Streamr Research Hub | DATA information, history and analysis
Streamr is an open-source decentralized platform built on the Ethereum blockchain. Streamr is designed to encrypt data, allowing users to freely exchange digital content and connect with each other through a P2P network. As a gateway to the new data economy, Streamr provides ethical data sharing models that preserve user privacy and facilitate scalable crowdsourced datasets known as “Data Unions”.
By using smart contracts, Stream creates an environment that allows individuals and organizations to publish, exchange data, and monetize it. Users are allowed to choose when to publish new data to the system’s existing data stream. Anyone has access to the Internet can become a publisher and earn profit by selling access to data streams using Data Unions. These data will then be used by other users who are participating in the platform.
DATA is a utility token of the Streamr ecosystem, operating on Ethereum according to ERC20 standard, and can be used to:
- Paying for services and real-time data exchange.
- Reward to incentivize participants to maintain and operate a P2P network.
- Users earn DATA for helping deliver quality data.
DATA’s price uptrend is notable: DATA Coin’s recent trading volume doubled to 300 million USD, with the price rising by 10.71%. This activity reflects increased market engagement and suggests a recovering trend after years of decline.
Resistance level at $0.07000: The historical resistance level at $0.07000 has limited DATA’s price since 2021. Breaking this barrier could initiate a price surge of 200%, pushing the price potentially towards $0.14 or even higher.
Positive community sentiment around DATA: Growing trader Optimism is evident on social media, with many anticipating a breakout. Predictions suggest that surpassing the resistance might not only lead to a price of $0.14, but could reach as HIGH as $1.00.
DATA rises 94.77% after 24 hours, hits the highest in 20 months
Streamr (DATA) became the focal point on ONUS today after witnessing a significant growth of 94.77% in just 24 hours.
This asset has officially surpassed the 2,200 mark for the first time since April, 2022.