Presales are the best opportunities for investors to enjoy the exclusive perks of a new project. Through their presale, several cryptos made their way to the top of the crypto charts. The amazing profit potential presales provide is why Ripple and Dogecoin investors are interested in a new crypto-based streaming platform.
DeeStream combines streaming with DeFi through its profit-focused ecosystem and ongoing presale. Let’s explore why DeeStream is making waves and contending with major platforms in the streaming industry.
Ripple Raises Investor Concern After Spontaneous Token Release
Ripple has again deviated from its usual schedule of releasing XRP tokens from its escrow wallet. On April 1, 2024, only 500 million XRP tokens were unlocked, a significant reduction from the standard 1 billion tokens. Interestingly, 12 hours later, Ripple returned 800 million XRP into its escrow wallet.
This unusual behavior has become more noticeable in recent months. Since February 2024, Ripple has veered from its traditional practice of releasing the full 1 billion XRP tokens at the beginning of each month. Instead, the tokens have been released spontaneously. Its investors speculate that transaction failures might have caused these irregularities. However, April’s transactions were processed without any issues.
Despite its significant return of XRP to escrow, the token’s price hasn’t seen a positive impact. Ripple enthusiast Mr. Huber expects a price decline of 83% for the XRP, especially after these events.
Dogecoin Goes Bullish Due to Increase in DOGE Addresses
The Dogecoin market is currently experiencing increased attention from large-scale investors. This has been attributed to the increase in addresses holding large amounts of Dogecoin. The addresses with 10M to 100M Dogecoin units rose from 520 to 551 in less than two weeks. As a result, the price of Dogecoin has surged from $0.14 to $0.18.
Despite the recent upward trajectory, Dogecoin witnessed a slight fall in its Relative Strength Index (RSI) from 80 to 79. However, it remained above the typical overbought threshold of 70. This means that investors should expect a Dogecoin bullish phase soon.
As Dogecoin grows, its investors are excited about their investments skyrocketing. This excitement has caused them to seek out other possible investment prospects. Out of these prospects, one project that stands out in the market is DeeStream.
DeeStream Aims to be the Best DeFi-based Streaming Platform
DeeStream is the first decentralized streaming platform whose significance goes beyond mere decentralization. Its ecosystem is designed to ensure an unparalleled experience for streamers and viewers in the crypto industry. Content creators and fans can find a secure and rewarding home within the DeeStream platform.
In an industry that giants like Twitch usually dominate, DeeStream offers a refreshing alternative. On the platform, content creators have full autonomy over their content and inconsistent rules and unfair bans are non-issues.
Streamers can also receive gifts through various means on the platform. Meanwhile, viewers can enjoy watching their favorite creators while having the opportunity to earn rewards.
Deestream’s native tokens, DST, are currently valued at $0.055 during stage 2 of its live presale. its stable ecosystem and projected growth have gained recognition from Ripple and Dogecoin investors.
Find out what’s up with the DeeStream presale by visiting the website here.
The post Ripple and Dogecoin Investors Heavily Commit to DeeStream’s Stage 2 Reinforcing Its Position as a Top Streaming Presale appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing.
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