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Ocean Protocol

Ocean Protocol priceOCEAN

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Ocean Protocol price live data summary

The live price of Ocean Protocol is $0.8559 per (OCEAN / USD) today with a current market cap of $486.45M USD. The 24-hour trading volume is $53.44M USD. OCEAN to USD price is updated in real time. Ocean Protocol is +1.14% in the last 24 hours. It has a circulating supply of 568,381,100 .

What is the highest price of OCEAN?

OCEAN has an all-time high (ATH) of $1.94, recorded on 2021-04-10.

What is the lowest price of OCEAN?

OCEAN has an all-time low (ATL) of $0.01351, recorded on 2019-08-11.

Ocean Protocol price performance in USD

24h7d30d90d1yAll-time
+1.14%-21.52%-26.44%+93.57%+103.71%+2549.74%

Ocean Protocol price history in USD

TimeLowHigh
24h$0.8149$0.8901
7d$0.6484$1.12
30d$0.6484$1.66
90d$0.3946$1.66
1y$0.2518$1.66
All-time$0.01351(2019-08-11, 4 years ago )$1.94(2021-04-10, 3 years ago )

Ocean Protocol market information

Market cap
$486,452,929.93
+1.14%
Fully diluted market cap
$1,206,758,331.49
+1.14%
Volume (24h)
$53,444,616.62
-28.73%
Market rankings
Circulation rate
+40.00%
24h volume / market cap
0.1098
Circulating supply
568,381,100 OCEAN
Total supply / Max supply
1.41B OCEAN
1.41B OCEAN

Ocean Protocol ratings

Average ratings from the community
4.6
100 ratings
This content is for informational purposes only.

Ocean Protocol Social Data

In the last 24 hours, the social media sentiment score for Ocean Protocol was 3.5, and the social media sentiment towards Ocean Protocol price trend was Bullish. The overall Ocean Protocol social media score was 1,066, which ranks 145 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,641,305 times, with Ocean Protocol being mentioned with a frequency ratio of 0.01%, ranking 137 among all cryptocurrencies.

In the last 24 hours, there were a total of 520 unique users discussing Ocean Protocol, with a total of Ocean Protocol mentions of 221. However, compared to the previous 24-hour period, the number of unique users increase by 14%, and the total number of mentions has decrease by 24%.

On Twitter, there were a total of 4 tweets mentioning Ocean Protocol in the last 24 hours. Among them, 50% are bullish on Ocean Protocol, 0% are bearish on Ocean Protocol, and 50% are neutral on Ocean Protocol.

On Reddit, there were 19 posts mentioning Ocean Protocol in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 17% . Additionally, there were 0 comments mentioning Ocean Protocol. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

All social overview

Average sentiment(24h)
3.5
Social score(24h)
1.07K(#145)
Social contributors(24h)
520
+14%
Social mentions(24h)
221(#137)
-24%
Social dominance(24h)
0.01%
Twitter
Tweets(24h)
4
+33%
Twitter sentiment(24h)
Bullish
50%
Neutral
50%
Bearish
0%
Reddit
Reddit score(24h)
736
Reddit posts(24h)
19
-17%
Reddit comments(24h)
0
0%

About Ocean Protocol(OCEAN)

What Is Ocean Protocol?

In recent years, the dramatic surge in data creation has escalated the demand for platforms that can facilitate secure, efficient, and transparent data sharing. Many current platforms grapple with issues of fragmentation, centralization, and opacity. As an answer to these problems, Ocean Protocol steps in, presenting a decentralized network that empowers data owners to monetize their data without relinquishing privacy or security, thereby retaining control over it.

Established in 2017 by experts in the fields of blockchain, AI, and data science, including Trent McConaghy, Bruce Pon, and Chirdeep Singh, Ocean Protocol operates as a blockchain-based ecosystem. This system simplifies the setup of data marketplaces, bridging the gap between data providers and consumers who are in pursuit of valuable data for objectives such as machine learning, research, and analysis. The protocol is positioned to revolutionize data utilization and sharing across a diverse range of industries, including healthcare, finance, and e-commerce.

