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The cryptosphere is known for its competition and volatility, which continues to eliminate the weak. As a result, weak Stacks (STX) and Injective (INJ) are slowly losing the fight for survival. According to the sponsored content sender, DeeStream (DST), which aims to offer a new innovative live streaming service, has an uncertain future and one wonders whether it will be successful. Do not take any action without doing detailed research on cryptocurrency projects, there is a risk of investment loss.
DeeStream (DST) Wants to Reinvent Video Streaming
Content creation and video streaming have come a long way, according to the sponsored content poster. However, centralized content creation platforms still frustrate the brightest minds and ideas with bureaucratic rules and inefficiencies.
Blockchain technology and DeeStream (DST), whose future is uncertain, can create a new broadcast network if it is successful. Unlike centralized platforms, DeeStream (DST) levels the field with an open ecosystem that fosters creator-fan relationships. Both parties benefit from benefits such as flexible rules, an attractive reward system and instant royalty payments. The project is new and its future is uncertain, there is a risk of investment loss.
DeeStream (DST) aims to capitalize on the growing streaming industry and offer a better way to deliver creativity, according to the content submitter. Its value-focused native token, DST, holds the key to governance rights, exclusive deals, and passive income within the protocol. Currently, DeeStream (DST) token is allegedly sold for $0.035. The project is new and its future is uncertain.
Stacks (STX) Gains in Value Despite Open Interest Value Dropping by 45%
It left many Stacks (STX) holders trembling compared to the slow rise of the Stacks token. Like many altcoins, Stacks (STX) value has seen a significant rise in 2024 as market sentiment for crypto assets improves.
As it is generally known, Bitcoin has its newfound inscription superpower, Ordinals, and Stacks (STX) was one of the first networks to use this innovation. However, according to Santiment, Stacks (STX) open interest dropped from $111M to just $68M, or more than 45%.
This suggests an expected reversal and continued selling pressure for the Stacks (STX) token. Stacks (STX) token fell 4% in the last 24 hours to $1.52, making it a nightmare for investors.
Could Flywheel Update Save Injective (INJ)’s Price?
“…heralding a new era of Web3 finance” – this is the theme of Injective (INJ)’s newly implemented Flywheel Update. Even before the update, Injective (INJ) was committed to its mission to open a compatible, scalable and innovative platform for DeFi and trading.
Despite the positive sentiment and expectation from investors, Injective (INJ) is still moving sideways. Many thought the Flywheel Update would improve Injective (INJ)’s volatile price movements, but things got worse.
Investors were shocked to hear from Santiment that Injective (INJ) development activity has decreased by 56% since the update. Even the price is not better. The token lost more than 5.3% in the last 24 hours.
Conclusion
While many argue that the upcoming halving could improve the outlook for Stacks (STX), it appears the Flywheel update may not be the savior Injective (INJ) needs, according to the sponsored content poster. While its owners are panicking, DeeStream (DST), whose future is uncertain, is looking to forge a new purpose of innovation and user-focused content creation. Avoid taking action on projects whose project and team you do not trust. There is a risk of investment loss.
Click to review DeeStream (DST) token.
*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.
