NEAR Protocol Shows Weakness Amidst Bullish Outlook

DeeStream (DST), an upcoming decentralized streaming platform, has gained traction amidst corrections in the crypto market, surging during its ongoing presale. DeeStream aims to revolutionize the streaming industry, projected to reach $247 billion by 2027, by offering a decentralized platform with no censorship and lower fees. Its token, currently in Stage 2 of its presale at $0.055, is projected by crypto analysts to surge 100X after a Tier 1 CEX listing in 2024.

Is NEAR Protocol (NEAR) Showing Signs of Weakness?

NEAR Protocol (NEAR), a prominent cryptocurrency, has recently experienced a correction. Its price has dipped from $7.59 to $6.64 in the past week, marking a 12.5% decline. The market capitalization of NEAR has also fallen from $8 billion to $7 billion during this period.

However, despite this correction, the technical analysis of NEAR paints a somewhat bullish picture. It continues to trade above its 50 and 100-day exponential moving averages (EMAs). Additionally, 22 technical indicators are flashing buy signals for NEAR. As a result, experts remain optimistic about its long-term prospects, forecasting a potential rise to $8 by the second quarter of 2024.

Uniswap (UNI): Facing Headwinds

Uniswap (UNI), another well-known cryptocurrency, has also encountered challenges. Its price has dropped from $14.26 to $11.97 over the past seven days, a decline of approximately 16%. The market capitalization of UNI has also declined from $8.55 billion to $7.17 billion.

Despite these setbacks, Uniswap's technical analysis suggests that a rebound may be on the horizon. 23 indicators are showing positive signals, and UNI is currently trading above its 50 and 100-day EMAs. Prominent market analysts predict that UNI could reach $16.68 before the end of the second quarter of 2024.

DeeStream (DST): A Rising Star in a Volatile Market

Amidst the corrections and fluctuations in the cryptocurrency market, DeeStream (DST) has emerged as a potential bright spot. This upcoming streaming platform aims to revolutionize the industry, which is projected to reach $247 billion by 2027.

Unlike traditional streaming platforms, DeeStream will be decentralized, eliminating lengthy payout delays and high fees. It will also prioritize freedom of speech, ensuring that creators are not subject to unfair bans.

The DeeStream (DST) token, which will power the platform, is currently in Stage 2 of its presale and is priced at $0.055. Crypto experts predict that it could experience a 100X surge once it is listed on a Tier 1 centralized exchange in 2024. Early investors in the presale will gain exclusive access to the platform's alpha and beta testing, as well as a 50:50 revenue split with DeeStream.

Conclusion

While established cryptocurrencies like NEAR Protocol and Uniswap have faced recent corrections, DeeStream has emerged as a promising investment opportunity. Its potential to revolutionize the streaming market, combined with its decentralized nature and focus on freedom of speech, make it a compelling proposition for investors seeking long-term growth potential.