As with many other financial markets, the crypto market can be overwhelming. There are thousands of tokens to check out and hundreds of indicators that affect them. Tracking all of these things is tasking and only a few investors can successfully do so.
However, sometimes things are much simpler to observe and understand. For example, positive news can drive up the price of an asset. This looks to be happening with Toncoin (TON), rising in the wake of the Telegram IPO. We track this and predict the future of Toncoin (TON) as well as a new project, DeeStream (DST).
Toncoin (TON) Benefitting From Telegram IPO
To properly understand the connection between Toncoin (TON) and Telegram, we need to dive into a bit of history. In 2018, the social media platform Telegram was considering launching its own blockchain and crypto meant to compete with Ethereum (ETH). It would begin development and even raise funds for the project. Unfortunately, Telegram was confronted by the SEC and several legal challenges and dropped the project.
Other developers not affiliated with Telegram but favoring the idea would then pick it up and fully develop Newton, eventually becoming Toncoin (TON meaning "The Open Network"). However, Telegram never stood too far away and even gave the token some endorsement after its full launch. Because of this history, Toncoin (TON) is still looked at as a Telegram project despite their separation.
With news reports that Telegram may be launching an IPO soon, Toncoin (TON) is climbing quickly. At the time of writing, Toncoin (TON) is close to 2x in under three days. It seems these reports are valid and should the IPO launch, Toncoin (TON) will rise even higher so it looks perfect for investing.
Why Do Investors Fancy this Streaming Sensation?
Content today is either live or on-demand and accessible on many devices. Projects within that industry tend to be very valuable. The entire sector is worth around $160 billion.
As such, investors were very excited when news first broke about a web3 streaming platform. Now, DeeStream (DST) has started its presale and enjoys massive attention and praise. It is a decentralized global live-streaming platform.
Users can join DeeStream (DST) with a short account registration form. Afterwards, they can invite others to watch their content or watch some themselves. Many benefits are on the platform, including transparency and low fees.
DeeStream (DST) is impressive in presale and sells for $0.055. This bargain price is great for all kinds of investors. Purchasing in presale also allows investors to earn money from the platform's revenue.
Around 300 million units of DeeStream (DST) will ever be minted. Investors can get much of the token at a low price and get returns when it achieves its predicted 100x potential. Seasoned investors choose DeeStream (DST) over other choices for its massive potential.
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.
