How to Analysis OCEAN Token?

Token analysis plays a pivotal role in the realm of cryptocurrency and digital assets. It is the process of delving deep into the data and market behaviors associated with these assets.

By scrutinizing tokens, we gain invaluable insights into market trends, risk factors, trading activities, and the direction of capital flows.

The DePIN (Decentralized Physical Infrastructure Network) sector has been exceptionally vibrant of late. This sector encompasses projects that leverage blockchain tokens to incentivize the establishment and maintenance of physical infrastructure that provides tangible real-world services.

One notable project in this space is Ocean Protocol, which offers open-source tools for constructing the next generation of decentralized applications. The native token associated with Ocean Protocol is known as OCEAN.

How to Analyze OCEAN Token?

Token analysis is of paramount importance, and in this context, what are the key metrics to consider?

Token price per day for the last 30 days

Token price: Token Price means the price in fiat currency or cryptocurrency. As of December 19th, the OCEAN token is trading at a price of $0.533 in fiat currency or cryptocurrency. This marks a notable rise from its November 19th value of $0.467, indicating an increase of 14.1% over the past month.

Daily Token Trading Amount & Value

Trading value: As of December 19, the token’s trading volume has surged to an impressive $3,341,094. The overarching trend reveals a notable upswing, with December’s average trade value significantly surpassing that of November. This uptick serves as a clear indicator of the sustained fervor within the market. Notably, trade value witnessed a sudden spike at the close of November and the beginning of December, reaching its zenith at $2.05 million, before experiencing a subsequent decline.

Daily Token Trading Value in CEXs

Net Flow in CEX: Analyzing the net flow of tokens in and out of centralized exchanges (CEXs) provides insights into investor behavior. The overall net outflow over the past three months has been negative, indicating a shift of funds from Centralized Exchanges (CEX) to decentralized exchanges or blockchain, reflecting a positive trend in the market.

Token Holder List

Token centralization: Analyzing token centralization is of paramount importance as it unveils critical insights into the market’s integrity and susceptibility to manipulation. By examining the proportion of tokens held by the top 5 and top 20 addresses in relation to the total circulating supply, we can detect the presence of influential whale investors who can wield significant influence over price movements.

Track the Data of OCEAN Token with Footprint

Footprint Token Analysis Page can assist in analyzing additional metrics.You can access all the data you need in Token Dashboard on the Footprint research page.

What’s more, you can also perform highly customized analyses using Footprint’s versatile features. Here are the key advantages:

Rich Reference Data: The platform provides extensive reference data, enabling users to gain a deeper understanding of various aspects of cryptocurrencies. This wealth of information aids in making informed investment and trading decisions.
Versatile Data Access: Users can access data in various ways, including APIs, dashboards, and batch downloads. This flexibility caters to different user preferences and needs, whether they are developers or non-technical users.
Multi-Dimensional Data: The platform offers data across multiple dimensions and levels, allowing users to conduct detailed drill-down analyses. This hierarchical data structure empowers users to gain comprehensive insights into the cryptocurrency market.

Token analysis is crucial as it provides insights into market trends and risks, aiding investors and traders in making informed decisions. It serves as a compass in the volatile cryptocurrency landscape, helping navigate opportunities and threats.
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