Tron (TRX) and Ethereum (ETH) performed well last week, experiencing increases in their values. The DeeStream (DST) streaming platform drew attention due to its impressive ongoing presale. Tron (TRX) achieved a notable milestone, reaching a daily network revenue of $2 million. Ethereum (ETH) surpassed $3,000, providing satisfaction to long-term investors.
Amidst these developments, DeeStream (DST) is gaining prominence for video viewing and open communication. Emphasizing free speech appears to be a promising investment. For those interested, early investment opportunities to join this promising journey can be explored on their website.
What you'll learn 👉
Tron (TRX) Surges Amidst Record Daily Network Revenue
Tron (TRX) witnessed a surge in daily network revenue, reaching an all-time high of $2 million on February 20. This notable spike coincided with stablecoin issuer Circle’s decision to discontinue USDC on the Tron (TRX) blockchain. The protocol revenue on Tron (TRX) is generated through burned TRX tokens paid as transaction fees. On the mentioned date, 13 million TRX coins were taken out of circulation, possibly linked to USDC holders hurriedly withdrawing stablecoins due to fears of a de-pegging event.
In the aftermath of Circle’s exit from the Tron (TRX) network, there has been an 8% increase in daily active addresses on Tron (TRX), reaching 2.07 million accounts engaged in at least one trade. However, the number of new accounts has seen a decline of 3%, suggesting reduced demand for the blockchain network. Despite this, the surge in daily active accounts has led to a 4% increase in daily transactions on Tron (TRX), showcasing resilience amidst changes.
Ethereum (ETH) Holds Strong at $3,000 with Long-Term Holders’ Confidence
Ethereum (ETH) marked a significant milestone by reclaiming the $3,000 level twice within three trading days. Unlike Bitcoin’s weekly low, Ethereum (ETH) showcased resilience, retesting the milestone on February 22. Long-term holders’ conviction, measured by Santiment’s Age Consumed metric, indicates a decline in selling momentum among them. Despite reaching historic peaks, Ethereum’s long-term investors show greater confidence, possibly eyeing the next milestone of around $3,500.
The Age Consumed metric highlights a 61% lower selling momentum among long-term Ethereum (ETH) investors compared to the previous week. This decline in profit-taking suggests a major bullish signal, indicating that Ethereum’s breach of the $3,000 barrier has inspired confidence among existing holders. The forecast leans towards a breakout above $3,500, contingent on overcoming the sell-wall at $3,200. IntoTheBlock’s Global In/Out of The Money metric reinforces this outlook, pointing to a potential rapid rally towards $3,500 if the resistance is surpassed.
DeeStream (DST): Catalyst for Streaming Platform Growth
As Tron (TRX) and Ethereum make headlines with their respective surges, the streaming platform DeeStream (DST) emerges as a transformative force in video content consumption. With a commitment to freedom of speech and decentralization, DeeStream (DST) offers a unique platform for open conversations through features like peer-to-peer streaming and decentralized governance. As a disruptor in the market, DeeStream (DST) provides an appealing investment opportunity with its initial price of $0.04, aligning the interests of token holders with the platform’s long-term success. Explore DeeStream’s presale opportunities for a chance to be part of this revolutionary journey.
Find out more about the DeeStream (DST) presale by visiting the website here
DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the readCaptainAltcoin is not liable for any damages or losses from using or relying on this content.
