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Why Streamr (DATA) Rallied 220% As Crypto Market Recovers? Paris Hilton Goes Bigger in NFTs, Invests in Origin Protocol

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Tomiwabold Olajide

The crypto market is recovering following the prior day’s declines. Bitcoin picked up from June 8 lows of $31,013 to reach highs of $36,950 in today’s trading session. At the time of writing, majority of Altcoins were seen trading in green with Kusama (KSM, +24.59%), Wootrade (WOO, +30.09%), Bitcoin Gold (BTG, +28.96%), Curve DAO Token (CRV, + 20.12%), Bitcoin Diamond (BCD, + 42.24%), FunToken (FUN, +28.03%), Verge (XVG, +20.51%), Algorand (+17.25%), Telcoin (TEL, +23.50%) posting significant gains.

Among the day’s top gainers are BTC hard forks, Bitcoin Diamond (BCD, + 42.24%) Bitcoin Gold (BTG, +28.96%) which rallied alongside Bitcoin amid the positivity on the El Salvador Bitcoin legal tender bill.

DATA/USD Daily Chart

Streamr (DATA) posted an impressive rally in the day, surging from lows of $0.083 to highs of $0.2724 gaining 228% in the process.

Why Streamr (DATA) rallied 220%

The Streamr Network is a scalable real-time messaging system, which enables applications and devices such as IoT sensors or connected cars to share and trade their data. Streamr (DATA) rallied on June 9 after the outage affecting parts of the web2 internet brought up the discourse on the pitfalls of centralized messaging infrastructure while highlighting the essence of a decentralized web3 messaging system.

On Tuesday, June 8, the internet was brought to its knees, with 503 errors showing up across major news outlets and websites. The internet broke before swiftly being fixed again as websites such as Amazon, Reddit, Spotify, eBay, Twitch, Pinterest, CNET went offline due to a major outage at a service called fastly.

Development remains in progress to make Streamr fully decentralized with Brubeck as the current milestone while a proposal to create a DATA mining rewards pool of up to 2M for the Brubeck Testnets has been approved by the community.

Paris Hilton Invests in Origin Protocol

Paris Hilton disclosed on June 8 that she has invested in Origin Protocol, a decentralized network that’s focused on launching NFTs (non-fungible tokens), and is joining the firm as an adviser.

Celebrity Paris Hilton made a foray into the non-fungible token (NFT) movement after minting her first NFT in 2020. the hotel heiress also launched her very own NFT collection in collaboration with designer Blake Kathryn in April. Notably, Hilton had earlier stated in March that she was “ready to go big in NFTs.”

At the time of writing, the Origin protocol was trading at $0.83.

The post Why Streamr (DATA) Rallied 220% As Crypto Market Recovers? Paris Hilton Goes Bigger in NFTs, Invests in Origin Protocol appeared first on Latest Crypto News.


Why Streamr (DATA) Rallied 220% As Crypto Market Recovers? Paris Hilton Goes Bigger in NFTs, Invests in Origin Protocol was first posted on June 9, 2021 at 6:21 pm.
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