The cryptocurrency market is well known for its volatility. The changing prices are usually a cause of concern for investors who could be making profits today and, the next day, record significant losses. This is where stablecoins come in. These stablecoins offer security against fluctuations in the market and guarantee stability by pegging their value to another asset class, most commonly fiat currencies like the US Dollar.
However, in times like this, when the cryptocurrency market is booming, stablecoin investors usually look toward making profits and assess the market for the most profitable projects. This time, Tether (USDT) and USD Coin (USDC) holders are getting into DeeStream (DST) and here is why.
Tether (USDT) seeking more usability
Tether (USDT) is the world's most popular stablecoin. It is pegged to the US dollar in a one to one ratio. Tether (USDT) has recently grown past the $100 billion market cap and currently has a market cap of $103.36 billion. Tether (USDT), in a bid to increase its usability, has been forming alliances with governments and even organizations.
Tether (USDT) is set to launch on Celo, a mobile first and EVM compatible blockchain network that is built for real world applications and designed for fast, low cost payments across the world.
USD Coin (USDC) is still second best
USD Coin (USDC) is second only to Tether (USDT) in terms of the most popular stablecoins. USD Coin (USDC) is a fiat backed stablecoin pegged to the US dollar. It is built on the Ethereum (ETH) blockchain and is also pegged on a 1:1 ratio.
USD Coin (USDC) is the 7th largest cryptocurrency by market cap at $30.83 billion, according to CoinMarketCap. It has a 7 day trading volume of 101.12 billion.
DeeStream (DST) is a very profitable investment.
DeeStream (DST) has a tremendous capacity to return enormous profits. Analysts believe that investors can expect at least 100x returns before the end of the year. This potential for massive gains is what has drawn the attention of Tether (USDT) and USD Coin (USDC) holders into DeeStream (DST).
DeeStream (DST) sits at the center of a very profitable industry and is set to leverage its first mover advantage in this market. The global live-streaming industry where DeeStream (DST) is pioneering a change is currently worth $160.55 billion and experts predict that it could rise to above $247 billion by 2027. DeeStream (DST) is set to maximize its unique position in this market for significant returns.
A token of DeeStream (DST) is currently selling for $0.055. With a total supply of 300 million tokens and 210 million going out during presale, the earlier investors get on the DeeStream(DST) the better. We believe DeeStream (DST) could be the next blue chip cryptocurrency with significant potential for growth. Find out more about this opportunity below.
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.
