Ocean Protocol (OCEAN)

Market Cap: $428 million

TYD: +48.62%

Project Focus: Ocean Protocol ($OCEAN) is a decentralized data exchange protocol that aims to unlock the value of data. It allows individuals and enterprises to share and monetize data in a secure, privacy-preserving manner. The platform facilitates data sharing between parties that do not know or trust each other, using blockchain technology to ensure transparency and security.

What Makes It Unique: Ocean Protocol’s unique contribution to the AI and blockchain space is its focus on data, a critical component of AI development. By creating a secure and transparent environment for data sharing and monetization, Ocean Protocol addresses the issue of data silos. It promotes the creation of AI models that can benefit from a wider variety of data sources, driving innovation in AI research and development. However, the attack on privacy-focused cryptocurrencies and projects has not been kind to those assets’ prices.

OCEANUSD Daily Chart – Click to enlarge.

Our last AI-focused cryptocurrency today looks very much like all the rest. Despite its rise, if you look at the candlestick wicks, buyers have repeatedly stepped in to support any intraday dips (except for the 19th) over the past six sessions. 

Stocktwits Sentiment Data for Ocean Protocol

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