DeeStream’s Stage 2 Presale Eclipses Ethereum & Dogecoin Investor Expectations: 3,300 Holders Targeting 100X Gains
PR Manager11 Apr 20243 min read
Ethereum’s status is still uncertain in terms of the SEC, while Dogecoin’s price movements are being seriously influenced by rumours swirling around Elon Musk’s plans for X. Not precisely a great position to be in for investors, which is likely why many Ethereum and Dogecoin enthusiasts are turning to DeeStream.
DeeStream is a decentralized streaming platform that will completely disrupt the video streaming market. Thanks to a wide variety of benefits, chief of which is that creators will be able to say what they’re thinking (as long as it’s legal) without fear of censorship, DeeStream has already attracted over 3,300 holders.
Ethereum ETH: To Be or Not to Be a Security
According to a new JPMorgan report, the chances that Ethereum ETH will not be designated a security in the future have increased. The bank notes that staking platform Lido’s share of staked ETH has continued falling and now sits around 25%, reducing concerns about concentration on the Ethereum network.
Tokens on a sufficiently decentralized network may avoid classification as securities by the SEC. This update should reassure investors that regulatory risk for Ethereum may be declining.
The recent Dencun upgrade could also strengthen Ethereum’s dominance against alternative blockchains and help it recapture lost market share stemming from previous scalability problems, JPMorgan says. The changes could benefit investors by boosting Ethereum’s scalability and reducing security designation risks through increased adoption and usage.
However, investors should keep in mind that the SEC might completely go against expectations, so caution is likely warranted until a clear ruling is made.
Dogecoin Propelled by Elon Musk’s “Verbal” Rocket
The price of popular meme-inspired cryptocurrency Dogecoin has seen tremendous growth over the past month, more than doubling since late February. This latest rally was sparked by rumors that tech mogul Elon Musk plans to integrate Dogecoin into X, the social media platform he acquired in 2022, as a payment option.
As an outspoken advocate for meme coins, Musk’s potential backing has led investors to speculate wider adoption could be on the horizon. While still dwarfed by the overall crypto market, Dogecoin’s market capitalization now exceeds $25 billion after overtaking major cryptocurrencies Cardano and Avalanche for the #8 spot.
Despite volatility, the crypto’s low price and tongue-in-cheek ethos continue to resonate with retail traders. With Musk hinting dogecoin could one day become “the currency of Earth,” investors are keeping a close eye on whether this meme coin can continue its gravity-defying rise. Plus, it’s hard to forget that Dogecoin only makes up 0.1% of the total crypto market. And, well, if a coin is that susceptible to rumors, it might not make for the best long-term investment.
DeeStream Relies on Functionality, Not Rumors
DeeStream’s Stage 2 presales has far exceeded expectations with over 3,300 holders joining the ecosystem. And that’s not surprising. Yes, some might claim that the $0.055 price is the main reason. After all, the risk involved is minimal.
However, what they forget is that most investors prefer to put their money into things they understand. And DeeStream is something everyone can understand. It’s a decentralized video streaming platform that allows creators to express their views without censorship, charges low fees, and offers instant payouts. It allows viewers to watch what and whom they want to, without trying to dictate what they are “allowed” to see, as many of the existing platforms do.
In other words, Ethereum and Dogecoin investors see the potential of DeeStream, which is why they are flocking to it in droves. Of course, the potential for 100x gains is not something to scoff at either. This potential exists because DeeStream has a purpose beyond being just another cryptocurrency that hopes for widespread adoption “just because.”
To learn more about DeeStream’s Stage 2 presale, please visit the website here.
