Bitcoin (BTC) and Ethereum (ETH) are household names at this point in time, as evidenced by their gargantuan market capitalizations. However, their massive market caps literally “cap” their growth potential. While both big-cap coins can reasonably do a 2x to 3x in the next bull run, newer, low-cap gems like DeeStream (DST) is where the smart money is flowing for investors looking for the mythical gains. Learn why the so-called “Crypto YouTube” is making waves in 2024.
Capital Inflows into Spot Bitcoin (BTC) ETFs Pump Prices
The world’s largest cryptocurrency by market capitalization, Bitcoin (BTC), has experienced a notable surge of 12.5%, soaring from $44,510 to reach a weekly peak of $52,467 at the time of this writing. This upward trajectory coincides with a substantial influx of capital into the inaugural spot Bitcoin (BTC) exchange-traded funds (ETFs), marking a significant milestone in the cryptocurrency market. Despite the inherent volatility that is characteristic of cryptocurrencies, a considerable number of crypto investors remain optimistic about the long-term prospects of Bitcoin (BTC) following the approval of these pioneering ETFs.
While the surge in Bitcoin’s (BTC) price is anticipated to be driven by investments in ETFs in the foreseeable future, it’s essential to exercise caution and avoid placing undue faith in exaggerated predictions. While significant gains are plausible during this bull run, it’s prudent to temper expectations, with a projected doubling in value (2x) appearing more plausible at this juncture.
Ethereum (ETH) Up 9% in the Past Week
Ethereum (ETH) has seen a considerable increase as of the second week of February despite staying range-bound between $2,500 and $2,750—with a few forays past the $2,800 range. As of February 11th, Ethereum (ETH) was changing hands at $2,498, staying well within its recent price ranges even after recording a 9% spike in the past week. However, analysts predict an impending collapse in the coming days, and its failure to sustain token prices past resistance at $2,800 is indicative of its limits.
The “YouTube of Crypto,” DeeStream (DST), Poised for Big Year
Content creators are always on the end of a raw deal when producing and distributing their content on centralized platforms like YouTube, Twitch, or Kick. Worse, these platforms capture a disproportionate percentage of the earnings, despite the content creators drawing the audiences.
That’s where the “YouTube of Crypto” comes in. DeeStream (DST) is launching the first viable decentralized live streaming platform with a legitimate chance of dominating its own niche within the multibillion-dollar global live streaming industry. Besides the usual benefits of implementing Web3, such as being censorship-proof, decentralized, and immutable, DeeStream supports content creators the unbridled freedom to engage with their audiences and leverage limitless income streams with its native token.
Thus far, the DeeStream presale is on pace for a sellout, with over 4,000+ users onboarded as of 15th February. The early buy-side pressure is an indicator of a project that could skyrocket in price and value in 2024. Market analysts believe DeeStream (DST) could produce outsized ROIs ahead of the next bull run given its unique and innovative value proposition, making it one of the best investment opportunities of the year.
Find out more about the DeeStream (DST) presale by visiting the website here
