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In 2024, the crypto scene is changing a lot. Dogecoin (DOGE) stays calm, Dai (DAI) is staying steady, and Toncoin (TON) is showing chances to bounce back. DeeStream (DST) offers decentralized video streaming. DeeStream (DST) is currently in its presale stage and special features. To do well in this ever-changing crypto market, it's crucial for traders to make smart decisions based on the moves in prices and network activities.
Dogecoin (DOGE) volatility goes down
While Dogecoin's price has remained relatively static, around $0.07, the network's behind-the-scenes activity indicates potential bullish momentum. Despite a 26% price drop since December 2023, the Dogecoin (DOGE) network has witnessed a surge in new wallets, with 413,800 added since January 22. The introduction of 'Doginals' inscriptions and DRC-20 tokens has contributed to this renewed vitality. However, technical analysis provides mixed signals, with some experts anticipating a downside while others maintain a bullish outlook. The tightening of Bollinger Bands on Dogecoin's chart suggests an imminent spike in price volatility, leaving the direction uncertain. Traders are closely watching the support range around $0.077-$0.078 and a potential breakout towards $0.1.
Dai (DAI) stability needed for stablecoin
Dai (DAI), a stablecoin, expectedly exhibited low volatility, ranking two on the Volatility Gauge, placing it in the bottom 2% of cryptocurrencies. With minimal price swings and robust protection from manipulation, Dai's $1 position is expected to stay intact despite market volatility.
Toncoin (TON) strategic opportunities amidst retracement
Toncoin (TON)'s recent retracement to $2.03 presents a potential opportunity for investors, even though it's risky. The $2.03 support level proves crucial, with buyers resilient in preventing a break below. Indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) hint at potential bullish momentum. Traders eye a bullish candle at the $2.03 support level for entry, targeting a short-term profit at $2.3, offering a 13% gain.
DeeStream (DST) revives decentralized video streaming
DeeStream (DST) is currently in its second week of presale and has attracted a lot of participants, according to the team's statement. The goal is to bring innovation to decentralized video streaming. The presale model involves a gradual increase in token prices through six stages. This approach is designed to favor early investors.
DeeStream (DST) positions itself as the initial decentralized video streaming platform in the Web3 era, competing with major players in the industry. It aims to capture a portion of the $160 billion global live-streaming market. The platform stands out with unique features such as a swap service, VIP program, and rewards program.
To sum up, analyzing Dogecoin (DOGE), Dai (DAI) and Toncoin (TON) all offers a comprehensive look at the cryptocurrency scene. Based on price movements, network activity, and the unique qualities each project offers, traders and investors are evaluating potential. DeeStream (DST) is positioned as an alternative for those who aim for significant risk exposure.
Find out more about the DeeStream (DST) presale by visiting the website here
Dan Burgin
Vladislav Sopov
U.Today Editorial Team