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March is marked by a significant increase in interest as ethereum (eth) and bitcoin (btc) investors eye potential returns, focusing on the pre-sale of DeeStream (DST) amid a lively month for the cryptocurrency market.
ethereum above $4,000 is supported by derivatives market dynamics and an upcoming Dencun update promising a series of cost-cutting measures. bitcoin Targets $73,000 Thanks to New Institutional Interest and Backing from Tesla.
In the midst of this comes DeeStream, a new platform in the streaming space that offers decentralization, fair revenue sharing and transparency.
Positioned as one of the pioneers in the burgeoning streaming industry, DeeStream offers the simplest and most effective platform, perfectly designed for content creators and investors to use in an ever-improving landscape.
ethereum: What is driving the surge?
ethereum has been the main strength of the second largest cryptocurrency, able to stay above the $4,000 mark with a very firm floor. However, recent developments in the derivatives market have raised eyebrows.
Analysts believe a shift is being seen in options trading, with growing demand for puts adding to the push to hedge against potential downside.
Despite these concerns, experts remain optimistic and expect any drop in price to be met with aggressive buying.
The next major Dencun upgrade, scheduled for March 13, brings more promises of cost reductions in the ethereum ecosystem, especially in Layer 2 networks.
This new version contains contributions from previous updates and will change the way data is stored, thus building confidence for ethereum investors.
bitcoin: institutional interest continues to rise
Meanwhile, bitcoin has set its sights on the long-term target above $73,000 after a surge above $1,500. The coin reversed all its losses since the weekend and painted a green day, marking greater control by the bulls.
Net inflows surpassed $1 billion on Tuesday alone, 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 closely resembles what a typical large institutional trader would look like, furthering the narrative of institutional participation in the bitcoin (btc) markets.
With bullish sentiment prevailing among professional investors, many are now expecting a “sell-off” later this year as ETF purchasing demand continues to skyrocket.
DeeStream: revolutionizing streaming
DeeStream brings a disruptive attitude to streaming in the bustling crypto environment. The platform will be decentralized, guaranteeing creators a fair opportunity and equity for their fans. DeeStream challenges the status of fees on classic streaming platforms and offers instant token withdrawals with lower fees.
DeeStream is much more than that; It is an attempt to enter community development. Using the company's revenue sharing model, which would give the right to speak with investors about the governance of the platform, DeeStream would epitomize transparency and participation.
Learn more about DeeStream (DST) pre-sale by visiting the website here.
Disclosure: This content is provided by a third party. crypto.news does not endorse any products mentioned on this page. Users should conduct their own research before taking any action related to the company.
