Streamr DATAcoin Price Prediction
Streamr DATA Coin Price Prediction

Streamr DATAcoin Price Prediction

By SwapSpace | SwapSpace Blog | 8 Jul 2021


 

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 a total supply of 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.

DATA Token Fundamentals

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 DATA live price chart

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 the selected timeframe. The summary for DATA/USD is based on the most popular technical indicators — Moving Averages, Oscillators, and Pivots.

DATA Coin Technical Analysis

Streamr DATAcoin Price Prediction

Below we have collected the most reliable price projections for Streamr DATAcoin (DATA) from popular forecast platforms.

#1. WalletInvestor DATA Price Prediction for 2021, 2023, 2025

According to WalletInvestor, Streamr DATAcoin price will grow from $0.1212 to $0.265 in one year. That makes DATA an awesome investment. The long-term earning potential is 118.65%. The predicted price for the end of 2026 is $0.772.

#2. DigitalCoin DATA Price Forecast for 2021, 2022, 2023, 2025

In DigitalCoin analysis, the price of Streamr DATAcoin cryptocurrency will rise in the next 5 years starting from $0.119767 as of today’s price to $0.4610622. It will go up to $0.2017826 by 2022 and starts its reduction in 2023–2024. Based on this forecast, Streamr DATAcoin is a profitable long-term investment.

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).

About SwapSpace

SwapSpace is a cryptocurrency exchange aggregator that allows to swap over 550 cryptos with both fixed and floating rates. We gather the rates of major crypto exchanges on the market onscreen and let our users compare and choose whatever option they like the most. We don’t add any fees over the partners’ rates, which makes the exchanges via SwapSpace profitable. The exchange time is no longer than at any of our integrated services starting from 10 minutes. SwapSpace support works 24/7.

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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SwapSpace is a registration-free non-custodial cryptocurrency exchange aggregator that allows clients to swap over 500 cryptos with both fixed and floating rates.


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SwapSpace is a cryptocurrency exchange aggregator aiming to accelerate your swaps. Instant swaps with no more registration, extra fees, or searching for the best rates – everything is collected in one place for you. In this blog we post our announcements, industry news, guides and tutorials, and a few crypto memes. Stay tuned!

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