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In the volatile world of cryptocurrencies, distinguishing between the promising contenders and the rest is key. Despite the market’s turbulence, certain coins hold an intrinsic value that transcends current price fluctuations.
Today, we scrutinize the price movements of Toncoin (TON) and Bitcoin Cash (BCH), probing the motivations behind investor interest in the fledgling DeeStream (DST) project.
Toncoin (TON) price now stabilizing
Toncoin (TON) has experienced a notable decline over the past month, falling by over 6%. From its peak of $2.45 on January 16th, it has dropped by approximately 14%, currently trading at $2.10. This downward trend is also reflected in its market capitalization, which has decreased from $8.47 billion to $7.27 billion during the same period, marking a significant 14% decline.
While there has been a slight uptick of about 1% in the past day, indicating a potential recovery phase, Toncoin (TON) is yet to be fully stable. Despite earlier gains leading up to January 16th, investors are now seeking more promising opportunities amidst this period of consolidation.
Impressive recovery of Bitcoin Cash (BCH)
Bitcoin Cash (BCH) has staged an impressive recovery after nearly a month of decline, surging by 12.91% in the past day. This surge is accompanied by a remarkable nearly 300% increase in trading volume, along with a 12.94% rise in market capitalization, all within the same timeframe.
Notably, the volume-to-market-cap ratio stands at 11.42, indicating high liquidity in the market. This surge in Bitcoin Cash (BCH) value coincides with anticipation surrounding an upcoming NFT collaboration between Bob Token and Bitcoin Cash (BCH). However, it remains uncertain whether this sudden turnaround is substantiated by underlying factors or driven purely by market speculation.
DeeStream (DST): A prospective blue-chip cryptocurrency
DeeStream (DST) emerges as a novel contender in the decentralized streaming realm, challenging industry stalwarts like Kick and Twitch with its unique decentralized governance model. Positioned in a market projected to hit $247 billion by 2027, DeeStream (DST) enjoys a coveted first-mover advantage.
The platform fosters a vibrant ecosystem where streamers can effortlessly join by filling out a simple form, enabling direct connection with their audience. Streamers earn through Dee gifts, subs, and packages, all while enjoying the freedom to express opinions within legal bounds without the fear of bans. Meanwhile, fans actively engage in reward programs, achieving milestones and tasks.
For investors eyeing this burgeoning market, DeeStream’s stage one presale offers an enticing entry point at just $0.035 per token. Beyond potential gains, presale participants receive a share of platform revenue corresponding to their holdings. Moreover, token holders wield influence over the platform’s future direction.
Investors can rest assured of security, as DeeStream’s (DST) code has successfully passed its audit. Additionally, the transparency of blockchain ensures that all transactions are secure, transparent, and immutable. Thus, we believe this could be an opportunity to get into a future blue-chip cryptocurrency at an extremely good price point.
Find out more about the DeeStream (DST) presale by visiting the website here
