Price (USD)$ 0.1797
Circulating SupplyOCEAN 613.09914M
Volume (24h)$ 3.04432M
Market Cap$ 110.1988M
Low/High 24h$ 0.1771 - $ 0.1894
Change (24h)-$ 0.003524
The dynamic world of cryptocurrency keeps developing, providing more attractive opportunities for investments. One of them is Ocean protocol.
Ocean is an open-source protocol that aims to allow businesses and individuals to exchange and monetize data and data-based services. It’s essentially an ocean of accessible private data that can be used for a variety of applications. According to the official blockchain’s website, Ocean makes it easy to publish data services (deploy ERC721 data NFTs and ERC20 datatokens), and to consume data services (spend datatokens). Crypto wallets, exchanges, and DAOs become data wallets, exchanges, and DAOs.
Ocean Protocol was founded in 2017 and is co-founded by Trent McConaghy, an AI researcher, Bruce Pon, the current CEO of BigchainDB, Cristina Pon, Marketing Director, and Razvan Olteanu. The OCEAN project has three thousand contributors in more than hundreds of countries. Built on top of the Ethereum blockchain, the Ocean protocol uses ‘datatokens’ to gate access to data sets. The tokens are then redeemed by users who need access to the information. The ERC2o OCEAN token was also launched in 2017. As of 2022, around 613 million OCEAN tokens are in circulation.
The main features of the project are:
At the moment, OCEAN token ranks #160 on CoinMarketCap and costs around 0.1797 USD. Various analytics predict several ways of the project’s development.
For instance, TechNewsLeader believes that 5 years from now, the token will cost $1.76, while in 2030 its price will soar as high as $5.25.
According to PricePrediction, the future of the project will be just as successful: their analytics think that in 2027, the average price of the OCEAN cryptocurrency will fluctuate around $1.69, however, they are more optimistic about its distant future: they predict that in 2030 the coin will be sold for $7.97.
TradingBeasts are more sceptic about OCEAN’s development: they estimate that in 2025, the token’s average price will be only $0.2619544.
In February 2022, the Ocean Protocol Foundation (OPF) announced that it will provide $2 million in funding to entrepreneurs who will create new open source projects based on Ocean Protocol. Thus, the company will be able to expand the adoption of Ocean technologies. This initiative is called Ocean Shipyard and it will certainly help new projects to succeed in the market.
Some OceanDAO voting mechanisms have been improved to be accessible and fair to every participant.
The development team also plans to:
All in all, the team behind OCEAN protocol has planned a lot and intends to implement a whole range of new features that will help propel the token’s price and encourage its further development. We can hope that if they stay on track, the protocol will soon reach new heights on the crypto market and within the crypto industry.
StealthEX is here to help you buy OCEAN coin. You can do this privately and without the need to sign up for the service. Our crypto collection has more than 450 different coins and you can do wallet-to-wallet transfers instantly and problem-free.
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Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.