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In a week of dramatic swings, Shiba Inu (SHIB) records a 290% surge, while Ripple (XRP) and Litecoin (LTC) show mixed performances amid market volatility. Investors’ interest peaks in the DeeStream (DST) presale, highlighting a shift towards decentralized streaming solutions.
SHIB experiences significant increase in just 3 days
Shiba Inu has witnessed a staggering increase of over 290% in the past week, with a notable portion of these gains accrued in the last three days. Concurrently, its trading volume has surged by over 20% in recent days.
However, some investors express concerns regarding the speculative nature of such gains, particularly noting the tendency for meme coins like Shiba Inu to attract speculation.
Ripple gains momentum as Litecoin trading volume falls
Ripple experienced a resurgence in momentum this week, surging by over 15%. This was accompanied by a noteworthy increase of over 40% in trading volume. Conversely, Litecoin saw a 27% increase in price over the past week, albeit with a decline of over 15% in trading volume.
Amidst these developments, Ripple and Litecoin investors are taking preventive measures against potential bearish market conditions.
DeeStream ensures freedom of speech for streamers
DeeStream is the first live-streaming platform using blockchain technology. It offers a decentralized platform that competes with established services like Twitch or YouTube.
This platform promises freedom of expression within legal limits and incentivizes streamers’ participation through various revenue opportunities. Additionally, it offers a swap service for exchanging cryptocurrencies without commission, enhancing its appeal.
The ongoing DeeStream presale offers an early investment opportunity, with tokens priced at $0.04. Investors are drawn to the potential for substantial returns and the chance to earn a share of the platform’s revenue fees.
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Source: https://crypto.news/shiba-inu-surges-290-deestream-presale-draws-attention-xrp-and-ltc-bulls-enthralled/