Ocean Protocol stands as more than just a data marketplace; it acts as a safe and transparent channel that enables data providers to upload and profit from their data, all the while maintaining ownership. Meanwhile, consumers can acquire access to this data by utilizing OCEAN tokens, the native cryptocurrency of the Ocean Protocol network. With its emphasis on preserving privacy and bolstering security, the platform is set to be a favored choice for organizations managing sensitive or confidential data.

Resources

Whitepaper: https://oceanprotocol.com/tech-whitepaper.pdf

Official Website: https://oceanprotocol.com/

How Does Ocean Protocol Work?

Ocean Protocol operates as a decentralized data exchange protocol, utilizing blockchain technology and smart contracts to facilitate secure and transparent data sharing and monetization. The platform comprises three main components: the marketplace, data assets, and service agreements.

The marketplace serves as a hub where data providers and consumers connect and transact. Data providers can upload their datasets, specifying the terms of availability, including price and access conditions. Consumers can browse the marketplace to purchase access to datasets that meet their needs.

Data assets, the actual datasets shared on the platform, can range from financial data to healthcare data, and can be uploaded by anyone owning the rights to the data. The platform ensures that data providers retain control over their data, deciding who can access it while guaranteeing secure and tamper-proof sharing.

Service agreements govern the terms of data sharing and monetization on the platform. These agreements, enforced by smart contracts, automatically execute the terms of the agreement when certain conditions are met, facilitating a seamless transaction process.

The Ocean Protocol stack, comprising four main layers - the compute layer, the storage layer, the network layer, and the application layer, works synergistically to enable secure and efficient data sharing and monetization. This intricate system facilitates communication and data transfer between different nodes on the network, ensuring secure and efficient data sharing.

What Is OCEAN Token?

The OCEAN token, the native cryptocurrency of the Ocean Protocol platform, serves as a medium of exchange, facilitating the purchase of access to datasets and services, and earning rewards for contributing data and services to the network. As an ERC-20 token built on the Ethereum blockchain, it is compatible with a wide range of Ethereum-based wallets and exchanges.

Besides facilitating transactions, the OCEAN token incentivizes data providers to contribute their datasets to the platform, earning rewards based on the quality, relevance, and demand from data consumers. Moreover, it plays a pivotal role in governing the platform, allowing token holders to participate in key decision-making processes and shape the future development of the platform.

Ocean Protocol's Impact on Finance

In the financial sector, Ocean Protocol stands as a game-changer, enabling secure and transparent sharing of financial data. Financial institutions can access and analyze large datasets in real-time, enhancing their decision-making processes. By fostering collaboration and innovation, Ocean Protocol has the potential to drive a significant shift in the financial landscape, making data sharing more efficient, secure, and transparent.

Furthermore, the decentralized nature of Ocean Protocol offers a unique solution that benefits both data providers and consumers, potentially revolutionizing the way data is shared and monetized in the financial sector. As blockchain technology continues to gain traction, the demand for secure and decentralized data-sharing solutions like Ocean Protocol is expected to rise, positioning it as a promising investment avenue in the long run.

What Determines Ocean Protocol's Price?

In the dynamic world of cryptocurrencies, the Ocean Protocol price is influenced by a myriad of factors that potential investors keenly observe on the OCEAN token price chart. The Ocean Protocol's current value is intricately linked to its innovative approach to data sharing and monetization, leveraging the power of blockchain technology. As a decentralized data exchange protocol, it has carved a niche in the market, attracting attention from various sectors including healthcare, finance, and e-commerce. This has a direct impact on the OCEAN cryptocurrency price, as partnerships with high-profile organizations like BMW and Roche enhance its credibility and potentially its market cap, a critical aspect to analyze in OCEAN token price analysis.

