Critical Agenda: Meme Coins? Or DePin Cryptos?

Ethereum (ETH) has increased by approximately 30% compared to last month… Solana (SOL) is rising even more. There is also Dogecoin (DOGE), which increased from $ 0.11 to $ 0.39 within days.

Crypto is a unique industry where coin and token prices can skyrocket with jokes and gamified stories. This place is literally the Wild West.

Did you know that there is a coin called Peanut (PNUT) on the internet?

Peanut coin (PNUT) is up a ridiculous 1,340% in the past week alone.

This is madness in every sense of the word. Crazy, yes, but it also shows how excited crypto investors are right now.

Let’s come to my self-analysis, that is, my evaluations where I include my own experiences in the analysis…

We are on the verge of the biggest regulatory regime change ever in crypto asset status, both globally and in our country.

For the last four years, it has been basically illegal to start a legitimate crypto business in America.

Entrepreneurs who wanted to establish real businesses in this sector risked prison time. This put innovation on “pause.” At the RSA conference I attended in 2023, I would chat with traders and they would say things like, “I would love to develop coins, but I don’t want to go to jail.”

There was a constant barrage of regulators. Crypto banks were closed by the government. Founders and funds were sued. The protocols were subject to constant surveillance scans and inspections.

With no regulatory framework for launching real projects that create value, the only incentive was to develop speculative meme coins.

“Mememakers” can easily create and launch tokens. But entrepreneurs trying to build real products are treading in the choppy sand caused by regulators. Want to launch a dog token? No problem. Do you want to create real financial infrastructure? Here’s your subpoena.

That era has just ended. Donald Trump and the new pro-crypto Congress (consisting of both pro-crypto Democrats and Republicans) are a complete rejection of the anti-crypto people who have dominated the government in recent years. Think of it as taking the handcuffs off thousands of entrepreneurs at the same time. Expect the coming innovation surge to shock people who thought crypto was just about speculation.

I said from the beginning that I would not touch 99% of the tokens. Crypto, like every early-stage industry, is rife with scams. But you cannot help but see the potential that rules this entire game and changes the world.

Here’s an industry poised to thrive under the new regime – DePin.

To get more information about DePIN, you can find a guide article here.

DePin answers the #1 question on every crypto skeptic’s mind: What do we need blockchain for?

DePin is about solving real-world problems using blockchain.

And unlike most cryptos, I can re-explain how DePin projects work. For example, consider Hivemapper, which created the next Google Maps.

I love the Google Maps Street View feature. But wouldn’t it be even better if it was updated every day instead of once a year? This is the problem Hivemapper (HONEY) is trying to solve. It creates a vivid view of the world’s roads.

Hivemapper makes a 4K, high-resolution dashcam that anyone can buy and install, even in their rearview mirror. The camera automatically “maps” paths as you move around, collecting HONEY tokens in return. Hivemapper then feeds these images into its global map.

Hivemapper is one of my top picks for the most impressive Business crypto of 2024. More than 150,000 participants worldwide have thus created a current road map worth 330 million km. Hivemapper users have mapped more than a quarter of the world’s roads in less than two years! It’s growing 4 times faster than Google Maps did in its early days. And Hivemapper now counts three of the world’s top 10 mapping companies as customers. It has a real chance of breaking Google Maps’ monopoly.

Let’s look at another example;

Helium is another real-world crypto…Helium (HNT) has successfully built the world’s only global IoT network. He achieved this without laying a single cable or building a data tower.

Instead, Helium decided to sell hotspots (mini data towers) to people like you and me and pay them HNT tokens for providing internet coverage for their IoT devices. Today, Helium has 1 million access points deployed in more than 200 countries. Helium now goes beyond IoT devices. It recently rolled out US nationwide $20/month unlimited data, talk, and text cell plan powered by Helium’s 5G hotspots.

The number of Helium Mobile subscribers has increased 4 times since January and exceeded 115,000. Two of the top three cell providers in America are now leveraging Helium’s 5G network. 5G is extremely fast. Of course, there is a disadvantage; signals only reach short distances, which is a serious threshold. Building a dozen giant data towers to cover a city won’t work for 5G. Instead, every coffee shop and home needs a mini data tower. This makes 5G a perfect fit for Helium’s “grassroots” approach.

T-Mobile (TMUS) and Verizon (VZ) know this. So they “offload” traffic to Helium’s 5G network. These data giants “route” more than 60,000 people through Helium’s network on any given day. And that number continues to grow, as this chart shows:

This means more revenue for Helium. Its network charges over $150,000 a month, with 98% of charges coming from 5G customers.

last word

Blockchain is the greatest coordination tool ever invented. It enables individuals from around the world to achieve things that only monolithic companies could previously do. And they can do it cheaper and faster than ever before.

Let the final say be yours. Now that we finally have a pro-crypto government, would you rather invest (bet) in DePin cryptos with the potential to change the world or a meme coin?

Where is your safe space 🙂