Top DePIN Tokens to Watch in the Current Market
Destra Network (DSYNC) Sees Double-Digit Surge, Eyes More Gains
Destra Network, a provider of decentralized cloud solutions, has seen a remarkable 33% increase in the value of its native token DSYNC over the past week. This surge in price has been supported by real demand for altcoins, as evidenced by the rising Relative Strength Index (RSI) currently at 65.14.
If the buying pressure for DSYNC continues, the next price target could be $0.36, reaching its highest price traded in May.
Lumerin (LMR) Trades Above Key Moving Averages
Lumerin (LMR), a base layer technology utilizing smart contracts for peer-to-peer data flows, has gained significant attention with a 28% price increase in the past seven days. The price rise has pushed LMR above the 20-day exponential moving average, indicating increasing buying pressure and potential for continued price appreciation.
If LMR sustains its upward trend, the price is expected to rise to $0.033.
AIOZ Network (AIOZ) Trends within an Ascending Channel
The AIOZ network, a decentralized platform for secure content delivery, has witnessed a 22% price increase for its native token AIOZ in the last week. AIOZ’s price has formed an ascending channel on the 1-day chart, reflecting a strong uptrend with the potential to reach $0.63 if the current momentum is maintained.
However, a reversal in trend could see AIOZ’s price drop to $0.53.
STORJ Flashes Buy Signal
STORJ, the token for open-source cloud storage platform STORJ, has signaled a buy opportunity with negative Market Value to Realized Value (MVRV) ratios. Currently, STORJ’s MVRV ratios relative to its moving averages are -3.05% and -40.12%, indicating potential undervaluation and a buying opportunity.
If demand for STORJ surges, the next price target could be $0.50, representing a 16% increase from its current trading price of $0.43.
StorX Network (SRX) Climbs to a Monthly High, Gears for More Challenges
StorX Network, a decentralized cloud storage platform, has seen a 10% price increase in the past week, reaching its highest monthly price. With a positive Elder Ray Index suggesting strong bullish bias, SRX’s price target could be $0.062 if the buying trend continues.
Transitioning to the next month, SRX could aim for its highest traded price in October 2023 at $0.062.
