Decentralized oracle provider Chainlink (LINK) went within a whisker of breaking past a key psychological and resistance level of $20 in the past 48 hours of trading. On the other hand, everything has gone wrong for Monero (XMR) after being delisted from Binance. This highlights the importance of diversifying into low-cap projects with the serious potential to generate outsized gains. One of those projects is DeeStream (DST), the first decentralized live streaming protocol. Learn why crypto observers believe it could be among the best performers of 2024.
Dogecoin (DOGE) Fading Into Irrelevance
Dogecoin (DOGE) originated as a satirical digital currency inspired by a widely recognized internet meme. While this has given Dogecoin (DOGE) its share of dedicated fans—and triggered its astronomical run in 2021—as of 2024, it’s all Dogecoin has going for it. Meme coins like Dogecoin still have a place in the broader world of crypto, but DOGE’s massive market capitalization doesn’t make it an enticing investment opportunity. That is reflected in Dogecoin’s poor price action over the past year, down 1.23% in the past 12 months.
Ethereum (ETH) Gas Fees Hindering Mass Adoption?
Despite the limits imposed by its high gas fees, Ethereum (ETH) is still the leading platform for smart contracts. Ethereum’s dominance is rooted in its first-mover network effects. Ethereum (ETH) is losing market share to newer, faster, and cheaper L1 platforms like Solana (SOL) and Avalanche (AVAX) in 2024, but its status as the dominant L1 blockchain is in no danger of being dislodged anytime in the near future. Ethereum (ETH) has seen an 8.4% increase in the past week, with ETH token prices trading at $2,482 as of February 9th.
DeeStream (DST) Presale Hits the Ground Running in February
Dogecoin (DOGE) and Ethereum (ETH) holders alike are queuing up for one of the hottest presale events of the year with the launch of DeeStream (DST)—the world’s first and only decentralized live streaming platform. DeeStream (DST) is an exciting newcomer to the live streaming business. With its unique open approach to the medium, it plans to change the multibillion-dollar streaming business as we know it. DeeStream’s stage 1 presale has seen massive capital inflows, with the platform’s DST token being sold for a remarkably low price of $0.035.
Analysts in the market think this is a great time to get into DeeStream (DST) because the prices may never be this low again. According to crypto analysts, DeeStream could trade at a 1,500% gain in 2024, given the massive interest as evidenced by 3,500+ presale registrants and counting. DeeStream is on the verge of a major breakout in 2024—and Dogecoin (DOGE) and Ethereum (ETH) holders know it. Don’t miss out on a potential blue chip crypto.
