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Streamr DATAcoin Price Prediction

An up-to-date Streamr DATAcoin price prediction for 2021, 2023, 2025. Wondering what is the future of DATA price? Find out Streamr DATAcoin price forecast with historical, fundamental and technical analysis.
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Streamr DATAcoin Fundamental Analysis

Project name
Streamr DATAcoin
Stock Symbol
DATA
Curr. Price
0.1219
Curr. Supply/Total Supply
420417640.8271965
ROI Since Launch
No Data
Launch Date
2017-07-24

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.

Streamr DATAcoin Technical Analysis

Despite the fact that 100% accurate technical analysis for Streamr DATAcoin cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated DATA buy-and-sell rating for selected timeframe. The summary for DATA/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

Summary

As it can be clear from the analysis cited above, Streamr DATAcoin (DATA) projections are rather contradictory. There is no universal consensus either about positive or negative future DATA price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Streamr DATAcoin projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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