Beating The Clock
Early Crypto investors have an advantage over time. How did they know? How did they gain the perspective of hindsight prematurely? In hindsight, investing in Crypto during its formative years was the single most brilliant move of our time. However, not only was it frowned upon, but early crypto investors were also laughed at. In other words, smart moves are usually not perceived as such when initiated. Wisdom is only accredited as such in hindsight.
Similarly, many mocked memecoins for the longest time. However, memecoin investors have been the top performers of this bull market so far. I have been an advocate of DOGE for a decade. However, I only adjusted my stance on memecoins about two years ago. I began to discern a future regarding speculative trades and adjusted to meet the market. Remaining flexible is key. The market changes and shifts direction continuously. Being able to keep in step is paramount to remaining relevant.
Never being an ETH fan, I adjusted my stance in 2019 as I perceived a decisive move was on the horizon for ETH. This played out well, with ETH eventually making up much of my portfolio. Regarding the current cycle, my attention is elsewhere. This is important… be willing to adjust, rebalance, and change your mind, even if only for a season. Listen to the market and endeavor to discover its next move. Alpha is always achieved by being early; it’s one of the non-negotiable dynamics and can always be identified as a key proponent of achieving alpha.
The DePIN Narrative
DePIN as a term and sector is still very young. It could be likened to DeFi in the early 2020s, with much of its growth and innovation still to be realized. There has been some initial hype with projects like Hivemapper and Grass. However, the sector as a whole is just getting started. Mining Bitcoin or even DOGE in the early days was a smart move. Why? Being an insignificant network at the time, Bitcoin could be mined on a laptop. There was no actual cost to mining Bitcoin.
Secondly, the number of mined coins increased due to astronomical valuations, making early Bitcoin miners the most intelligent crypto investors. This is how I envision the future of DePIN. Yes, tokenization and RWA will be massive. However, DePIN has an advantage that makes it a preferable alternative. Like mining Bitcoin in the early days, mining DePIN tokens now is easy and inexpensive. This is an advantage of DePIN that needs to be fully understood and appreciated. Realizing The potential now will be incredibly valuable in the future.
This is only the case if what is realized is acted upon. I have been writing about DePIN rather aggressively in 2024 and will continue dedicating much attention to this sector. DePIN lovers who begin aggressively mining everything DePIN they can get their hands on will be in a good position in years to come. Yes, not everything will succeed or perform as hoped. However, that’s where the law of averages comes in. The more you participate, the better your chances.
Here is a list of some of the most established new projects and a few up-and-coming potential moonshots. Remember, DePIN mining is not CPU-based. It’s easy, low-stress, and, in many cases, completely passive. By downloading browser extensions and dApps, you can begin mining the tokens tomorrow. In most instances, codes unlock additional tokens.
- Grass
- Kaisar Network
- Teneo – Code: 8cTvc
- Hivello
- OpenLoop
- Gradient Network
- DeSpeed
- Voltix
- Naoris Protocol – Code: v0NHp5YgGrgfKgU5
- Kage – Code:6f28f3f5
- MyGate
- Bless Network
- Nodepay
- Mysterium
- DeNet – Code: 0xcd5c8bafe8166fbc8ccba960a1071c99aac65238
- UpRock
- Salala – Code: 3a5401d6fb39
- Silencio – Code: CoinCollector
- Roam – Code: 19247104
- Coin
So, begin building your own DePIN network, which can eventually become an integral aspect of your portfolio.
Final Thoughts
It’s important to note that many of these projects allow multiple devices. If you have old laptops and phones lying around, put them to good use. Another node in your network means more tokens down the line. Mine and HODL. It’s that simple! What a fantastic opportunity! All the best, and I will see you next time!
Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
This article was first published on Sapphire Crypto.