DeeStream (DST) Asset Pre-Sale Garnering Attention in Late April as Cosmos (ATOM), Huobi Token (HT) Altcoins Back to Surging
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The Bitcoin halving usually prompted an increase in crypto prices across the board. But this time around, things were a little different. The crypt market is volatile at the best of times, but around this Bitcoin halving, things were completely confusing, with some coins featuring impressive gains while others went down the drain.
Investors might be seeking for an investment with far more staying power, namely DeeStream. A decentralized video streaming platform is set to take the market by storm.
Supporters of DeeStream (DST) can take part in pre-sale and buy tokens here.
Cosmos (ATOM) performance sends mixed signals
Cosmos is a network of blockchains connected to each other. Essentially, the goal is to create a form of Internet of Blockchains (IOB). These blockchains would be able to scale and talk to each other, which would help with the problems current blockchains have, such as difficulty scaling and interoperability.
Unfortunately, this concept doesn’t really seem to excite the market, as Cosmos is down 18.5% year over year. It had a somewhat decent bull run up to the Bitcoin halving but then started declining significantly again. It hit a high of $14.2 on March 7, 2024, but it dropped back down to currently trade at $8.9.
In terms of price predictions, analysts seem somewhat optimistic. Some analysts believe it will climb to at least $12, which might turn into a support level, with the coin not dropping below this price for the rest of the year. Others are even more optimistic and expect the coin to climb to as high as $22.
Huobi Token (HT) remains in top rankings of CEX tokens
Huobi Token HT has limited utility since it’s the native crypto coin of the Huobi Global exchange, among Asia's biggest crypt trading platforms. Since it’s largely focused on providing benefits to people already within the Huobi ecosystem, its limited utility seems to be affecting its performance.
As a result, Huobi Token is down by 83% year over year, which is not comforting to its investors. The token is currently trading at $0.6, down from $3.59 a year ago. It’s been a year-long bear trend, with a few bullish blips here and there but nothing substantial enough to believe the coin’s fortunes are changing.
It’s interesting to note, though, that the analysts who follow Huobi Token seem to be rather optimistic. They expect that the coin will trade between $2.22 and $2.9 this year. Some are even more enthusiastic and believe it could go as high as $6. However, considering the bearish trend, one has to wonder at the accuracy of these forecasts.
DeeStream (DST) offers new tools for decentralized streaming
After investing in coins that have been declining steadily for the past year, no one wonders why these investors are turning to DeeStream. A decentralized video platform that is set to take the market by storm, DeeStream promises outstanding results.
Its broad utility and appeal set it apart from so many other crypto platforms. And if a platform offers a better environment for users, well, it will blow legacy platforms out of the water.
With low fees, instant payouts, attractive revenue splits, and free speech, DeeStream is set to do just that. And investors are jumping in now while it’s still in stage two presale and selling for $0.06 to maximize their returns.
For more information on DeeStream’s presale, please explore the website here.