As Markets Tumble, DeeStream Attracts Lido DAO & Compound Investors with Predictions of 50X Growth

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It's no secret that crypto markets haven't been performing incredibly well for the past months. Lido DAO and Compound have exhibited significant declines, leading investors to look for more lucrative opportunities.

Thus, many have turned to DeeStream, a decentralized video streaming platform set to change how the world thinks of video. Essentially, it will do what all the major platforms should actually be doing, namely providing a service whereby they simply connect consumers with creators instead of attempting to dictate what those creators can say. So, it's not surprising that it's attracting investors, consumers, and creators in droves.

Lido DAO's Performance Proves Concerning

Lido DAO is focused on helping layman users take advantage of the staking process by making it far simpler than it usually is. Thus, participants can stake their crypto assets and earn rewards without participating in the process. Essentially, it helps make the blockchain run more effectively, but that doesn't mean the market necessarily sees value in its services.

This becomes clear when looking at the Lido DAO's trading price, which is currently $2.07. On a month-by-month basis, the crypto has dropped by almost 30%, which is an impressive decline. Even when looking at the annual performance, things aren't much better.

 The coin still exhibits a 19.59% drop despite the fact that the beginning of 2024 saw it poke its head above $2.5 to reach an annual high of $3.63. However, it gave back all the gains it garnered and did so in a very short space of time.

Compound's Utility Doesn't Seem to Be Helping

The Compound platform is a decentralized lending/borrowing platform built on Ethereum, which makes it one of the few crypto projects to have real-world utility for laypeople. Unfortunately, its utility doesn't seem to save it from the crypto market's tumble.

Like Lido DAO, Compound is also down month-over-month, exhibiting a slightly over 30% decline from $81.76 to $55.4. On a YOY basis, though, things look a little better, with the crypto going up by 22%. Still, those are not what investors would call impressive gains for the crypto market.

The future doesn't look all that impressive, either. While the general sentiment is bullish, analysts don't really expect massive gains. In fact, it's expected to grow by about 5%. Considering that the 200-day moving average is sloping downwards, the trend is relatively weak, which is why some are actually bearish on the coin.

Regarding actual prices, the forecast for 2024 is $55.4, and for 2025, it's $58.17. However, investors should take these figures with a grain of salt due to the high volatility and unpredictability of the crypto market.

DeeStream Poised to Deliver 50X Gains

While analysts may be lukewarm on Lido DAO and Compound, that is not the case for DeeStream. In fact, the market as a whole is quite excited about this project because it has a clear purpose and utility. As a decentralized digital video streaming platform, DeeStream's goal isn't simply to provide another cryptocurrency.

Their aim is to give power back to creators and consumers. Instead of trying to dictate what people can say, they advocate for free speech within legal boundaries.

Furthermore, the revenue splits are far more attractive than what is available from legacy platforms. They also offer instant payouts and low fees.

Considering these factors, it isn't surprising that the general sentiment is that DeeStream will revolutionize video streaming. Combined with the fact that it's currently priced at a mere $0.06 since it is in stage 2 presale, it's not hard to see why predictions are for 50x gains, leading to a massive influx of investors and users.

For more information on DeeStream's presale, please check out the website here.