Shiba Inu (SHIB) & Immutable (IMX) investors follow Ethereum (ETH) billionaire in buying into DeeStream (DST) platform

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As the cryptocurrency market experiences fluctuations, investors are closely monitoring the performance of tokens like Shiba Inu (SHIB) and Immutable (IMX) alongside the renowned Ethereum (ETH). 

Amidst this backdrop, a notable trend emerges: investors, including those involved in Shiba Inu (SHIB) and Immutable (IMX), are following the lead of Ethereum (ETH) billionaires by directing their attention towards DeeStream (DST), a decentralized streaming platform built on the blockchain.

Shiba Inu (SHIB) Eyes Recovery Amid Market Fluctuations

Shiba Inu (SHIB) has witnessed a slight decrease of 2.60% in its weekly price, trading between $0.0000096 and $0.000009818. However, there are signs of a potential recovery as the meme coin attempts to climb above its moving averages, which serve as crucial support levels. Despite the recent dip, Shiba Inu (SHIB) is showing resilience and striving to regain bullish momentum.

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Amidst the fluctuations, it’s essential to keep an eye on the support level at $0.00000790, which holds significant importance for Shiba Inu (SHIB). Maintaining stability above this level could attract more buyers to Shiba Inu (SHIB), bolstering its recovery efforts. As investors monitor these levels, the future trajectory of Shiba Inu (SHIB) may be influenced by market sentiment.

Optimistic Outlook for Immutable (IMX)

Immutable (IMX) has experienced a weekly price increase of 4.88%, trading between $3.17 and $3.33. Despite this rise, investors hold a predominantly optimistic view of Immutable (IMX) future. Technical indicators for Immutable (IMX) paint an encouraging picture, with the RSI positioned at 66. This value, slightly above the midpoint of 50, indicates strong buyer support.

Furthermore, bullish momentum is evident in the behavior of the MACD. The MACD line surpassing the signal line signals a growing bullish sentiment, complemented by the histogram’s upward trend. The positive sentiment surrounding Immutable (IMX) is further reinforced by key indicators pointing towards bullish momentum.

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Ethereum (ETH) Bullish Momentum Continues to Soar

The weekly price of Ethereum (ETH) has surged by 5.35%, ranging between $2,750 and $3,030. Following a rebound from the 200-day SMA, Ethereum (ETH) is steadily climbing up the Fibonacci retracement levels. This upward movement has sparked curiosity among investors, who wonder if Ethereum (ETH) will reach a new all-time high in 2024. 

With a market cap of $353 billion, Ethereum (ETH) is displaying a bullish revival in 2024, as evidenced by its rounding bottom breakout run reclaiming the $2,900 level, signaling increased trend momentum in its price. Moreover, Ethereum (ETH) has witnessed a notable 42% increase in trading volume, reaching $25 billion, indicating a surge in buying pressure.

DeeStream (DST) Has A Bright Future

Traditional streaming services face issues such as arbitrary bans and delayed withdrawals, prompting dissatisfaction among users and streamers. DeeStream (DST) aims to address these concerns by offering a decentralized model that ensures freedom of expression without fear of censorship, with lower fees for streamers and active community participation.

As the global live streaming market is estimated to surpass $247 billion by 2027, DeeStream (DST) enters the scene with a transparent blockchain, providing secure and immutable transactions. The ongoing presale, currently in Stage One at a price of $0.04, offers early investors an entry point into DeeStream (DST) growth potential.

Conclusion

As Shiba Inu (SHIB) aims for recovery and Immutable (IMX) garners optimism among investors, the allure of DeeStream (DST) grows stronger. Ethereum (ETH) bullish momentum adds to the intrigue surrounding this decentralized streaming platform. 

With DeeStream (DST) offering solutions to the shortcomings of traditional platforms, such as arbitrary bans and high fees, investors are increasingly drawn to its transparent, community-driven model.

Find out more about the DeeStream (DST) presale by visiting the website here

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