Most cryptocurrencies are still posting losses but there seems to be a general revival in the market as the Bitcoin halving event draws near. In this article, we discuss the market dynamics of TRON and Ripple and how their investors are reacting to current market conditions.
We also explore DeeStream, a new project that’s catching the eye of TRON and Ripple investors. We discuss the reasons behind these and the uniqueness of its ongoing presale.
TRON drops to January position but trading volume trends show signs of recovery
TRON’s price is down 3.55% in the last week and 17% in the past month. It is now trading at $0.116, a price last seen in late January. However, its trading volume trend shows signs of a potential recovery as it has increased by 45% in the past few days. TRON’s blockchain-based operating system is fundamental to the development of web3 and the market has awarded the project with a $10B valuation.
In early March, TRON set a new yearly high of $0.144 but has been on a downward trend since then. This new volume trend has given investors hope that a new rally is around the corner.
Despite the trading volume trend, TRON investors have already recorded losses and are now considering other opportunities. They are choosing DeeStream due to its status as the next big thing in the streaming industry.
Ripple also posts negative price movements with a significant volume rise
Ripple has also posted negative price movements in the past week and month. In the past week, It has fallen 8% from $0.64 to $0.58 and has already dropped 6% in the past month. Ripple has now fallen below the support point of $0.60 and analysts now project more losses for the token. Notwithstanding, its trading volume is up 70% in the past few days, surpassing $2B soon. This volume trend is a sign that investors believe it will recover soon.
The Bitcoin halving event presents an exciting opportunity for Ripple to recover. Investors who have been waiting for a $1 milestone believe the event presents the optimum time for Ripple to reach this milestone.
Ripple investors are also moving investments into the DeeStream presale. They believe in its future success in the streaming market and the opportunity for a huge return on investment.
DeeStream is building a sustainable ecosystem
DeeStream is a novel decentralized streaming platform with unique features and benefits. It sets itself apart from market leaders like Twitch and Kick with its fully decentralized model. DeeStream possesses a rare first-mover advantage in the streaming market.
With much lower fees, instant payouts and withdrawals, lucrative rewards and complete control over funds, DeeStream is building a sustainable ecosystem.
If DeeStream excites you, its presale offers an opportunity to gain huge returns. It is currently in its second stage and offered at a discounted price of $0.055. This is the best time to take advantage of this opportunity as the price would increase in the next stage.
DeeStream has already gathered over 17K users and over 3.3K holders since the onset of its presale. These users and investors are excited about its prospects.
Find out additional information about the DeeStream presale by visiting the website here.
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