In some cases, the strength of the project behind a token is more important than the token itself. This is because whatever backs the token will likely affect its price at multiple points and determine how much returns it can generate. Brilliant investors use this knowledge to select projects that are backed by real value to invest in.
For example, Binance Coin (BNB) is based on and used in the giant cryptocurrency exchange, Binance, and so attracts a fair amount of investors. Tether (USDT) on the other hand is backed by a stated amount of the US dollar and thus invites investors interested in that sort of stability. This reasoning is suggested as part of why a new project, DeeStream (DST) has a lot of attention. Our analysis explains this.
Tether (USDT) could favour long-term investors
The most widely used stablecoin, Tether (USDT), is a favourite among investors for many reasons. One of these is that Tether (USDT) frequently acts unlike a stablecoin, and grows beyond its pegged point – $1. Although it rarely sees major fluctuations, this could be advantageous for patient long-term investors. One unit of Tether (USDT) costs around $0.9999 at press time.
Binance Coin (BNB) exhibits promising signs
The price of Binance Coin (BNB) at the end of yesterday was $305.51, more than 3 dollars than how it started the day. Binance Coin (BNB) has continued in similar patterns today, growing upwards of $306. Analysts are optimistic that Binance Coin (BNB) will keep this momentum for at least the next week.
Investors admire prospects of DeeStream (DST)
In today’s world of unmatched digital connections, content and the way we engage with it has evolved. One of these changes is the emergence of live streams that connect creators and viewers in real time. The industry has grown significantly and is expected to surpass $250 million in under four years.
DeeStream (DST) steps into the industry, through its progressive use of blockchain technology to be the first web3 live streaming platform. It will be a streaming platform similar to Facebook Live, Tik Tok Live and Twitch but with a decentralized structure. This means that decisions on the platform will be made by token holders.
Its entry will mean more freedom for creators and lower fees for users. Payments on DeeStream (DST) will also be faster and more accessible to users globally, by using cryptos. There are also opportunities to get rewards by completing tasks.
The profit-sharing system on DeeStream (DST) means presale investors will earn from transaction fees. At a low price of $0.035 per unit, DeeStream (DST) seems like a great alternative token to invest in. There are sufficient benefits for investors, and the token is expected to skyrocket shortly after launch.
Several investors have committed themselves and money to DeeStream (DST) which is revolutionizing streaming in favour of users and token holders. We think the best time to get this future blue-chip crypto is right now.
Find out more about the DeeStream (DST) presale by visiting the website here