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Chainlink seems to be floating everywhere, with its gains over the past year, as well as its decline over the past month and gains over the past week. The crypto market may be volatile, but Chainlink investors may be a bit worn out by all the fluctuations. Aave it’s even more confusing, with fluctuations that would make a tsunami proud.
Therefore, it is not surprising that Chainlink and Aave investors are looking for an alternative that is a little more stable and is sure to give them tremendous returns. One wonders if the future will be successful for DeeStream, a decentralized video streaming platform that has a chance to dethrone YouTube and Twitch, according to the sponsored content submitter.
Chainlink Soared 112% Last Year, But It Was a Choppy Ride
Chainlink is currently trading at $15.3, down from $7.27, having gained nearly 112% in the last year. However, it’s been a bit of a bumpy ride. During the first six months of the period, it traded largely sideways, with lower lows from higher highs. It then began rising in mid-October and traded around $16.42 by mid-November.
Until the beginning of February, it continued to trade somewhat sideways with the expected volatility of the crypto market. However, it later started climbing again and reached $22 in mid-March. It then started diving, creating lower highs and lower lows, and this continues.
Yes, it dropped to around $11 and has now rebounded, but so far it has failed to make a higher top. The lows continue to be lower than previous ones, suggesting that although the trend started to rise last week, this may be a more persistent downtrend.
Aave: The Rollercoaster Ride No One Wants to Be On
Some rollercoaster rides are fun, some not so much. What they all have in common is that they have a beginning and an end. Plus, no one’s money is at risk. Unfortunately, Aave is a roller coaster that no one wants to ride because it’s too volatile, seems to have no end, and people’s money is at stake.
Over the past year, Aave has only gained 35%, with the bulk of that gain occurring in the last six months of the period. And it’s been a wild ride. It started climbing around $70 towards the end of October 2023 and eventually reached $118.
It then began to decline until it reached $84 in early February, at which point it moved upwards and then reached $142 in mid-March. It then went into freefall on April 14, zig-zagging until it reached $81. It has recovered slightly to currently trade at $95. Unfortunately, new lows are lower and new highs are also lower, indicating that it may trade sideways for a while.
DeeStream: It is unknown if it will be successful
According to the sponsored content poster, investors entering the crypto market know that it is volatile, so some might say they shouldn’t complain. However, they accept this volatility because this way they will make significant profits. With high risk must also come high reward. Unfortunately, this is not the case for Aave or Chainlink.
According to the content sender, DeeStream, whose future is uncertain, is a lucrative alternative and it is unknown whether it will be a less volatile and more stable player. This is because the platform does not depend on the market sentiment towards its token. Token is just a tool to make things run more smoothly. The platform’s goal is to provide a place where video creators can provide consumers with the content they want. It is not certain, there is a risk of investment loss.
It is unknown whether DeeStream will be able to easily compete with legacy services such as YouTube and Twitch, as they will offer true freedom of expression, beneficial revenue shares, instant payments and extremely attractive fees. It is reported that it is currently in the second stage pre-sale for $ 0.066, but its future is uncertain.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction.
Click to review DeeStream (DST) token from its official website.
*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high-risk investments and carry the risk of investment loss. Do your detailed research before making any transaction.
