OCEAN is a token of the platform Ocean Protocol. Its current price is around $0.1508 at the time of writing, with a low of $0.116, and it has a market cap of 92 million dollars.
What is Ocean Protocol (OCEAN)?
OCEAN is the coin of the Ocean Protocol platform, which is around $0.1508 at the time of writing, with a low of $0.116. It reached a high of $1.14, and its current ranking is #172, according to CoinMarketCap, with a market cap of 92 million dollars. Ocean Protocol allows data providers and consumers to transact in a blockchain-based marketplace.
The company’s model is based on tokenizing one’s data and services that can enable data providers to monetize their assets easily and give access to a high-quality range of data in one place. Ocean Protocol is a blockchain solution for data services. Data providers can put their data on the Ocean Platform and get tokens in return. This opens the door to monetizing data that was otherwise not usable before.
OCEAN Coin Market Analysis
OCEAN has a total supply of 613,099,141 coins worth around$0.1508 with a market volume of 14 million dollars, whereas the market capitalization is 92 million dollars at writing. It’s already starting to outperform and is expected to continue earning well-above-average returns. Based on what investors expect, Ocean Protocol is worth investing in going forward as it is likely to experience a higher growth rate than most other possibilities on the market today.
OCEAN Price Prediction
In the 2H timeframe, the price action of $OCEAN/USDT is rising up from the horizontal support zone. Currently, the price is getting rejected. If the price breakdown its support zone, then it can go downward.
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Closing Thoughts
The Crypto market is known for its volatile nature. According to the above analysis, the coins we discussed might prove to be profitable if other market conditions prevail favorably. We suggest you engage in adequate research before investing in any digital assets.
