DeeStream (DST) Presale Thrives as Bitcoin Hits $69,000 – Will It Outperform Solana (SOL) and Shiba Inu (SHIB) Surges?

March 09, 2024

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Solana (SOL) and Shiba Inu (SHIB) have been grabbing the headlines alongside Bitcoin (BTC) which recently set a new record high above $69,000. With some investors booking profits while others continue to hold, it has emerged that investor attention has been diverted to DeeStream (DST), a new cryptocurrency that claims to be the world’s first decentralized streaming platform. Does DeeStream (DST) have what it takes to outperform Solana (SOL) and Shiba Inu (SHIB)? Let’s find out.

Rising DEX Volume Contributes to Solana (SOL) Surge

DeFi users have steadily shown interest in the Solana (SOL) ecosystem, with decentralized exchanges (DEXes) grabbing the lion’s share of the interest. Analysis has shown that Solana-based DEXes demonstrated a remarkable cumulative volume, soaring to an impressive $11.24 billion between February 25 and March 2. This is a milestone achievement for Solana (SOL) as DEXes based on the network showcase the growing demand for DeFi on the Solana (SOL) network.

The bulk of the trading volume on Solana (SOL) can be attributed to the meme coin mania that has taken over the industry. Solana (SOL) is up 34% on the weekly chart as its price rose from $108.65 on February 28 to $128.96 on March 6. Analysts believe that Solana (SOL) can break its all-time high of $260 in the coming months.

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Shiba Inu (SHIB): Trading Volume Hits $13.4 Billion

On March 5, the creator of Shiba Inu (SHIB) stated on X (formerly Twitter) that the meme coin had more volume than Solana (SOL), BNB (BNB) and XRP (XRP) combined after reaching $13.4 billion. This is 300% more than the volume that Shiba Inu (SHIB) managed the previous day.

Shiba Inu’s (SHIB) rising trading volume has contributed to its price action. The meme coin gained 230% in the past week after its price soared from $0.00001081 on February 28 to $0.00003558 on March 5.

Shiba Inu (SHIB) has a strong community known as the SHIB army. The online army is responsible for marketing the meme coin and helping it achieve such high trading volume figures. Some investors are already taking profits as the capital naturally rotates from one cryptocurrency to another. DeeStream (DST) is a new project that investors are seriously looking at.

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Can DeeStream (DST) Outperform Solana (SOL) and Shiba Inu (SHIB)?

The prospect of DeeStream (DST) outperforming established players like Solana (SOL) and Shiba Inu (SHIB) is not a far-fetched idea. Solana (SOL) and Shiba Inu (SHIB) are well-established cryptocurrencies. From afar, DeeStream (DST) is an underdog because it is relatively unknown and still finding its way into the fiercely competitive crypto space.

While this may initially seem like a disadvantage, it is a major advantage for DeeStream (DST). This is mainly because big gains are made from investing early in solid cryptocurrencies. And this is where DeeStream (DST) shines.

DeeStream (DST) is a decentralized streaming platform that offers a distinctive value proposition that blows the competition out of the water. The new cryptocurrency is already attracting Solana (SOL) and Shiba Inu (SHIB) whales who are investing heavily in the DeeStream (DST) presale. After all, the crypto market is big enough for cryptocurrencies with practical and important utilities such as DeeStream (DST).

Find out more about the DeeStream (DST) presale by visiting the website here