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Avalanche (AVAX) has dominated the market for quite a while now. However, going by the market charts in the last week, this dominance may soon end. Investors are looking for the next big thing, possibly the next blue-chip cryptocurrency, and DeeStream (DST) seems to be the answer. The new streaming coin attracts interest and investors for other projects, including Stellar (XLM) and Tron (TRX). We would look at why we think DeeStream (DST) has been pulling in a lot of traders.
Avalanche (AVAX) Hits the Brakes
Avalanche has been snowballing recently, but it seems to have slowed. The coin, which has risen by about 19% in the last month, only turned in a 3.9% increase in the previous 7 days. Analysts are hopeful that Avalanche will break the $40 resistance level by the end of the month.
Stellar (XLM) and Tron (TRX) enjoy a rise in the market
Stellar (XLM) has been trading on a low volume recently. A token of Stellar (XLM) is currently trading at $0.1201, representing a 3.92% increase over the last 7 days, and should the coin continue to grow and break through the $0.1320 resistance, it might eventually rise to $0.1500.
Tron (TRX) has done more than 25.92% above its last month’s price and is currently trading at $0.142. Experts have an eye out for the coin that could drop to $0.132 by the end of the month.
While these coins are cheap and available, they do not give as much room for large profit margins as DeeStream, which could do 50x returns by the end of the year.
DeeStream (DST) is Pulling in Many
The video-streaming industry is expanding its boundaries, and DeeStream (DST) is leading its entry into the Web3 space. Experts expect this industry to rise above and beyond $247 billion by 2027. DeeStream (DST) stands as a pioneer in this industry, with a first-mover advantage that it is sure to leverage for massive gains in the coming years.
DeeStream is the world’s first decentralized streaming platform utilizing the power of blockchain technology to deliver a platform without the usual limitations of centralized platforms like YouTube and Twitch.
DST is a joy for investors. It is one of the cheapest investments, with a token selling for just $0.04. Presale token holders get early access to the platform’s features and the right to be a part of its governance. Presale token holders can share their thoughts on what is best for the platform and vote for upcoming changes to DeeStream.
The coin, which recently passed its audit, is expected to rise to millions when it fully hits the market. Liquidity is locked for life, which means it is safe for investors. DeeStream has a total supply of 300 million tokens, and with Stellar (XLM) and Tron (TRX) getting in, these tokens are selling out fast.
Find out more about the DeeStream (DST) presale by visiting the website here.
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Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
