Table of Contents
Ripple (XRP) and Avalanche (AVAX) haven’t been able to sustain their respective pumps as February draws to a close. However, one crypto in its presale phase has become a favorite among their holders as an addition to their underperforming portfolios. DeeStream (DST) emerged as the rare investment opportunity in its presale phase which can easily moon in 2024.
Avalanche (AVAX) Holders Feeling the Burn
Token unlocks often result in token prices falling in price because the massive surplus it causes to token supply outstrips investor demand. Avalanche (AVAX) has historically shown that over time that every unlock was followed by a period of dumping. Last February 22nd, over $365 million worth of Avalanche (AVAX) tokens were released from vesting and added to the total Avalanche (AVAX) token supply. This has caused Avalanche (AVAX) prices to fall by 11% over the past week, currently trading at $36.93 as of this writing.
Ripple (XRP) Hoping for a Strong Finish
Ripple (XRP) had a relatively mediocre February even as Bitcoin (BTC) hit $52,000, with the token down 6.2% as of this writing. Ripple (XRP) was trading at $0.539 as of press time, managing a relatively measly 5.3% gain in the past month compared to other altcoins that posted double-digit gains. However, observers predict that Ripple (XRP) could surge from its current range of $0.53 to $0.733 by the end of March based on bullish estimates.
DeeStream (DST) Presale Investors Primed for a Massive Pump
Investors looking for serious gains shouldn’t look at charts that have already pumped during the last cycle, because the tendency for such projects is to hit lower highs and lower lows. Instead, the real gains will be found in tokens whose charts haven’t come close to pumping yet—or, in the case of DeeStream (DST), charts that haven’t even launched yet.
Go to Source to See Full Article
Author: Crypto Daily