Due to the current slow state of the DeFi market, some of the best DeFi cryptos, like Solana (SOL), are demonstrating bearish momentum. Solana (SOL) is declining in value, and experts predict the trend to continue into February. At the same time, cryptos like Binance Coin (BNB) and the new DeeStream (DST) are drawing in more investors as they chart a rising path in the crypto market.
In this article, we will visit why Solana (SOL) looks dangerous this February, DeeStream’s (DST) presale, and why Binance Coin (BNB) looks tempting.
Solana (SOL) is Demonstrating a Bottom-up Surge
In recent years, the crypto world has witnessed the meteoric growth of Solana (SOL), a blockchain platform that has amassed prominence and widespread attention. Solana’s (SOL) remarkable growth has captured the interest of numerous investors who recognize the project’s exceptional utility, especially when it comes to blockchain scalability and interoperability. But despite having so many people jump on its hype train, Solana (SOL) has been on a downward trend lately. According to renowned crypto analysts, Solana’s (SOL) price is expected to experience a 6.12% dip and reach its lowest point by February 2024.
BNB (BNB) is Topping Crypto Charts
Since its launch, Binance Coin (BNB) has consistently been showing impressive performance on the crypto market. Also known as Binance Coin, this native token of the Binance exchange experienced an astronomical bullish price surge in early 2021. This event is what helped to elevate BNB (BNB) status among investors and crypto enthusiasts alike. As of January 2024, Binance Coin (BNB) has witnessed a 6.05% surge in its price which contributed a substantial average increase of $18.18 to its present value. This abrupt upswing suggests the potential for Binance Coin (BNB) to establish itself as a chart-topping asset, especially if it continues to grow at this rate.
Is DeeStream (DST) the Crypto of the Future?
With the daily introduction of new cryptocurrencies to the DeFi market, it’s uncommon to find projects that provide actual utility for investors like the newly emerging DeeStream (DST). DeeStream (DST) is a first-of-its-kind Web3 platform that possesses a fully decentralized streaming model. The platform, which combines the unique features of big-league platforms like Twitch and YouTube, was developed to connect content creators and subscribers around the world. DeeStream (DST) allows content creators to monetize their content using a peer-to-peer network. Subscribers can access exclusive content and even resell it within the platform’s decentralized marketplace.
Currently, in the first stage of its presale, DeeStream (DST) provides a prime opportunity for potential investors to buy its native token, DST. 70% of the DST’s total supply of 300 million units will be sold via the live DeeStream (DST) presale at $0.035 per token. Token holders can engage in important decision-making processes and propose modifications and additions that will lead to the growth of the DeeStream (DST) platform.
Crypto experts recommend investing in the presale as investors stand to receive a portion of the platform fees as a revenue share for the duration of their token holdings.
Find out more about the DeeStream (DST) presale by visiting the website here
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Source: https://cryptodaily.co.uk/2024/02/experts-explain-why-solana-sol-looks-dangerous-in-february-while-deestream-dst-presale-and-binance-coin-bnb-looks-tempting