Ripple (XRP) holders faced a setback after a US judge ruled in favor of the United States Securities and Exchange Commission, forcing its issuer Ripple Labs to disclose its financial statements and information surrounding proceeds from institutional XRP token sales. On the other hand, Ethereum (ETH) couldn’t have started February on a better note with a resurgent performance. However, the big gains will be found in undervalued gems with unlimited price ceilings—and one of those is DeeStream (DST). Here’s why market analysts believe DeeStream (DST) could outperform Ethereum (ETH) and Ripple (XRP) in 2024.
Ripple (XRP) Stuck in a Bear Trap in February
Ripple (XRP) is the 6th-largest cryptocurrency by market capitalization. However, Ripple (XRP) prices remain suppressed as they have been, save for a short spike in July 2023. Ripple (XRP) token prices have plummeted since then, being stuck between a range of $0.47 to $0.53 in the past 3 months. Suffice to say, Ripple (XRP) prices remain stagnant even as the broader cryptocurrency market increased from $1.6 trillion to a $1.89 trillion total market capitalization as of this writing. Ripple (XRP) is wobbly and looks like it could collapse anytime in 2024.
Ethereum (ETH) Starts February with a Bang
On the other side, one peek at the Ethereum (ETH) charts reveals everything you need to know about how pleased investors are. Over a seven-day period, the charts have been green, with a price increase of more than 9% to break past a key psychological and resistance level of $2,500. Even if this makes short-term traders pleased, the fact that the price has climbed by more than 65% in the last year should make long-term holders extremely elated.
DeeStream (DST) Looking Like a Blue Chip in February
DeeStream (DST) is redefining the $160 billion global live streaming market by launching the premier decentralized live streaming platform designed to compete against established platforms like YouTube, Twitch, and Kick. Thus far, scores of new investors have joined stage 1 of the DeeStream (DST) presale, whose prices of $0.035 offer an ideal entry opportunity for growth-focused investors in 2024.
DeeStream (DST) possesses numerous distinguishing features that differentiate it from other video streaming platforms. DeeStream (DST) supports creator autonomy by thwarting censorship and deplatforming. DeeStream (DST) offers Web3 infrastructure for decentralized video hosting and live broadcasting. It also provides content creators various avenues to monetize their content and earn incomes using its native token DST.
The massive demand for DeeStream (DST) thus far as evidenced by 3,800+ new users as of February is indicative of its potential to skyrocket in adoption and token prices in 2024. With progressive token price increases implemented during its six-stage presale, prospective investors who join the DeeStream (DST) presale during stage 1 could turn in a profit even before DST lists on exchanges.
Be at the ground floor of an investment opportunity that’s set to dominate the Web3 live streaming niche—register for the DeeStream (DST) 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.
