It is a big market with many things to look at and check out. Investors need a lot of focus to pick out what is important from what isn’t. A lot of tokens shouldn’t be finding their way into the portfolio of serious investors.
Determining which investments to invest in is based on many factors. For investors with less risk tolerance, stablecoins like USDC are perfect. Those more interested in returns could like options like Polkadot. However an option like DeeStream (DST) could also be a good option for investors.
USDC Stability in Question
USDC is a digital token equivalent to the value of the US dollar. It was developed in 2018 and is issued by a private entity, Circle. It is backed by cash and short-term US Treasury bonds. This token claims to be regulated by financial institutions.
It has already generated a market cap of over $32 billion, among the top ten cryptos. Although it is a popular stablecoin, USDC has been in the wrong position for some time. It has seen more fluctuations that scare some investors.
The token has more positive action, with most of its small changes keeping it above $1. However, there are concerns, given it dropped below $1 on several occasions this month. USDC may still be reliable, but investors may be more hesitant moving forward.
Polkadot’s Market Cap Takes a Hit
Polkadot is a unique interoperability solution for blockchains. It allows the transfer of data and various asset types through specialized blockchains. That interconnectivity gives Polkadot many uses as a layer-0 metaprotocol.
The DOT coin is worth $8.99 at press time and appears to have taken a major hit. Compared to a week ago, it is 7.86% less. That comes after consistent declining momentum.
DOT’s price started increasing in November 2023, reaching as high as $11.54. However, it seems to have less momentum now. Its market cap has declined by 5%, according to CoinMarketCap, now at $12.8 billion.
DeeStream Prepares for Upsurge
DeeStream may be the next token headed towards a big break. The project has some features that will convince experts of its success in the near future. It is positioned to be the first web3 streaming service. It can be the best option for users in an industry worth billions.
DeeStream is a streaming alternative built on the blockchain. It allows for complete transparency for all transactions and many other diverse functions. It also makes the fees on DeeStream DST lower than most other platforms. This platform also comes with freedom of speech and users can express themselves without restrictions.
Users can earn money from DeeStream through gifted subs, Dee gifts, and other packages. DeeStream costs only $0.055 per unit now, with anticipated 65x gains. Many USD Coin and Polkadot investors have already decided to buy into the presale.
Find out more about the DeeStream presale by visiting the website here.
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