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Cardano and Avalanche were among the biggest gainers of 2021, rallying in the first quarter of 2024 just ahead of the Bitcoin halving. The operational word is “were.” See, the crypto market suffered a major downturn on the heels of increasing tensions in the Middle East, causing risk-intensive assets like Bitcoin and crypto to take a substantial correction. And just like that, ADA and AVAX became some of the biggest losers in the past 24 hours of trading.
For this reason, members from the Avalanche and Cardano communities are looking to new crypto presale sensation DeeStream to shore up their floundering portfolios. DeeStream, currently in stage 2 of its presale, is building the “YouTube of Crypto” with its decentralized live streaming platform. Industry observers believe DeeStream could be in line for massive gains in 2024. Here’s why.
Avalanche down 33% in the past 24 hours of trading
It was all good just a week ago for Avalanche holders. The distributed software platform was trading at $46.80 on April 12, but as of April 13, AVAX prices careened by over 33%, sinking down to $31.33 as of press time. Avalanche whales are dumping heavily en masse. This cannot be a good thing for the new generation of bagholders who bought at its yearly highs of $60 when AVAX was riding high in March. It feels like forever since that bullish feeling was around the AVAX community.
Is Cardano a non-functioning ghost chain?
Cardano, like Avalanche, was a top performer in 2021. But fast forward to 2024, and Cardano is no closer to delivering on its promises. For all the big talk its proponents say about being Cardano building the best crypto out there from a technical standpoint, there is very little to no actual user activity happening on the blockchain. This has led its critics to call Cardano a ghost chain, which took six years to release a broken mainnet. In a recent article, Forbes called it a “dead chain” running on the popularity of its founder, Charles Hoskinson.
DeeStream revolutionizing live streaming with presale launch
The live streaming industry is set for a major overhaul, with the launch of the first decentralized video streaming platform, which is ready to compete with platforms such as Twitch and YouTube. DeeStream, currently in stage 2 of its presale launch, is looking to build the “YouTube of Crypto” with its unique streaming and video distribution platform.
DeeStream will empower content creators to publish and distribute premium, studio-quality content just as traditional media channels do, without the exploitative, censorious, and rent-seeking practices associated with Web2 platforms. Through its native token DST, content creators and their audiences alike will gain access to a world of monetization and engagement opportunities. Content creators, for instance, could unlock new income streams, while early investors could earn a share on the platform’s revenues.
As of stage 2, DST tokens will be available at an attractively discounted price of just $0.06. With industry observers predicting anywhere between a 20x to a 100x run for DeeStream, joining the presale is a tantalizing prospect for growth-minded investors in 2024.
Find out more about the DeeStream (DST) presale by visiting the website here.
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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