We delve into the market dynamics surrounding Avalanche (AVAX) and Dogecoin (DOGE), examining their investors' behavior amidst the prevailing bearish market sentiment.
More specifically, we explore the factors driving the growing investor interest in the presale of DeeStream (DST), an innovative decentralized streaming platform. Additionally, we examine why experts are discussing the possibility of potential gains of up to 20x.
Avalanche (AVAX) experiences decline in trading volume
Avalanche (AVAX) has experienced a notable increase in value rising by over 16% in the past week. However, there has been a significant reduction in its trading volume, declining by almost 40% in the past few days. This decline in trading volume may signal a potential downturn in price suggesting the possibility of negative price movements in the coming months.
In response to these market dynamics, Avalanche (AVAX) investors are closely monitoring the situation. Some investors are opting to diversify their portfolios by reallocating their investments into opportunities like DeeStream (DST).
Worse situation for Dogecoin (DOGE)
Dogecoin (DOGE) has surged by over 45% in the past week, surpassing the $0.1 mark. However, its trading volume has experienced a more severe decline than Avalanche (AVAX) plummeting by over 50% in the past few days.
With bear market pressure looming, it is anticipated that Dogecoin (DOGE) will need to establish a support level around $0.1 to reach new highs in the coming months. In response to the current market conditions, investors are diversifying their portfolios. Some are reallocating their investments to DeeStream (DST) citing the potential for significant returns of up to 20x.
DeeStream (DST) addresses common issues associated with centralized streaming platforms
DeeStream (DST) is a groundbreaking streaming platform similar to Kick and Twitch but with a decentralized model that empowers token holders. Positioned as the first web3 platform with a fully decentralized streaming model, DeeStream (DST) has a significant advantage in an ever-expanding market.
By adopting a decentralized model, DeeStream (DST) addresses several issues associated with centralized streaming platforms. These include lower fees, instant withdrawals for users and an environment where streamers can freely express their opinions within legal limits without fear of being banned.
The platform simplifies the process for streamers to join, allowing them to complete a simple form and share their channel link for fans to join and watch. In addition to the general benefits, streamers can earn money through Dee gifts, subs, and packages.
Investors have the opportunity to participate in stage 1 of the presale, currently underway with a price set at $0.04. This presents an attractive opportunity for investors considering the potential for significant gains. Presale investors stand to earn a revenue share of fees generated on the platform proportionate to their holdings. Additionally, token holders play a vital role in key decision-making processes and can submit proposals for platform improvements and enhancements.
While cryptocurrencies like Avalanche (AVAX) and Dogecoin (DOGE) may experience bullish rallies in the future, DeeStream (DST) represents an alternative investment opportunity with higher growth potential.
Find out more about the DeeStream (DST) presale by visiting the websitehere.
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
