The crypto market is extremely dynamic because while certain cryptos grow, others decline. TRON and Bitcoin are on opposite sides of the growth spectrum, yet their investors have one thing in common.
These investors are drawn to the new project transforming crypto streaming DeeStream. With a user base of over 17,800 already, DeeStream could reach the top of the crypto charts soon. Keep reading to explore the features DeeStream has to offer.
TRON experienced legal troubles in March 2024 when the SEC filed a lawsuit in New York’s Southern District. The lawsuit implicated Justin Sun, the TRON Foundation and the BitTorrent Foundation for alleged securities violations. These violations involved TRX and BTT tokens.
The SEC accused them of promoting these tokens without proper registration. By doing this, they violated federal securities laws and misled investors. To further complicate matters, high profile celebrities like Lindsay Lohan and Jake Paul endorsed TRON and BitTorrent to promote their tokens.
TRON responded to the SEC by refuting the claims made against them. The TRON team states that TRX token sales were conducted overseas and excluded the U.S. market deliberately. The TRON Foundation also challenged the SEC’s assertions of manipulative trading and celebrity endorsements. According to TRON, there was no cited proof of these endorsements or identified victims of the manipulation.
Cathie Wood, CEO of ARK Invest, gave reasons for the recent Bitcoin price surge. She attributed this skyrocketed growth to global currency devaluations. Bitcoin has risen over 130% in the past year, reaching a record high of $73,800 in March 2024. One major contributor to this growth was increased demand from spot Bitcoin ETFs in the US. Wood believes the Bitcoin ETFs are not the sole reason for this growth.
According to Wood, Bitcoin is an insurance policy against bad fiscal and monetary policies. She pointed out how many global currencies are getting devalued. One example she cited was the Nigerian naira, which dropped 50 to 60% in nine months. Egypt also witnessed a devaluation in its currency by 40%.
Just like Bitcoin has benefited from this currency devaluation, other cryptos like DeeStream are also primed for success.
Many crypto projects entering the DeFi market today lack real world utility. However, this is not the case for DeeStream as it merges live-streaming with decentralization. By doing this, its users can enjoy the benefits of blockchain technology and the streaming industry.
DeeStream gives autonomy to its users by allowing them to enjoy full financial control. They can also be actively involved in platform decisions that will lead to the growth of DeeStream’s ecosystem. Unlike YouTube and Twitch, DeeStream content creators receive instant earnings without fees.
DeeStream prioritizes user engagement by rewarding them with DST tokens for completing tasks on the platform. Interested investors can enjoy exclusive perks when they buy DST tokens via stage 2 of the live DeeStream presale. Priced at an affordable rate of $0.06 each, DST tokens have gained the attention of TRON and Bitcoin investors.
Find out more information about the DeeStream presale from the official website here.
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