Significant Gains Await: DeeStream’s Stage 2 Presale Attracts Monero and Bitcoin Investors Despite Streaming Giants’ Dominance

Making profits is the main goal of every investor in the crypto market. Most profit oriented investors go for renowned cryptos like Monero and Bitcoin to double their investments. However, a new project is making a name for itself in the crypto market and streaming industry. 

DeeStream introduces a new era of utility and profits through decentralized streaming. The project’s innovation has gained the attention of even Monero and Bitcoin investors. Keep reading to find out why. 

Monero Loses Momentum and Raises Concerns Among Investors 

After a brief period of neutrality in XMR’s growth trajectory, Monero is entering a bearish trend. It recently experienced a significant 16% decrease in its value from February to March 2024 and has dropped from a whopping $151 to just over $120.

Despite repeated attempts by bullish investors to sustain prices above the support level, Monero is still declining. The Cross EMA has also signaled a Death Cross in its growth. As a result, investors are unsure if XMR might skyrocket soon. Despite this wariness, market sentiment leans towards a bullish trajectory for Monero. 

A breakthrough above the $120 resistance level could reignite momentum. This means that Monero might become bullish in April 2024. At the same time, continued bearish dominance may lead to further declines in the XMR token. 

Bitcoin Continues to Break Record in the DeFi Market 

In March 2024, Bitcoin mining enterprises garnered an incredible monthly revenue of $2 billion. Several factors contributed to this surge in revenue, including increased activity on the Bitcoin network. It also surpassed the previous record of $1.74 billion in May 2021. 

According to Bitcoin Magazine, approximately $85 million of this total revenue was from transaction fees. The remaining $1.93 billion was earned through block subsidies. Bitcoin miners received compensation for both validating transactions and creating new bitcoins.

The current block subsidy is set at 6.25 bitcoins per mined block. However, it will be halved to 3.125 bitcoins during the Bitcoin halving event in April 2024. Miners could be affected by this reduction unless Bitcoin experiences a huge price surge to offset the reduction’s impact. Experts have predicted that the halving event could positively influence the growth of other cryptos like DeeStream. 

DeeStream Could Overtake Popular Streaming Giants Soon

DeeStream is a newly launched project in the streaming service sector within the crypto industry. By using various blockchain systems, DeeStream intends to transform content streaming. Unlike dominating streaming giants like Twitch, it offers streamers unparalleled DeFi prospects. It also ensures they enjoy a seamless journey from creating accounts to engaging with their fan base.

This newly launched project provides several means for users to monetize their content in its decentralized marketplace. It incorporates decentralization into its governance. By doing this, DeeStream community users can be involved in the platform’s growth. 

As a trailblazer in combining entertainment and blockchain features, DeeStream has gained significant attention through its presale. Stage 2 of the presale is ongoing with each DST token priced at $0.055. Monero and Bitcoin investors are taking the prime chance to make gains by partaking in the presale. 

Discover more about the DeeStream presale by visiting the website here.