Litecoin (LTC) and Cardano (ADA)’s Aspirations Dashed This Week as DeeStream (DST) Continues Drive Upward

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The crypto market, known for its dramatic swings, has been moving sideways for months. Amid the tumultuous ride, Litecoin (LTC) and Cardano (ADA), established players with lofty aspirations, saw their momentum stall. But the new streaming protocol, DeeStream (DST), defied expectations with a massive uptrend in its presale. How? Let’s find out.

Litecoin (LTC): Halving Fails to Sustain Weak 

Litecoin (LTC), often dubbed the “silver to Bitcoin’s gold,” has long enjoyed a reputation as an established altcoin. Inspired by Bitcoin, Litecoin (LTC) was designed for faster and more efficient P2P transfer.

However, recent months have seen a concerning slide in Litecoin (LTC)’s value. Today, Litecoin (LTC) hovers around $69, a significant drop from its highs of over $120 before halving in August 2023. While Litecoin (LTC) boasts a loyal community, critics argue it lacks innovation, meaningful development, or any fundamentals.

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Since its MimbleWimble upgrade in 2022, LTC has lost its stance. Many thought the last halving would improve LTC’s price action, but unfortunately, it is still under bear pressure.

Cardano: Smart Contracts Haven’t Delivered Smart Gains

Cardano (ADA) is another prominent chain focusing on scalable smart contracts and DeFi development. Cardano (ADA) boasts of a research-based approach to improving blockchain trilemma.

However, its recent terrible performance on the price chart says otherwise. It experienced a recent slump of 23% after steadying around $0.5 from the $0.63 January high.

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Similar to Litecoin (LTC), Cardano (ADA)’s struggles can be attributed to zero ecosystem development. Many analysts even claimed Cardano (ADA) is a ghost chain, and its token has little to no utility. Stiff competition has not given Cardano (ADA)’s value a breathing space, either.

DeeStream (DST): The New Star on The Horizon

44% of viewers are ditching traditional platforms as the video streaming industry grows to a potential $247 billion market by 2027. Despite this growth, centralized streaming platforms like YouTube and Twitch plague the industry with arbitrary terms, delayed payout, and zero regard for users. That’s what DeeStream (DST) will address with its cutting-edge streaming platform.

DeeStream (DST) ushers in a new age of decentralized video streaming and entertainment. It focuses on providing a high-performance, secure, and scalable network specifically designed for real-time streaming. This caters to a growing demand in various industries, including entertainment, content creation, RWA, and the Internet of Things (IoT).

DeeStream has been on a tear, witnessing a meteoric rise in value in recent weeks. Unsurprisingly, its advantages, including no KYC onboarding, faster payout processing, scalability, and efficiency, are alluring. Currently, the DeeStream (DST) token sells at around $0.035 in presale, and demand is not tiring.

Conclusion

The contrasting fortunes of Litecoin (LTC), Cardano (ADA), and DeeStream highlight a crucial turning point in the crypto space. DeeStream’s astounding success suggests that the future of crypto may lie in niche applications and real-world use cases rather than simply replicating existing functionalities.

Find out more about the DeeStream presale at their official website

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