DEX’s like Uniswap (UNI) and SushiSwap (SUSHI) have lost footings to low liquidity and front-running bots. Although they heralded a new age of crypto investment, investors have divested from them to newer blue chip projects. One such project is DeeStream’s (DST) innovative leap with its upcoming decentralized streaming platform. Experts have predicted a 50x gain for investors in its ongoing presale, making it one of the year’s best upstarts. Let’s find out why.
Uniswap (UNI) Price Slump Sees $2.2M Position Liquidated
Uniswap (UNI) started the year on a good note. However, analysts said the Uniswap (UNI) token is forming a head-and-shoulder reversal pattern and may grapple with this downturn for a long time.
Uniswap (UNI) had a rollercoaster ride last year. The bear market and its involvement in Richard Heart’s SEC trouble cast a shadow on the promising bull potential of its upcoming V4. $UNI fell below $5.8, with nearly $2.2M $UNI positions liquidated.
Currently, $UNI is trading at $6.25, with a 17% decline in 20 days. Market analysts are pessimistic, and investors’ sentiment is shifting to the DeeStream presale.
SushiSwap (SUSHI) Reeling in the Aftermath of Ledger Hack
SushiSwap (SUSHI) emerged as a distinct entity from Uniswap (UNI) with the aim of diversifying decentralized asset trading through automated market maker (AMM) mechanisms. Similar to its counterpart Uniswap (UNI), SushiSwap (SUSHI) experienced a substantial downturn over the past year, witnessing a decline from $1.63 to $0.52 in a span of less than 8 months.
In the subsequent year, 2023, SushiSwap (SUSHI) demonstrated signs of recovery, witnessing an upward trajectory surpassing $1.45. However, this positive momentum was curtailed when it suffered a setback, losing over 50% of its gained value following the Ledger Library hack that impacted various decentralized applications (dApps), including SushiSwap (SUSHI).
Since the aftermath of the hack, SushiSwap (SUSHI) has struggled to meet market expectations. Currently trading at $1.10, it reflects a decline of approximately 16% within the last 30 days, as reported by Coinmarketcap.
DeeStream: Decentralized Streaming Platform Launches Presale with Bullish Outlook
Over 23% of global viewing time is spent on live streaming, but many viewers are still fazed by heavy regulatory rules, bureaucratic regulations, and delayed creators’ payouts. However, DeeStream’s (DST) innovative streaming platform is finally cutting off these problems.
Backed by blockchain technology, DeeStream (DST) aims to provide an enabling environment for content creators to effectively monetize their content and connect with their fans.
With DeeStream (DST), you get Freedom of Speech while watching your favorite streamer worldwide. Creators can instantly sign up and earn Dee gifts, packages, and gifted subs. What’s more interesting is its lightning-fast payout. All these have attracted venture capitalists and investors to its newly launched presale, which is trading at $0.035.
Conclusion
Uniswap (UNI) and SushiSwap (SUSHI), once DeFi champions, have faltered due to a bearish outlook. In stark contrast, DeeStream presale promises 50x gains, attracting investors seeking refuge from DEX woes. DeeStream empowers creators with instant payouts, global reach, and freedom of speech, making it a frontrunner in the growing Web3 entertainment.
Find out more about the DeeStream presale at their official website.
