The crypto market has entered a corrective phase following Bitcoin's historic all-time high above $73k. Shiba Inu (SHIB), which was among the highest performing cryptocurrencies in the top 100, has dropped significantly in the past week.
With the current instability, investors would normally opt for a stablecoin like USD Coin (USDC) and hold until they can reinvest in Bitcoin (BTC) or Shiba Inu (SHIB) again. However, investor behavior is surprising analysts, as many are leaving USD Coin (USDC) and Shiba Inu (SHIB) for new presales and DeeStream (DST) being one of them, seeing its potential to rise amid market uncertainties makes it an attractive investment
Is This the End of Shiba Inu’s Run?
After a massive surge of over 250% in early March, Shiba Inu (SHIB) began retracing and the meme coin has lost over 20% in the past week. This decline has left many wondering if Shiba Inu (SHIB) can recover. Shiba Inu (SHIB) was close to becoming the biggest meme coin in the market but has now dropped out of the top ten cryptocurrencies.
Despite this decline, Shiba Inu (SHIB) enthusiasts have not lost faith in their beloved meme coin. With major developments in the Shiba Inu (SHIB) ecosystem and the upcoming automated burn portal, Shiba Inu (SHIB) might still have some fight left.
Why Aren’t Investors Running to USD Coin (USDC)?
When the market is unstable, stablecoins act as a haven for investors who want to hold cryptocurrencies but avoid volatility. However, USD Coin (USDC) is not receiving the attention many expect. USD Coin (USDC) is the second largest stablecoin in the crypto market and with USD Coin's large user base, this is not a problem of trust.
Many attribute the lack of interest in USD Coin (USDC) to DeeStream (DST), a new cryptocurrency with massive potential. This inactivity should not affect USD Coin's price as a stablecoin, but Shiba Inu (SHIB) might have a new rival to worry about.
Deestream (DST): The Next YouTube and Twitch but Bigger
DeeStream (DST), a new blockchain powered streaming platform, has captured the attention of the entire crypto industry. DeeStream (DST) will provide an unrivaled streaming platform that taps into a new arena for blockchain technology and improves the lives of streamers and viewers with game changing features.
DeeStream (DST) has gathered 14,500 registered users and 2,600 investors in a short period. These numbers are growing daily and with DeeStream (DST) selling at just $0.055 in stage two of its presale. DeeStream (DST) is more than a streaming revolution. It is a quantum leap in streaming with no worthy rivals.
DeeStream's fully decentralized video streaming platform plans to give control back to content creators and users to enjoy free speech and earn without the fear of being banned . DeeStream(DST) provides unmatched opportunities to streamers, as they will not have to worry about middlemen taking a cut of their money while providing no help or benefits. Streamers also won't have to worry about getting censored or shut down, as DeeStream (DST) will let streamers show anything, provided it is legal.
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.
