Alluding to failures to meet certain standards, Binance recently announced it would be delisting some coins, including Monero (XMR). It’s not new for coins to be delisted but this one in particular has sent shockwaves throughout the industry. And while observers still argue about the possible reasons behind the action, it has undoubtedly affected the value of some portfolios.
Our analysis looks at these changes, in both Monero (XMR) and Binance Coin (BNB), the native token of the exchange. It also spotlights DeeStream (DST), which looks to be the token that Monero (XMR) holders are buying now. Continue reading to know more.
Another Unsustainable Rise for Binance Coin (BNB)?
While Binance Coin (BNB) remains on the exchange unlike Monero (XMR), it is seeing a similar fate. It is over $300 and has remained so for the better part of the last 7 days. However, sustained momentum is scarce for Binance Coin (BNB), previously going up to $307 before falling back to $300.
Most recently, Binance Coin (BNB) went as high as $307.92 but appears to be on the decline now.
What’s Next for Monero (XMR) holders?
Binance adds itself to the list of exchanges where Monero XMR is no longer available, which contains names like OKX and Coinbase. While this feels like a “vote-of-no-confidence” on Monero (XMR), the privacy-focused crypto remains dogged in its approach. For investors who have stuck with Monero (XMR), it has seen a resurgence and hovers around the $130 price position.
At press time, Monero (XMR) is worth $128. Analysts warn that Monero (XMR) could see even more delisting, and many investors have already taken their business elsewhere.
Why Binance Coin (BNB) and Monero (XMR) holders should be looking at DeeStream (DST)
DeeStream (DST) is a digital streaming platform that connects users. Like any other platform, viewers sign up and find streams they enjoy. Streamers also register, create an account, and send their link so viewers can watch them.
However, unlike other platforms, DeeStream (DST) allows users to make payments with cryptos. Not only does this allow for variety, but crypto payments are also faster and have lower fees. DeeStream (DST) also comes with an exchange where users can swap their tokens.
It is also different in the way it runs. Other platforms use centralized governance while DeeStream (DST) uses decentralized governance. This means all token holders can contribute to improvements on the platform.
Switching over to DeeStream (DST) could be the best move for investors. Its low price makes it a cheaper option and allows investors to get more of it (and as follows, more returns) than they would from other tokens. Its utility and novelty suggest it has impressive potential as well.
DeeStream’s (DST) special rewards also give it an edge. Presale investors are rewarded with revenue from their transaction fees. Being an early investor in DeeStream (DST) guarantees the best returns, and those who get in have a lot to gain.
Find out more about the DeeStream (DST) presale by visiting the website here
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