The content and materials featured on this page are for educational purposes only. Following the recent Bitcoin halving, DeeStream’s presale attracts heightened attention from Avalanche and Ripple investors.
One major event in the crypto ecosystem that has fueled investors’ movement is the Bitcoin halving in mid-April, which has been anticipated since the last one, four years ago. Unlike in the past when Bitcoin surged to an all-time high after halving, this time around, Bitcoin surged to an all-time high before halving.
Like most altcoins, Avalanche is showing weakness following the fourth Bitcoin halving. The highly anticipated event, which has inspired mixed market sentiment, has seen capital spill over into other cryptocurrencies, including Avalanche.
In the past month, Avalanche has declined by 26.3% from about $47 to $39. On the other hand, Avalanche surged in the past week by 6.7%, moving near $40.
For instance, in the second week of March, Ripple was among the tokens that recorded a massive surge in the crypto market. Analysts revealed that Ripple holders recorded a profit of $368.79 million as the token surged from $0.4 to $0.62.
However, Ripple has declined by 13% in the past month and is now valued at $0.54. Analysts attribute this sharp decline to price correction and market sentiment.
Despite this decline, the Bollinger Bands indicator shows that Ripple is witnessing the tightest contraction ever. This band contraction is similar to the one recorded in 2020, the previous Bitcoin halving year.
DeeStream presale investors are optimistic about the swap service, allowing them to exchange different tokens instantly without charges or commissions. Users can withdraw their earnings in DST or swap them with other tokens.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page.
Users must do their own research before taking any actions related to the company.