DeeStream (DST) has recently been making waves in the crypto industry. Its revolutionary presale propels it to the forefront of the crypto rankings, competing with older cryptos like Enjin Coin (ENJ) and The Sandbox (SAND).
DeeStream’s (DST) astronomical growth is prompting holders of gaming cryptocurrencies like the Enjin Coin (ENJ) and The Sandbox (SAND) to buy the DST token as DeeStream (DST) looks to hit 25x in months.
Enjin Coin (ENJ) and The Sandbox (SAND) Lose Holders Due to Price Decline
Enjin Coin (ENJ) is a part of Enjin, a company that offers blockchain-based gaming products to crypto users worldwide. The Enjin Network lets users create websites, clans, and virtual item stores. Though it is one of the most popular projects in the crypto space, Enjin Coin (ENJ) has experienced a downturn in its performance on the crypto charts.
Throughout 2023 and continuing into 2024, ENJ has faced challenges, with its value declining. The announcement of Enjin Coin’s (ENJ) transition to its blockchain coincided with legal actions by the United States Securities and Exchange Commission (S.E.C.) against significant exchanges like Binance and Coinbase. This unfortunate timing reduced any potential positive impact on Engine Coin’s (ENJ) value. As a result, the NFT-focused coin’s value has decreased since the beginning of the year.
Regarded as a leading NFT-based platform in crypto, The Sandbox (SAND) is an online virtual environment built on blockchain technology. Just like Enjin Coin (ENJ), The Sandbox’s (SAND) platform enables users to generate, construct, purchase, and trade digital assets within a gaming world. Integrating decentralized autonomous organizations (D.A.O.s) and NFTs, The Sandbox (SAND) is on its way to becoming a decentralized foundation for an active gaming community.
The Sandbox (SAND) has experienced a downward trend since the beginning of 2024. The price of the SAND token decreased from $0.65 in January to $0.43 in February, marking a decline of over 30% in just one month. Analysts foresee further decline for The Sandbox (SAND), estimating a year-end price target of approximately $0.601.
DeeStream’s (DST) Skyrocketing Value is Attracting Investors
Since its launch into the crypto space, DeeStream (DST) has proven it is set to revolutionize the crypto industry through web3 innovation. It is an online streaming platform with distinguishing features from competitors like Twitch, YouTube, or TikTok. With DeeStream (DST), users can focus on direct payment options and the promotion of free speech. Its decentralized governance model reduces fees for content creators, aligning with evolving viewer preferences, as 44% of audiences prefer live streaming over traditional television.
DeeStream’s (DST) official token, DST, is currently available for purchase at $0.035 per token during the project’s ongoing presale. Token holders can benefit from features such as fee sharing, commission-free swap services, and active involvement in governance.
Experts have predicted that DeeStream (DST) will be the next big project in the DeFi market, and hence why Enjin Coin (ENJ) and The Sandbox (SAND) holders are investing in its presale, with the potential for it to increase up to 25 times its current value in the coming months.
Find out more about the DeeStream (DST) presale by visiting the website here
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