Uniswap and Cardano are so far from their all-time highs that scaling Mount Everest will likely seem far more attainable to most investors than seeing these coins return to their previous glory. As a result, a large swath of Uniswap and Cardano investors are turning to DeeStream.
DeeStream is a platform that’s taking a completely unconventional approach to video streaming. Beyond the fact that it’s decentralized and presale token holders will have a say in the platform’s management, it also promises “radical” things such as free speech, low fees, and instant payouts. What’s not to love?
Uniswap UNI Continues to Slide Despite Slight Upside
Uniswap UNI was trading at $10.48, compared to $11.26 on April 4th. Furthermore, it represented a slide of just under 38% from its annual high of $16.9, which it hit back in March 2024. Of course, this is nowhere near its all-time high (ATH) of $42.92 from May 2021.
Despite its poor performance, some analysts are bullish on this particular coin. They believe it has the potential to hit $21.26 in 2024. Others, however, are far less optimistic, expecting the coin to drop to as low as $8.76.
Considering the current bearish trend, along with the 200-day moving average progressing on an upward slope for the past six days that suggests a strong trend, it looks like the bears are winning for the time being. Of course, if one thing is certain, it’s that the crypto market has a habit of turning on a dime, so one never knows what the future might bring.
Cardano ADA Fails to Impress
Cardano ADA continues to trade sideways within a very tight range. As of this writing, it was trading at $0.56, showing a slight decline over the previous day, when it was priced at $0.59. It dropped slightly less than 29% from its annual high of $0.8, which was significantly below its all-time high of $3.09, achieved in May 2021.
At first glance, one might believe Cardano is not exactly what you would call very interesting to investors. However, its growing ecosystem seems to say differently, as this year has been considered one of the busiest, which some believe means that investors are paying close attention to Cardano.
However, according to Charles Hoskinson, Cardano’s founder, crypt markets are not precisely connected to reality. Whether that’s true or not, analysts don’t seem to be expecting much from the coin regarding pricing. While the market might seem bullish, pricing predictions show that Cardano will remain largely flat in the near term. Â
DeeStream’s Revolutionary Approach to Streaming Draws Investors
DeeStream has been taking the crypto market by storm, with the second stage of the presale attracting investors like moths to flame. Why? It goes far beyond the highly attractive price of $0.055. DeeStream has one major advantage over many other players in the market – it has a clear purpose that laypeople can understand.
No matter what one might think, most people investing in cryptocurrencies don’t have a deep understanding of blockchain. Ergo, coins like Cardano and Uniswap leave them cold beyond price movements.
However, DeeStream is something to understand. With a groundbreaking approach to video streaming promising true free speech, instant payouts, and low fees, what’s not to understand? In other words, DeeStream is something investors can believe in beyond price movements. And that’s why Uniswap and Cardano investors have been joining the DeeStream party in droves.
For more information on DeeStream’s presale, please check out the website here. Â
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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