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Identifying promising projects with the potential for value increase can pose a challenge for newcomers navigating the cryptocurrency realm. However, an effective approach to discovering these projects in their infancy is by observing the insights of experienced individuals. By emulating their investment choices, individuals can strategically position themselves for significant profits.
Recently, enthusiasts who are active users of established platforms such as Chainlink (LINK) and Solana (SOL) have shown interest in DeeStream (DST), an emerging DeFi-driven streaming platform. Crypto analysts have also cautioned against the current state of Solana (SOL) in February, noting its bearish trend amidst the sluggish DeFi market. Conversely, the presale of DeeStream (DST) and the performance of Chainlink (LINK) appear alluring to investors. Read more here.
Recent Solana (SOL) and Chainlink (LINK) Updates
Solana (SOL) has stood out in the crypto sphere due to its rapid ascent, offering notable scalability and interoperability. It is a fully functional blockchain with a committed user base and the fifth-largest DeFi chain by total value locked, representing about $1.7 billion in capital committed to the various on-chain apps. SOL, the native token, is the fifth-largest cryptocurrency at a market capitalization of nearly $42 billion.
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However, recent trends indicate a decline in value, with experts forecasting a further dip by March 2024. It currently trades at $97.03 a unit despite numerous dApps on its platform. According to experts, Solana (SOL) lacks innovative new ventures that can catapult the token to new heights. Worse, considering the recent hacks, investors are tired of hearing the excuse that the Solana (SOL) mainnet is still in beta.
Chainlink (LINK) has consistently demonstrated impressive performance since its inception. The bullish surge in early 2021 catapulted Chainlink (LINK) status, with a recent 37% price increase hinting at its potential to maintain its position as a leading asset. As of writing, Chainlink (LINK) has an asset value of $18.3.
YouTube and Spotify Recognise New Competition: DeeStream (DST)
DeeStream (DST) emerges as a potential game-changer in the crypto landscape, offering genuine utility within the DeFi market. This Web3 platform introduces a fully decentralized streaming model, amalgamating features from prominent platforms like Twitch and YouTube. DeeStream (DST) facilitates monetization through peer-to-peer networks and decentralized marketplaces by connecting content creators and subscribers globally. All at the click of a button. This is a feat that entertainment platforms like Spotify and YouTube struggle to implement.
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In its initial presale phase, DeeStream (DST) presents a compelling opportunity for investors to acquire its native token, DST, priced at $0.035 per unit. With 70% of the total token supply available, presale participants gain access to governance rights and revenue shares, incentivizing long-term engagement.
Cryptocurrency experts advocate for participation in DeeStream’s (DST) presale, emphasizing the potential for ongoing revenue streams through platform fees. As Solana (SOL) faces uncertainties and Chainlink (LINK) continues its upward trajectory, DeeStream (DST) stands out as a promising investment avenue with tangible utility and growth prospects. We believe this could be an opportunity to get into a future blue-chip cryptocurrency from a great price point.
Find out more about the DeeStream (DST) presale by visiting the website here
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