As a crypto project with solid potential for mainstream adoption, the $OCEAN token is a worthwhile investment to contemplate, particularly if you have faith in the prospects of DeFi and web3. Furthermore, you can purchase and stake OCEAN to generate passive income and expand your crypto portfolio, making it a versatile investment.The $OCEAN price may experience an uptrend as more users sign up and trade data on the Ocean Marketplace. The increased on-chain activity could boost the demand for the OCEAN token and elevate its market value.The OCEAN crypto is also an attractive investment for those who want to actively engage in the DeFi market and contribute to Ocean Protocol's decentralized governance mechanisms. As a token holder, you could have a voice in determining which potential upgrades its developers may implement.
Given the crypto market’s highly unpredictable and volatile nature, offering an accurate Ocean Protocol price prediction over time is impossible. The price of Ocean Protocol token will depend on several factors, including market demand, level of adoption, competitors, innovation, and regulatory concerns. However, with a high total supply fixed at 1.4 billion and a circulating supply of over 600 million as of April 2023, the $100 mark seems unreasonably high for the $OCEAN price. If 1 OCEAN token were worth $1, it would make the market cap of the Ocean Protocol exceed $600 million - an unrealistically high valuation. If the price of Ocean Protocol crypto has to reach the $100 mark, the supply of OCEAN tokens must significantly reduce. While supporting fundamental factors could take the OCEAN price to its all-time high of above $1.91, the critical level of $100 could be unattainable due to the high supply of OCEAN tokens in the market.
$OCEAN is the utility token of the Ocean Protocol and has the following critical use cases: Native Currency OCEAN tokens are used as a means of payment for data services and transactions on the Ocean Protocol network. This allows for frictionless and secure transactions without traditional payment methods.Incentive Token $OCEAN can incentivize data providers to contribute data to the network. It encourages data providers to share their data and helps to increase the amount and quality of data available on the network.Staking Token holders can stake $OCEAN to provide liquidity for data marketplaces on the network. Staking OCEAN tokens also incentivize network participants to maintain and validate the network.Governance Token OCEAN token holders can participate in the governance of the network by voting on proposals related to network upgrades, parameter changes, and other important decisions.Crypto Asset to Trade and HODL You can trade OCEAN against other crypto assets to capitalize on fluctuating market conditions and volatility. Buy or sell Ocean Protocol tokens in comparison to other cryptocurrencies, or hold OCEAN if you have confidence in the long-term potential of Ocean Protocol. It is important to approach any investment decision cautiously and conduct thorough research on the project, its fundamentals, and its market potential.Earn Passive Income on KuCoin You can also earn passive income and grow your OCEAN holdings with KuCoin’s Crypto Lending. Use this section to lend liquidity in OCEAN to our platform and earn attractive daily interest over seven days, 14 days, or 28 days.
There are several ways you can earn using the Ocean Protocol, including: Data Provider If you have valuable data that you want to share, you can become a data provider on the Ocean Protocol network. As a data provider, you can earn OCEAN tokens by selling your data to consumers on the network.Data Consumer If you need data for your business or research, you can become a data consumer on the Ocean Protocol network. As a data consumer, you can earn OCEAN tokens by providing valuable feedback on the data that you purchase.Validator Validators on the Ocean Protocol network help to secure and maintain the network by validating transactions and ensuring that the network operates smoothly. As a validator, you can earn OCEAN tokens as a reward for your services.Staker You can stake OCEAN tokens on the network to earn rewards for helping to provide liquidity and support for data marketplaces on the network.Developer As a skilled developer, you can contribute to developing the Ocean Protocol network and earn OCEAN tokens for your contributions.
You can stake $OCEAN on datasets in Ocean Market to become a liquidity provider and earn rewards from swap fees. Here’s how to do this: 1. Visit the Ocean Market dApp and connect your wallet to its interface. Ensure your wallet is sufficiently funded by buying OCEAN crypto on KuCoin or other supported platforms and withdrawing your tokens to your wallet.2. Browse all available datasets on the platform to find an option you want to stake. 3. Click on the Pool tab to review all liquidity statistics. 4. Click Add Liquidity and enter the number of OCEAN tokens you wish to stake. 5. Click Approve & Supply to confirm the transaction.6. Sit back, earn rewards, and grow your crypto portfolio by staking $OCEAN on the Ocean Market. You can also lock your OCEAN tokens on Ocean Farm to get veOCEAN and earn higher passive income.
The all-time high of OCEAN was 1.94 USD on 2021-04-10, from which the coin is now down 64.61856688340205%. The all-time high price of Ocean Protocol (OCEAN) is 1.94. The current price of OCEAN is down 64.61856688340205% from its all-time high.
As of
The current market cap of OCEAN is 390.14M. It is calculated by multiplying the current supply of OCEAN by its real-time market price of 0.686399802462.
The all-time low of OCEAN was 0.01350964
Ocean Protocol (OCEAN) has a market capitalization of $390.14M and is ranked #177 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Ocean Protocol (OCEAN) price trends and patterns to find the best time to purchase OCEAN.