DeeStream to tap into $250b market as Ethereum and Chainlink struggle
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DeeStream (DST) is a decentralized streaming platform offering advantages such as greater freedom of expression, lower fees, and more transparency. In stage one of its presale, DST is trading for $0.035.Â
Early DST investors may benefit from the decentralized streaming market, projected to reach $250 billion by 2027.
Ethereum is resilient
Despite the recent downturn, Ethereum (ETH) has remained relatively stable, holding above $2,200.
This stability may be due to increased activity from large institutional investors, known as whales, who are betting on an upcoming approval of a spot Ethereum exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC).
The surge in whale activity has led to a significant increase in liquidity and confidence, offsetting selling pressure.
Chainlink is bearish
Chainlink (LINK) has struggled in the past seven days, losing 10.4% and ranking second among the top 20 cryptocurrencies in losses.
However, there are some signs that the price might start to recover.
Prices are trending higher inside an ascending triangle, a bullish sign.Â
Additionally, the descending trend line in the LINK/BTC trading pair is breaking down; a signal of possible recovery.
However, there are also some bearish signs.
The 20-day and 50-day EMAs are potential resistance levels.
At the same time, other indicators like Fibonacci retracement levels, RSI, and MACD provide mixed signals.
DeeStream aims to reshape decentralized streaming
DeeStream is a decentralized streaming platform similar to popular platforms like Twitch, Facebook Live, and TikTok Live.
Decentralization gives token holders more power over the platform through governance.
DeeStream is easy to use and allows fans to watch their favorite streamers from all over the world.
Streamers can earn money through various channels, including gifted subs, Dee gifts, and packages. DeeStream also differs from other streaming platforms because it has low fees and decentralized decision-making.
DST is changing hands for $0.035 in stage one of its presale.
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