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As the second quarter of 2024 beckons with pivotal events like the Bitcoin halving and potential Ethereum ETF developments, DeeStream emerges as a standout for growth potential, contrasting with anticipated challenges for USDT and FIL.
The second quarter of 2024 seems to be a jam-packed period that investors will have to navigate. There is the Bitcoin (BTC) halving on one end and the potential approval or rejection of a spot Ethereum (ETH) ETF in the U.S. It promises to be a wild ride for investors who anticipate the bull run to go in full swing.
With that in mind, analysts are predicting promising growth for DeeStream (DST) while hinting at potential setbacks for Tether (USDT) and Filecoin (FIL). With volatility expected to continue shaping the landscape, investors are closely scrutinizing these digital assets and positioning themselves accordingly.
Filecoin achieves remarkable storage milestone
Filecoin, a decentralized storage network, posted on X on March 25 that it has reached new storage milestones of 2.1 EiB data onboarded and 7.6 EiB raw byte data capacity. This achievement for Filecoin underscores the growing demand for decentralized storage solutions and Filecoin’s pivotal role in meeting this need.
At the time of writing, Filecoin has a price of $9.65, a 16.88% increase from the past month. Zooming the graph further shows that Filecoin is struggling. Filecoin has fallen from a high of $11.73 on March 9, leaving analysts predicting that the cryptocurrency could face further resistance in Q2 2024.
OKX delists Tether in Europe
Reports show that crypto exchange OKX has halted support for Tether trading pairs in the European economic area. This development was shared via images on the X social media platform, revealing that Tether USDT trading pairs are being removed from the exchange. Tether is the largest stablecoin in the crypto sector with a market cap of $104.5 billion at the time of writing.
In light of the removal of Tether trading pairs, OKX has announced plans to introduce over 30 new euro spot trading pairs. The reason for the delisting remains unclear but could be attributed to new stablecoin rules. Tether is no stranger to legal battles and analysts predict that the stablecoin could be in for a difficult time in Q2 2024.
Analysts predict DeeStream is poised for growth
The second quarter is around the corner and analysts are pointing out that DeeStream will be poised for significant growth. DeeStream has been touted as one of the leading cryptocurrencies to buy in 2024 due to the opportunities it offers to investors.
As a decentralized streaming platform, the exclusive benefits of using DeeStream include instant payouts for content creators, lower fees, and freedom of speech. This is important as the majority of streaming platforms have been accused of not respecting freedom of speech.
As DeeStream continues to generate hype, investors are buying DST tokens in stage 2 of its ongoing presale.
Find out more about the DeeStream presale by visiting the website.
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This article first appeared at crypto.news
