In the busy world of investing in digital money, DeeStream’s presale has become really popular. More than 17,800 people are interested in it because they think it might make them a lot of money. But as investors flock to DeeStream’s presale, other major cryptocurrencies like Polkadot and Litecoin are navigating their own market challenges and triumphs.
Polkadot finds itself in a precarious position, grappling with a ‘Death Cross’ formation that has cast a shadow over its price trajectory. This ominous sign, characterized by the 50-day EMA slipping below the 200-day EMA, suggests potential further losses for Polkadot. While Litecoin’s price has shot up and attracted a lot of attention, DeeStream’s presale is also making waves. Moreover, investors anticipate substantial profit from DeeStream in the second quarter of 2024.
Polkadot Faces Market Challenges Amidst ‘Death Cross’ Formation
Polkadot’s price has dropped below $9 and it’s facing a challenging situation marked by a ‘Death Cross’ on its price chart. This ‘Death Cross’ happens when the 50-day Exponential Moving Average (EMA), goes below the 200-day EMA. This usually suggests that there might be more losses in the future for Polkadot. Unlike some other digital currencies, Polkadot hasn’t bounced back to its highest price from a year ago.
This means it’s not doing as well as its competitors. Its performance has been weaker, keeping it among the cryptocurrencies that aren’t doing as well. Current signs in the market, like a lower than normal Relative Strength Index (RSI) and less interest from investors, hint that Polkadot’s price might keep dropping. Recently, Polkadot’s price has been around $8.63 and with the ‘Death Cross’ formation, there’s a bigger risk of its value going down even more.
Litecoin Leads Altcoin Market Rally
Litecoin saw a significant spike of almost 10% on April 2nd, leading a rally in the altcoin market during that day’s trading session. According to Santiment, a data provider, this surge in price was driven by a notable increase in Litecoin’s transaction volume over the past month. On a 30-day moving average, Litecoin’s daily transaction volume surged by 124%, indicating heightened activity in trading.
The surge in Litecoin’s price was attributed to the re-emergence of dormant whale addresses, which are large holders of the cryptocurrency. These whales moved their coins around to take advantage of Litecoin’s month long price growth. Additionally, the Mean Dollar Invested Age metric for Litecoin has been trending downwards since March 4th. Key momentum indicators for Litecoin, such as the RSI and MFI, showed an uptick in demand for the coin.
DeeStream Presale Draws More Investors For Substantial Profit Opportunity
DeeStream is like YouTube and Twitch, but with a twist, it’s decentralized. This means that there’s no big company controlling everything. Instead, DeeStream uses blockchain technology to make sure everything is fair and open for everyone involved. Content creators can connect directly with their audience, share exclusive content and even sell it on the DeeStream marketplace.
Unlike traditional streaming platforms, DeeStream shares its revenue with presale token holders, that’s people who buy tokens early. Money comes into DeeStream from ads, fees from using the platform and fees for subscribing. This helps make sure that everyone wins when DeeStream does well. With over 17,800 registered users and 3,400 investors already on board, DeeStream’s presale is currently in Stage 2, offering tokens at a price of $0.06.
Find out more about the DeeStream presale by visiting the website here
