In 2024, Polkadot and TRON are unlikely to recreate their charts when they last reached their all-time highs. While they could definitely retest their previous ATHs, the days of 500x gains are over for either coin, given their massive market caps. Therefore, it would make sense for DOT and TRX holders to rebalance their portfolios to add low-cap gems with a good chance of generating substantial gains.
One is DeeStream, whose presale launch is drawing fresh capital inflows. Market analysts believe that DeeStream could be good value to produce a 50x gain in 2024, even as the broader market continues to wobble. Learn why the smart money is wagering on DeeStream in 2024.
SEC files amended lawsuit against TRON founder Justin Sun
The U.S. Securities and Exchange Commission (SEC) filed an amended lawsuit against TRON founder Justin Sun. The lawsuit alleged that Sun’s presence within the United States for over 380 days between 2017-2019 granted the SEC sole jurisdiction over Sun’s person and his companies. The move comes off the heels of Sun filing a motion to dismiss the SEC’s lawsuit, stating that the sale of TRX and BTT tokens were not targeted to the United States market and sold exclusively overseas.
Polkadot holders ready for “2.0”
Polkadot holders are awaiting the launch of Polkadot 2.0 with bated breath. Polkadot 2.0, after all, introduces elastic scaling built on Polkadot’s dynamic core model. According to Polkadot advocates, Polkadot 2.0 will be the answer to the blockchain trilemma, particularly when it comes to its scalability and interoperability issues. The transition to Polkadot 2.0 could translate into improved price performance for its native DOT token, which is currently trading at $7.19 as of press tim and has lost 22%s in the past 30 days.
DeeStream presale heralding a new age in video streaming
The largest profits in crypto will be found in low-cap gems with strong fundamentals and compelling narratives, instead of tokens that have already seen their best days, like Polkadot and TRON. In 2024, one of the hottest presale investment opportunities, which has seven DOT and TRX holders joining, is DeeStream. DeeStream is building the first decentralized live streaming platform designed to create a Web3 alternative to centralized platforms like Twitch or YouTube.
The DeeStream platform will possess all the same functionality that YouTube or Twitch users will be familiar with but without any of the cons brought on by their centralized policies. Moreover, DeeStream users will be able to capitalize on the various income streams they can pursue with the platform’s native DST token. This grants content creators to earn more from their efforts than with YouTube, while early adopters can take advantage of the revenue share they will be entitled to for passive income.
DST tokens will be available at a discounted rate of just $0.06 in stage 2 of its presale. Prospective investors, including TRX and DOT holders, are taking out early positions in DeeStream. With a 50x return well within earshot in 2024, it’s easy to see why.
Find out more about DeeStream’s (DST) presale by visiting the website here.
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