The OCEAN token market cap is also significantly influenced by the active participation and investments in its native cryptocurrency, the OCEAN token. Investors and data enthusiasts keep a close eye on Ocean Protocol price predictions and Ocean Protocol price history to gauge the potential Ocean Protocol ROI. The token plays a pivotal role in the ecosystem, facilitating transactions and incentivizing data providers to share valuable datasets. This vibrant marketplace dynamics often reflect in the Ocean Protocol price live charts, where fluctuations are driven by the supply and demand dynamics in the data marketplaces. Moreover, the OCEAN to USD price is a critical metric that investors frequently consult to make informed decisions, often influenced by OCEAN crypto news and developments in the blockchain space.

Looking ahead, the Ocean Protocol price forecast seems promising as the platform enters its next phase focusing on driving data value-creation loops. The strategic focus on decentralized finance (DeFi) and large language models (LLMs) indicates a forward-thinking approach, potentially impacting the OCEAN token future price. As the platform continues to innovate and expand its offerings, the OCEANUSDT">Ocean Protocol trading volume is expected to surge, reflecting a positive trend in the Ocean Protocol price graph. Investors and enthusiasts are advised to keep abreast of the latest OCEAN token market cap trends and analyses to navigate the vibrant and promising landscape of Ocean Protocol investments.

Conclusion

In recent years, the demand for reliable and secure data-sharing platforms has soared, and Ocean Protocol has positioned itself as a frontrunner in this arena, promising transparent, secure, and efficient data monetization avenues through its blockchain network. Serving as a decentralized bridge between data providers and consumers, it enables the secure and seamless transaction of data, facilitated by the OCEAN token, an intrinsic part of its ecosystem. Leveraging the strengths of blockchain technology, Ocean Protocol fosters innovation and collaboration across various sectors, including finance and healthcare, heralding a shift towards decentralized data-sharing solutions. As the platform continues its trajectory of growth, focusing on decentralized finance (DeFi) and large language models (LLMs), it stands as a promising venture in the cryptocurrency landscape, offering potential lucrative opportunities for investors attentive to blockchain developments and OCEAN cryptocurrency trends. Visit the official website and whitepaper for an in-depth understanding of its disruptive potential in the evolving data marketplace.

How to buy Ocean Protocol (OCEAN)

Buying Ocean Protocol on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy Ocean Protocol (OCEAN) .

Trade OCEAN perpetual futures

After having successfully signed up on Bitget and purchased USDT or OCEAN tokens, you can start trading derivatives, including OCEAN futures and margin trading to increase your income.

The current price of OCEAN is $0.8559, with a 24h price change of +1.14%. Traders can profit by either going long or short onOCEAN futures.

Join OCEAN copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or OCEAN tokens, you can also start copy trading by following elite traders.

Ocean Protocol news

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People are also inquiring about the price of Ocean Protocol.

What is the current price of Ocean Protocol?

We update our Ocean Protocol to USD price in real time. Get the live Price of Ocean Protocol on Bitget.

What is the 24 hour trading volume of Ocean Protocol?

Over the last 24 hours, the trading volume of Ocean Protocol is $53.44M.

What is the all-time high of Ocean Protocol?

The all-time high of Ocean Protocol is $1.94. This all-time high is highest price for Ocean Protocol since it was launched.

Can I buy Ocean Protocol on Bitget?

Yes, Ocean Protocol is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Ocean Protocol guide.

Can I get a steady income from investing in Ocean Protocol?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Ocean Protocol with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

Is Ocean Protocol a good investment?

onsidering its potential for widespread acceptance, the $OCEAN token stands out as a promising crypto asset, especially for those bullish on DeFi and Web3. You can not only buy but also stake OCEAN to yield passive returns, enriching your cryptocurrency portfolio. As user engagement grows on the Ocean Marketplace, the $OCEAN price could see an uptick. This surge in on-chain activity might heighten the token's demand, propelling its market valuation. For enthusiasts keen on diving into the DeFi sector and participating in Ocean Protocol's decentralized decision-making, OCEAN presents a golden opportunity. Holding the token empowers you to influence potential platform enhancements.

What is the use case of Ocean Protocol?

