XRP holders explore DeeStream as Bitcoin soars
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Crypto enthusiasts are now turning to DeeStream (DST) instead of XRP as Bitcoin (BTC) rises.
One analysis suggests that XRP could reach $18, but legal challenges and market uncertainties must be considered.
Regulations are slowing Bitcoin’s growth.
Meanwhile, DeeStream is gaining popularity in decentralized streaming. It has a VIP program and stable governance, and DST is trading for $0.035.
XRP to $18?
A crypto analyst named Dark Defender has analyzed the XRP price.
He identified three waves in an ABC correction pattern and predicted that wave three could close at $1.88, $5.85, or even $18.22.
However, there are concerns about a decline to $0.3917.
Ripple’s legal battle with the U.S. SEC adds complexity, with recent rulings leading to uncertainty about XRP’s stability.
Institutional interest fuels Bitcoin’s bull run
Bitcoin is rallying due to institutional interest, mainly through exchange-traded funds (ETFs).
The involvement of BlackRock, Fidelity, ARK Invest, and Bitwise has strengthened the top 25 ETFs.
BlackRock’s IBIT has amassed over $2 billion, indicating that institutional investors increasingly trust Bitcoin.
However, some regulatory challenges, such as Senator Elizabeth Warren’s proposed Digital Asset Anti-Money Laundering Act, could lead to market uncertainty.
DeeStream offers decentralized streaming
While XRP faces legal uncertainties and Bitcoin encounters regulatory obstacles, DeeStream aims to cement its role in decentralized streaming.
With a VIP program, successful audit, team tokens locked for 1,000 days, and decentralized governance, DeeStream provides stability and durability to its users.
DST is trading for $0.035 in the ongoing presale.
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