crypto community is divided over calls for an Ethereum blockchain rollback following a massive security breach at Bybit.
On February 21, the exchange lost nearly $1.5 billion in ETH to hackers, sparking discussions about whether Ethereum should intervene to recover the stolen funds.
What is a Blockchain Rollback?
A blockchain rollback, also known as a reorganization, involves reversing confirmed transactions to restore the network to an earlier state.
This process usually happens after a major security breach or exploit. Validators must reach a consensus to discard the affected blocks, effectively erasing the malicious transactions.
Despite its potential benefits, a rollback remains a controversial and rarely used measure due to its impact on a blockchain’s trust and decentralization.
Blockchains operate on the principle of immutability, meaning transactions are expected to be final once confirmed. So, rolling back transactions challenges this principle, raising concerns about the security and reliability of the network.
Crypto Leaders Clash Over Ethereum Rollback Proposal
BitMEX co-founder Arthur Hayes has been vocal in advocating for a rollback to solve the ByBit hack. He pointed to the 2016 DAO hack, where Ethereum underwent a hard fork to recover stolen funds, as precedent.
Hayes argued that since Ethereum previously compromised on immutability, another intervention should not be off the table.
“My own view as a mega ETH bag holder is ETH stopped being money in 2016 after the DAO hack hardfork. If the community wanted to do it again, I would support it because we already voted no on immutability in 2016,” Hayes said.
JAN3 CEO Samson Mow also supported the rollback, stating it could prevent North Korea from using the stolen funds to fund its nuclear weapons program.
However, not everyone agrees. Pseudonymous crypto trader Borovik strongly opposed the idea, arguing that a rollback would jeopardize Ethereum’s credibility and neutrality.
Bitcoin advocate Jimmy Song also dismissed the possibility, stating that the Bybit hack cannot be compared to the 2016 DAO exploit. Song emphasized that the DAO hack allowed for a 30-day intervention, whereas the Bybit attack is already finalized, making a rollback impractical.
“I know people are expecting the Ethereum Foundation to roll back the chain, but I suspect it’s already too much of a mess to do it cleanly,” Song added.
Meanwhile, Ethereum supporter Adriano Feria introduced an alternative perspective. He argued that Bybit could have avoided this situation by using a Layer 2 (L2) solution with conditional reversible transactions.
According to Feria, blockchain technology needs some form of reversibility to ensure real-world adoption.
“Whether through social recovery or another pre-determined, immutable, and transparent decision-making process, real-world mass adoption will not work without reversible transactions. Without this capability, transactional activity will inevitably gravitate toward TradFi systems that already provide it,” Feria stated.
This debate raises a fundamental question for Ethereum: should it prioritize immutability or intervene in extreme cases?
While some see a rollback as a necessary response to an unprecedented loss, others fear it could undermine the core principles of decentralization. Ethereum’s next steps will likely shape its long-term credibility and trust within the crypto space.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Berachain (BERA) Falls 15% After Recent Rally Surge
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Berachain (BERA) is down almost 15% in the last 24 hours, with its market cap now at $778 million, although its price remains up nearly 20% over the past seven days. This sharp pullback comes after a strong rally between February 18 and February 20, when BERA reached levels above $8.5.
BERA’s Relative Strength Index (RSI) has dropped from overbought levels, signaling a loss of bullish momentum, while its Directional Movement Index (DMI) shows growing bearish pressure. As BERA navigates this correction phase, it faces key support at $6.1, with potential resistance levels at $8.5, $9.1, and $10 if bullish momentum returns.
BERA RSI Is Dropping Steadily After Touching Overbought Levels
Berachain Relative Strength Index (RSI) is currently at 50.6, down sharply from 86.7 just two days ago when its price surged above $8.5. RSI is a momentum oscillator that measures the speed and change of price movements, ranging from 0 to 100.
It is commonly used to identify overbought or oversold conditions, with values above 70 indicating overbought levels and below 30 suggesting oversold territory.
The steep decline in BERA’s RSI reflects a significant loss of bullish momentum after reaching overbought levels above 86, where a correction was likely.
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With RSI now at 50.6, BERA is in a neutral zone, suggesting that buying and selling pressures are relatively balanced.
This could indicate a period of consolidation as the market digests recent gains. If RSI continues to decline below 50, it could signal increasing bearish momentum. This could lead to a further price drop for BERA.
Conversely, if RSI stabilizes and begins to rise, it could suggest renewed buying interest and a potential recovery in Berachain price.
BERA DMI Chart Shows Buyers Are Losing Control
Berachain Directional Movement Index (DMI) chart shows its Average Directional Index (ADX) currently at 50.5, after peaking at 60.2 yesterday, up from just 13.3 five days ago. ADX is an indicator used to measure the strength of a trend, regardless of its direction, ranging from 0 to 100.
Values above 25 typically indicate a strong trend, while values below 20 suggest a weak or sideways market. The sharp rise in ADX reflects a significant increase in trend strength, confirming that BERA has been experiencing strong directional movement recently.
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Meanwhile, BERA’s +DI is at 24.4, down from 48.4 two days ago, indicating weakening bullish momentum. Meanwhile, -DI has risen to 15.1 from 4.9, suggesting growing bearish pressure.
This shift signals that the bullish trend that drove prices higher is losing steam, and selling interest is beginning to increase.
If -DI continues to rise above +DI, it could indicate a bearish crossover, signaling a potential reversal or deeper correction in BERA’s price. However, if +DI stabilizes and moves upward again, it could suggest a continuation of the uptrend, albeit with reduced momentum.
Will Berachain Fall Below $6 Soon?
Berachain surged 53% between February 18 and February 20, pushing its price above $8.5 after the coin struggled following its airdrop. However, after this sharp rally, BERA entered a correction phase and is currently down almost 15% in the last 24 hours.
This pullback suggests profit-taking and a shift in market sentiment as buyers hesitate to push prices higher. If the downtrend continues, BERA could soon test the support at $6.1, and a break below this level could lead to a further decline towards $5.48, reflecting increased selling pressure.
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On the other hand, if Berachain can regain its bullish momentum from a few days ago, it could rise above $8.5 again, potentially testing the next resistance levels at $9.1 or even $10.
To confirm this bullish scenario, Berachain would need to see renewed buying interest and strong upward momentum. If buyers can defend key support levels and push the price above resistance zones, it could indicate the continuation of the uptrend.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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