Immutable (IMX) surpasses expectations yet DeeStream (DST) sets new highs with Bitcoin (BTC) halving influence
The post Immutable (IMX) surpasses expectations yet DeeStream (DST) sets new highs with Bitcoin (BTC) halving influence appeared first on Coinpedia Fintech News
In this article, we conduct a comprehensive analysis of the Bitcoin (BTC) and Immutable (IMX) markets focusing on investor behavior as Bitcoin’s halving day approaches. We examine the potential implications of this event on market sentiment and explore whether it could catalyze another bull run akin to the recent crypto rally.
Additionally, we delve into the presale of DeeStream (DST) and elucidate the reasons behind the growing investor interest in this innovative project and the substantial gains it promises.
Immutable (IMX) to experience price correction soon
Immutable (IMX) has observed a modest 2% increase in value over the past week. Although it experienced a significant surge of nearly 70% during the recent crypto rally, its recent performance indicates a potential shift in market sentiment. A notable 10% decline in trading volume over the past few days suggests that bearish forces may be gaining traction. This has raised concerns about an impending price correction.
While Immutable (IMX) exceeded expectations during the rally, investors are now proceeding with caution amid the current bearish trend. In response to the heightened uncertainty, some investors are reallocating a portion of their profits into the presale of DeeStream (DST). This strategic move is driven by the perceived opportunity for substantial gains.
Bitcoin (BTC) halving might trigger another bull run
Bitcoin (BTC) has recorded a marginal increase of less than 1% in value over the past week, reflecting a subdued performance compared to previous periods. The initial rally sparked by Bitcoin’s surge past the $50k mark had a ripple effect on altcoins, driving optimism among investors. However, Bitcoin’s lackluster price movement combined with a significant 40% reduction in trading volume in recent days suggests a shift in market sentiment.
Looking ahead, the looming prospect of Bitcoin halving scheduled to occur in 59 days holds the potential to reignite market enthusiasm and trigger another bullish phase.
DeeStream (DST) is disrupting the live-streaming market
Examining the live-streaming market reveals a projected valuation exceeding $247 Billion by 2027. With 44% of viewers reporting reduced TV consumption due to live streaming and 23% of global viewing time dedicated to live content, it’s evident that live streaming holds immense potential.
DeeStream (DST) emerges as a disruptive force in this lucrative market offering a decentralized streaming platform. Leveraging blockchain technology and decentralization, DeeStream (DST) enjoys a significant first-mover advantage in this burgeoning industry.
Streamers find DeeStream (DST) appealing due to its straightforward signup process, higher earnings compared to traditional platforms, seamless deposits and withdrawals and freedom to express opinions without fear of censorship provided they remain within legal boundaries. Fans also benefit from the platform, engaging with their favorite streamers and participating in reward programs to earn crypto.
Investors keen on tapping into this promising ecosystem can participate in the ongoing stage 1 presale priced at just $0.04. Beyond the potential for significant gains, presale investors stand to earn a share of platform revenue based on their holdings. Given the transformative potential of DeeStream in the live-streaming market, this investment opportunity holds considerable promise for investors.
Find out more about the DeeStream (DST) presale by visiting the website here.