Top 5 DePIN Coins to Consider in August 2024

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Here are five DePIN coins to watch this August: 

  1. Lumerin (LMR) 
  2. Destra Network (DSYNC) 
  3. AIOZ Network (AIOZ) 
  4. StorX Network (SRX) 
  5. Storj (STORJ) 

Lumerin (LMR) 

Lumerin (LMR) uses P2P data transactions through smart contracts. Its price has risen 28% over the past week, pushing it above its 20-day exponential moving average (EMA). This indicator suggests a continued rally, with a potential target of $0.033. 

Destra Network (DSYNC)  

Destra Network offers a decentralized cloud solution, and its token, DSYNC, has jumped 33% in the past week. The token shows strong buying interest, reflected in its rising Relative Strength Index (RSI) of 65.14. If demand continues, DSYNC could reach $0.36, its previous high from May. 

AIOZ Network (AIOZ) 

AIOZ Network uses a decentralized node system for content delivery. Its token, AIOZ, has increased by 22% and is currently trading at $0.58. The price pattern shows an ascending channel, suggesting an upward trend. If this continues, AIOZ could hit $0.63; otherwise, it might fall to $0.53. 

Storj (STORJ)  

Storj (STORJ) is the native token of the Storj cloud storage platform. Its Market Value to Realised Value (MVRV) ratio is negative, indicating the token is undervalued. A surge in demand could push STORJ’s price from its current $0.43 to a potential target of $0.50. 

StorX Network (SRX)  

StorX Network’s token, SRX, has risen 10% in the past week, reaching a monthly high of $0.60. The Elder-Ray Index shows positive buyer strength. If this trend continues, SRX could aim for $0.62, a level last seen in October 2023.