SHIB records a 290% surge, Ripple gains momentum, Litecoin trading volume falls, DeeStream presale draws attention. Investors cautious amid market volatility.
During a week marked by significant market fluctuations, Shiba Inu (SHIB) has seen an astounding surge of 290%, while Ripple (XRP) and Litecoin (LTC) have shown mixed results amidst the volatility. Investor attention has been captured by the DeeStream (DST) presale, signaling a growing interest in decentralized streaming solutions.
SHIB Surges in a Short Span
Shiba Inu has experienced a remarkable increase of over 290% in the past week, with a substantial portion of these gains occurring within the last three days. Additionally, its trading volume has surged by more than 20% in recent days.
However, concerns have been raised by some investors regarding the speculative nature of such gains, particularly highlighting the tendency for meme coins like Shiba Inu to attract speculative activity.
Ripple Gains Momentum While Litecoin Trading Volume Declines
Ripple has seen a resurgence in momentum this week, witnessing a surge of over 15%. This increase was accompanied by a significant rise of over 40% in trading volume. Conversely, Litecoin experienced a 27% price increase over the past week, although its trading volume decreased by more than 15%.
In light of these developments, investors in Ripple and Litecoin are taking precautionary measures against potential bearish market conditions.
DeeStream: Empowering Streamers' Freedom of Expression
DeeStream stands out as the pioneering live-streaming platform leveraging blockchain technology. It provides a decentralized alternative to established services like Twitch or YouTube.
The platform ensures freedom of expression within legal boundaries and incentivizes streamers through various revenue opportunities. Additionally, it offers a cryptocurrency swap service without any commission, further enhancing its appeal.
The ongoing DeeStream presale presents an early investment opportunity, with tokens priced at $0.04. Investors are attracted by the potential for significant returns and the opportunity to earn a portion of the platform's revenue fees.