Analysts suggest that Altseason 2024 is imminent or possibly already underway, with expectations that only specific projects will rise to prominence, potentially reaching nearly 100 times their current value in the future. However, it's important to note that this is speculation and not necessarily a definitive roadmap or timeline for their success.

The projects under discussion fall into two categories: AI and DePIN. Both have gained traction recently and are anticipated to experience multiple upswings in the future. Some projects with promising potential include Render (RNDR), Cudos (CUDOS), Akash Network (AKT), Arweave (AR), and Peaq Network (PEAQ).

Render Network enables users to contribute their unused GPU power, operating on Blockchain technology and powered by its native cryptocurrency RNDR. The concept is to support projects by rendering motion graphics and visual effects.

RNDR has a fully diluted valuation (FDV) of around $5.4 billion, with the token currently priced at $10.06, reflecting a 0.25% increase in the last 24 hours, and a market cap exceeding $3.9 billion at the time of writing.

CUDOS focuses on cloud computing, aiming to provide sustainable and scalable distributed resources. It emphasizes decentralization and scalability, connecting cloud and Blockchain technologies.

The utility token of the CUDOS ecosystem has an FDV of approximately $121 million, trading at $0.01532, up by 12.06% in a single day, with a market cap exceeding $89 million.

Akash Network operates similarly to CUDOS, connecting server owners needing computing power for applications with cloud computing resources available on the network.

AKT has an FDV of $1.26 billion, with the token valued at $5.18, showing a decline of 2.30% in the last 24 hours, and a market cap exceeding $1.2 billion.

Arweave provides decentralized data storage and hosting services, operating on an open-ledger system similar to Bitcoin.

AR has an FDV of $2.64 billion, with the token priced at $38.92, down by 2.56% in the last 24 hours, and a market cap exceeding $2.5 billion.

DePIN has developed the Peaq Network as a multi-chain layer 1 Blockchain, capable of scaling beyond 10,000 transactions per second (TPS) without compromising on minimal transaction costs of approximately $0.00025.

PEAQ is currently in the fundraising phase, with reports indicating that nearly $40.98 million has been raised so far.