What is Ocean Protocol?
Ocean protocol is blockchain based decentralized protocol and network for Artificial intelligence data and services. Original aim behind launching Ocean protocol is to allow benefit of AI by unlocking data without loss of any privacy. Platform offer solution to launch decentralized data marketplace using software component that connected to data sharing network. once user starts their marketplace, they can monetize data with involvement of any central entity and preserving privacy and control. Ocean protocol is Singapore based foundation developed & founded by BigChainFB and DEX PTE LTD.
Ocean protocol works between data provider and data consumer considering that in future data economy will be the digital economy of real world. Platform offer multiple solution where user can also build AI modules on private data considering AI accuracy and efficiency.
Ocean protocol backed by OCEAN Token that primarily used to sell and buy data from marketplace. Ocean Token recently underwent to hard fork contract after Kucoin exchange got hacked. In that over 21 million tokens were stolen, so ocean protocol decides adopt newer version on contract. Ocean token still available for other trading platform.
Ocean Protocol Price Prediction
|Month & Year||OCEAN Price Prediction|
|Project name||Ocean Protocol|
|Based on||AI & Data Sharing|
|All-time high||$0.75 USD|
|Exchange Platform||Bilaxy, VCC Exchange, Binance, MXC, P2PB2B, HBTC, Kucoin, BitZ, Gate.io, Poloniex, Balancer, Bittrex.|
OCEAN ICO Overview
|Raised by||$30,650,000 USD|
|Date of ICO||3 may 2019|
|ICO Price||$0.12 USD|
|Partners||Fitchain, messari, couger, xprize, enigma.|
Ocean Token Price Analysis
Ocean Protocol also known as OCEAN is available to trade since May 2019. Initially price of 1 OCEAN was lying between $0.02 USD to $0.07 USD for almost 1st whole year. Only exception was on 11th September 2019 price suddenly rose to $0.129 USD but that was for only few hours.
Although for 1st year Ocean protocol has shown slow progress but it was steady. If we compare price of month May for both years 2019($0.03 USD) and 2020($0.07 USD) then it is almost double that is 100% ROI. This kind of ROI is not so great but at the same time we can say it’s not bad as well.
Last 3 months were best for OCEAN coin in the journey of 1 and half year in cryptocurrency market. In the month of August, it reached All Time High of $0.65 USD and currently price of 1 Ocean Protocol is lying between $0.25 to $0.4 USD. Right now, All Time ROI is almost 930% which is really great and impressive.
Will OCEAN Reach $10 USD?
Probably after 2030.
Is Ocean Protocol a Good Investment?
Yes, considering growing technology data and AI.
platform simply allow access of private data for development of AI technology i.e. automated technique to bring more advantages in real world. Ocean Protocol consistently growing and its services along with integration with decentralized marketplace to buy & sell data. the mission of project is to unlock data with security that include big organization, industry and other data providers. Ocean Protocol recently enter into top 100 blockchain project and its possibility to do surge upward in ranking. The project backed by different medical organization along with tech giant Microsoft and other. in future AI and Data going to play important role and ocean protocol with blockchain can really change things.