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Filecoin (FIL) and Shiba Inu (SHIB) were among the biggest gainers in March, rising off the heels of Ethereum (ETH) and its run to $4,000 in the past several days. Many FIL and SHIB traders are profiting, as evidenced by the sharp price decline as of March 20th. It led astute crypto investors to where the capital would flow.
One of the projects receiving significant capital inflows from whales, including Filecoin and Shiba Inu whales, is DeeStream. Industry observers believe DeeStream (DST) could be in line for a 100x gain in the coming months. Here’s why.
Filecoin (FIL) Produces Serviceable Gains in March
Filecoin has been dishing out nice gains to short-term holders and traders, turning in a 23% gain in the past 30 days as it changed hands at $8.26 on March 20. The current chart of the FIL crypto is consistent with Ethereum’s rises and declines. With Filecoin playing a key role as the leading decentralized storage provider in the Ethereum ecosystem, it’s only logical that FIL derives most of its price action from the success of Ethereum.
Dogecoin (DOGE) Takes a Beating
OG meme coin Dogecoin took a beating in the past week, falling by almost 20% below its March highs. As of March 20, DOGE was trading at $0.1352, dropping out of the top 10 largest cryptocurrencies by market capitalization as of press time. At the rate it’s going, the memecoin could very well be outpaced by its main competitor, Shiba Inu (SHIB).
DeeStream (DST) Presale Stage 2 Goes Live Amid Massive Hype
DeeStream has launched stage 2 of its presale, offering early investors a chance to invest in a groundbreaking project using blockchain technology. The platform aims to empower content creators and users by providing uninterrupted content through a Web3-enabled streaming platform. DeeStream tokens will be available at $0.055, reflecting its mission to create an inclusive digital economy.
FIL and SHIB holders are among those taking out early positions in DeeStream due to its vision of building what could end up being the “YouTube of crypto.” Content creators can earn using the DST token and take a piece of the platform’s earnings. With the live streaming market set to reach $247 billion by 2027, DeeStream is poised for growth in 2024 and 2025. Don’t miss out on this opportunity to join the DST presale.
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.
