Many things go into the price of an asset. The popularity (and/or demand) for the token, underlying project or utility and other things affect values. Yet, another factor that could influence prices is news.
The best examples of this are Toncoin (TON) and Bitcoin (BTC). Both tokens have been heavily influenced by off-chain events and news. We explore these events and how they have impacted their values. We also spotlight DeeStream (DST) which is transforming off-chain content creation to on-chain value.
Although the two have been separated for more than 4 years, Telegram still influences Toncoin TON, the crypto it nearly launched, in many ways. Telegram recently hit an important milestone in the number of registered accounts and this has generated buzz about an IPO. It would make a lot of sense to go ahead with this since Telegram has established itself as a hugely popular social media platform and its owner, Pavel Durov is reportedly considering it.
On the crypto side of it, Toncoin (TON) has been going up since the news entered into circles. Toncoin (TON) has already risen as high as $4.5 at the time of writing, spurred by both Telegram's milestone of users and the rumors of an IPO. We estimate a $10 value for Toncoin (TON) before May if the IPO goes through.
For Bitcoin (BTC), the event is more closely related to the blockchain rather than by association. It is also certain to happen with a set timeline. The Bitcoin (BTC) halving is now only 34 days away.
As the halving has drawn closer, Bitcoin (BTC) has been rising. It has gained almost $1000 on average since the end of January when news about the halving became more prominent. Bitcoin (BTC) has already demolished its previous all-time high and changes hands at $73,132.14 when writing.
Much anticipation follows DeeStream's (DST) launch but investors appear interested in it beyond that. Instead, they view DeeStream (DST) as a token that can pick up quickly and hit the ground running. It looks like the token to change a lot of things with its utility and potential.
DeeStream (DST) is a decentralized content-sharing service. Experts have hailed it as the Crypto YouTube or web3 Twitvh. It does bear many similarities with both platforms but surpasses them in cost, speed and efficiency.
It has a reasonable price. DeeStream (DST) stage two presale sells for $0.055 per unit. The token is very attractive so acting fast is the only way to secure enough before the inevitable sellout. Stage one had over 13,000 user sign ups with over 2,400 holders and stage two will likely top this.
Toncoin (TON) and Bitcoin (BTC) holders are bullish on DeeStream (DST). They deem it a great opportunity to get profits. With a potential of up to 40x, they may be right.
Find out more about the DeeStream (DST) presale by visiting the website here.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.