With the continuous advancements and innovations coming to Web3, it is no surprise that a streaming platform has been designed. DeeStream (DST) is a streaming service designed to have a decentralized governing structure. With DeeStream (DST), users can join from anywhere worldwide, and streamers have full access to their money. While the platform is a great innovation, the native token is now having a field day in the news.
The DeeStream (DST) token sells for only $0.035 per token. DeeStream (DST) owners have said there will be a total token supply of 300 Million in its lifetime. Also, DeeStream (DST) will see a liquidity lock for life and a team token lock for 1,000 days. With all these security and guarantees placed by the protocol, top analysts say DeeStream (DST) will overtake tokens like Tron (TRX) and Polkadot (DOT) in 2024.
The Tron (TRX) protocol was created as a community for content creators. Engineered to give digital content creators a high level of ownership for their work, Tron (TRX) gained multiple investors to achieve its aim. However, somewhere down the line, Tron (TRX) became a platform to launch decentralized applications (dApps). Tron (TRX) drew massive support by opening its developmental road to the crypto economy as an alternative to the Ethereum network.
As of writing, Tron (TRX) is experiencing a market dip like never before. In the last 24 hours, Tron (TRX) has experienced a 1.40% drop in token value. This drop has resulted in a total market value loss of $141 Million. After losing its top 10 spots by market capitalization, Tron (TRX) now trades an average of $245 Million daily. Analysts predict that the bearish Tron (TRX) rally in the last three weeks only suggests more losses. With innovations such as DeeStream (DST), which targets the same market as Tron (TRX), it is likely Tron (TRX) will no longer be worth holding in 2024.
In the last 24 hours, Polkadot (DOT) gained an impressive 1.08% market value, bringing its token value to $6.70. Polkadot’s (DOT) total market value now sits at $8.5 Billion. With an initial decline and drop in price since the beginning of 2024, Polkadot (DOT) has signalled a bearish rally. Analysts said this trend only means the Polkadot (DOT) token value could surge in the long run. Still, as it stands, the Polkadot (DOT) is weak.
The expert advice on the news is that holding Polkadot (DOT) is a good deal for its current holders. However, a new buyer should seek alternatives like DeeStream (DST). Current holders should also consider adding DeeStream (DST) to their portfolio. This is because Polkadot (DOT) is in a different class. While it stabilizes or loses, DeeStream (DST) is immune to what affects it as it is in another token class and can absolve the losses of Polkadot (DOT).
Find out more about the DeeStream (DST) presale by visiting the website here
The content featured on Coinpedia's press release page is provided for informational purposes only. Coinpedia does not endorse, verify, or take responsibility for the accuracy, completeness, or reliability of any press releases or associated materials. Any views, opinions, or statements expressed in these press releases are those of the respective issuers and do not reflect the opinions or positions of Coinpedia. Coinpedia is not liable for any content, products, services, or actions mentioned in the press releases. Readers should independently verify the information before taking any actions related to the subject matter of the releases.
The United States Securities and Exchange Commission (SEC) has approved the in-kind creation and redemption…
Strategy (Nasdaq: MSTR, STRK, STRF, STRD), the largest corporate Bitcoin (BTC) holder, has made a…
Bitcoin's upward momentum could face a major hurdle as over 613,000 BTC—worth billions—loom over the…
Ethereum is the heart of the decentralized world, enabling all smart contracts, NFTs, and the…
The crypto world is in a frenzy over Ruvi AI (RUVI), the AI-powered altcoin that’s…
Hong Kong’s stablecoin rules are set to launch this August, and JD.com is quietly making…
