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What is Streamr (DATA)?

Streamr basic info

Name:Streamr
Ticker:
Introduction:

What is Streamr (DATA)?

Streamr (DATA) is a unique and innovative project. It's an open source platform that uses cryptography instead of trust, making it decentralized and secure. This P2P real-time data infrastructure offers a marketplace for trading and selling data, as well as a variety of tools for working with real-time data. The technology stack includes a scalable messaging network and is hosted on computers all over the world. I find it interesting that Streamr (DATA) was crowdfunded in 2017, and the developers' mission is to create unstoppable data for unstoppable apps. They've even tokenized the value of real-time information and made it available on their marketplace and data unions. I believe this could be a crucial protocol for Web 3.0, and it's built for DApps, IoT devices, and more.

How does Streamr (DATA) Work?

Streamr DATA coin aims to establish a convenient and prosperous information market by leveraging a user-friendly data exchange network. The decentralized pub/sub network is supported by nodes from across the globe, who earn DATA tokens in exchange for providing bandwidth and validation. The project's competitive edge stems from the fact that it is an off-chain network, which makes it less susceptible to scalability and bandwidth issues when compared to similar services like IOTA. The Streamr team focuses on developing network optimization technologies instead of creating a special blockchain. If Streamr lacks the capabilities of Ethereum, developers can always transfer the platform to another blockchain.

What makes Streamr (DATA) Unique?

Streamr (DATA) is a cutting-edge project that aims to facilitate data exchange and monetization in a seamless manner. The network functions on a peer-to-peer (P2P) basis, allowing real-time data exchange through the use of smart contracts on Ethereum.

Broker nodes play a crucial role in the network, facilitating the publish/subscribe pattern that is used to transmit data from providers (also called publishers) to consumers. In order to ensure the smooth operation of the stream, sponsors (who may also be publishers) pay DATA tokens into a smart contract (known as a Bounty) for the stream to operate. The data stream is secured by broker nodes mining Bounties, and data is relayed to subscribers through publisher or broker nodes, with streams segmented for optimal transmission.

The Streamr Stack is a sophisticated, hierarchically organized complex of optimization technologies that support uninterrupted data transmission in the network. It consists of five core blocks: smart contracts (which optimize the relationship between network participants in the information market); Streamr Editor (a set of programming tools developed for the project); Streamr Engine (which analyzes, processes, and refines data while monitoring network events); Data Market (a central hub for data streams and a platform for transmitting and receiving data); and Streamr Network (used to transfer data).

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Current price:
All-time high:$0.3746
All-time low:$0.004854

DATA supply and tokenomics

Circulating supply:1,075,903,900 DATA
Total supply:1,137,823,352 DATA
Max supply:0 DATA
Market cap:$35.25M
Fully diluted market cap:$37.28M

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What is the development prospect and future value of DATA?

The market value of DATA currently stands at $35.25M, and its market ranking is #635. The value of DATA is not widely recognized by the market. When the bull market comes, the market value of DATA may have great growth potential.

As a new type of currency with innovative technology and unique use cases, DATA has broad market potential and significant room for development. The distinctiveness and appeal of DATA may attract the interest of specific groups, thereby driving up its market value.

What will the price of DATA be in 2025?
Based on DATA's historical price performance prediction model, the price of DATA is projected to reach $0.04958 in 2025.
What will the price of DATA be in 2030?
In 2030, the DATA price is expected to change by -3.00%. By the end of 2030, the DATA price is projected to reach $0.1081, with a cumulative ROI of +230.77%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of DATA and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is DATA worth investing or holding? How to buy DATA from a crypto exchange?

If you want to buy DATA, the following information may be helpful for your investment decisions:
In the last 7 days, the price of DATA has fallen by -9.00%, leading to negative returns for most DATA investors. The market is currently pessimistic about the price trend of DATA.
It is important to note that the current price of DATA has retreated by -91.25% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether DATA is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in DATA or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of DATA, if you want to buy or sell DATA, you can consider Bitget for your trading needs. The best place to buy DATA is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Streamr has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Streamr. Here's a step-by-step guide on how to buy Streamr on Bitget.

How to get Streamr through other methods?

Using cash to buy Streamr is not the only way to obtain Streamr. If you have the time to spare, you can get Streamr for free.
Learn how to earn Streamr for free through the Learn2Earn promotion.
Earn free Streamr by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Streamr airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Streamr through Bitget Convert, Bitget Swap, or spot trading.

What is Streamr used for and how to use Streamr?

The use case of Streamr may expand as the crypto market and the project itself develop. Currently, you can use DATA to achieve the following goals:
Arbitrage by trading DATA: Since DATA is a frequently traded cryptocurrency, the price of DATA is always fluctuating. Earn more DATA by buying low and selling high on the exchange. Bitget spot market provides a variety of DATA trading pairs to fully meet your needs.
Earn by staking DATA: You can also generate income through financial management methods such as staking DATA or lending DATA. Bitget Earn offers a variety of financial products designed to help you earn more income from your DATA.
Send or pay DATA: If you want to give DATA to your friends, a charity, or a fundraiser, or you want to pay someone with DATA, you can quickly and easily send DATA to the recipient through their payment address.
You can also go to the official website of the Streamr project to learn more about the use cases of DATA. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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