Top Low Cap DePIN Coins for 2024

Forget about the memecoin season! It’s time to focus on a narrative that brings real value to its users.

Enter DePIN (Decentralized Physical Infrastructure Networks). Today, we’ll bring you the top low cap DePIN coins for 2024. But, before we begin, let’s look at what DePIN is.

Introduction to DePIN

Simply put, it refers to crypto projects that leverage physical resources. Some of these resources include, but are not limited to:

  • Computing power.
  • Online data/Cloud storage.
  • Virtual Private Networks (VPNs).
  • WiFi connections.

With the above, DePIN projects provide the blockchain infrastructure. In turn, this network improves the access and security of said resources. Alright! I hope you understand what DePIN projects are all about now. With this, let’s move on to the coins proper.

Coin #1 – $CUDOS

First, one of our top low-cap DePIN coins is $CUDOS. $CUDOS is the native token for the Cudos blockchain. In a nutshell, Cudos is a Layer 1 (L1) chain using the Delegated Proof-of-Stake (DPoS) consensus. With its chain, Cudos aims to provide decentralized cloud computing to its users. Aside from that, Cudos can support Decentralized Applications (dApps) too. These include Gaming, NFT, and DeFi projects.

With the $CUDOS token, you can access all of Cudos’ dApps on the chain. And, you can stake $CUDOS for a steady yearly return as well. As of now, $CUDOS has a market cap of $62 million.

Coin #2 – $JKL

Next on our list of top low-cap DePIN coins is $JKL. It’s the token for Jackal protocol, a decentralized storage project. To elaborate, Jackal provides on-chain access to hot storage for digital files. This storage is highly secure and self-custodial. This means that no one can tamper with your data. Not even the Jackal team themselves.

With the $JKL token, you can access the services and dApps on Jackal. It serves as a medium for transactions and rewards. On top of that, $JKL tokens are used for staking and governance voting. The current market cap of $JKL is $24.6 million.

Coin #3 – $KREST

Third on our list of top low-cap DePIN coins is $KREST. It is the native token for Krest, the canary network of Peaq. Both these L1 chains focus on optimizing for DePIN and Real-World Asset (RWA) projects. To elaborate, many developers launch their dApps on Krest first. Then, once everything is running smoothly, they launch their dApps on the Peaq network. In other words, Krest is to Peaq what Kusama is to Polkadot.

Here, $KREST has many use cases. First, it is an incentive token to reward builders on Krest. Second, it is used for transactions on Krest too. Last but not least, you’ll need $KREST for staking and governance on the network. Currently, $KREST’s market cap is at $12.1 million.

Coin #4 – $NCDT

$NCDT is the fourth entry on our list of top low-cap DePIN coins. $NCDT is the main token for Nuco Cloud, a cloud computing project. Its main product is Skynet, an app that enables its users to access unlimited computing power. What’s more, Skynet is secure and sustainable as well.

For its use cases, $NCDT serves as a transaction and payment token. In particular, the payments are for Nuco Cloud’s services. Moreover, you get a discount for paying in $NCDT instead of other cryptos or methods. As of now, $NCDT’s market cap sits at $10.4 million.

Coin #5 – $CLS

Coming in fifth on our list of top low-cap DePIN coins is $CLS, the utility token for Coldstack. Coldstack is the first decentralized cloud aggregator. It links you up with multiple cloud storage solutions like Filecoin, Arweave, and many more. Hence, users like you and me need not deal with complicated storage solutions. Coldstack makes this easier for us with its platform.

In the heart of its platform lies the $CLS token. Its use cases include:

  • Payments and transactions.
  • Rewards and incentives.
  • Communication between nodes.
  • Minting of NFTs on Coldstack.

As of today, $CLS’s market cap is at $3.6 million.

Coin #6 – $ARCHIVE

Our sixth token for today is $ARCHIVE, Chainback’s native token. Typically, crypto projects focus on either cloud computing or file storage. Here, Chainback does both. Furthermore, with its network, Chainback can democratize and scale both of these services.

Its $ARCHIVE token allows users to access Chainback’s services. Apart from this, it’s used for transactions, governance, and staking as well. As of the time of writing, the $ARCHIVE token sits at a fully diluted market cap of $2.6 million.

Coin #7 – $BBOX

Last on our list of top low-cap DePIN coins is $BBOX. This is the native token for BlockBox, a decentralized file storage project. BlockBox uses the latest InterPlanetary File System (IPFS) technology. Coupled with its blockchain, users can enjoy fast, reliable, and secure file storage.

With the $BBOX token, holders can benefit via revenue share on fees accrued on the BlockBox platform. Today, $BBOX’s fully diluted market cap is at $681,000.

Conclusion

Voila! That does it for our list of top low-cap DePIN coins! Indeed, the DePIN narrative is set to take flight as the focus on utility increases in crypto. Do keep an eye out for the above projects, amongst many others which will be bringing real value to its users.

Note: This article was inspired by this tweet.

Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.

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