The post Which Are the Top DePIN Altcoins to Watch in December 2024? appeared on BitcoinEthereumNews.com.

As November ends and December 2024 begins, investors are likely to shift their focus toward portfolio rebalancing or exploring new altcoin opportunities. The Decentralized Physical Infrastructure Network (DePIN) narrative is gaining attention, making it a key sector to watch. Here are some top DePIN altcoins to keep an eye on. In this analysis, BeInCrypto discusses five top DePIN altcoins to watch next month, highlighting why these cryptos may garner a lot of attention in the market. They include Filecoin (FIL), Arweave (AR), Grass (GRASS), io.net (IO), and NetMind Token (NMT). Filecoin (FIL) Filecoin, which has a market capitalization of $3.44 billion, tops the list of DePIN altcoins to watch in December. For an altcoin that lost a chunk of its value during the second and third quarters, Filecoin has shown strength within the last 30 days. Over this mentioned period, the price has increased by 56.22%. However, it is still largely down from its all-time high, suggesting that it still has more room to grow.  From a technical point of view, the Awesome Oscillator (AO), which measures momentum, has continued to remain in the positive region. Typically, when the AO is negative, momentum is bearish. Filecoin Daily Analysis. Source: TradingView But when it is positive, it is bullish, which is the case with FIL. If this remains the case, the altcoin’s price might climb to $6.50 within the first few days in December. However, if momentum turns bearish, that may not happen, and Filecoin could drop to $4.96. Arweave (AR) Second on the list of the top DePIN coins to watch is Arweave, a project focused on a decentralized storage network. Over the last seven days, AR’s price has increased by 20.98%, making it one of the best-performing altcoins in the top 100. At press time, the token’s price is…

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Filed under: News - @ November 28, 2024 12:21 pm