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Bitcoin’s rally past $50k sparks investor interest in DeeStream, with DOT and XRP communities eyeing its streaming industry potential.
Amidst the ongoing crypto bullish rally catalyzed by Bitcoin’s (BTC) surge past $50k, we delve into the market dynamics of Polkadot (DOT) and Ripple (XRP), closely examining the behavior of their respective investor communities.
Of particular interest is the growing attention directed towards DeeStream (DST), a novel blockchain initiative poised to reshape the landscape of the streaming industry. We delve into this project’s features and value propositions.
Stalling price momentum for Polkadot
Polkadot has experienced a notable 5.42% surge over the past week, climbing from $7.19 to $7.58. This increase suggests that the token may have capitalized on the recent bullish market sentiment prevailing over the past few days.
However, a closer examination of its price trends reveals a potential slowdown, as evidenced by a modest 2% uptick over the past month and a significant decline in trading volume.
Legal battle with SEC adds uncertainty for Ripple
The price of Ripple has surged by over 5% in seven days, climbing to $0.5495. The token continues to benefit from the ongoing bullish market trend.
Moreover, while many other cryptocurrencies have experienced reduced trading volume, XRP has seen increased volume traded over the past few days. This uptick suggests that the possibility of Ripple reaching $1 this year cannot be ruled out.
However, XRP’s bullish momentum occurs amidst an ongoing legal battle with the SEC, adding uncertainty to its future price trajectory. Investors closely monitor developments related to the lawsuit, particularly updates expected on Feb. 20.
DeeStream empowers its users through decentralized governance
DeeStream (DST) stands out as the first web3 platform with a fully decentralized model, aiming to empower users through decentralized governance. Currently, 23% of global viewing time is dedicated to live content, and 42% of individuals in the USA engage in live streaming.
Streamers benefit from instant deposits, withdrawals, and lower fees than conventional platforms. They can earn from their fanbase through Dee gifts, gifted subs, and packages without fear of censorship as long as their expressions adhere to legal boundaries.
Fans are equally incentivized, participating in rewards programs and earning crypto for completing tasks and reaching milestones. Moreover, users contribute to platform enhancements through suggestions and voting, ensuring a thriving ecosystem.
For investors seeking diversification, DeeStream (DST) offers an enticing opportunity. Its stage 1 presale is underway, priced attractively at just $0.035, presenting a more appealing proposition than Polkadot (DOT) or Ripple (XRP).
Beyond potential gains, presale investors enjoy revenue sharing based on holdings. Token holders influence platform direction, engaging in key decision-making processes and proposing platform modifications. Early entry into such projects often yields significant returns, making DeeStream (DST) a compelling choice for seasoned investors. To explore this exciting opportunity, visit the DeeStream (DST) website.
Find out more about the DeeStream presale by visiting the website here.
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This article first appeared at crypto.news
