PEAQ Surges Amid Robotics Crypto Boom
As analysts continue to weigh in, investor interest in tokens with a robotics focus has increased in September. Leading the charge, PEAQ, a notable altcoin in the industry, has increased by about 90% since the month began. The robust rebound indicates growing interest in robots and related technology, even though PEAQ’s market value and trade volume are still modest when compared to other prominent cryptocurrencies.
PEAQ Leads Robotics and DePIN Adoption Trends
Robots and decentralized physical infrastructure networks (DePIN) are key components of the Machine Economy, which PEAQ, a layer-1 blockchain, was created especially to enable. At first, the project was acknowledged as a competitor in the DePIN and RWA domains. CoinMarketCap and CoinGecko, however, categorized it with a few other projects of a similar nature under the new heading of “robotics” because of its distinct application focus. The initiative reported 2.1 million users and almost 3 million machines in its ecosystem by the third quarter. Both human and machine growth charts show that adoption has accelerated since the year’s commencement.
PEAQ is leading the trend in Robotics and DePIN. DePIN brings devices and machines online, offering goods and services, building the supply side of the Machine Economy. Robots are becoming the main physical actors, tapping into goods and services powered by DePINs. peaq is the infrastructure DePINs and Robots run on. peaq is the backbone of the Machine Economy
Leo, one of the project’s builders
PEAQ’s Price Rally Accelerates with Record Trading Volumes
Market data indicates that investors’ interest in this layer-1 altcoin is growing in tandem with ecosystem expansion. PEAQ has reached a 90-day high of $0.11, according to data. Its price has increased by around 90% since early September. Technical analysts contend that the conditions for a possible comeback to its all-time high of over $0.7 were formed by breaking through the $0.1 barrier. The volume of trading also increased. According to CoinMarketCap, daily activity increased from less than $10 million in August to over $40 million.
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