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TürkçeOcean Protocol Information
Ocean Protocol is revolutionizing data sharing by enabling secure and transparent access to data while maintaining privacy. This decentralized platform empowers individuals and organizations to monetize their data assets without sacrificing control, fostering a collaborative ecosystem. As the demand for data-driven insights continues to grow, Ocean Protocol positions itself at the forefront of the evolving data economy, unlocking new opportunities for innovation and growth.
Understanding Ocean Protocol: A Gateway to Decentralized Data Sharing
Ocean Protocol is an innovative blockchain-based platform aimed at unlocking data for AI and other applications, operating on the Ethereum blockchain. It enables secure and private data sharing while ensuring that data owners maintain control over their assets. As we explore Ocean Protocol, we will break down its historical performance, advantages, disadvantages, and future prospects.
Historical Performance of Ocean Protocol
Since its inception, Ocean Protocol has demonstrated substantial growth and volatility. The coin launched in August 2019 and saw its All-Time Low (ATL) at approximately $0.0128 in August 2019 before experiencing a dramatic rise. The peak of its performance occurred on April 10, 2021, reaching an All-Time High (ATH) of $1.93. This represented a staggering ROI of over 381% from its initial price levels, showcasing the potential for significant returns during bullish market conditions. However, it has since experienced considerable volatility, with its current price around $0.5775, roughly 70% lower than its ATH.
Advantages of Ocean Protocol
One of the primary advantages of Ocean Protocol is its focus on data privacy and sovereignty. Data owners can monetize their data without relinquishing control, thanks to the platform’s smart contract capabilities. Ocean's decentralized marketplace facilitates direct transactions between data providers and consumers, mitigating the risk of intermediaries interfering with data exchange processes.
Furthermore, the application of Ocean Protocol extends beyond cryptocurrencies and financial sectors; it offers immense potential for industries focusing on AI, healthcare, and IoT. By enabling access to high-quality datasets, organizations can train their models more effectively, opening avenues for improved innovation and technological development.
Disadvantages and Challenges
Despite its many strengths, Ocean Protocol faces challenges. The complexity of the technology may hinder user adoption, especially among those unfamiliar with blockchain concepts. Additionally, the necessity for widespread acceptance of decentralized data sharing platforms within traditional industries poses a notable barrier to entry.
Another concern is the competitive landscape of blockchain-based data marketplaces. Ocean Protocol is one of many platforms vying for attention in this niche, and it must continuously innovate to maintain relevance. Market fluctuations can also impact the price and adoption rates of the OCEAN token, adding an element of risk for investors.
Future Outlook for Ocean Protocol
The future of Ocean Protocol looks promising, especially as industries increasingly recognize the value of data. Given the growing focus on AI and machine learning, the demand for quality datasets is expected to rise. Ocean’s ability to streamline the data supply chain could position it as a critical player in this field.
Furthermore, partnerships with various organizations to enhance data visibility and utility may drive utilization of the Ocean Protocol. As regulatory frameworks for data governance evolve, Ocean's structure aligns well with potential compliance requirements, making it an attractive proposition for data-driven businesses.
Conclusion
In conclusion, Ocean Protocol presents a unique proposition at the intersection of data and blockchain technology. With significant historical performance and a solid technological foundation, the platform holds a promising future. However, investors and users must remain cognizant of the potential challenges and market dynamics at play. The decision to participate in this ecosystem should consider both the advantages it offers and the risks associated with the broader cryptocurrency landscape.
For further details on Ocean Protocol, visit their official website at oceanprotocol.com or explore their blog for community updates and insights.
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from price
$1
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General Information |
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Title
Ocean Protocol
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Symbol
ocean
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Whitepaper
-
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Website
-
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Community
-
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Last Updated
2025-01-21 23:51
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Price Data |
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Current Price $
0.563388
$
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High 24h
0.569807
$
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Low 24h
0.491998
$
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Price Change 24h
0.050857
$
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Price Change % 24h
9.92279
%
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Market Data |
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Market Cap
120394144
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Total Volume
812991
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Market Cap Change 24h
10392235
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Market Cap Change % 24h
9.44732
%
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Return on Investment (ROI)
369.49018973514
%
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Supply and Availability |
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Circulating Supply
213679074.8492
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Total Supply
956880638.4006
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Max Supply
1410000000
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Historical Data |
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All Time High (ATH)
1.93
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ATH Change %
-70.79528
%
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ATH Date
2021-04-10 09:24
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All Time Low (ATL)
0.01284832
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ATL Change %
4286.89222
%
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ATL Date
2019-08-11 00:00
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