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In this article, we explore the performance of the Solana (SOL) and Binance Coin (BNB) markets amid the broader crypto bullish rally. Additionally, we delve into the reasons why investors in these cryptocurrencies are showing interest in DeeStream (DST), a blockchain-based streaming platform.
Solana (SOL) Relegated to 5th position in Market Capitalization
Solana (SOL) has experienced a notable surge of over 14% in the past week, climbing from $101.22 to $116.05. This upswing suggests that Solana (SOL) is still riding the wave initiated by Bitcoin (BTC) surpassing $50,000. However, the trading volume has remained stagnant in recent days, prompting questions about the extent to which this price increase is driven by market speculation.
Moreover, Solana (SOL) has slipped back to the 5th position in market capitalization, with Binance (BNB) regaining the 4th spot. This shift may elucidate why investors are diversifying their portfolios by exploring alternative opportunities such as DeeStream (DST).
Binance Coin (BNB) bouncing back
Binance Coin (BNB) also appears to be on an upward trajectory. It has experienced a notable increase in value of over 9% in the past week, surging from $317.23 to $348.38. Furthermore, unlike Solana (SOL), Binance Coin (BNB) has not encountered any significant slowdowns in trading volume, indicating a sustained growth trend.
This favorable development may imply that Binance Coin (BNB) is successfully navigating its regulatory hurdles and reputational challenges stemming from the resignation of its founder, Changpeng Zhao (CZ), earlier this year.
DeeStream (DST) has potential for significant returns
Taking a closer look at the live-streaming market, it’s projected to surpass $247 billion by 2027, with a significant portion of viewers shifting away from traditional TV to live-streaming. Approximately 23% of global viewing time is dedicated to live content, while 42% of individuals in the USA have engaged with live-streamed content.
DeeStream (DST) enters this lucrative market as a disruptive force, offering a decentralized streaming platform akin to established players like Kick or Twitch but with a decentralized model. Leveraging the power of blockchain and decentralization, DeeStream (DST) enjoys a first-mover advantage in this burgeoning industry.
Streamers find it seamless to join the platform, requiring only a simple registration process, allowing their fans to easily connect and engage with their content. Notably, DeeStream (DST) offers streamers higher compensation than traditional platforms, along with features such as instant deposits and withdrawals, and a commitment to freedom of expression within legal boundaries. For fans, the platform offers a rewarding experience, with opportunities to participate in incentive programs based on completing tasks and reaching various milestones.
Investors are invited to participate in the presale, currently in its initial stage, with tokens priced at just $0.035. Beyond the potential for returns as significant as 30x, presale investors stand to receive a proportionate share of revenue generated on the platform, while token holders gain influence over its direction and decision-making processes.
Despite the recent successes of Solana (SOL) and Binance Coin (BNB), DeeStream (DST) presents a compelling opportunity with superior growth potential.
Find out more about the DeeStream presale by visiting the website here
*This article was paid for. Cryptonomist did not write the article or test the platform.
