Market Stats and Forecasts
Ocean Protocol Description
OCEAN is a popular native token of Ocean Protocol, a decentralized platform specially designed to unlock the potential of data. It works as a decisive component in facilitating the exchange of data between consumers and providers in a secure and transparent manner. The main aim of the Ocean protocol is to create a data economy where data can be preserved as an asset. Through tokenization, data is transformed into data assets by allowing for ownership, trading and monetization. This typical approach transforms how data is managed and utilized by authorizing individuals and organizations to take advantage of their data while ensuring privacy and control.
Now, the question is how OCEAN token serves within the ecosystem. It usually incentivizes data providers. By giving rewards to data providers with OEAN tokens, the protocol inspires data sharing. OCEAN tokens are used to pay for access to data assets by providing a secure medium of exchange within the platform. Another best thing is users can stake their OCEAN tokens to support the network and earn rewards.
Last but not the least, token holders have the right to vote on protocol’s development and decision-making along with other community involvement. If you want to know where to buy or sell OCEAN tokens then it is available for trading on some of the most reliable cryptocurrency exchanges such as CoinW, Tapbit, BlueBit, CoinTiger, and Pionex. When it comes to the vision of Ocean Protocol, it is not limited to data trading It also emphasizes on the development of a decentralized ecosystem where data, algorithms and computing power can be combined to create innovative applications. Overall, OCEAN token has the potential to become a game changer in crypto industry in upcoming days. For investors, this must be a good token to opt for as a long-term investment.
Forecast Based on AI Model
Drawing insights from our analysis that integrates historical price movements of Ocean Protocol, Our analysis, guided by the machine learning experts, yields forecasts for Ocean Protocol price trajectory up to 2024. With a comprehensive understanding of Ocean Protocol historical price movements and utilizing advanced algorithms, our team has derived predictions with a mean absolute error (MAE) value of 4 and an error value of 0.92%.
For the year 2024, our analysis indicates a projected yearly low of $0.829, with the high anticipated to reach $1.19. These forecasts are the outcome of a comprehensive approach designed to provide investors with reliable insights for strategic decision-making.
Prediction Table based on AI Model
| Date | Low | Average | High | ROI |
| 2024-09-15 | 0.912 | 0.931 | 0.959 | 3.32 |
| 2024-09-16 | 0.931 | 0.95 | 0.978 | 3.32 |
| 2024-09-17 | 0.921 | 0.95 | 0.977 | 2.19 |
| 2024-09-18 | 0.921 | 0.951 | 0.978 | 3.31 |
| 2024-09-19 | 0.951 | 0.971 | 1 | 5.58 |
| 2024-09-20 | 0.952 | 0.982 | 1.01 | 6.75 |
| 2024-09-21 | 0.96 | 0.98 | 1.01 | 9.09 |
| 2024-09-22 | 0.97 | 1 | 1.04 | 9.09 |
| 2024-09-23 | 0.96 | 0.99 | 1.02 | 9.09 |
| 2024-09-24 | 0.952 | 0.983 | 1.01 | 7.89 |
| 2024-09-25 | 0.98 | 1 | 1.03 | 10.27 |
| 2024-09-26 | 0.96 | 1 | 1.04 | 9.06 |
| 2024-09-27 | 1 | 1.02 | 1.06 | 11.45 |
| 2024-09-28 | 0.99 | 1.01 | 1.04 | 11.45 |
| 2024-09-29 | 1.02 | 1.04 | 1.06 | 12.68 |
| 2024-09-30 | 1 | 1.01 | 1.04 | 11.44 |
| 2024-10-01 | 0.97 | 1 | 1.03 | 10.21 |
| 2024-10-02 | 0.97 | 1.01 | 1.05 | 10.21 |
| 2024-10-03 | 0.99 | 1.01 | 1.04 | 11.43 |
| 2024-10-04 | 1.03 | 1.06 | 1.09 | 13.88 |
| 2024-10-05 | 1.03 | 1.06 | 1.1 | 16.38 |
| 2024-10-06 | 1.05 | 1.08 | 1.11 | 16.38 |
| 2024-10-07 | 1.04 | 1.06 | 1.08 | 15.10 |
| 2024-10-08 | 1.02 | 1.04 | 1.07 | 13.84 |
| 2024-10-09 | 1 | 1.02 | 1.05 | 12.59 |
| 2024-10-10 | 0.99 | 1.01 | 1.04 | 11.35 |
| 2024-10-11 | 1.02 | 1.04 | 1.06 | 13.80 |
| 2024-10-12 | 1.02 | 1.04 | 1.07 | 13.80 |
Ocean Protocol Price Prediction 2025
According to our analysis conducted via our Machine Learning Model,Ocean Protocol is forecasted to achieve its peak value in 2025 at approximately $1.82, while potentially dipping to a low of $0.93. The average trading value during this period is projected to hover around $1.63.Ocean Protocol Price Prediction 2026
In 2026, Ocean Protocol is anticipated to potentially reach its peak value of $2.72, with a possible lower value of $1.41. The average trading value for this period is estimated to be approximately $2.46.Ocean Protocol Price Prediction 2027
As we look ahead to 2027, the trajectory of the Ocean Protocol coin may offer investors unexpected turns. Projections suggest peaks hitting $3.84 and lows stabilizing around $2.05, with an average trading value resting near $3.37.Ocean Protocol Price Prediction 2028
In the upcoming year of 2028, investors may witness noteworthy fluctuations in the value of the Ocean Protocol coin. Projections point towards a maximum value of $6.25, a minimum of $2.92, and an average value of approximately $5.64.Ocean Protocol Price Prediction 2029
Our market analysis indicates optimistic prospects for the Ocean Protocol crypto in 2029, with projected peaks at $10.31 and floors at $4.88. Moreover, the average trading value of this coin is anticipated to hover around $9.21.Ocean Protocol Price Prediction 2030
In 2030, our crypto analyst team and Machine Learning experts envision a varied outlook for the Ocean Protocol token. Projections indicate highs near $16.4, potential lows around $8.24, with an average value of about $14.55.Following the presentation of our forecast table, we provide users with convenient procedure links, offering insight into the comprehensive steps taken to derive our predictions. These resources afford transparency into our analytical process, detailing methodologies, data sources, and algorithms used to formulate forecasts, empowering users to grasp the intricacies behind our predictions.
Forecast Based on Technical Analysis
Bitcoin's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)
Both the 200-day and 50-day Simple Moving Averages (SMA) are forecasted to rise, with the former expected to reach $0.619 by the Sep 15, 2024. The Relative Strength Index (RSI) stands at 1.7856, indicating a Rise market stance. Overall, while the long-term forecast is Sell.
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Kshitez Pratap Singh
Kshitez Pratap Singh possesses deep expertise in data analytics and machine learning. He excels at deriving actionable insights from complex datasets. Kshitez combines his analytical skills and machine learning knowledge to develop models that support data-driven decision-making, helping businesses and investors navigate and thrive in the finance niche.
Mohit Kumar
Mohit Kumar is a computer science engineer with a specialization in Artificial Intelligence and Machine Learning (AIML). he has honed his expertise in developing sophisticated machine-learning models tailored for the financial sector, exploring various aspects of forecasting and statistical modeling to provide invaluable insights for informed investment decisions in the volatile world of cryptocurrencies.
Sentiment: Sell
The Ocean Protocol is predicted to surge by 6.28% to $0.95 by Sep 17, 2024, though current indicators show a Bearish sentiment with 17 out of 30(57%) green days and a notable 65.20% price volatility over the past month.
