While the bulls of Ethereum Classic seem to prevail in moving the price of the altcoin and Solana witnesses a significant decline in its on-chain metrics, DeeStream’s presale garners a lot of attention with its revolutionary innovation in the streaming sector. With the aim of solving the common problems encountered on traditional streaming platforms, DeeStream is set for 100x.
Moreover, these promising returns are inviting both Ethereum Classic and Solana traders who are rushing to secure their slots in the DeeStream presale while the tokens are just at $0.066 each. Meanwhile, a lot of investors do not want to miss out on the promising future of this mind-blowing streaming platform.
Ethereum Classic is poised for a rally
Ethereum Classic showed long-term bullishness. The volume indicator has increased since December 2023, indicating significant buying pressure for Ethereum Classic. According to the Fibonacci retracement levels, the 78.6% retracement level at $22.9 was defended twice in 2024. The higher-period market structure was also positive, with $18.33 serving as the crucial swing low that needs to be overcome.
Over the last five months, the OBV has increased, indicating a consistent level of purchases. It is, therefore, likely that the Ethereum Classic bulls will prevail despite the recent severe drop. On the other hand, the OBV has had difficulty reaching a new, higher high since March. As a result, during the previous month, the buying volume for Ethereum Classic was just marginally higher. It is yet up to the purchasers to struggle to take back the short-term rise.
On-chain metrics of Solana face a decline
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Despite having a mixed bag of on-chain metrics, Solana has drawn notice of its consistent recovery over the current spike in the price of Bitcoin. Even while the number of new addresses is declining, there are indications that should Solana break over $162, there may be a positive rebound. Solana now trades inside a range-bound rising channel in a tug-of-war between buyers and sellers.
Data, however, shows an alarming trend: there has been a noticeable decline from 915,000 to 860,000 new SOL addresses. With an increase from $64 billion to $90 billion in on-chain value transferred, there has been consistent buying demand. But the long/short ratio’s dip to 0.8512, with 54% of holdings predicting a Solana price decline, reveals a developing bearish dominance. Technical analysis indicates that the altcoin price is at a turning point.
The DeeStream streaming platform is set for massive returns
Many users in the realm of internet streaming encounter problems with conventional, centralized services. But things aren’t the same with DeeStream. DeeStream values free speech and won’t ban users as long as their behavior complies with the law. In addition, DeeStream boasts more than 3,500 investors and over 18,700 registered users.
As DeeStream is in Stage 2 of its presale, with the token price currently at $0.066, now is the perfect time to get involved. With a total of 6 stages to the presale, there’s ample opportunity to invest in a project with significant potential for growth. Token holders benefit from early access to alpha and beta testing and have a say in shaping the platform’s future through decentralized governance.
Find out more about the DeeStream presale by visiting the website here.
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