This April, one of the most exciting events in the crypto space is set to happen. The Bitcoin halving event occurs roughly every 4 years and has historically resulted in positive sentiments in the general market. In this article, we discuss the market dynamics of Cardano and Stellar and the effects this event might have on their price trajectory.
We also discuss DeeStream, a novel project that’s attracting the attention of Cardano and Stellar investors due to its significant growth potential.
What you'll learn 👉
Cardano investors expect $1 as the halving event draws near
Cardano is on a downward trajectory as its price has fallen 12% from $0.66 to $0.59. Over the past month, its price has fallen 18.5%. However, trading volume is green, rising 30% in the past day alone. While Cardano might still fall further in the coming days, the trading volume trend indicates recovery by mid April.
Since 2022, Cardano has struggled to reach $1. Investors are expectant that this will happen this April as the Bitcoin halving event is less than 20 days away. This is not too unlikely as the token’s monthly high is $0.80.
Despite the optimism among some investors, others are still moving into other promising opportunities. DeeStream has stood out as one of the emerging opportunities to benefit significantly from the Bitcoin halving event in Q2. Analysts are projecting 75x returns while Cardano investors shift huge investments into its presale.
Stellar also set to benefit from Bitcoin’s halving event wave
Stellar has also recorded negative price movements, albeit less severe. It has fallen 5% in the past week from $0.136 to $0.130 and 3% in the past month. Its trading volume trend is also positive but just 5% in the past few days. In late March, it seemed as if Stellar had recovered from its market downturn but the trend reversed as April began.
Stellar is also set to benefit from the Bitcoin halving wave. During the last rally in early March, most tokens reached yearly highs but Stellar could not reach that milestone. Stellar investors are not only setting their sights on a yearly high milestone this time but are hoping for the token to set a new all time high. The last time Stellar did this was in 2018.
Stellar investors are excited about DeeStream’s prospects and are already moving big investments into its presale.
DeeStream is setting the path for online free speech
There are already numerous projects focused on solving problems in the blockchain space. More progress can only be achieved when blockchain and web3 technology are applied to problems in traditional industries.
DeeStream is setting the path for others through its novel decentralized streaming platform. It aims to extend the features of Twitch and Kick with its fully decentralized model. At the moment, the live-streaming market is valued at $160.55B but is projected to be worth $247B by 2027. The market is ripe for DeeStream.
Investors can join the ongoing presale to participate in this exciting ecosystem. It is currently in its second stage with tokens offered at a discounted price of $0.055.. Presale investors are the major drivers of DeeStream and participate in key decision making processes. They also earn income from platform fees in proportion to their holdings.
Find out more about the DeeStream presale by visiting the website here.
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