The cryptocurrency market’s downturn is affecting assets like Binance Coin and Polkadot. DeeStream, on the other hand, has emerged as a beacon of hope for traders seeking alternative investment avenues. Binance Coin (BNB) is facing a dip in price following a decline in the market value of Binance. Polkadot (DOT) is struggling to recover from significant drops. Therefore, crypto enthusiasts are turning their attention to promising opportunities outside the traditional realm of digital assets.
Moreover, DeeStream is offering BNB and DOT traders a silver lining as the crypto markets take a hit. A lot of crypto enthusiasts are making moves to secure their slots in the DeeStream presale. They anticipate substantial gains in the coming months.
Binance Coin Faces Dip in Price
Recently, Binance Coin’s price dived, and the Binance exchange saw a drop of 7% in its overall market value. That led to a decline in the price of the Binance Coin token. It fell below the critical $600 mark and broke a crucial support trendline. This shift in the Binance price chart signaled a shift towards bearish trends, hinting at a potential correction.
However, despite the downward trend, there were signs of a short-term reversal and strong demand for Binance Coin. That suggests a possible bounce back. Although the 200-day Exponential Moving Average (EMA) faced a challenge with a looming “death cross,” indicating potential further decline, the reversal rally hinted at a possible comeback for Binance Coin. Following the initial drop, Binance Coin experienced a recovery rally within 48 hours.
Polkadot’s Recovery and Market Sentiment
Polkadot faced a significant drop in value over the weekend as bearish sentiment dominated the market. Its price dropped 13.21% on Friday and 11.88% on Saturday. Despite this positive movement, Polkadot struggled to break through the resistance posed by the 200-day Simple Moving Average (SMA). Polkadot surpassed the $7 mark during the ongoing session. The resistance at $7.10 remains a key challenge for sustained recovery.
Currently, the Parabolic Sar indicates a bearish trend, suggesting downward momentum. However, the recent crossover above the 200-day SMA could offer support around the $7 mark. It could facilitate further upward movement towards $7.50. Resistance levels at $8 and $8.45, where the 20-day SMA might act as a barrier, could pose challenges. The RSI, which dipped below 30 on Saturday, indicating oversold conditions, has since recovered to 35.
DeeStream Garners a Lot of Attention from Crypto Enthusiasts
DeeStream is changing the game in online streaming by introducing the world’s first decentralized platform that connects content creators directly with their fans worldwide. It sets itself apart with its unique blend of features inspired by popular platforms like YouTube and Twitch. With revenue-sharing initiatives, DeeStream ensures that 50% of sponsored advertising revenue and platform fees are distributed to presale token holders.
Currently, in Stage 2 of its presale, DeeStream offers its native DST tokens at a price of $0.06, with over 17,000 registered users and more than 3,200 investors already on board. With a total of 6 stages to the presale, DeeStream presents an opportunity for early investors to secure a stake in a promising project poised for growth.
Find out more about the DeeStream presale by visiting the website here.