XRP holders consider DeeStream presale; Bitcoin breaks above $50K
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XRP holders are hopeful due to recent court rulings and possible settlements in the SEC v. Ripple legal dispute. Bitcoin (BTC) has reached a new milestone of $50K, indicating increasing interest from institutional investors.
In this context, DeeStream (DST) is gaining attention for its decentralized streaming platform. In the ongoing presale, DST is trading for $0.035.
XRP traders hopeful amid legal developments
XRP is up almost 5% in the past week, reaching $0.5322.
A crypto lawyer predicts a potential settlement in the SEC v. Ripple lawsuit in 2024, citing the election year and the possibility of new SEC management influencing the case.
Another attorney highlights the lawsuit’s potential impact on Ripple’s operations.
Technical analysis is bullish about XRP, expecting gains above $0.5629 and $0.6012 resistance levels.
Spot Bitcoin ETF inflows surpass miner production
On Feb. 12, there was a significant increase in the amount of money flowing into spot Bitcoin ETFs, exceeding the amount of Bitcoin produced by miners.
The preliminary numbers suggest that over $493.4 million or 10,280 BTC was invested into these ETFs, with BlackRock’s iShares Bitcoin Trust leading with $374.7 million.
Fidelity’s Wise Origin Bitcoin Fund and Ark 21Shares Bitcoin ETF also attracted substantial investments.
This trend highlights growing institutional interest in Bitcoin, as ETF investments outstrip BTC mined.
DeeStream aims to reshape decentralized streaming
DeeStream is a decentralized content streaming platform currently in its presale phase. At this stage, DST is trading for $0.035.
It aims to offer a user-friendly experience to content creators and audiences worldwide.
By addressing the challenges faced by streamers, DeeStream seeks to redefine streaming services and revolutionize the way content is consumed.
The ongoing token sale has gained momentum, indicating the platform’s potential to influence the content streaming industry.
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