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Is Ocean coin a good investment?

Kevin VoigtNov 15, 2021

As reported by our Ocean Protocol analysis, today the investment has a 2.9 out of 10 safety rank and +180.5% expected profit with the price moving to $1.82. ... The character of coins is wavy, which means that there is a good chance that OCEAN can hit near to an all-time high price once again in the future.

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Additionally, what is Ocean Altcoin?

Ocean is an open-source protocol that aims to allow businesses and individuals to exchange and monetize data and data-based services. Built on top of the Ethereum blockchain, the Ocean protocol uses 'datatokens' to gate access to data sets. The tokens are then redeemed by users who need access to the information.

Subsequently, how many ocean coins are there? How Many Ocean Protocol (OCEAN) Coins Are There in Circulation? As of November 2020, a total of 414 million OCEAN tokens are currently in circulation.

Beside above, is Ocean protocol a DeFi coin?

Ocean Protocol unlocks the value of data. ... Ocean datatokens turn data into data assets. This enables data wallets, data exchanges, and data co-ops by leveraging crypto wallets, exchanges, and other decentralized finance (DeFi) tools.

What is main advantage of ocean protocol?

Ocean Protocol for Data Scientists Explore the three main benefits that Ocean offers data scientists: more data, crypto-secured provenance, new income avenues. DeFi Can data be used as a financial asset? Linking the Token Economy to the emerging Data Economy.

Is the ocean on us Binance?

Binance is the only exchange in the U.S. that trades over a million dollars of volume per day in Ocean Tokens. If you're using a centralized exchange, you should use Binance to make sure there is enough liquidity to efficiently trade Ocean. Buy a wallet (optional).

What's the best crypto to buy?

  • These are seven of the best cryptos on the market. It has been over a decade since the mysterious Satoshi Nakamoto created Bitcoin, the first and by far most popular form of cryptocurrency in the world. ...
  • Bitcoin (BTC) ...
  • Bitcoin Cash (BCH) ...
  • Cosmos (ATOM) ...
  • Dogecoin (DOGE) ...
  • Ethereum (ETH) ...
  • Compound (COMP) ...
  • Polkadot (DOT)

Where can I buy Ocean Cryptocurrency?

How to Buy Ocean Protocol (OCEAN)

  • Kraken. Kraken is one of the longstanding names when it comes to cryptocurrency exchanges operating in the industry. ...
  • Binance. Binance is one of the largest and most well-known cryptocurrency exchanges in the world. ...
  • Gate.io.

Can I stake ocean protocol?

Staking. Users can stake OCEAN on a data asset in Ocean Market, to earn. Staking is the act of adding liquidity to a datatoken-OCEAN pool. Stakers earn a cut of each data buying transaction fee, proportional to their stake.

Can I buy Ocean on Coinbase?

Another thing you can do after you buy Ocean Protocol is send it to your peers or basically to anyone who has a Ocean Protocol address. You can do it via many top-rated cryptocurrency exchanges like Coinbase, Binance & Coinmama.

Where can I trade ocean?

Trading Overview

ExchangePairActions
KrakenOCEAN/USDTrade
KrakenOCEAN/EURTrade
KrakenOCEAN/BTCTrade
CEX.IOOCEAN/USDTrade

What is the price of ocean?

OCEAN price chart

Price to USD24h change
$ 0.5168-19.96%

How does ocean protocol make money?

You can earn by (1) staking OCEAN on datasets in Ocean Market, (2) publishing and selling your data in Ocean Market, and (3) building & launching your own market.

Is Ocean on Bittrex?

On April 30, 2019, leading crypto exchange, Bittrex, initiated an IEO token sale for Ocean Protocol. ... The project, which offered 56.4 million OCEAN tokens for sale for $0.12 per token, was able to raise $6 million at the end of the IEO.

What does ocean protocol do?

Ocean Protocol allows users to create a decentralized marketplace, composed of data assets and services that can be exchanged by users. The marketplace connects data providers and consumers and links to the data itself.

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About The Author

Kevin Voigt

Kevin is an Entrepreneur, Digital Nomad, Student, and ICO Marketing Manager currently based in Berlin & Champaign. He is actively involved in the Blockchain space and has worked in numerous projects in the Silicon Valley since 2017. His interests revolve around Finance, Consulting, and Blockchain Research.

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