There has been a surge in crypto asset investments. Bitcoin (BTC) has grown in leaps and bounds, surpassing its all-time high price of $68,000 in 2021, breaking its new record at $70,000 just a few days later. But that hasn't been all from the biggest crypto project in the world. Bitcoin (BTC) has set a new price record of $72,000 hours after it set the previous all-time high price.
Other crypto projects, like Ethereum (ETH), have also experienced this surge in price growth. Investors in crypto projects like Tron (TRX), Uniswap (UNI), Binance coin (BNB), Ripple (XRP), and Avalanche (AVAX) are on the lookout for better opportunities in newcomer crypto projects launching this year.
Many who put funds into assets like USDC (USDC) and Filecoin (FIL) also consider investing in upstart crypto projects. One of such newbies in the crypto industry is DeeStream (DST).
USDC (USDC) is a stablecoin that matches the value of the US dollar. That means that a token of USDC (USDC) trades for $1. Now, why would anyone want to buy USDC (USDC) tokens since they don't stand to gain a profit?
They gain autonomy and stability.
As much as there is high activity and passion within the crypto community, the mainstream has yet to embrace decentralized finance the way they do traditional finance. The primary reason for hesitation is high volatility. Even Bitcoin (BTC), regarded as digital gold, has been volatile for most of its history.
USDC (USDC) provides stability in a crypto world of volatility because US-regulated reserve assets back it. Also, investors who buy USDC (USDC) can use the crypto asset to hedge against inflation. Finally, USDC (USDC) shareholders buy into the asset as an easy way to funnel funds into other crypto assets.
Don't let the latest streak of red lines on today's Filecoin (FIL) price chart deceive you. Yes, the crypto asset dropped some value early in the day. But you'll get a better picture if you stretch your price chart observations to include a month's worth of price movement.
Filecoin (FIL) has nearly doubled in price since it traded at $5.37 a month ago. Seven days back, Filecoin (FIL) traded for $9.47. Despite the drop from $11.78 earlier in the day to $10.62, Filecoin (FIL) is a crypto asset doing just fine.
Filecoin (FIL) is a decentralized blockchain seeking to build out the infrastructure of the crypto world. Crypto ideas such as GameFi need storage and computation. That is where Filecoin (FIL) comes in. Investors who buy into Filecoin (FIL) are also buying into DeeStream (DST) tokens.
DeeStream DST has become the investment destination for shareholders in USDC (USDC) and Filecoin (FIL) crypto projects. DeeStream (DST) sells for $0.055 during its stage two presale and is expected to be 100x its initial value. This level of promise is attributed to the unique value DeeStream (DST) brings to the industry.
DeeStream (DST) is a decentralized streaming platform that allows better interaction between fans and streamers. They apply freedom of speech for creativity, instant payouts for professional content creators, and foster platform-creator relationships through transparency in revenue generation.
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.