Streamr

Bitcoin Cash

Elite

Polkadot

Shiba Inu

<p>Streamr (DATA), an open-source project and decentralized platform for real-time data infrastructure, has experienced a remarkable 23% price increase in the last 24 hours. The token is currently trading at $0.08814, with a 24-hour low and high of $0.07009 and $0.1059, respectively. This impressive performance has propelled DATA’s market capitalization to $88,568,264, ranking it 480th among all cryptocurrencies.</p>
<h2 class="wp-block-heading" id="streamr-network-1-0-mainnet-launch-a-milestone-for-decentralized-data-broadcasting">Streamr Network 1.0 Mainnet Launch: A Milestone for Decentralized Data Broadcasting</h2>
<p>The primary catalyst behind Streamr’s recent price surge is the highly anticipated <a href="https://twitter.com/streamr/status/1770118451928965458" target="_blank" rel="noopener noreferrer nofollow">launch</a> of the Streamr Network 1.0 Mainnet. After more than six years of development, this milestone marks the arrival of truly decentralized, serverless data broadcasting.</p>
<p>The Streamr Network boasts a range of features, including:</p>
<ul>
 <li>Peer-to-peer (P2P) architecture</li>
 <li>High-payload data capacity</li>
 <li>Hyper-scalability</li>
 <li>Robust security</li>
</ul>
<p>These characteristics position Streamr as a leading platform for the new data economy, enabling developers and businesses to build innovative applications that leverage real-time data streams.</p>
<p>The technology stack of Streamr includes a scalable real-time messaging network (pub/sub), hosted on computers worldwide, a marketplace for data trading and selling, and a set of tools for interacting with real-time data. By relying on cryptography instead of trust, Streamr ensures a secure and transparent environment for data exchange.</p>
<p>The platform’s decentralized nature allows for the creation of a more equitable data economy, empowering individuals and organizations to maintain control over their data and monetize it on their own terms.</p>
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<h2 class="wp-block-heading" id="technical-analysis-breakout-and-bullish-indicators">Technical Analysis: Breakout and Bullish Indicators</h2>
<p>According to our analysis, DATA has broken out of a descending channel at the $0.07 level, signaling a potential trend reversal and further upside potential.</p>
<p>The 200-day moving average (MA) for DATA currently stands at $0.04180. When a token trades above its 200-day MA, it is generally considered a bullish sign, indicating that the long-term trend is positive. With DATA trading well above this level, the token appears to have significant room for growth.</p>
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<p>The daily chart Relative Strength Index (RSI) for DATA is currently at 52. An RSI between 30 and 70 suggests that the token is neither overbought nor oversold, indicating a neutral market sentiment. This positions DATA favorably for potential price appreciation as market awareness and adoption of the Streamr Network 1.0 Mainnet grow.</p>
<p>The launch of Streamr’s Network 1.0 Mainnet has led to a recent price surge, highlighting the growing demand for decentralized data infrastructure solutions. As more developers and businesses recognize the potential of Streamr’s platform, the token’s value may continue to rise.</p>
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<p>The post <a href="https://captainaltcoin.com/why-is-streamr-data-price-pumping/" rel="noopener noreferrer nofollow">Why is Streamr (DATA) Price Pumping?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why is Streamr (DATA) Price Pumping?

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