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March is marked by a significant surge in interest as Ethereum (ETH) and Bitcoin (BTC) investors eye potential returns, focusing on the DeeStream (DST) presale amidst a lively month for the cryptocurrency market.
Ethereum over $4,000 is underpinned by dynamics in the derivatives market and an upcoming Dencun upgrade promising a range of cost-cutting measures. Bitcoin targets $73,000 on new institutional interest and endorsement from Tesla.
In the midst of it comes DeeStream, a new platform in the streaming space that offers decentralization, fair revenue sharing, and transparency.
Positioned as one of the forerunners in the booming streaming industry, DeeStream offers the easiest and most effective platform, perfectly designed for content creators and investors to use in the ever-improving landscape.
Ethereum: What’s driving the surge?
Ethereum has been the major strength of the second-largest cryptocurrency, able to hold above the $4,000 mark with a very firm floor in place. However, recent developments in the derivatives market have raised many eyebrows.
Analysts believe that a change is being observed in the options trade, and the increasing demand for put options is adding to the bet on hedging against potential downsides.
Despite these concerns, experts remain optimistic, expecting any dips in price to be met with aggressive buying.
The next major upgrade to Dencun, scheduled for March 13, brings more cost-cutting promises in the Ethereum ecosystem, especially in Layer 2 networks.
This new release contains contributions from previous updates and will change the way data is stored, hence building confidence for Ethereum investors.
Bitcoin: Institutional interest continues to surge
Meanwhile, Bitcoin has set eyes on the long-term target above $73,000 after a more than $1,500 spike. The coin reversed all its losses since the weekend and painted a green day, marking more control by the bulls.
Net inflows on Tuesday alone topped $1 billion, levels not seen since December 2020 and part of a trend highlighting growing institutional confidence in Bitcoin’s long-term potential alongside Tesla’s move.
One analyst noted that the intraday nature of the recent price action bears much semblance to what a typical large institutional trader would look like, furthering the narrative of institutional involvement in Bitcoin (BTC) markets.
With bullish sentiment prevailing amongst professional investors, many are now expecting a “sell-side crisis” later in the year as ETF buying demand continues to skyrocket.
DeeStream: Revolutionizing streaming
DeeStream brings a disruptive attitude to streaming in the boiling crypto environment. The platform will be decentralized, guaranteeing creators a fair opportunity and fairness for their fans. DeeStream questions the status of fees in classical streaming platforms, offering instant token withdrawals with lower fees.
DeeStream is far more than that; it is an attempt to enter community development. Using the business’s revenue-sharing model, which would give the right to speak to the investors in the platform’s governance, DeeStream would epitomize transparency and participation.
Find out more about the DeeStream (DST) presale by visiting the website here.
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.
