Decentralized Physical Infrastructure Networks (DePin) are transforming the tech by enabling decentralized projects in real-world infrastructure.

Here’s the latest in the DePin sector: Chirp celebrated two full years of operation and announced its game launch next week, MapMetrics released quality-of-life improvements for its navigation app, and Privasea is conducting a node sale with CVPad.

Chirp Celebrates Two Years

Chirp, the DePin network and IoT ecosystem, celebrated its second birthday on October 18. The firm’s announcement described 2022 and 2023 as years of fundamental construction: laying foundations, building partnerships, and beginning to expand its fledgling network. 2024, however, has been a year of launches, like the airdrop anticipating their CHIRP token’s launch:

“As we celebrate Chirp’s anniversary, we look to the medium and long-term, we are returning to our core vision: building the most innovative IoT solutions within an inclusive decentralized ecosystem. Our goal is to continue strengthening the Chirp network, ensuring that the CHIRP token is deeply integrated with our IoT solutions,” the announcement stated.

The announcement went on to ask, “what’s a birthday without presents?”. The present in question is Chirp’s long-awaited P2E DePin mobile game, which has an impending launch date. Specifically, this launch will take place next week, and users will immediately be able to earn CHIRP tokens. The firm also included an in-game screenshot to hint at its gameplay.

Read More: What Is DePIN (Decentralized Physical Infrastructure Networks)?

MapMetrics’ Key Improvements

MapMetrics, a “drive-to-earn” navigation app and GameFi token earner, has greatly enhanced several of its services. In an update for both Android and iOS users, MapMetrics rolled out several quality-of-life features and bug fixes for its navigation functions. These include filtering searches by city, new GPS functionality, and visibility for nighttime driving conditions.

Read More: Tap-to-Earn: What to Know About the Crypto GameFi Trend

In other words, MapMetrics’ updates focused on the app’s navigation features, not its token-earning platform. The firm wishes to ensure that MapMetrics remains a “top-tier navigation tool”, which will help attract and retain users of the GameFi aspects. Additionally, it will continue prioritizing “a stable and refined experience” in future updates.

Privasea’s Node Sale

Privasea, an AI and DePin network, also announced another node sale through project launcher CVPad. This is one of several node sales from Privasea this year, and its August sale sold out in 48 hours. This sale will also feature an airdrop component, such that only these nodes will be eligible for an upcoming token airdrop.

Privasea works to combat fraud and ensure privacy in AI computations. With an impressive list of backers and $10 million in investor funding, the company’s ImHuman app employs its “Proof of Human” tech to verify users’ identities. Whitelisting for this node sale began on October 15, and will continue until October 28.

Bitcoin price extended gains above the $69,200 resistance zone. BTC is now correcting gains and trading near the $67,500 pivot level.

• Bitcoin struggled to test the $70,000 resistance zone and corrected some gains.
• The price is trading below $68,500 and the 100 hourly Simple moving average.
• There was a break below key contracting triangle with support at $68,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could start a fresh increase unless there is a close below the $66,500 zone.

Bitcoin Price Dips To Support

Bitcoin price remained supported above the $66,500 zone. BTC started another minor increase above the $68,500 resistance zone. The bulls were able to clear the $69,200 barrier.

However, there was no test of the $70,000 resistance zone. A high was formed near $69,428 and the price is now correcting gains. There was a minor decline below the $68,000 level. There was a break below key contracting triangle with support at $68,500 on the hourly chart of the BTC/USD pair.

The pair tested the $66,500 support. It is now consolidating above the 23.6% Fib retracement level of the downward move from the $69,428 swing high to the $66,564 low.

Bitcoin price is now trading below $68,500 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $68,000 level or the 50% Fib retracement level of the downward move from the $69,428 swing high to the $66,564 low.

The first key resistance is near the $68,750 level. A clear move above the $68,750 resistance might send the price higher. The next key resistance could be $69,200. A close above the $69,200 resistance might initiate more gains. In the stated case, the price could rise and test the $70,000 resistance level. Any more gains might send the price toward the $70,500 resistance level.

More Losses In BTC?

If Bitcoin fails to rise above the $68,000 resistance zone, it could start another decline. Immediate support on the downside is near the $67,000 level.

The first major support is near the $66,800 level. The next support is now near the $66,500 zone. Any more losses might send the price toward the $65,500 support in the near term.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $66,800, followed by $66,500.

Major Resistance Levels – $68,000, and $68,500.