Dai (DAI) is still an important stablecoin, although it isn't as big as it was during the last cycle. Meanwhile, OG meme coin Dogecoin (DOGE) is losing serious ground as the prevailing narrative in crypto pivots from memes to tokens that power innovative utility and real-world use cases. Neither token is a good investment opportunity in 2024. One presale crypto, however, is—and it’s being tipped for potentially parabolic gains this year. It’s called DeeStream (DST), and its presale launch is selling like hotcakes in February. Here’s why.
Is Dai (DAI) Still a Solid Stablecoin in 2024?
Developed by Maker DAO, Dai (DAI) is a stablecoin backed predominantly by Ethereum (ETH) derivatives and fiat USD. Dai’s value derives from the collateral backing it, rather than being tied to a single currency. Dai's stability is not dependent on the movements of a single currency like other stablecoins which are pegged to the value of the US Dollar, distinguishing it from Tether (USDT) or USD Coin (USD).
Is Dogecoin (DOGE) Dead?
Despite Dogecoin (DOGE) being widely regarded as a poor investment choice in 2024, it continues to be the leading meme coin by market capitalization. The project’s levity was its major draw, drawing support from business bigwigs like Elon Musk and Mark Cuban, who shilled the meme coin to investors in the run-up to its 2021 all-time highs. Regarding cost, Dogecoin (DOGE) has been unable to reclaim its May 2021 form, when it hit an ATH of $0.73. As of February 2024, Dogecoin (DOGE) is trading 88.88% below its all-time highs.
DeeStream (DST) Revolutionizing the Streaming Industry
Besides their inherent biases and censorship, centralized video and streaming platforms like Vimeo, Twitch and Youtube collect massive amounts of user data and sell it to third parties. This poses privacy and data security concerns. Moreover, the revenue models of centralized streaming platforms tilt the power towards themselves instead of the content creators that draw users. Content creators often struggle to earn a decent income relative to the time-consuming efforts they undertake in producing content and growing their audiences.
Well, a new decentralized video streaming platform is launching in 2024 to disrupt the system. DeeStream (DST), which is building the first viable alternative to centralized video streaming platforms with a Web3 twist, is being tipped as the next potential moonshot in this year.
Industry observers believe DeeStream (DST) will draw a slew of content creators with all the benefits it brings, indicating a potentially explosive growth trajectory in 2024. This makes the DeeStream presale an unmissable investment opportunity.
In stage 1 of its presale, DST, DeeStream's native coin, is now on sale for $0.035. Token prices will go up in each stage after that. People who invested in DeeStream (DST) early on may be sitting on gains before DST even lists. Be a part of the next big thing in decentralized video streaming by getting in on the DeeStream presale today.
Find out more about the DeeStream (DST) presale by visiting the website here
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.
