Ethereum (ETH) $3K mark is a good sign for crypto markets while DeeStream (DST) takes more Litecoin (LTC) investors
Ethereum (ETH) broke past the $3,000 resistance level as at press time, which could spark an imminent altcoin market rally. However, not all altcoins will be winners as far as price action is concerned, especially Litecoin (LTC) holders who are expecting their holdings to moon in value. But altcoins that are undervalued, or better yet, in their presale stages, have virtually limitless price appreciation potential when the next bull market comes around.
One of those early-stage opportunities is DeeStream (DST), which industry observers believe could capture a significant portion of the multibillion-dollar live streaming market—and send the platform’s native DST token to the moon in 2024.
Litecoin (LTC) Slips Below $70
Litecoin (LTC), created in 2011 as a fork of Bitcoin (BTC)—but with the block size to support fast, efficient, and low-cost transactions. Litecoin (LTC) has, in fact, surpassed Bitcoin (BTC) in terms of the latter’s intended purpose as an electronic peer-to-peer cash system, with record numbers of wallets and transactions as of 2024. Here’s the paradox, though: just because Litecoin (LTC) is one of the few coins people actually use doesn’t mean its price will go up. Nobody holds either Litecoin (LTC), Bitcoin Cash (BCH), or Monero (XMR) because of their utility as payment methods—the “moon potential” is all 99% speculation.
Ethereum (ETH) Breaks Past $3,000 Yet Again
The positive trend in Ethereum (ETH) was confirmed on Tuesday as the price hit $3,000, its highest level in almost two years. One possible explanation for the recent price increase is the growing belief that the SEC will soon approve a spot Ethereum (ETH) ETF, similar to Bitcoin. The second-largest cryptocurrency, Ethereum (ETH), is predicted to reach $3,300 by the end of February, according to certain industry watchers. As of February 22nd, Ethereum (ETH) was trading at $3,022, breaking the $3K range yet again. The runway is clear for the next leg up—but will Ethereum (ETH) take off?
DeeStream (DST) Presale Offers Major Gains at a Low Price Point
DeeStream (DST) is a blockchain-based, decentralized live broadcasting network with three unique characteristics. This company was formed by video content makers and customers who were frustrated with industry problems.
These include unfair content promotion, escalating platform costs, censorship, and high monetization limits. Thus, DeeStream (DST) was created as a value-sharing live streaming service that empowers users and artists through its innovative incentive systems.
DST is a cryptocurrency that can be traded outside the live streaming service. Creators and viewers can earn it through the platform. Finally, DST can stake tokens for passive income. DST will also entitle holders to participate in protocol governance, besides earning staking rewards and revenue sharing earnings, and vote on platform upgrades. DeeStream (DST) uses fair algorithms to promote all streams on its censorship-resistant blockchain network.
Market analysts predict that DeeStream (DST) could be in line for exponential growth as content creators and their audiences migrate to the platform and drive up buying pressure for its DST token—indicating anywhere between a 20x to 40x growth from its current launch prices of $0.04. Sounds good? Join the DeeStream (DST) presale whilst it’s still cheap.
Find out more about the DeeStream (DST) presale by visiting the website here
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Credit: Source link
