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Following the recent Bitcoin halving, DeeStream’s presale is attracting high interest from Avalanche and Ripple investors.
One of the major events in the cryptocurrency ecosystem that sparked investor action is the Bitcoin halving in mid-April, which has been expected since the last halving four years ago. Unlike in the past when Bitcoin soared to an all-time high after the halving, this time Bitcoin soared to an all-time high before the halving.
A week after being halved, DeeStream The pre-sale saw growing interest from Avalanche and Ripple investors, leading to increased investment.
Avalanche fell below $40.
The Avalanche can’t escape market sentiment, which has pushed its price down to $39.01. Like most altcoins, Avalanche is also showing weakness after the fourth Bitcoin halving. The highly anticipated event, which sparked mixed market sentiments, led to capital outflows to other cryptocurrencies, including Avalanche.
Last month, Avalanche prices fell 26.3%, from about $47 to $39. A break below the $40 resistance level could mean an avalanche lower.
Avalanche, on the other hand, has surged 6.7% in the past week to move near $40. At a price valuation of $39.2, significant market movement could push the Avalanche back above $40, resulting in a rebound.
Ripple reacts to Bitcoin halving.
There is a stark difference in the cryptocurrency market in mid-March and mid-April 2024. For example, in the second week of March, Ripple was one of the tokens that recorded a huge surge in the cryptocurrency market. Analysts said Ripple holders recorded a profit of $368.79 million as the token surged from $0.4 to $0.62.
However, Ripple has fallen 13% over the past month and is now worth $0.54. Analysts attribute this sharp decline to price correction and market sentiment. Despite this downward trend, the Bollinger Bands indicator shows that Ripple is witnessing its biggest contraction ever.
This band contraction is similar to that recorded in the previous Bitcoin halving year, 2020. In response to the decline, Ripple holders are optimistic about DeeStream streaming capabilities and asset conversions.
DeeStream gains investor attention
From the first phase of pre-sale, DeeStream stood out with exciting features and functionality, generating optimism among investors. With a simple sign-up process that provides instant streaming access and fast payout capabilities that allow streamers to withdraw their earnings immediately, DeeStream has pioneered the transformation of streaming.
DeeStream pre-sale investors are optimistic about the swap service, which will allow them to swap various tokens instantly without any fees or commissions. Users can withdraw their earnings in DST or exchange them for other tokens.
Interestingly, DeeStream’s streaming and transaction history is secure and cannot be accessed by third parties. Unlike other traditional streaming platforms that import records and send targeted ads, DeeStream is secure and does not provide unauthorized access to user records.
Likewise, DeeStream is a highly transparent blockchain protocol that allows users to track their transaction history and history, thereby making the market a more honest, stable and trustworthy platform for all trading volumes.
To learn more about DeeStream, visit the DeeStream website.
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