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With February reaching its end, we look back on what has been an exciting month for many cryptos investors. Getting a “green” rating, the market increased in February. Some of the best performers in the month were Solana (SOL), Ethereum (ETH) and Bitcoin (BTC).
We consider the first two of these tokens in this analysis to show just how well they performed. Our special feature also highlights a new project that shone in February, DeeStream (DST). We explore what made it stand out and other details. This analysis also makes data-backed predictions for March.
Slow and Steady Solana (SOL) in February
It wasn’t exactly the best month for Solana (SOL), considering the standards we have come to expect from it. But by most estimations, Solana (SOL) performed better this month than in January. Its starting point for the month was $97.65 and Solana (SOL) has improved on this by over 20%.
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However, that doesn’t quite tell the full story. Solana (SOL) spent the first week of February within touch of $100 before breaking past it on the 8th of the month. It would remain above this for the rest of February. Solana (SOL) ends the month slightly below $130, having improved by 21% in the last week.
High-flying Ethereum (ETH) Ends February at $3,300
Around two hours after entering February, Ethereum (ETH) could be bought for $2,282 per unit on the Binance Exchange. Its current value is more than $1000 ahead of that.
Ethereum (ETH) spent most of the month on the up, with constant gains. It has improved by over 60% from a month ago. At press time, a unit of Ethereum (ETH) costs $ 3,364.10. Looking at the indicators, it should see even more growth in March and reach $5,000 by May.
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Shining Performance for DeeStream (DST)
DeeStream (DST) is a new project based on blockchain principles that seeks to extend the benefits of decentralization to a new industry. In this case, it is the live-streaming industry, with platforms like Twitch and YouTube that connect users to content and other users. Simply put, DeeStream (DST) is a decentralized streaming service.
Being a decentralized project makes DeeStream (DST) different in several ways. Decisions are made by token holders and the community, rather than corporate executives who may not care so much about the average user. Profits are also shared more equitably, with streamers getting more revenue from DeeStream (DST) than they would from other platforms.
For investors, DeeStream (DST) is a huge opportunity. It has great utility but comes at a low presale price of $0.04. With this, more investors can buy the coin and profit from it.
Speaking of profits, DeeStream (DST) promises some of the best returns in the industry. Solana (SOL) and Ethereum (ETH) are rising now, but nobody expects either token to do more than 5x. For DeeStream (DST), the expectation is 20x, and experts say it could well deliver on this. The best investors will not miss great opportunities like DeeStream (DST).
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