XRP and Bitcoin traders looking at DeeStream
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XRP and Bitcoin (BTC) prices have been choppy. Amid this volatility, investors are looking at the DeeStream (DST) presale, which has over 3,000 sign-ups in stage 1.
XRP setbacks
Hackers made away with 213 million XRP belonging to Chris Larsen, the co-founder of Ripple and the Ripple Foundation.
At the same time, the U.S. SEC has asked Ripple Labs to reveal its financial records for 2022 and 2023. With this, the regulator will determine the possibility of a potential injunction.
Due to these events, XRP prices have been trading lower.
Bitcoin is choppy
Bitcoin posted marginal gains last week, adding 3%, trading between $41,500 and $43,000.
However, the uptrend momentum appears to be decreasing.
Since December 2023, Bitcoin has been struggling to rally, a cause of concern for investors.
Some analysts have dismissed a potential reversal pattern on the weekly chart, which makes the situation even more uncertain.
DeeStream presale picking steam
DeeStream is a decentralized video streaming platform.
Over 3,000 people have signed up for its presale.
Experts predict DST to rise from $0.035 to $1.75 in 2024, as seen from the rising interest in the ongoing presale.
DeeStream allows content creators to connect with their audiences and earn money from their content.
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