Will 2024 be a bull run for investors? Two big things are expected: Bitcoin halving, which means fewer new Bitcoins entering the market and the possibility of the U.S. lowering interest rates later in the year. Now, investors who’ve been around the block and profited from recent market spikes are on the hunt for the next big thing in cryptocurrencies.
DeeStream, a streaming platform that works without a central authority, is one contender catching the eye. It’s being noticed by folks who already invested in Ethereum Classic and Filecoin.
What you'll learn 👉
Ethereum Classic Following the Ascending Trendline
Bitcoin usually influences other cryptos, and we can say that the whole crypto market. Currently, Bitcoin has been showing weak price action for the last three weeks. With the Bitcoin and overall crypto market, Ethereum Classic is also showing signs of weakness, but it has been taking support from the ascending trendline for a long time. This trendline is now working as support for Ethereum Classic.
Ethereum Classic enables the development of decentralized applications (DApps) across various sectors, such as gaming, supply chain management, and identity verification. Its censorship-resistant nature makes it ideal for projects requiring robustness against external interference. Furthermore, Ethereum Classic is a token creation and crowdfunding platform through Initial Coin Offerings (ICOs) or Security Token Offerings (STOs), fostering innovation and investment opportunities.
Filecoin at a Major Support Level
Filecoin is now trading at an important support zone bounce or brake, which can decide the direction of the coin. As one of the pioneering projects in the realm of blockchain-based data storage, Filecoin’s performance at this support level carries significant implications for its future trajectory. With its innovative protocol enabling users to rent out unused storage space in exchange for Filecoin tokens (FIL), the network plays a pivotal role in reshaping the digital storage landscape.
As market dynamics ebb and flow, the current positioning at a major support level prompts investors and enthusiasts alike to monitor developments closely. Whether Filecoin can withstand this test and rebound or succumb to further downward pressure remains to be seen, but its resilience and adaptability will undoubtedly be put to the test.
DeeStream: a Huge Competition for Twitch
In the dynamic world of online streaming, platforms continuously emerge, vying for attention and dominance. One such challenger that has risen to prominence is DeeStream, which is positioned as a significant competitor to Twitch. Founded by a team of passionate gamers and tech enthusiasts, DeeStream swiftly garnered attention for its innovative features, user-friendly interface and commitment to community engagement.
DeeStream (DST) is all about the users and its decentralized technology. It charges lower fees than other platforms and streamers can withdraw their money instantly. Right now, they’re in the second stage of their presale, offering their tokens at $0.06 each. This is a chance for people to invest early and be part of something new. DeeStream (DST) already has over 17,000 registered users and 3,200 investors, showing that people are interested and getting involved.
Find out more about the DeeStream presale by visiting the website here
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