Streaming DeeStream’s (DST) Q2 trajectory looks promising contrasting with bearish forecasts for Avalanche (AVAX) & Chainlink (LINK) 2024

As the cryptocurrency market navigates through the second quarter of 2024, contrasting trajectories emerge for prominent tokens like Avalanche (AVAX), Chainlink (LINK), and the decentralized streaming platform DeeStream (DST). While AVAX surges forward with strategic partnerships and impressive value gains, LINK faces market consolidation amid rising alternatives.

While Avalanche forges ahead with collaborations and innovations, investors closely monitor its trajectory against market forecasts, contrasting with Chainlink’s market consolidation amidst rising alternatives. Meanwhile, the trajectory of DeeStream (DST) for Q2 looks promising, contrasting with bearish forecasts for Avalanche and Chainlink in 2024. At the same time, many investors are buying their shares in the DeeStream presale.

Avalanche (AVAX) Forges Partnerships and Surges in Value

Avalanche has made waves in the cryptocurrency market with its recent partnership announcements and impressive surge in value. Collaborating with Chainlink and the Australia and New Zealand Banking Group (ANZ), AVAX aims to explore the tokenization of assets and connect its network to Ethereum for global circulation and settlement.   

Despite experiencing a slight decline amid a broader market downturn in the past 24 hours, Avalanche has maintained impressive trading volume and recorded significant gains in monthly and weekly trading. With a surge of up to 50% in the last month, surpassing the $60 mark, the weekly chart shows a decrease of 9%. However, Avalanche continues solidifying its position as one of the leading tokens in the cryptocurrency market.   

Chainlink (LINK) Facing Market Consolidation Amid Alternatives

Despite experiencing a period of consolidation following its two-year high, Chainlink remains a prominent player in the cryptocurrency market. However, investors seeking high returns are exploring alternatives like DeeStream due to factors such as higher volatility and potential price drops predicted for Chainlink.

Ethereum L2 Metis is integrating Chainlink CCIP, and Cathie Wood’s ARK Invest is integrating Chainlink proof-of-reserves for its spot Bitcoin ETF, which demonstrates the trust placed in Chainlink technology by significant industry players. Additionally, as asset tokenization gains traction in 2024, the Chainlink (LINK) DECO program positions it as a key player in the evolving market of DeFi.

Streaming DeeStream (DST) Q2 Trajectory Looks Promising

DeeStream is poised to revolutionize the streaming sector with its decentralized platform built on blockchain technology. Unlike traditional streaming platforms, DST prioritizes freedom of expression, ensuring users won’t face bans for voicing their opinions as long as they comply with the law. DeeStream offers a more financially attractive option with lower fees and instant withdrawal functions for streamers.    

Currently, in Stage 2 of its presale at $0.055 per token, DeeStream has already garnered significant interest, boasting over 16,500 registered users and 3,100 investors. Through its decentralized model, users can connect with their favorite creators from around the globe effortlessly. With lower fees than traditional platforms and a seamless instant withdrawal feature, DeeStream ensures streamers can focus on their content without constraints.   

Find out more about the DeeStream (DST) presale by visiting the website here.

Disclaimer: This article is sponsored content and is not financial advice. CryptoNewsZ does not endorse or guarantee the accuracy of the content. Readers should verify information independently and exercise caution when dealing with any mentioned company. Investing in cryptocurrencies is risky, and seeking advice from a qualified professional is recommended.

Mark Peterson

Mark Peterson has been following the crypto market for the past seven years. As a crypto news journalist, he has recently joined our team. He regularly delivers the most recent happenings of the crypto space. He enjoys writing poems and exploring various crypto trading platforms in his spare time.

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