Tron (TRX) Gains Positive Momentum but DeeStream (DST) Presale Steals Headlines as Huge Tether USDT (USDT) Investment Injected

Altcoin News

February 10, 2024

Altcoin News

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TRON (TRX) and Cardano (ADA) need no introductions given the fact that they are among the most capitalized cryptocurrencies in the world. However, in 2024, TRON (TRX) is on the rise, while Cardano (ADA) is on the wane. One thing’s for sure, though—both sets of holders are queuing up for the DeeStream (DST) presale. Here’s why.

Cardano (ADA) Struggles to Stick to Support at $0.50

Cardano (ADA) has been on a downward trend recently, trading below a critical resistance level. After reaching yearly highs of $0.69 last December, it has failed to reverse its losses throughout January 2024. Cardano (ADA trades at $0.48, representing a 35% drop from its peak, with a brief dip below the long-term support zone of $0.46 on January 23rd. Cardano (ADA) is nearing the point where the horizontal support and the descending resistance line converge, creating a make-or-break moment for the trend. Will ADA be able to break through the resistance and climb higher, or will it fall further towards the support zone? That is the question.

TRON (TRX) Trending Upwards in February

Zooming out, TRON (TRX) has been on an uptrend since June 2021, largely sustaining its value even as even the biggest altcoins plummeted in price during the long, cold crypto winter of 2022. TRON (TRX) has since positioned itself as one a premier stablecoin platform, with over $50 billion stablecoins circulating on the platform. TRON (TRX) has parlayed its stability into becoming a major DeFi player, trailing only Ethereum (ETH) in stablecoin capitalization. TRON (TRX) is on a roll in the past 24 hours, registering a 3.4% gain as it trades at $0.125 as of this writing.

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DeeStream (DST) Presale Drawing Crypto Whales

The DeeStream (DST) presale launch is attracting whales across the crypto world, and when whales move, they make waves. Thus far, the decentralized video streaming protocol has drawn over 3,500+ new users to stage 1 of its presale launch, foreshadowing major demand for DeeStream’s native token, DST. The massive demand is a prelude to what could be parabolic growth in 2024.

DeeStream (DST) is building the first viable contender to centralized streaming platforms like Kick, Twitch, TikTok, and YouTube—only without the censorship, fees, and severely limiting rules they impose. The benefits DeeStream (DST) offers is expected to drive demand for DST tokens, and cause prices to surge especially after the Bitcoin halving and the bull market it is expected to herald.

Currently, DST tokens are available at $0.035 as of stage 1. Prospective investors could be in for major gains in 2024 considering DeeStream (DST) has already ensured the conditions for a successful launch by having all smart contracts audited, team token allocations locked for 1,000 days, and liquidity locks implemented for life. It’s easy to see why DeeStream (DST) is being tipped by market analysts as one of the best presale investment opportunities of the year—don’t miss out on a golden opportunity to get in at the most ideal time.