Decentralized oracle provider Chainlink (LINK) went within a whisker of breaking past a key psychological and resistance level of $20 in the past 48 hours of trading. On the other hand, everything has gone wrong for Monero (XMR) after being delisted from Binance. This highlights the importance of diversifying into low-cap projects with the serious potential to generate outsized gains. One of those projects is DeeStream (DST), the first decentralized live-streaming protocol. Learn why crypto observers believe it could be among the best performers of 2024.
Monero (XMR) Delisting Causes 32% Crash
Monero (XMR), the leading privacy coin by market capitalization, suffered a 32% decline in price almost instantly after getting delisted from Binance. Monero (XMR) fell from $150 to $115 within hours of the news breaking out, breaching the privacy token’s September 2023 lows. It was already in trouble after liquidity had dried up on exchanges, besides getting delisted from smaller exchanges earlier. Monero (XMR) is useful only to a very small niche of users and merchants, who don’t actually hold the token—but instead dump it for stablecoins or fiat immediately after using them.
Chainlink (LINK) Breaks Past Psychological and Resistance Levels
Chainlink (LINK) breached key psychological and resistance levels this week after being stuck in a consolidation phase for the past several months. As of press time, the decentralized Oracle solution’s native token was changing hands at $18.29, nearly smashing $20 in the past 24 hours. Prior to its big run in February, Chainlink (LINK) had been struggling to gain positive momentum despite other altcoins performing significantly better.
DeeStream (DST) Presale Hits the Ground Running in February
DeeStream (DST) launched the presale for its native token, DST, in January. Fast forward to February, and DeeStream is fast becoming one of the most intriguing investment opportunities thus far in 2024.
Market observers believe DeeStream (DST) could carve out its own niche within the lucrative $160.55 Billion global live-streaming market. DeeStream (DST) is putting up its DST token up for grabs at an amazingly tantalizing price of only $0.035 during the first stage of its 6-stage presale, offering prospective investors an ideal entry point in a potential blue-chip project—at the lowest possible price point. Early investors will be in an ideal position to earn from progressive token price increases, incentivizing them by putting them in profit even before DeeStream launches for public sale. Moreover, early investors will earn a portion of the platform’s revenues in proportion to the number of tokens they hold.
DeeStream is on the verge of a major breakout in 2024, as evidenced by the 3,500+ early registrants queuing up for the presale launch. Market observers believe DST could easily trade around $1.25 per token in 2024, representing a 20x from its current presale prices. It isn’t surprising why a growing number of sharp investors are taking out early positions in DeeStream and joining the presale launch—the sky’s the limit for the innovative Web3 streaming protocol.
Find out more about the DeeStream (DST) presale by visiting the website here
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