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Solana dipped significantly over the past month, a fact that many attribute to the upcoming Bitcoin halving despite historical evidence to the contrary. As a result, Kusama and Decred investors are turning to DeeStream, which promises significant gains.
DeeStream is a platform with a purpose, meaning it is less reliant on market sentiment since its underlying asset is more than just a fancy financial instrument. As a decentralized video streaming service, DeeStream will have revenue sources beyond what the market is willing to invest, making it a highly attractive proposition to investors.
Kusama Dips and Expectations Aren’t Spectacular
Kusama is like a sandbox for developers to test blockchain ideas that could go live on Polkadot later. It’s akin to an experimental playground where developers can try things without worrying about real consequences. Since it’s faster and cheaper, innovators use Kusama to see if their new blockchains actually work before launching on the more stable Polkadot network down the road.
Since it’s largely targeted at developers, it’s not surprising that Kusama hasn’t been performing extremely well in the markets lately. For example, over the past month, Kusama has lost 38%, and on an annual basis, it has lost 15%.
It did have a short period of gains, during which it hit a high of $59, but it seems it was unable to keep those gains as it is currently trading at around $32.
And expectations from analysts are somewhat tempered, with Kusama expected to continue hovering around the $32 price point for the rest of the year. In 2025, some analysts believe it might get to $33.6, but no higher than that.
Decred Loses All Q1 Gains
Decred is another platform largely targeted at specialists. It uses a hybrid system of proof-of-work mining and proof-of-stake voting to drive decentralization and decision-making on upgrades.
The goal is to have a self-funding, self-governing blockchain that gives more control and voting rights to users who actively participate and hold coins, avoiding control by miners or developers alone. It sounds like it’s aimed at the layperson, but the average investor might have trouble understanding its functionality.
The market reflects this fact as the cryptocurrency currently trades at $20.7, which is 4.63% below the $21.85 it was trading at one year ago. It did climb to a high of approximately $32 in March, but it lost all its gains in the past week, suggesting the market has little faith in this particular cryptocurrency.
Again, some people speculate that the Bitcoin halving is to blame for this dip in most cryptocurrency prices, but one has to wonder since, historically, the halving has led to prices rising.
DeeStream: A Reliable Platform with a Purpose Is Drawing in Investors
DeeStream is a platform people understand since it’s a video streaming service. Basically, it’s going to be the decentralized version of YouTube and Twitch. Well, with the caveat that it isn’t going to ban creators for simply sharing an opinion that is contrary to the mainstream, which YouTube has become famous for doing.
Essentially, DeeStream plans on being the decentralized version of X (formerly Twitter), meaning that creators can say whatever they want, as long as it’s legal. When you combine that with attractive revenue splits (50/50 for presale token holders), low fees, and instant payouts, it’s not a surprise that DeeStream has already built up an impressive user base.
And that’s precisely what’s attractive to investors. After all, a real competitor to YouTube is truly needed, and DeeStream is clearly poised to be it. This platform is currently in stage 2 of its presale and priced at $0.06, which is incredibly attractive due to the potential 50X returns, which is why investors are jumping aboard so they don’t miss out.
