What is the Ocean Protocol?
Ocean Protocol is a marketplace that connects data providers in a blockchain based marketplace. Here the data owners can sell data through and may also monetise them through the Ocean Market App. the native token of the platform, OCEAN is a multipurpose crypto used to validate the data tokens and also allows the users to participate in governance and also buy or sell the data. The OCEAN price also has soared heavily since the beginning of the year 2023 and surged by more than 265% to mark the highs around $0.057.
Read More: Ocean Protocol Price Prediction
What is The Graph Token?
The Graph Protocol is an indexing protocol that organizes blockchain data, making it easily accessible across the network. The native token of the network, GRT, which is one of the popular AI-based token witnessed a massive spike in the recent times. The bullish market sentiments have played a huge role in the spike. Besides that, the rising popularity of AI tools like ChatGPT also led the AI-tokens on fire. Currently, the GRT price is approaching the peak of the consolidation and hence is experts believe that there is a possibility of a massive upswing soon.
Unique Use Cases of Ocean Protocol vs The Graph Token?
| Ocean Protocol | The Graph Token |
| The publishers can monetize the data and customers can access the datasets with ease | Aims to bring the decentralized public infrastructure to the mainstream market. |
| The platform offers tools required to build and launch data markets directly by forking the protocol or by using the supplied Ocean protocol hooks | The architecture of the network allows the indexers to run their own Ethereum archive nodes to run the Graph Node |
| The OCEAN holders can participate in the datatoken economy by staking their tokens and earn a fraction of the transaction fees generated by the pool | The platform is provided with Subgraphs which are open APIs that pulls the data from the blockchain |
Ocean Protocol vs the Graph: Price Comparison
| Metrics | The Ocean Protocol | The Graph Token |
| Price | $0.455 | $0.165 |
| Change (30D) | +26.8% | +82.8% |
| Market Capitalization | $197.62 million | $1.46 billion |
| Circulating Supply | 434.02 million | 8.89 billion |
| Price Prediction 2023 | $.98 to $1.15 | $0.65 to $0.78 |
| Price Prediction 2024 | $2.5 to $3.1 | $1.5 to $2 |
| Price Prediction 2025 | $2.8 to $3.7 | $1.9 to $2.5 |
Ocean Protocol Price Prediction
The Ocean Protocol underwent a massive upswing of more than 265% after maintaining a prolonged consolidation throughout 2022. The price could consolidate for a while as bulls appear to have exhausted their gains and revamp the ascending trend in a short while. The GRT price may close the H1 2023 trade close to $0.75 to $0.8 and maintain a notable upswing ahead. The second half of 2023 may remain largely bullish as experts say that the prices are believed to swell beyond $1 and close the yearly trade around $1.15 to $1.2.
Following a recovering market sentiments in 2023, the price is expected to remain elevated until the beginning of 2024, when it will quickly surpass $1.5. During the first few days of H2 2024, the price may reach new highs above $2 and continue on its upward trend. The bulls are expected to keep the price high throughout the fourth quarter of 2024, which is thought to be largely bullish. In a prolonged bullish run, the price may set new highs above $3 and even reach $3.5.
The Graph Token Price Prediction
The Graph token withstood a descending trend and remained consolidated through 2022, with bottoms around $0.05. However, the price has been slightly bullish since the start of the year 2023, as the AI-based tokens have gained immense popularity due to massive investments by industry giants within the AI space. Therefore, AI-based tokens like GRT are believed by various crypto enthusiasts to undergo a notable upswing in 2023.
The GRT price has been under bullish influence and is currently attempting to break out of the consolidation. The price is expected to maintain its bullish trend throughout the year and secure levels near $0.8, but it is unlikely to reach $1 in 2023. However, the price may rise above $1 in 2024, at which point the bulls’ activities may intensify and spark a bull run. Various crypto analysts say that the price may go above $2 in H1 and reach a new all-time high in H2 2024, triggering a significant price compression ahead.
Read More: The Graph Token Price Prediction
How to Invest in Ocean Protocol or The Graph Token
Investing in Ocean Protocol, the Graph, or any other AI-based token is pretty simple and safe on CoinDCX. All you need to do is follow the steps below and begin your trading journey with CoinDCX.
- Download the CoinDCX App on your smartphone
- Enter the details
- Complete KYC
- Once your profile is verified, fund your wallet and buy OCEAN or GRT or both.
FAQ’s
The GRT price may also maintain a fine upswing henceforth and can be considered for investment provided one has carried out a deeper research on the project and the the price movements The Graph Token has maintained a fine upswing and hence could rise further throughout 2023. Hence, it can be considered a good investment.Is Ocean Protocol a good investment?
Is the Graph Token worth it?
