Q1 2024 might have ended on a sour note for investors but it will be remembered for setting the continuation of the current uptrend. The U.S. regulators approved multiple spot Bitcoin (BTC) ETFs in January a move that saw billions of dollars flow into the crypto ecosystem.
It was interesting that away from the public eye, Solana (SOL) and Cardano (ADA) holders started buying DeeStream (DST) tokens during its ongoing presale. They have done so in anticipation of a huge price surge in Q2 and beyond. Is DeeStream (DST) a good crypto investment in Q2 2024? Let’s find out.
Solana (SOL) Slides, $400 Million in Long Position form Liquidated
Q2 2024 started on a brutal note that saw leveraged bullish bets worth $400 million liquidated. Solana (SOL) holders were not spared in the bloodbath after losing 1.5% in the past 24 hours. Trading at $185.88 at press time, Solana (SOL) is 3% down from last week.
As uncertainty continues to grip the crypto market investors take a cautious approach as they don’t want to lose money. Solana (SOL) had recently surpassed $200 with analysts calling for a new high in this quarter. This is a difficult moment for traders as they don’t know how the market will behave in the next few days. Solana (SOL) has been on a hot streak and traders will want nothing less. However long-term investors are not fazed by the price drop of Solana (SOL) or other cryptocurrencies. They know that Solana (SOL) will be eventually profitable.
Dogecoin (DOGE) Knocks Cardano (ADA) off its Perch
Dogecoin (DOGE) the world’s leading meme coin recently knocked Cardano off its eighth position on the list of the top cryptocurrencies by market capitalization. Cardano (ADA) has a market cap of $20.7 billion at the time of writing while Dogecoin’s (DOGE) sits at $26.5 billion. This further infuriates Cardano (ADA) holders who feel that the cryptocurrency is not performing as it should be.
Dogecoin (DOGE) capitalized on the meme coin hype while Cardano (ADA) has not seen a major rally despite technological advancements. Some analysts argue that Cardano (ADA) needs to rethink its marketing strategy. Cardano (ADA) is down 12% over the past week.
DeeStream (DST) Has High Ambition as Q2 Kicks Off
DeeStream (DST), a decentralized streaming platform ready to challenge Twitch and YouTube, is aiming higher as its presale gets off to a flying start. After progressing from stage 1 to stage 2, investors can buy each DeeStream (DST) token for only $0.055. DeeStream (DST) has become a hit with investors because of the practical importance of its services.
As a decentralized streaming platform, DeeStream (DST) connects content creators with their fans, allowing them to have unlimited earning potential. The platform’s lower fees, instant payout feature and freedom of speech will help attract quality content creators.
Looking at DeeStream’s innovative platform showcasing its POC design and game changing features, it’s easy to see why it’s gaining all the attention. DeeStream (DST) is projected to kick into higher gears in Q2 due to the upcoming Bitcoin (BTC) halving event.
Find out more about the DeeStream (DST) presale by visiting the website here.
Read More: DeeStream (DST) Stands Out for Cardano & Solana Investors Amid Market Swings