The post XMR exit from Binance sparks mass exodus into DeeStream (DST) presale to make big profits in 2024, while SUI falls appeared first on Coinpedia Fintech News
Binance’s decision to remove Monero (XMR) on February 20 led to a 23.02% decline, raising worries. Sui (SUI) rose by 75%, in contrast to Monero’s challenges. DeeStream (DST) gained attention from investors seeking refuge from Monero (XMR) uncertainties, providing a decentralized streaming approach. With its inventive features, DeeStream (DST) emerges as a noteworthy option in cryptocurrency investments for 2024.
Monero (XMR) – Binance Delisting And Price Drop
Binance’s decision to ban Monero (XMR) on February 20 has caused it to drop by 23.02% over the previous day. It is currently worth $121.03. Binance provided several grounds for the delisting, including trading volume, liquidity, stability, safety, and indications of unethical behaviour. However, owners of Monero (XMR) are upset with this choice. Binance’s warning about not crediting deposits after delisting has created uncertainty about XMR’s future, leading investors to explore alternative opportunities.
Sui (SUI) – Impressive Performance
Lately, there has been notable progress in Sui (SUI), both in terms of its price and Total Value Locked (TVL). On the contrary, Monero (XMR) has encountered difficulties. In the last month, SUI’s price has risen by 75%, reaching its current value of $1.54. The Total Value Locked in Sui’s DeFi protocol has reached a record high of $500.89 million, placing it ninth among the top ten blockchains. Sui (SUI) is gaining recognition in the decentralized banking sector, evident from its significant on-chain activity, surpassing even well-established blockchains like Bitcoin and Cardano.
DeeStream (DST) – Seizing the Streaming Industry with Decentralization
DeeStream (DST) emerges as a promising alternative for investors seeking refuge from Monero (XMR)’s uncertainties. This blockchain-based platform, operating on the Ethereum Blockchain, disrupts the streaming industry with a focus on decentralization and user convenience. The ongoing DeeStream (DST) presale gains momentum as users recognize its potential for growth in 2024.
DeeStream (DST) introduces a groundbreaking Web3 streaming model, ensuring immediate deposits and withdrawals for content creators. A 50/50 distribution model of fees and revenue with presale token holders aligns the platform’s success with investor interests. The platform’s commitment to transparency and security is evident through external audit verification and measures against hoarding and manipulation.
Presale investors in DeeStream (DST) enjoy reduced fees, governance involvement, and a community-driven approach. With a capped token supply of 300,000,000 and locked liquidity mechanisms, DeeStream (DST) aims to prevent censorship and delayed payments while reshaping the future of online content consumption.
Conclusion
As Monero (XMR) faces uncertainties with its Binance delisting, investors are turning to alternatives that offer stability and growth potential. Sui (SUI)’s impressive performance showcases the resilience of certain blockchain projects, providing optimism for investors seeking long-term value. DeeStream (DST), with its decentralized streaming model, stands out as an innovative solution in the live-streaming market, presenting a viable investment opportunity amidst market shifts in 2024. Investors are closely monitoring these developments, adapting strategies to navigate the evolving landscape of cryptocurrency investments.
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