UNI gains 70% in 24 hours, as other decentralized coins set mimic like DeeStream (DST) pre BTC halving

The post UNI gains 70% in 24 hours, as other decentralized coins set mimic like DeeStream (DST) pre BTC halving appeared first on Coinpedia Fintech News

In just one day, the value of Uniswap (UNI) increased by a noteworthy 70%. This abrupt increase is the result of a significant governance plan. The plan calls for distributing the protocol’s fees among the participating UNI token holders. In the meantime, Bitcoin (BTC) is still leading and is rising, with its target of $70,000 before the halving event.

DeeStream (DST) is becoming a major participant in the decentralized streaming space, aiming to change how people watch media online. These trends suggest that the streaming and cryptocurrency businesses may undergo adjustments.

Uniswap (UNI) Surges 70%: Governance Proposal Sparks Rally

Uniswap (UNI) went up by a significant 70% in just 24 hours due to a crucial suggestion from the Uniswap Foundation regarding governance. The proposal recommends sharing protocol fees with active UNI token holders engaged in network governance. The voting for this proposal is scheduled for March 1, with on-chain voting starting on March 8. If accepted, it might alter how Uniswap (UNI) rewards token holders, potentially causing an increase in UNI’s value, reaching $12, the highest since January 2022. This rise challenges UNI’s prolonged sideways trend, signalling a potential change in market dynamics.

Additionally, the upcoming v4 upgrade, expected in Q3 2024, aims to enhance the protocol’s functionality by incorporating features from the Ethereum Dencun upgrade. This upgrade reflects Uniswap’s commitment to innovation and user experience.

Bitcoin (BTC) Eyes $70K: Path to Halving Event

Bitcoin’s value keeps going up, crossing $50,000 and staying around $51,000. People are excited as they watch for the upcoming halving event, wondering if it will go beyond $70,000 before it happens. Even though there was a small decrease in the last day, Bitcoin’s total market value is still a strong $1.00 trillion, showing its dominance in the world of cryptocurrencies. Looking forward, there is a positive outlook because more people are using it and big financial players are getting interested. 

The journey of Bitcoin (BTC) shows it can withstand challenges and is liked by many, making it an important part of the financial world with good prospects for the future.

DeeStream (DST) Emerges as Decentralized Streaming Pioneer

DeeStream (DST) plans to change how we watch videos online by introducing a decentralized option to popular platforms like YouTube and TikTok. The streaming industry is currently valued at over $160 billion, making it a ripe opportunity for transformation. The DST token is essential in supporting content creators and providing them with more freedom and flexibility. The presale phase of DeeStream (DST) has attracted significant interest, offering investors a chance to buy DST tokens at $0.04.

As DeeStream (DST) gains popularity, it represents a move towards decentralization in the world of digital content, providing an alternative for those interested in innovation within the streaming industry.

In short, as Uniswap (UNI) expands, Bitcoin (BTC) targets $70,000 and DeeStream (DST) takes the lead in decentralized streaming, the realm of cryptocurrency is on the verge of notable transformation. These developments highlight the dynamic character of digital assets, offering chances for investors and enthusiasts to participate in pioneering progress.

Find out more about the DeeStream presale by visiting the website here