Bitcoin Cash (BCH) early investor explains why DeeStream (DST) presale is a home run, and Polkadot (DOT) is one to avoid

Altcoin News

February 10, 2024

Altcoin News

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An unidentified OG Bitcoin Cash (BCH) investor who has been through the peaks and troughs of the token has reallocated a substantial portion of their holdings into DeeStream (DST), whose presale is on pace to sell out with 3,500+ prospective investors joining as of stage 1. Polkadot (DOT) holders, meanwhile, have been frustrated with the poor performance of DOT in the past month. Learn why Bitcoin Cash (BCH) and Polkadot (DOT) are trading in their holdings for DeeStream (DST) in February.

Bitcoin Cash (BCH) Still Bearish in February

Bitcoin Cash (BCH) failed to sustain its post-Bitcoin ETF approval pump in January, ultimately experiencing a short-lived pump compared to other altcoins. Bitcoin Cash (BCH) is still retesting resistance at $240, as it trades at $238 as of this writing. Traders have been shorting Bitcoin Cash (BCH) and its poor price action over the past month. The recent liquidation of Bitcoin Cash (BCH) reserves held by fallen crypto exchange Mt. Gox to repay its creditors can’t have helped flagging token prices entering February.

Polkadot (DOT) Takes a 20% Dump in January

Polkadot (DOT) suffered a major setback last January after Polkadot (DOT) prices plummeted by 20.46% to $6.77, making it one of the worst-performing altcoins in the past month. This dip led to a significant drop in daily trading volume, down to $200 million, indicating Polkadot (DOT) investors pivoting to other altcoins with better growth potential in 2024. However, market analysts believe Polkadot (DOT) might be able to breach the $7 mark in February, which could foreshadow a run back to bullish estimates of $10.

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Bitcoin Cash (BCH) Holders Diversifying in DeeStream (DST)

DeeStream (DST) has emerged as a popular diversification choice for Bitcoin Cash (BCH) holders, with one long-time holder believing in DeeStream’s (DST) potential to go on a parabolic run in 2024. And why not? One of the key indicators of its moon potential is the sheer number of onboarded users just several weeks into its presale. DeeStream (DST) has rightfully become one of the new cryptocurrencies to watch in 2024, with some industry observers predicting it could do a 40x from its launch prices of $0.035 in a bull market scenario.

DeeStream (DST) will transform streaming with its unique Web3-inspired approach to the format. The platform will bid farewell to hidden fees and censorship, while enabling content creators to maximize their earning potential and engagement options with their audiences. Users will be able to leverage instant payments, deposits, and withdrawals on DeeStream (DST) without the usual hassles that they routinely face on platforms like YouTube, Kick, and Twitch.

The DeeStream (DST) presale offers an ideal entry point for prospective investors looking to maximize their gains in 2024, since it gives them the earliest possible access at the lowest possible price point. However, it’s just a matter of time before stage 1 is completely sold out. Act now before token prices increase in the next stage.