Bitcoin’s halving event is only 16 days away and the market frenzy is at a record high. In this article, we discuss how the event is affecting Ethereum and Dogecoin investors and their various projections.
We also focus our attention on DeeStream, a new market entrant. We investigate why its presale is attracting Ethereum and Dogecoin investors and its unique offerings in the streaming market.
Ethereum investors still hope for an ATH record even as the price decline continues
Ethereum is down 5% in the past week from $3.54K to $3.35K. The prolonged market downturn has now affected its monthly trend, declining by 2%. With a 17% decrease in trading volume in the past day alone, analysts think this downturn will continue till mid-April. By this time last month, Ethereum was on its way to its all-time high record of $4.89K.
Though market conditions predict hard times for Ethereum, the inherent volatility of the crypto market means these conditions can change at any time. Specifically, experts point to the upcoming Bitcoin halving event as a period in which Ethereum could overturn its current price trend. Given the historical positive sentiments around this event, some investors are hoping for an all-time high record.
Dogecoin investors dream of $1 milestone in Q2
Dogecoin has declined 2% from $0.186 to $0.183 in the past week. Though it has still increased by 33% in the past month, trading volume is down 20% in the past few days. The premier meme coin is worth $26B and is the 8th most valuable cryptocurrency by market capitalization.
The meme coin boom saw Dogecoin and other meme coins post gains of up to 3X in just a month. Some analysts think the Bitcoin halving event could ignite another boom and investors are strategically choosing meme coins to invest in. These investors believe that Dogecoin could cross its all-time high of $0.74 this month and reach $1 before the end of Q2.
Other Dogecoin investors are not putting all their eggs in one basket. They are shifting investments into DeeStream, excited about its 50x growth potential and the unique benefits available.
DeeStream distinguishes itself from Twitch through blockchain technology
DeeStream is a groundbreaking streaming platform distinguished from market leaders like Twitch and Kick through its integration of blockchain technology. The live-streaming market is forecasted to surpass $247B by 2027 and DeeStream already has a rare first-mover advantage.
Streamers on DeeStream earn revenue from their supporters through Dee gifts, subscriptions and packages. They also have the freedom to express any opinion provided it is within the law.
Investors can participate in this exciting platform by joining the ongoing presale. It is currently in the second stage with a price set at just $0.055. Presale investors stand to gain significant returns. In addition, they are not left out of platform benefits. They receive a portion of the revenue fees generated on the platform based on their holdings and exert influence over the platform’s future trajectory and development.
If DeeStream excites you, visit the website here to find out more about the presale.
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