Streamr DATAcoin Price Prediction | Via SwapSpace | Capital | June 2021
DATA is an ERC-20 token that powers Streamr-an open source infrastructure project for decentralized data sharing. Streamr was launched in 2017 to promote free data transactions, rather than private companies hoarding data. The project features a market for users to collect data and a technical framework for managing, publishing and processing these data.
Streamr aims to help users master their own information and make money in the process. It allows them to release data products to the market. These data products can consist of one or more data streams (real-time data sequences), or they can only be used by subscribers, or they can be provided for free. Users can also form or join data alliances-crowdsourced data projects, and all participants can share profits. In addition, users can participate in the decentralized governance of the network.
Streamr uses a more or less standard subscription model, which means buyers need to pay to access certain content within a selected period of time. All transactions on the market are carried out using the native DATA currency, which is actively circulating on the exchange, with a total supply of approximately 1 billion. Starting in 2022, it will also be used as an incentive to run “agent nodes” to help promote the normal functioning of the network.
After the user management system was launched, DATA attracted some attention in the spring of 2021. This caused the price to rise, reaching about $0.23 in April, and then falling back for a while. In June 2021, the price of DATA rose again, from around US$0.07 to US$0.17. This latest leap is attributed to Swash, the first browser extension developed by Data Union, which reached more than 50,000 users. The growing interest in running nodes on the new testnet launched in August 2021 may also be a factor, as both confirm the growth potential of the project and its utility. This trend has made many experts cautiously optimistic about the future of DATA. It is expected that the price will be mostly between US$0.2 and US$0.5 by the end of 2021.
Although it is almost impossible to perform 100% accurate technical analysis of the Streamr DATAcoin cryptocurrency, on this advanced technical analysis tool of TradingView, you can view the real-time aggregated DATA buying and selling ratings in the selected time frame. The summary of DATA/USD is based on the most popular technical indicators — moving averages, oscillators and pivots.
Below we have collected the most reliable price predictions of Streamr DATAcoin (DATA) from popular prediction platforms.
According to WalletInvestor, the price of Streamr DATAcoin will rise from $0.1212 to $0.265 within one year. This makes DATA a great investment. The long-term profit potential is 118.65%. The forecast price at the end of 2026 is $0.772.
In the DigitalCoin analysis, the price of Streamr DATAcoin cryptocurrency will rise from today’s $0.119767 to $0.4610622 in the next 5 years. It will rise to 0.2017826 USD by 2022 and start to decrease in 2023-2024. According to this prediction, Streamr DATAcoin is a profitable long-term investment.
It is clear from the analysis cited above that the forecast of Streamr DATAcoin (DATA) is quite contradictory. There is no general consensus on the positive or negative trend of DATA prices in the future. In fact, the possible future growth depends on various factors: announcements, new technical solutions for the Streamr DATAcoin project, general encryption environment, legal status, etc. We would like to remind you that you must conduct your own research (DYOR) before investing in any cryptocurrency.
Disclaimer: This article should not be considered as providing trading advice. The cryptocurrency market suffers from high volatility and occasional arbitrary fluctuations. Any investor should research multiple viewpoints and be familiar with all local regulations before investing.
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