Ocean Protocol Price Prediction – is a 10x Imminent?

Tuesday 04 August 2020, 2:25 AM AEST - 5 months ago

The price of Ocean Protocol registered a 182% increase in the past month. But this could be only be the beginning. After all Ocean Protocols market capitalization only sits at a modest 85 million USD.

Ocean Protocol's price and market capitalization according to CoinmarketcapOcean Protocol is on Rank 90 on Coinmarketcap

Ocean Protocols ICO ended on May 3rd 2019. Currently, the Ocean price sits at 2.07x the ICO price. Therefore the selling pressure on ICO investors is low as the price is comfortably above break even. Optimal conditions for a potential 10x run.

Ocean Protocols mission is to free data from silos and empower people by equalizing data access for all. By allowing algorithms to come to data, were enabling the safe and secure sharing of data across all parties.

Ocean Protocol Blog Moreover, Ocean Protocol seems to be working with Daimler AG!

Hartmut Mueller, Vice President IT Technology & Cross Functions, Daimler AG, added, We believe in the power of Blockchain to unlock the value of data in a decentralized way. On our journey towards a data driven company this collaboration with Ocean protocol enables us to build a secure enterprise B2B data marketplace to monetize and put data to work.

Ocean Protocol Blog Ocean Protocol Price Prediction – 182% in one month!

The monthly time frame doesnt show much, except that the price of Ocean is at an all time high. Besides, the trading volume hasnt really picked up yet. On the contrary it seems to be dying out. This was the only recent month where the volume increased with respect to the previous one.

Ocean Protocol Price Prediction – should the price correct now, then…

Should the Ocean price undergo a correction now, it could find support at the Fibonacci levels at ±0.15$ and ±0.117$. A correction however, doesnt necessarily have to occur. After all the MACD is still developing in a positive direction.

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