The crypto market wobbles as volatility rears its head again. Volatility is a paradise for experienced traders and a nightmare for those who are learning to navigate the market. Long-term investors who want to make substantial gains are interested in holding promising but undervalued assets.
DeeStream (DST), a new decentralized streaming platform, has already welcomed investors from the Ethereum Classic (ETC) and Kusama (KSM) communities. Analysts are singing its praises, claiming that it is one of the top altcoins to buy in 2024. This article looks at why DST is gaining traction from savvy investors.
Ethereum Classic (ETC): Faltering but hopeful price action
Ethereum Classic is one of the oldest blue-chip cryptocurrencies in the world, yet it fails to deliver sizable returns for its investors. One thing going for Ethereum Classic (ETC) is that it has stood the test of time, survived several market cycles, and can benefit from Ethereum’s rallies.
ETC is down 10% in the past month and the blame can rest on the shoulders of the broader crypto market. Investors find themselves frustrated over the cryptocurrency because of its muted price action. In the past year, Ethereum Classic is up 49%. However, some investors feel that Ethereum Classic (ETC) underperforms when compared to its peers.
Kusama (KSM): Mixed reactions
Kusama is getting mixed reactions from investors because of its muted price action. Amid a temporary market downturn, Kusama (KSM) has enjoyed a 32% surge in the past year. The weekly chart shows that KSM is 14% down. Kusama is described as Polkadot’s (DOT) cousin built to offer massive interoperability for blockchain developers.
Kusama has a total supply of 10 million tokens, a key factor in the rising price of KSM. While investors approach Kusama (KSM) with caution, holders are trimming their position sizing and reallocating to new, promising projects.
DeeStream (DST): A new presale gem on the horizon
DeeStream has thrown its name in the hat for remarkable gains in the future. Thanks, in part, to the Bitcoin (BTC) halving, DeeStream (DST) has become a new home for savvy investors anticipating returns as high as 100x.
DeeStream has an important role to play in the streaming space. Through its approach, DST allows content creators to monetize their audiences. On the other hand, it also has great tokenomics.
The new cryptocurrency will mint a total of 300 million tokens and investors have been allocated 210 million DST tokens during the presale. Each DST token has a low price of $0.05. Investors are urged to use DeeStream early to maximize their profits down the line.
Find out more about the DeeStream (DST) presale by visiting the website here.
Disclaimer: This article is sponsored content and is not financial advice. CryptoNewsZ does not endorse or guarantee the accuracy of the content. Readers should verify information independently and exercise caution when dealing with any mentioned company. Investing in cryptocurrencies is risky, and seeking advice from a qualified professional is recommended.
Source: https://www.cryptonewsz.com/etc-and-ksm-investors-find-refuge-in-dst-as-market-wobbles/