The cryptocurrency market had a great start to the year, mainly buoyed by the approval of multiple spot Bitcoin (BTC) ETFs in the U.S. However, the market tumbled after a major sell-off that liquidated more than $900 million from leveraged long traders in March.
Despite this setback, analysts are predicting an electrifying surge for DeeStream while issuing cautionary warnings for XRP and Litecoin (LTC). DeeStream (DST), a decentralized streaming platform has to thank its innovative approach for fueling optimism for a promising Q2. XRP and LTC investors have joined the DeeStream (DST) presale due to its high growth potential.
Should XRP and LTC investors seek refuge in DST?
XRP: AMM pools face challenges
RippleX, the development arm of XRP, has detected an anomaly in certain automated market maker (AMM) pools. This has caused disruptions in transaction execution and unsettled the XRP community. XRP has previously said that the introduction of AMM is a major milestone for the firm.
The price of XRP has been lagging behind other major cryptocurrencies. XRP gained 4.92% in the past month. XRP recently reached a high of $0.735 before retreating to $0.6272 at press time.
Litecoin (LTC) attracts 90,000 new users ahead of Bitcoin (BTC) halving
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Litecoin attracted 90,000 new funded wallets in March 2024. The interest in Litecoin (LTC) comes as the crypto industry prepares for Bitcoin (BTC) halving, an important predetermined crypto event that usually precedes a bull market. This surge in funded wallets within the Litecoin network could pave the way for a price increase.
LTC is trading at $90.67 at press time, 29% above its price a week ago. Analysts claim that this metric is bullish for Litecoin because it effectively captures the expansion of user acquisition and the active investor community. However, analysts have warned that LTC looks vulnerable when bears take over the market.
Bullish Q2 outlook for DeeStream (DST)
DeeStream is gearing up for an exciting Q2 as its presale attracts top-tier holders from Litecoin (LTC), XRP, and several other blue-chip cryptocurrencies. The real deal is DeeStream’s compelling value proposition to content creators, viewers, and investors. DeeStream (DST) is an innovative streaming platform that leverages decentralization to deliver a unique user experience for creators and their fans.
DeeStream has set the stage for a bullish outlook in the third quarter of 2024 thanks to its robust roadmap, presale perks for early investors, and the growing community of creators and viewers. As excitement builds around the presale, analysts are optimistic about the potential for DeeStream (DST) to make significant strides in the coming months.
Investors are participating in the DST presale, with data showing that whales are buying tokens in each successive stage as they monitor the project’s development.
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Find out more about the DeeStream (DST) presale by visiting the website here.
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