Streamr (DATA) Skyrockets By Over 200% – Here is Why

In the volatile world of cryptocurrencies, Streamr (DATA) has become the talk of the town, experiencing an astonishing surge of over 200% in recent days. The DATA token has demonstrated remarkable resilience, with its price soaring by an impressive +221% over the last 7 days.

Source: Coinmarketcap

As of the latest update, the DATA token is trading at $0.09555, showcasing an extraordinary +92.87% surge in the past 24 hours alone. The market capitalization of Streamr now stands at a substantial $94 million, underscoring the magnitude of its recent rally.

Streamr, a well-known open-source project and decentralized platform, distinguishes itself by relying on cryptography instead of traditional trust-based models. Positioned as a peer-to-peer, real-time data infrastructure, Streamr has built a robust ecosystem that encompasses a platform and various tools, fostering the development of a new data-driven economy.

Why Streamr (DATA) Token is Surging?

The primary catalyst behind the remarkable surge of the DATA token is its breakthrough from a prolonged downtrend. The downtrend’s trendline was shattered on December 19th at the price level of $0.031. This pivotal breakout has propelled the price of DATA to reach a high of $0.09898, marking an astonishing +200% gain in just 20 days.

Source: TradingView

Investors are closely monitoring Streamr’s ascent, recognizing the significance of its deviation from the downtrend.

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