OCEAN is the pivotal utility token for Ocean Protocol, serving several core functions: Transaction Currency OCEAN is the primary medium for payments and transactions within the Ocean Protocol ecosystem, ensuring smooth and secure data service exchanges. Data Incentives The token motivates data providers to share valuable data, enhancing both the quality and quantity of network data. Liquidity through Staking Staking OCEAN supports data marketplaces by providing liquidity. Additionally, staking strengthens network integrity and encourages participants to uphold the protocol. Governance Participation Holding OCEAN empowers users to influence network evolution, voting on essential upgrades and proposals. Trade and Investment OCEAN can be traded against other cryptocurrencies for potential profit opportunities. Investors may also hold OCEAN for its future prospects. Before diving in, comprehensive research on Ocean Protocol's fundamentals and market trajectory is recommended

What factors influence OCEAN price?

Certainly, here are four factors influencing the OCEAN token price, rewritten: User Participation: The value of OCEAN could rise with increased activity on the Ocean Marketplace. As more users engage and trade data, demand for the token might grow. Data Sharing Incentives: By rewarding data providers with OCEAN tokens for sharing their data, the platform enhances its data quality and volume. This enriched ecosystem might bolster the token's worth. Staking Dynamics: The decision of many to stake their OCEAN tokens can not only enhance liquidity for Ocean's data marketplaces but also solidify the network's foundation, potentially impacting the token's price. Evolution and Improvements: As Ocean Protocol introduces new features or refines its platform, the perceived utility of the OCEAN token might rise, influencing its market price.

How to stake OCEAN on Ocean protocol?

You have the opportunity to deposit your OCEAN tokens into datasets within the Ocean Market, becoming a liquidity provider and collecting rewards from transaction fees. Here's a step-by-step guide on how to achieve this: Head to the Ocean Market decentralized application (dApp) and connect your wallet to its interface. Ensure your wallet holds sufficient funds by acquiring OCEAN cryptocurrency from Bitget or other supported platforms and transferring your tokens to your wallet. Explore the variety of available datasets on the platform to identify the one you'd like to contribute your tokens to. Access the Pool section to examine all liquidity-related data. Select "Add Liquidity" and specify the quantity of OCEAN tokens you intend to contribute. Confirm the transaction by clicking "Approve & Supply." Sit back, collect rewards, and expand your cryptocurrency holdings by staking OCEAN within the Ocean Market. Alternatively, you can lock your OCEAN tokens in the Ocean Farm to receive veOCEAN tokens and generate a higher passive income.

How to Earn on Ocean Protocol

Discover multiple opportunities to earn with the Ocean Protocol, such as: Data Provider: If you possess valuable data to share, consider becoming a data provider within the Ocean Protocol ecosystem. This role allows you to accumulate OCEAN tokens by selling your data to consumers connected to the network. Data Consumer: Are you in need of data for your business or research? You can take on the role of a data consumer within the Ocean Protocol network. By providing valuable feedback on the data you acquire, you can earn OCEAN tokens. Validator: Validators play a crucial role in ensuring the security and smooth operation of the Ocean Protocol network. By validating transactions and maintaining network integrity, validators receive OCEAN tokens as a reward for their services. Staker: Contribute to data marketplaces on the network by staking OCEAN tokens and earn rewards while providing liquidity and support. Developer: Skilled developers have the opportunity to contribute to the growth and development of the Ocean Protocol network. Your valuable contributions can earn you OCEAN tokens as a form of recognition and reward.

What makes Ocean protocol unique?

A blockchain-based platform like Ocean Protocol honors the value of data. It enables a marketplace that is decentralized for data assets and services that are required to be distributed between individuals and organizations based on the security offered by the Blockchain network. While this concept not entirely unique in crypto, it is the approach and mixture of different target audiences that make this protocol unique
Cryptocurrency investments, including buying Ocean Protocol online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Ocean Protocol, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Ocean Protocol purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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OCEAN is available for trading on the Bitget Exchange, and can be held in custody on Bitget Wallet. Bitget Exchange is also one of the first CEX platforms to support OCEAN trades.
You can trade OCEAN on Bitget.

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