DOGE, SHIB whales eye DeeStream amid rising streaming market

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Amid a flourishing streaming market and crypto bull run, DeeStream (DST) attracts attention from Dogecoin and Shiba Inu investors as it enters stage 2 of its presale launch.

Investors are making outsized returns from meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) in just a few weeks. These meme coins are riding the general wave of price growth across the crypto industry. And industry speculation suggests that the bull run has just started.

Bitcoin (BTC) has broken three price records already in 30 days. It broke the pre-crypto winter record of $68,000 and set a new one at $70,000. And then it broke that and rose to $72,000 and then to $73,000. Ethereum (ETH), Avalanche (AVAX), Filecoin (FIL), and other crypto projects are also rising.

This spike in enthusiasm has also led crypto investors to expand their portfolios with newcomers in the industry. These crypto projects are launching this year with the promise of outsized returns. DeeStream (DST) is one of them, and investors in Dogecoin and Shiba Inu are looking in its direction.

You might also like: DeeStream garners attention from Cardano, Litecoin holders

Memecoin investors shift from DOGE to DeeStream

Dogecoin investors want to add more crypto assets while eyeing the DeeStream presale. They see DeeStream as a vehicle for growing their funds and changing the streaming industry. DeeStream has the first-mover advantage as the only decentralized streaming platform.

Dogecoin trades for $0.16 today. It has increased since it sold for $0.0811 a month ago and then for $0.1559 a week ago. Buyers who rode the early waves of price growth have made some profit in 30 days.

Dogecoin has its total token supply in circulation, numbering 143 billion tokens. Dogecoin has a daily trading volume of $3.61 billion with a market cap of $23 billion.

You might also like: Crypto surge continues: DeeStream presale ignites Ethereum and Bitcoin markets

Shiba Inu shareholders seek DeeStream

Shiba Inu currently trades for $0.00002875. A month ago, Shiba Inu sold for $0.00000945 and $0.00003161 a week ago.

Shiba Inu has a market cap and diluted market cap of $17.1 billion. And the Shiba Inu meme coin has a daily trading volume of $2.28 billion. But Shiba Inu has a staggering supply of 589 trillion tokens. This is perhaps why its investors seek opportunities with higher return ceilings.

DeeStream presale gets investors excited

DeeStream has entered stage 2 of its presale launch, and the project already has over 2,500 investors and over 14,100 user sign ups. Shareholders of Dogecoin and Shiba Inu are already trying to get in on the deal. The incentive structure of DeeStream guarantees governance rights and revenue share for investors who buy in during the DeeStream presale.

But then, other factors encourage shareholders of other crypto projects to buy into DeeStream. The most significant factor is the product-led approach of the DeeStream project. DeeStream DST is a decentralized streaming platform allowing better interaction between fans and streamers.

Find out more about the DeeStream presale by visiting the website.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.