The digital currency world is abuzz with Ethereum’s value rising amidst big market changes. At the same time, Australian investors are turning to Bitcoin’s market after the SEC gave ETF approval, shaking up the cryptocurrency scene.
Also, DeeStream (DST) is getting a lot of attention for its smart use of blockchain technology to change the streaming industry, surpassing expectations. Let’s take a closer look at these happenings and how they’re affecting digital currencies.
Ethereum (ETH) Rises Amid Big Changes
Ethereum (ETH) has seen a big increase in its value lately. More than 800,000 Ether, worth about $2.4 billion, has been taken out of the market since the year started. This high demand has driven Ethereum’s value up by 32%, reaching $2,950. There are only 2 million addresses at a loss, while a huge 92 million addresses are making money. The Market Value to Realized Value ratio is at 59%, meaning a lot of people are making good profits. But, there are some signs we need to be careful about as the market might be getting too expensive.
Australian Investors Interested in Bitcoin (BTC) After ETF Approval
The recent approval of eleven Bitcoin Exchange Traded Funds (ETFs) by the U.S. Securities and Exchange Commission has grabbed the attention of Australian investors. About 34% of Australian investors know about this and 25% like Bitcoin (BTC) more after the ETF approval. But, there are worries about the price going up and down a lot, not enough safety measures, and things being unclear. Different age groups prefer different ways to invest, with younger Australians liking crypto exchanges and older ones preferring ETFs. As we get closer to halving, 41.4% of Australian investors are thinking about getting involved more in Bitcoin’s market in the next year.
DeeStream (DST) Changing Streaming with Blockchain
DeeStream (DST) wants to change how we stream videos using blockchain technology. It’s good for both people making the content and those watching it. Unlike regular streaming services, DeeStream (DST) will make sure everyone gets a fair and open experience without any censorship.
DeeStream (DST) stands out due to its utilization of blockchain technology, which expedites transactions, diminishes fees and establishes a decentralized system devoid of a singular controlling authority. Currently, they are offering tokens at a price of $0.04 each during a presale, attracting considerable interest. Purchasing these tokens entails not only an investment in the project but also grants special privileges, allowing participation in decision-making processes and a share in the profits.
In the evolving landscape of streaming services, DeeStream (DST) appears to be a prudent option, emphasizing transparency, accessibility and empowering users.
Find out more about the DeeStream presale by visiting the website here
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