Streamr DATAcoin Price Prediction
Wanna get a free genesis NFT and cashback for DATA swaps?
Table of Contents
Streamr DATAcoin Fundamental Analysis
DATA is an ERC-20 token powering Streamr – an open-source infrastructure project for decentralized data sharing. Streamr was launched in 2017 to promote free data trade, as opposed to data hoarding by private companies. The project features a marketplace for the user-collected data and a technical framework for managing, publishing and processing this data.
Streamr is designed to help users take ownership of their own information - and earn money in the process. It allows them to publish data products, which can consist of one or several data streams (sequences of real-time data), to the marketplace, either to be available only to subscribers, or for free. Users can also form or join Data Unions – crowdsourced data projects, where all the participants get a share of the profits. Besides, users can participate in decentralized governance of the network.
Streamr utilizes a more or less standard subscription model, which means buyers pay to access some content for a chosen amount of time. All the transactions in the marketplace are made using the native DATA currency, which is in active circulation on exchanges with total supply around 1 billion. Starting in 2022, it will also be used as an incentive for running a “broker node”, helping facilitate the network’s normal function.
Streamr DATAcoin Live Price Chart
DATA has garnered some attention in the spring of 2021 after the user governance system launch. This led to a jump in prices, which reached ~$0.23 in April before falling back down for a while. In June 2021 DATA prices rose again, from around $0.07 to $0.17. This latest jump can be attributed to Swash – a browser extension made by the first Data Union – reaching more than 50000 users. A growing interest in running a node in the new testnet coming up in August 2021 may also be a factor since both of those serve as a confirmation of the project’s potential for growth and its utility. This trend makes many experts cautiously optimistic about DATA’s future, predicting prices mostly ranging from ~$0.2 to ~$0.5 by the end of 2021.