After a blasting stage 1 presale, DeeStream is expecting major gains this Q2 in its stage 2 presale. On its way to becoming the biggest streaming platform, DeeStream is attracting many investors, including those of Polkadot and Litecoin.
In this article, we will discuss how DeeStream is revolutionizing the streaming industry and the recent price behavior of Polkadot and Litecoin.
What you'll learn 👉
Polkadot looks weak near its support
With the whole crypto market in correction mode, Polkadot is also showing bearish momentum in the short term. Currently, it is down nearly 29% from its peak during the last crypto rally we witnessed. The $8.4 level is acting as immediate support for the coin, while below it, major support can be seen at the $6.5 level.
The RSI is currently standing at 39.2 level which is close to its oversold area of 30, meaning we can soon see good support from the buyers coming and the reversal could also occur. Both the major support and 200MA will act as strong support for Polkadot on the downside.
However, the coin’s different use cases have made investors more optimistic about the market. Some crypto experts have predicted that Polkadot’s price might reach up to $10 in 2024. They attribute this potential rise to Polkadot’s innovative project, expanding ecosystem, and supportive community.
Litecoin hasn’t broken its 20MA yet
Litecoin hasn’t been affected much by the recent market downturn. The fact that it hasn’t fallen below its 20-day moving average indicates its price strength. It’s only dropped about 9% from its recent peak. However, unlike other cryptocurrencies, Litecoin hasn’t shown a significant surge in price during the recent rally. Since the beginning of the rally, it has only increased by around 60%.
For many years, Litecoin has held the position of the third-largest cryptocurrency by market value. It’s been around for over nine years and has remained successful for most of that time. Even now, it continues to be one of the top 30 cryptocurrencies in terms of market capitalization.
Litecoin prices usually go up or down along with Bitcoin because they have a strong connection in their price movements over time. If Bitcoin keeps going up in value during 2024, as it has been, then it’s probable that Litecoin will also increase in value following the same trend.
DeeStream is a candidate for the leader in the streaming industry
DeeStream is in stage 2 of presales, offering tokens at a tempting price of $0.055. With over 17,000 users and more than 3,200 investors, DeeStream is witnessing growing enthusiasm from the community. Moreover, it offers features like decentralized decision-making, reward schemes, and clear transactions, making it an appealing investment opportunity.
DeeStream is a platform that combines elements from popular sites like YouTube and Twitch. It aims to lead in the market by focusing on key values: Transparency, Quick Payments, Community Control, and Low Fees. DeeStream generates income through ads, platform charges, and subscriptions. It ensures fair profit-sharing among initial token holders, encouraging a strong community bond.
Find out more about the DeeStream presale by visiting the website here
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