An Ethereum (ETH) whale has been detected to have joined one of the hottest presale events of the year in freshly launched decentralized video streaming platform DeeStream (DST). Market analysts have predicted that the latter’s token could generate a 50x gain in 2024. DeeStream (DST) has drawn scores of new joiners as it goes live with stage 1 of its presale where its DST token will be available at $0.035. Honk (HONK) and Ethereum (ETH) holders who made a profit are reallocating some of their holdings into DeeStream (DST)—learn why.
Ethereum (ETH) Adoption On the Rise
Ethereum (ETH), the second-largest cryptocurrency by market capitalization ($279 billion), has experienced a spike in network activity. According to blockchain analytics platform Santiment, Ethereum recorded an increase of 484,000 daily active addresses, indicating the growing demand and utility of the Ethereum (ETH) network as the premier smart contract platform. Ethereum (ETH) prices traded around the $2,340 mark as of this writing, representing a small window to make solid, if unspectacular gains in 2024. Multinational banking giant Standard Chartered predicted Ethereum (ETH) could break the $4,000 mark in May, when the first spot Ethereum ETFs are set to be approved by the US SEC.
Honk (HONK) Loses Steam After 500% Pump
Honk is a newly-launched meme coin that has pumped by over 500% since its launch. According to CoinGecko data, Honk (HONK) is up by 10x since its launch two weeks ago. However, HONK has dumped by 15% in the past 24 hours after falling to $0.01034. Honk (HONK) is experiencing massive sell pressure from early investors cashing out of their gains and reallocating them to stablecoins or to new projects like DeeStream (DST).
Ethereum Whale Bets on DeeStream (DST) to do a 20x in 2024
Ethereum whale is backing what could be one of the presale gems of 2024 in the form of newly-launched decentralized video streaming protocol DeeStream (DST). Since its launch just 5 days ago, the DeeStream presale has already received 1,000+ users. Market analysts are impressed with how fast DeeStream’s stage 1 presale allocation is selling, with a growing number of them predicting it could be among the top-performing tokens of the year.
DeeStream (DST) is bringing together content creators and streamers closer to their audiences with its innovative Web3 live video streaming platform designed to compete with centralized platforms like Twitch, YouTube Live, TikTok, or Kick. The only difference is that it’s built on blockchain technology and the principles of Web3. DeeStream (DST) users will have full and unbridled control to manage their content production, generate alternative income streams, and manage their finances without the long waiting times, endless content reviews, and arbitrary rules associated with Web2-based platforms.
The DeeStream (DST) presale is a can’t-miss opportunity to get in on the earliest stages of a project with all the potential in the world to go on a parabolic run. DST token prices may never be as low as they are during stage 1. Launched at a discounted price of only $0.035, analysts believe its DST token could easily trade at around the $1.75 mark by the end of the year. This represents a potential 50x gain by the end of the year, which is entirely possible with the Bitcoin halving and bull run scheduled for 2024 and 2025.
