Ripple & Ethereum Classic Backers Flood DeeStream Stage 2 Anticipated to Propel Streaming Platform to 40X Growth

The whole crypto market is taking a dip, and when token prices drop, most investors play it safe to protect their money and avoid big losses. However,  Ethereum and Ripple’s investors see this as a chance to grab good deals before the market picks up again. They are pouring their money into the presale of the new decentralized streaming platform DeeStream.

DeeStream, a Web3 streaming platform, is catching the eye of investors. It aims to stand out from traditional streaming platforms like Twitch and YouTube by offering unique benefits. With its fresh ideas and features, DeeStream seems poised to beat its rivals and become a big name in streaming.

Ripple to Launch Stablecoin

Ripple has entered the $150 billion stablecoin market by introducing a stablecoin tied to the value of the U.S. dollar. This stablecoin will consistently maintain a 1-to-1 backing with assets such as U.S. dollar deposits, U.S. government bonds, and similar holdings that Ripple reserves.

Ripple’s CEO Garlinghouse explained that the company launched a stablecoin last year because other companies like Tether and Circle faced issues with their stablecoins losing their value. Tether’s USDT lost its $1 value temporarily in 2022 due to market instability caused by the collapse of terraUSD, an algorithmic stablecoin. Similarly, USDC also dropped below $1 in 2023 when it was revealed that it had connections to Silicon Valley Bank, which faced financial difficulties.

Ripple is introducing its stablecoin in the United States first. However, it’s also considering creating stablecoins for other regions, such as Europe and Asia.

Will ETF Denial be Bearish for Ethereum?

Many experts believe Ethereum’s price might go up a lot if its ETF gets approved, even though it has been down during the recent market correction. But now, some reports say people are less hopeful about the approval of spot Ether ETFs because the U.S. Securities and Exchange Commission is looking into the Ethereum Foundation. So, will it be bearish for Ethereum if the ETF is denied?

Jupiter Zheng, head of research at Hashkey Capital, said, “If the ETF is denied, it will not be that bearish, as the market is not pricing in it yet, and we still have Bitcoin ETFs as the entrance for traditional funds.” He analyses Ethereum to be not that bearish even after the denial of the ETF. Investors are also waiting for the Bitcoin halving, which is prepared to occur this month. This event certainly can give direction to the overall crypto market.

DeeStream is a Better Streaming Platform than all

DeeStream is a new streaming service that uses Blockchain technology to provide top-notch streaming while ensuring security and transparency. When you join DeeStream you can connect with your favorite streamers from anywhere in the world. It’s a welcoming and safe platform promoting streamers’ and viewers’ interaction.

DeeStream token, which is in stage 2 of presale, has caught the eye of major players in the cryptocurrency world, such as Ethereum and Ripple investors. They see DeeStream as a game-changer that could shake up the streaming industry.

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