Streamr tokenizes streaming data to enable a new way for machines & people to trade it on a decentralized P2P network.
With Streamr, you can distribute unstoppable data streams over a global open source peer-to-peer network and build the new data economy. You can discover new ethical business models for user data with scalable crowdsourced data sets — Data Unions. This will affect DATA price which is the native token of Streamr.
You can unlock the value of user data without setting up your own custom infrastructure. A Data Union is a crowdsourced dataset, sold on the Streamr Marketplace, with providers incentivized via micropayments. An easy creation flow and simple analytics provided by the Core app puts the power of Data Unions at your fingertips.
Plug and Play Data Support
The Streamr Network is a robust, massively scalable peer-to-peer network for transporting machine data with the pub/sub pattern. You can connect your data streams to a global, neutral data fabric. Deliver end-to-end encrypted data points to thousands of subscribers in under 400ms globally, without trusted middlemen. Nodes earn crypto by providing bandwidth. Data integration is as easy as five lines of code.
Streamr uses smart contracts on the Ethereum blockchain to secure payments and data permissions. DATA, an ERC-20 standard token, is used for settlement and to incentivize network nodes to provide bandwidth for data transport.
Let us review DATA price.
DATA Price Prediction
DATA is currently trading above the support of $0.1616 and below the resistance of $0.2098. If the resistance of $0.2098 can be broken we could see a move towards $0.2430. Clearing $0.2430 and flipping it to support could lead to a move towards $0.2669, $0.3265, $0.4988 and $0.7775.
Failure to break the resistance at $0.2098 could lead to a drop towards $0.1616 and $0.1304.
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