The past month hasn’t been kind to crypto investors, with Polkadot and TRON on a bearish trend, much like the rest of the cryptocurrencies. Some believe it’s due to the Bitcoin halving, but others are doubtful since, historically, Bitcoin halvings have resulted in price increases.
Either way, Polkadot and TRON investors are rushing to DeeStream, an innovative digital video streaming platform that has entered its second presale stage. The platform’s clear purpose and broad appeal make it highly interesting to investors, as it will likely provide a safe harbor and returns as high as 50X.
What you'll learn 👉
Polkadot DOT Slides Big in One Month
Polkadot DOT dropped 33% over the past month, going from $10.16 to $6.9, which is a significant slide. Despite showing a somewhat bullish trend over Q1 2024, it’s back to being a bear, as was the case for most of 2023.
Even year over year, this cryptocurrency has only seen gains of 2.18%, which is very disappointing, particularly in the world of cryptocurrencies.
In fact, a 2% gain would be seen as underperforming even for stocks. And considering that Polkadot’s all-time high was $55 back in November 2021, this crypto has gone way past underperforming.
And things don’t seem to be expected to improve all that much since analysts don’t think the crypt will exceed $7 by the end of the year. Then again, things could change significantly after the Bitcoin halving, so we will have to wait and see how Polkadot performs in a market unaffected by such a major event.
TRON TRX Loses Some Ground
TRON TRX saw some interesting gains over the past year, going from $0.06 to $0.11, which represents a 70% gain. However, it’s interesting to note that it hit a high of around $0.14 in February, only to drop by approximately 22%.
TRON’s all-time high was in January 2018, breaking the mold since most cryptos seem to have hit their high in 2021. At that point, TRON was trading for $0.23. Clearly, it has not mustered sufficient interest to climb to nearly those levels again.
In terms of predictions, analysts don’t expect much. A little volatility is predicted, but it’s looking like TRON is expected to bounce between $0.11 and $0.14 for the rest of the year. TRON currently has a market cap of $9.8 billion, a trading volume of $472 million, and a total supply of 87.6 billion tokens.
DeeStream Attracts Investors Looking for Safety and Massive Gains
DeeStream is set to take the digital video streaming world by storm simply by doing its job right. Instead of trying to dictate what creators can and can’t say, DeeStream will let consumers decide what they want to watch. In other words, creators can say whatever they like as long as it’s legal.
That puts DeeStream miles ahead of its competition and is also why it attracts so many investors. Trading at a mere $0.06 in stage 2 of its presale makes it attractive. However, what makes it irresistible is its clear purpose and broad appeal. It’s not for developers, specialists, or big companies—it’s a platform targeting normal people with a service everyone can understand.
That’s why analysts are expecting massive gains. Investors see it as a safe harbor that will be unaffected by events such as the Bitcoin halving.
For more information on DeeStream and its presale, please visit the website here.
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