Solana has solved its congestion issue, but it doesn’t seem to be reflected in the price all that much, as the coin has declined month over month. Dogecoin is experiencing a similar trend. It’s interesting that both these declines started around the Bitcoin halving.
With relatively lacklustre results, it’s natural for Solana and Dogecoin fans to turn to a coin that promises far more attractive returns. DeeStream’s presale has hit stage two, with the coin selling at only $0.066. Considering that it’s set to disrupt the video streaming market, DeeStream is attracting investors and users by the truckload.
Solana Fixes Network Congestion Issue, But Price Doesn’t Reflect the Upgrade
Solana has been criticized quite a bit due to constant network congestion, which led to many transactions failing to go through. What made the whole situation even worse was that meme coins became even more popular on the platform, which really frustrated users.
The Solana team revealed a fix for the issue on April 12, dubbed Testnet v1.18.11. And it seems to have worked. At least, as of the time of this writing, Solana’s congestion issues seem to have cleared up, and transactions are being confirmed in as little as two seconds.
However, it is not clear whether this improvement has had much of an impact on Solana’s price. Yes, it has been on a bullish trend for the past week, going from $134 to $159, indicating gains of 17%. But if we draw back and look at a monthly chart, Solana has actually dropped by 9%. It remains to be seen if it will continue the overall bullish path it has been on for the past six months or so.
Dogecoin DOGE Could Beat the Odds Thanks to Elon Musk
Dogecoin is up by a mere 6% weekly while down by 5% month over month. In other words, it isn’t performing nearly as well as other meme coins, especially when looking at a coin like Pepe, which is up almost 2,000% yearly. Dogecoin has only increased by 105% in the same timeframe.
Despite its lukewarm performance, some analysts are still quite bullish on the coin, claiming it has the potential to reach $1 this trading cycle. They’re basing their conclusions on the coin’s cyclicality and on Elon Musk’s social media posts about it.
However, other analysts are more skeptical. First of all, the coin is currently trading at $0.16, meaning that the road to $1 is pretty long, especially considering its past performance. Secondly, Dogecoin faces stiff competition from many other meme coins, which is problematic.
DeeStream’s Potential Returns Are Far More Enticing to Investors
Solana and Dogecoin may have offered investors somewhat decent results over the past year. However, they are less than impressive compared to what DeeStream is set to achieve. This decentralized video streaming platform is set to take the market by storm, largely due to the fact that it is a platform with a clear purpose and broad appeal.
It is designed to connect content creators with consumers and clearly understands that fact. It isn’t trying to be a publisher and impose arbitrary rules on what creators can say. As long as it’s legal, people can say it. In other words, no one will be building up their channels on DeeStream only to say the wrong thing and be banned, with their livelihood disappearing overnight, as has happened to many channel owners on YouTube and Twitch.
Furthermore, DeeStream is currently in stage two of its presale and is priced at only $0.066, which means 100x returns or even more are not beyond the realm of possibility. So, investors are jumping in so they can take advantage of being early adopters.
For more information on the DeeStream presale, please check out the website here.
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