DeeStream’s Momentum Builds: Chainlink & Cosmos Communities Join 17,800 Users Anticipating Exponential Growth

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As DeeStream’s decentralized streaming platform gains traction, it finds itself amidst the attention of vibrant cryptocurrency communities, including those of Chainlink and Cosmos. People are worried about how the prices of Chainlink and Cosmos are doing. But even with these worries, lots of folks are excited about DeeStream. More than 17,800 people are looking forward to DeeStream’s future.

Chainlink’s price has seen a slight decrease, coupled with the formation of a death cross in its Exponential Moving Average (EMA) lines, suggesting a possible downtrend ahead. Just while Cosmos faces a bearish trend, DeeStream shines brightly. Its momentum continues to build and many investors are rushing to take part in its promising presale.

Concerns For Chainlink’s Price

The weekly price of Chainlink has experienced a slight decrease, indicating potential challenges ahead. Additionally, the formation of a death cross in the Exponential Moving Average (EMA) lines on April 1 suggests a looming downtrend that could lead to further corrections in the Chainlink price. While Chainlink’s daily active addresses remained relatively stable during the first three weeks of March, a noticeable decline began on March 20. 

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This trend continued into April, with daily active addresses dropping further. This ongoing decline in daily active addresses could signal decreasing interest in Chainlink, potentially impacting its price negatively as demand diminishes. Another concerning indicator is the significant increase in the ADX for Chainlink. The ADX quantifies the strength of a trend and with Chainlink currently in a downtrend, a high ADX value suggests a downward momentum. 

Bearish Trend For Cosmos Price

According to the Cosmos price analysis, the market is still under the control of bears. The resistance level at $11.23 remains unbroken, indicating a continued bearish trend. If this critical support level fails to hold, there is a potential for further downside movement in the market. Despite the bearish trend, buyers are making efforts to regain control and push the price of Cosmos above $11.23. 

However, the daily chart reveals that Cosmos is currently trading within a bearish channel, having fallen below the support level of $10.92. Technical indicators, including the MACD, confirm the bearish momentum in the Cosmos price. The MACD line remains below the signal line, signaling ongoing bearish pressure. With the RSI trending downward and the Stochastic RSI indicator oversold conditions, there is a strong indication that bears are still dominating.

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DeeStream’s Momentum Builds

DeeStream is a streaming platform where creators and fans connect from all over the world. It’s different from others because it’s decentralized, meaning it’s not controlled by one big company. Instead, it uses blockchain technology, to make sure everything is fair and transparent. With DeeStream, creators can share their videos and fans can watch and even buy them on the platform.

When brands pay to put ads on the platform, half of that money goes to people who hold DeeStream tokens. Also, the fees for using DeeStream are much lower than other platforms, which means more money goes back to the creators and fans. Right now, DeeStream is having a presale for its tokens and they’re selling for $0.06 each. This presale is in Stage 2 and there are a total of 6 stages. 

Find out more about the DeeStream presale by visiting the website here

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