Solana Surpasses Binance Coin, Ethereum Eyes $3,000, and DeeStream Draws ETH and SOL holders to its Presale
Solana (SOL) and DeeStream (DST) gain traction while Ethereum (ETH) whales keep an eye on a fresh streaming presale.
Solana Overtakes Binance Coin in Market Capitalization Milestone
Solana has achieved a significant milestone by surpassing Binance Coin (BNB) in market capitalization, marking a noteworthy achievement for the cryptocurrency. This achievement reflects a growing confidence in the Solana ecosystem. The recent surge in interest is evident, with open interest experiencing a massive 108% increase, reaching a new record of $1.75 billion. This surge in investor activity, combined with positive sentiment, contributes to a bullish outlook for SOL. Analysts predict a potential target of $140, indicating a 25% growth from the current price.
Key metrics such as on-chain data and fees also indicate a positive sentiment towards Solana. On-chain metrics reveal a significant increase in Solana's value on-chain, reaching $37 trillion, the highest in the last 12 months. Fees have also reached an all-time high of $1.2 million on Jan. 31, further demonstrating strong network activity. Price analysis suggests a continuation of the current uptrend, potentially reaching a higher high above $125, with a significant resistance zone at $167 as the next target.
Ethereum Soars Above $2,700 with Unstoppable Momentum
Ethereum is experiencing a strong surge in price, surpassing the crucial $2,700 level. Several technical indicators point to a bullish momentum, including strong buyer control, the absence of sellers, and Ethereum's alignment with Bitcoin's remarkable performance in the market. The rally, starting with a breakout at $2,500, showcases double-digit gains and positions Ethereum with a key resistance level at $3,000. The recent bullish cross on the 3-day Moving Average Convergence Divergence (MACD) suggests the potential for continued strength in ETH buyers.
DeeStream Aims to Revolutionize Streaming Industry
DeeStream (DST) is emerging as a potential game-changer in the streaming industry, capturing the attention of crypto experts. Positioned as an ecosystem for content creators and consumers, DeeStream (DST) addresses common challenges faced by other platforms. The platform's user-friendly approach and commitment to eliminating hurdles position it as a significant player in the evolving streaming landscape.
DeeStream's presale is gaining traction among crypto experts and investors, including Ethereum and Solana holders, who are participating in anticipation of the platform's potential success. Priced at an attractive $0.035, the presale offers investors fee distribution, commission-free swap services, and active governance participation. With the global streaming market predicted to exceed $247 billion, DeeStream strategically positions itself for growth, potentially outpacing established cryptocurrencies.
In conclusion, the rise of Solana, the strong progress of Ethereum, and the promising entry of DeeStream into the streaming scene showcase the ever-changing nature of the cryptocurrency market. Investors and enthusiasts are closely monitoring these developments, expecting notable growth and innovation in various parts of the crypto space.
Analyst comment
Positive news: Solana surpasses Binance Coin in market cap, indicating growing confidence in the Solana ecosystem. Ethereum experiences a soaring price, breaking above $2,700 with strong buyer control and potential for continued strength. DeeStream (DST) draws attention as a potential game-changer in the streaming industry, with its user-friendly approach and attractive presale offer.
Market prediction: Solana (SOL) may see a potential 25% growth to reach a target price of $140. Ethereum (ETH) has strong momentum and could continue to rise towards a resistance level of $3,000. DeeStream (DST) has the potential to outpace established cryptocurrencies as it enters the streaming market.
