News says that investors are keeping a careful eye on Ethereum (ETH) and DeeStream (DST) as they continue to make headway, expecting both to see substantial price increases and hoping for more significant gains in the upcoming months. The Ethereum Improvement Proposal (EIP), which is set for April and has been compared to a pre-Bitcoin (BTC) halving event, is the primary focus for holders of Ethereum (ETH).
Enhancing the Ethereum network’s scalability and functionality is the goal of EIPs. Some investors think this specific EIP’s expectation would cause a positive rise akin to the ones before the Bitcoin market’s halving. The analogy to the halving events of Bitcoin, which happen about every four years and lower the rate at which new bitcoins are created, emphasizes how important the upcoming Ethereum update will be.
Events involving the halving of the Bitcoin supply have historically been linked to notable price increases because of the increased scarcity and demand resulting from the decreased number of new coins entering the market.
DST Holders Optimistic, Looks Out for More Price Increase
DeeStream (DST) Holders are hoping for more significant gains in the near future, with a potential twenty-fold increase in the token’s value. The project’s creative approach to content distribution and monetization has drawn attention.
As early adopters of the DeeStream ecosystem, holders of DST are well-positioned to gain from the development and growth of the platform. Due to its ambitious roadmap and key collaborations, investors are bullish about DeeStream’s long-term prospects.
Reacting to the development, analysis on Crypto Daily says that the expectation of a twenty-fold increase in value indicates confidence in DeeStream’s capacity to upend the streaming industry and win a sizable portion of the market. The optimism shows the market’s dynamic character and the prospects it offers investors around Ethereum and DeeStream.
Ethereum, Other Altcoins Get Attention as BTC Gains Traction
Holders of Ethereum (ETH) are preparing for a possible price spike ahead of the April EIP, and DeeStream (DST) fans are looking forward to even bigger gains in the months ahead. The market has gradually gained traction, with the BTC (as of press time) hitting $52,000.
Altcoins, including Ethereum, are also getting the same attention as the BTC – ETH has already crossed the $3,000 price. There have been many conversations going on about the next Bitcoin halving, which is slated to happen around April.
As obtained from CoinMarketCap, cryptocurrency market analysis says that Ethereum is currently trading at $3,237.92, with a 2.89% increase in the last 24 hours. The trading volume stood at $22,094,780,171, representing a 2.77% increase in the previous 24 hours. The token ranks #2 on the CoinMarketCap platform, with a market capitalization of $389,047,916,272.
BTC Gaining Weight Amid Market Movement, ETH Gains 2.5%
It was also observed that the BTC settled at $52,000 for a while before attaining the $53,000 price mark. However, analysis on the Crypto Daily platform says that the market size of the cryptocurrency has declined to 48.6% despite exceeding its $1 trillion market value.
The emergence of a proposal for establishing an Ethereum ETF is expected to usher in a better phase in the Ethereum sector. The prediction is that it will hover around $3,000 before surpassing the price level. This was possible because of its 2.5% rise in recent months.
DeeStream (DST), on the other hand, is getting noticed in the live streaming section, allowing users to choose between a decentralized design and a conventional service. DST was traded at $0.04 during its presale season, and market watchers expect a 20x price increase in its value, allowing interested parties to make profitable investment choices.
Meanwhile, some individual analysis has it that the DST‘s commitment to fair competition for users who are into content creation and its position on censorship has made it a major force to reckon with in the streaming market.