New projects are continuing to enter the crypto market, aiming to grab the imagination of investors while providing a unique udse case. Altlayer (ALT) is a new DeFI protocol that seeks to become a powerhouse, challenging the likes of Aave (AAVE). However, both platforms are under pressure from an exciting new player in the crypto market, DeeStream (DST), the content-sharing platform set to challenge YouTube and Twitch.
Altlayer (ALT): New DeFi player loses early gains. Is it a bear or a bull?
Altlayer (ALT) is a brand-new DeFi protocol that uses Restaked Rollups to maximize security. By combining various rollups from existing platforms and using a restaking mechanism, Altlayer (ALT) creates a multi-chain model that promotes compatibility and guarantees versatility across base layer chains.
After launching on Binance on January 25, 2024, at $0.2734, Altlayer (ALT) showed bullish sentiment, pushing its value towards $400 million, while the Altlayer (ALT) coin peaked at $0.4611.
However, despite these early rises, the honeymoon period appears to be over for Altlayer (ALT). The past seven-day trading has seen Altlayer (ALT) drop almost 25% to its current value of $0.3131, leaving investors wondering if Altlayer (ALT) turned bearish.
Aave (AAVE): Is the DeFi innovator hitting the buffers?
Aave (AAVE) has built a formidable reputation in the crypto sphere thanks to its ongoing commitment to innovation and flexibility. Its pioneering DeFi protocol allows token staking and new features like flash loans.
Security is at the heart of Aave’s (AAVE) appeal, as it’s shown agility and adaptability to emerging market trends. In addition, its community-led approach, which includes active member governance, has made it a popular investment.
However, 2024 hasn’t been kind to Aave (AAVE). Initial gains in the first half of January 2024 gave way to bearish performance, and the coin is now trading down almost 18% against a month ago at $85.10 at the time of writing.
DeeStream (DST): Disrupting content creation through decentralization
DeeStream (DST) only recently launched its crypto presale and is already attracting investors by being a bastion of free speech. It removes barriers such as censorship and bans to foster a fully open and decentralized content environment.
By removing these arbitrary rules found on other platforms, like YouTube and Twitch, DeeStream (DST) also allows creators to keep more of their earnings. It achieves this by reducing fees and giving creators control over the platform’s future through governance voting rights.
With the native DST token available in stage 1 of the ICO and priced at just $0.035, DeeStream (DST) is the crypto investment opportunity of 2024.
Conclusion
Crypto markets have never been more competitive ahead of a Bitcoin (BTC) halving event, with even the most innovative platforms, such as Altlayer (ALT) and Aave (AAVE), coming under pressure. This year, investors seeking next-level growth potential should enter the DeeStream (DST) presale today.
Find out more about the DeeStream presale at their official website
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