In this article, we’ll delve into the interesting events lined up for April, particularly the halving event set for April. Our main point of interest will be the Bitcoin halving event and its potential impact on these digital tokens. Additionally, we’ll take a look at the various opportunities that investors are eyeing for potential profits. Among these opportunities, we’ll explore DeeStream, an innovative project that’s changing the game in the streaming industry.
Bitcoin halving effects
Satoshi Nakamoto, the mysterious creator of Bitcoin, set a limit of 21 million tokens right from the start. He also programmed a feature called “halving” into Bitcoin’s code. This means the rate at which new Bitcoins are made available decreases over time. Currently, around 19 million tokens have been released.
Some crypto and bitcoin enthusiasts believe that its limited availability is what makes it valuable. When something is rare, its price tends to go up when more people want to buy it. So, if the supply of Bitcoin decreases, its price should go up. However, there isn’t any proof that previous halvings of bitcoin supply have directly led to an increase in its price. Nevertheless, traders and miners have looked closely at past halvings to try to understand them better and potentially make smarter decisions.
SEC calls for comments on spot ETH ETFs
The Securities and Exchange Commission (SEC) wants to hear from the public related to Ethereum Exchange traded funds (ETFs). The SEC is asking for comments from people as part of their review process. These ETFs are connected to Grayscale Investments, Fidelity, and Bitwise.
Even though people were hopeful when the agency approved bitcoin spot ETFs in January, analysts in the industry aren’t as confident that the regulator will do the same for products linked to Ethereum (ETH). The commission changed its stance on bitcoin ETFs after facing pressure due to a court dispute with Grayscale. However, officials from the SEC argued that this approval doesn’t extend to other tokens like Ethereum.
DeeStream is emerging as a leader in the decentralized streaming industry
Right now, traditional streaming platforms have a bunch of problems. Streamers who are already active on these platforms, like Twitch, are excited to be part of this new project. That’s because DeeStream focuses on letting people express themselves freely.
Nearly half of viewers are tuning into TV less due to live streaming, which is expected to become a $247 billion industry by 2027. One fifth of the time spent watching content worldwide is dedicated to live streams, while the rest is on demand. In the USA, nearly half of the population has watched live streams. So, here is the big potential for the Deestream with its decentralized model. DeeStream’s decentralized model not only reduces fees for streamers but also involves the community significantly through its governance structure. Currently it is at stage 2 of the presale and the token is priced at just $0.06.
Visit the website to find out more about the presale.
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