Ocean Protocol Price Prediction 2023-2030: Will Ocean Protocol reach $10?

Ocean Protocol Price Prediction: Check out the latest price, price prediction for the next 12 hours, for the year and next 7 years.

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Latest Ocean Protocol Price

Before we check out the latest price predictions, let us evaluate Ocean Protocol for the purpose of Investment

Ocean Protocol Price Prediction: Past Performance

• Last 7 days: +18.7%
• Last 1 month: +3.7%
• Last 6 months: +67.2%
• Last 12 months: +112.7%

Ocean Protocol Price Prediction: Latest news, (July 7th)

• Ocean Protocol is currently trading close to its highest price recorded in the past five days, which is approximately $0.354521269333415. The price of the decentralized finance asset is currently at 0.00% of its five-day high, indicating that it hasn’t deviated significantly from that peak. Moreover, it is 13.40% higher than its lowest price observed in the past five days, which was around $0.312628328800201.
• Ocean Protocol offers an innovative solution that allows you to establish a decentralized marketplace specifically for music data. This groundbreaking platform enables you to create your own marketplace where music-related data can be exchanged in a decentralized manner.
• Using Ocean Protocol’s “Templates,” individuals can swiftly construct a data market without the need for extensive development. One such template is Ocean Waves, designed specifically for publishing and trading audio data using the native $OCEAN Token. This means that even MP3 files, being a form of data, can be effectively published and traded within the Ocean Waves template.

Ocean Protocol Price Prediction: Technical Analysis (July 7th)

The current market analysis for Ocean Protocol recommends a Strong Buy.

The Relative Strength Index (RSI) is calculated at 61.04 which means that the price is in a neutral state but approaching an overbought zone. The Stochastic %K (14,3,3) is at 58.154, indicating a moderate momentum in the asset’s price. Both Momentum (10) and MACD Level (12,26) are positive at 0.0359 and 0.00119 respectively, signaling a bullish trend in the market. The Commodity Channel Index (CCI) value of 141.795 also shows a strong bullish momentum.

The Williams Percent Range (WPR) is calculated at -11.0008, suggesting an oversold state. However, the Bull Bear Power of 0.0286 consolidates the fact that bulls have an upper hand in the market due to buying pressure.

Looking at the Moving Averages (MA), most of them are signaling buying pressure. The Exponential Moving Average (EMA) and the Simple Moving Average (SMA) for the last 10 periods are found to be at 0.33856 and 0.33158 respectively.

Overall Bitcoin is Technically Bullish. The Crowdwisdom360 algorithm prediction is detailed below (Updated every 12 hours).

Ocean Protocol Price Prediction: Is Ocean Protocol a Good Investment?

Ocean Protocol provides the tools to help developers build marketplaces securely and privately.

Key features

• OCEAN token’s dynamics are designed in such a way that the token’s health rises with the usage volume.
• The platform provides a “Compute-to-Data” feature to provide access to privately held data.
• Ocean marketplaces allow users to monetize private data without compromising privacy.

Advantages

• Using Ocean market, users can create data assets, create a fixed-price market, buy data tokens, and consume data assets.
• Using Ocean Protocol, marketplace operators can make money because the market is incentivized whenever any action is performed (such as pool-based swap, fixed-rate exchange, etc).
• The platform allows data publishers to make money by publishing useful datasets which can be bought by various other users.

OCEAN is the utility token of Ocean Protocol. OCEAN has a maximum token supply of 1,410,000,000 tokens; out of which, 613,099,141 OCEAN Tokens are already in circulation (which is around 43% of the total supply). The following are the primary use cases of OCEAN tokens:

• Users can stake the tokens to earn passive rewards.
• OCEAN token is the basic unit of exchange on the Ocean market where the users can buy and sell data using the OCEAN token.
• Being the governance token, OCEAN allows its holders to participate in the voting processes to govern the platform.

Considering the use cases of Ocean Protocol, it appears to be a good investment option.

Will Ocean Protocol Reach $10?

Ocean Protocol needs to grow by 25.64 times its current price to reach a price level of $10.

Note that Ocean Token reached its all-time high price of $1.75 in April 2021, growing by 5.46 times in just four months (i.e., from the lowest value of $0.32 in December 2020). Thus, it grew by around 1.36 times in one month.

Therefore, to reach $10, Ocean Protocol will require roughly 18.85 months (less than 2 years).

It might take slightly more than the calculated time depending on the market conditions. However, it is feasible for the Ocean token to reach $10 in the coming future.

Ocean Protocol Price Prediction 2023-30 (Aggregated)

• Ocean Protocol Price Prediction 2023 is $0.6
• Ocean Protocol Price Prediction 2025 is $1.3
• Ocean Protocol Price Prediction 2030 is $7.0

Ocean Protocol Price Prediction Today

Where to Buy OCEAN tokens?

OCEAN tokens can be purchased from various centralized and decentralized crypto exchanges such as Binance, KuCoin, Coinbase Exchange, Kraken, Bittrex, Gate.io, Huobi, Uniswap, and SushiSwap.

Also Read: Gala Price Prediction

~Charu Taneja

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.