The 2024 bull run is projected to be the biggest one in history mainly due to the upcoming Bitcoin (BTC) halving and potential U.S. rate cuts later during the year. Experienced investors have made profits from the recent market surge. They are looking for the best new cryptocurrency to invest in.
DeeStream (DST) a decentralized streaming platform is already attracting attention from Cardano (ADA) and Ethereum Classic (ETC) investors. Will 2024 be the year that ETC and ADA investors earn 125X returns from DST? Let’s find out.
Cardano Tumbles Amid Market Downturn
The beginning of Q2 has been hectic for the crypto industry as the crypto market took a brutal turn. Cardano fell significantly and lost its key support level at $0.62. Thus prompting investors to flee from it in search of better investment alternatives.
Cardano is a smart contract platform criticized for poor price performance. It has been down 11% in the past week as it traded at $0.5856 at the time of writing. After reaching a peak of $0.80 in March, ADA has shed 28% of its value. Volatility may reach new highs due to Bitcoin halving. Cardano may succumb to further selling pressure due to market volatility.
Ethereum Classic Gains Nearly 50% in a Year
Ethereum Classic does not have the institutional appeal of Bitcoin or the retail pull of meme coins. It can still stand its ground. ETC has surged nearly 50% over the past year. It shows that when the conditions are right, it can bring smiles to investors.
Ethereum Classic is tipped for further growth in 2024, although its returns will be limited. Analysts claim that ETC is a great option for cautious investors.
DeeStream (DST): 120X Growth is on the Cards
Ethereum Classic and Cardano investors have been aggressively buying DeeStream (DST) as they anticipate a 120X surge. Analysts claim this is possible, given DeeStream’s value proposition and a growing community. At only $0.055 per token in stage 2 of its presale, DeeStream has become the best new cryptocurrency for beginners.
DST is a decentralized marketplace with a sustainable business model. The platform will charge streamers a subscription fee. Brands can also advertise directly on DeeStream, opening another revenue stream for the platform. More importantly, presale investors will earn 50% of the revenue generated by DeeStream. For these reasons, investors are buying DST tokens as the presale progresses.
Find out more about the DeeStream (DST) presale by visiting the website here.
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