With the market for cryptocurrencies still witnessing dynamic shifts, the relatively sudden price surge with Solana (SOL) is what has caused speculation, with investors already eyeing the DeeStream (DST) presale among the potential big gainers of 2024. With Ethereum (ETH) and Litecoin (LTC) above, the unique features of DeeStream (DST) are especially good for each of its numerous content creators and investors.
Let’s see in more detail how the upward march of Solana (SOL) and the dynamics of the market affect the mood of the investors as the presale of DeeStream (DST) looks rather prospective.
Solana (SOL): Fueling Market Speculation
Notably, the price increase of Solana (SOL) continues to surge, with Solana (SOL) prices at 7.13% to $206.26, accompanied by a market cap of $91.56 billion. Even as the trade volume registered a slight decline, open interest in Solana (SOL) is signaling a surge in investors’ interest. However, the shorts have dominated liquidations in an attempt to lower losses. With $17.67 million liquidated over the last 24 hours, short traders continue to build up their positions. And long holders continue taking profits. That will mean the Solana (SOL) price has had enough room to further shake within the short time frame.
Ethereum (ETH): Navigating Correction
Ethereum (ETH), the largest smart contract and decentralized application blockchain platform, is correcting lower following a recent slump from $4087 to $ peak levels. With the coin trading at $3607, the market capitalization for Ethereum (ETH) is $432.9 billion. Volume was at $17.63 billion. But with sellers breaching the critical Fibonacci retracement levels, buyers will have to look for strong support near $3350 and $3125. The resistance levels of the coin will put its path at $4087 and $4220.
Litecoin (LTC): Assessing Market Trends
Litecoin (LTC) is demonstrating a 40% gain; however, an appeared corrective wave can frighten retail investors. A decrease in active addresses and the number of transactions reflects decreased interest and, together with bearish signals from the Exponential Moving Average (EMA) crosslines, is capable of forming a downtrend. Against the recent price spikes, declining network activity and increasing correlations with Bitcoin (BTC) and Ethereum (ETH), which are currently facing their own set of issues to maintain upward momentum.
DeeStream (DST): Embracing Decentralized Streaming
DeeStream (DST) is a streaming platform focused on its model of decentralized governance and user centric features. DeeStream (DST) also proposes instant payouts to content makers and clear, fair shares of viewers’ revenue. And, when talking about the presale, which goes at a price of $0.055 per token at Stage 2, there investors may find really alluring conditions.
Looking at DeeStream’s innovative platform set to showcase it’s POC design on the 24th of March and game changing features, it’s easy to see why it’s getting all the attention. Given that the global market of live streaming is still in its maturing phase, DeeStream’s innovative business approach sets it up for success in a segment rife with market speculation and dynamic shifts. DeeStream (DST) is poised to reshape the landscape of live streaming, offering a decentralized platform that fosters transparency, fairness, and innovation.
To learn more about the DeeStream (DST) presale and its transformative potential, visit the website today.
