Shiba Inu (SHIB) and Cardano (ADA) holders are among the early participants taking up early positions in decentralized video streaming protocol DeeStream (DST). Market analysts link the development to flagging ADA and SHIB token prices, compelling holders in search of better gains to look into low-cap opportunities that are set to reach stratospheric heights in 2024. DeeStream is one of those—and market analysts believe its presale presents an ideal entry opportunity for prospective investors ahead of the Bitcoin halving and 2025 bull run.
Shiba Inu (SHIB) Holders Still In The Red in 2024
Shiba Inu holders continue to be in the red, with SHIB trading below -25% since the past year. The dog-themed meme coin has been struggling to break past the “five zero” mark in 2024, with SHIB trading at $0.0000089 for 9 months as of this writing. This has caused capital outflows from Shiba Inu into other projects where investors could recoup their losses. The bloom is truly off the rose for Shiba Inu in 2024—no one is making absurd predictions for SHIB anymore.
Cardano (ADA) Continues to Spin Its Wheels
Cardano hasn’t shown signs of breaking out its current trading range between $0.47 to $0.60 since January. Despite ADA gaining 4% in the past 24 hours, trading at $0.50, Cardano has continued to underwhelm. On the year, ADA is still down by -16.5% according to crypto aggregator CoinGecko. The lackluster price action is a continuation of Cardano’s relative underperformance compared to other large-cap coins.
DeeStream (DST) Sparks Interest from ADA and SHIB Holders
Shiba Inu and Cardano holders who “caught a falling knife” after buying on or around both cryptos’ all-time highs have a chance to reverse their fortunes with the launch of DeeStream (DST).
Market analysts believe DeeStream (DST), the first Web3 live streaming platform, could be in for a big year. DeeStream (DST) is building the premier decentralized alternative to conventional live streaming platforms like Twitch, YouTube Live, TikTok and Kick—and it’s looking to compete for a share of the $250B global streaming market in 2024. DeeStream gives content creators greater freedom to leverage the myriad of engagement and monetization options on the decentralized streaming platform, allowing them to take advantage of its instant payments and crypto-native functionality.
DeeStream (DST) is launching its DST token at a stage 1 presale launch price of $0.035, offering prospective investors an ideal entry point to get in before token prices increase throughout its 6-stage presale. Early investors will be in line to sit on profits even before DeeStream (DST) lists on exchanges. Another major incentive for early DeeStream (DST) investors is that they could earn passive income based on the number of DST tokens they hold. Market analysts predict DST could do a 50x and trade around the $1.50 range by mid-2025, when the bull market is expected to be in full swing.
With DeeStream (DST) expected to bring in droves of content creators to its decentralized streaming platform, the demand for DST tokens are expected to outstrip the supply. Don’t miss out on the chance to be at the absolute earliest opportunity to get in on a project with serious moon potential before it actually moons.
Find out more about the DeeStream (DST) presale by visiting the website here.