Solana (SOL) and Ethereum (ETH) are some of the first names that show up on any search for cryptocurrencies. They also have significant market dominance, with market caps in billions of dollars, and among the top five biggest tokens by that metric. While Ethereum (ETH) remains ahead of Solana (SOL) the “Ethereum Killer”, the high throughput alternative remains among the most profitable tokens.
Both tokens have had decent performances in the year as well, yet Solana (SOL) and Ethereum (ETH) holders appear to be rushing to buy another token, DeeStream (DST). We highlight the underlying reasons behind this and what it could mean for the market.
Expectations were at their highest when Solana (SOL) entered the new year, after an impressive end to 2023. To a large extent, Solana (SOL) has failed to deliver on these expectations. Even its recent increase has not lasted for long as Solana (SOL) is now falling towards $100, and declines by 12% from 7 days ago. Solana (SOL) has had more lows than highs, although much can’t still be expected with over 10 months remaining in the year.
After massive gains in the last week, Ethereum (ETH) could be seeing an anticipated correction. Ethereum (ETH) recently climbed to and above $3000 but fell below it soon after and remains there at the time of writing.
While Ethereum (ETH) had a 6% gain over a week ago, this could shrink before February ends. Could this be the time to cash in and wait for the next profitable cycle for Ethereum (ETH)? Some investors say yes.
Ethereum (ETH) trades at $2,991.22 at press time.
Interest in DeeStream (DST) isn’t simply based on speculation that Solana (SOL) and Ethereum (ETH) could be less profitable soon. Instead, there appears to be real excitement around DeeStream (DST) and what it has to offer to the thriving live-streaming industry. In a world where people spend so much time consuming content, DeeStream (DST) makes the experience more personalized, efficient and rewarding.
One way it does this is by ensuring streamers get an equitable share of the revenue generated on the platform. Many platforms have unfair sharing formulas that only benefit the service but not the streamers who are responsible for the traffic on it. DeeStream (DST) will be different from this.
DeeStream (DST) looks exciting, and investors say the same thing. Its utility matches well with its low price and supply, giving it great potential. For only $0.04, investors can get a unit of DeeStream (DST) and get a part of anticipated huge gains.
Investors will also get governance rights based on their holdings. For investors who get the token in its presale, DeeStream (DST) also offers remuneration from transaction fees. The best time to get the token is right now.
Find out more about the DeeStream presale by visiting the website here
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