Serban’s Crypto Picks: OCEAN approaching BUY level

$OCEAN – Ocean is tokenizing data so that everyone can trade datasets on the Ocean marketplace. It’s a good project, with solid management and team behind it, with a clear vision and top notch implementation. Its current marketcap below 1 billion does not do it justice, and we see this project rallying this year to go over $3 billion mcap.
Our ideal entry range is between $1.4 – $1.53, so are now just going back down into this buyzone. Ocean is testing an important resistance level around $1.6, so it will likely fluctuate within our buy range this week, which is where we stock up on this coin. Once we break that resistance, there should be nothing stopping it from going above its ATH at $1.7 and into price discovery.
We are looking to take some profits anywhere between $2.4 – $2.55. We’re holding a part for the long run and investing those profits into other coins.

Description from Coinmarketcap: What Is Ocean Protocol (OCEAN)?

Ocean Protocol is a blockchain-based ecosystem that allows individuals and businesses to easily unlock the value of their data and monetize it through the use of ERC-20 based datatokens.

Through Ocean Protocol, publishers can monetize their data while preserving privacy and control, whereas consumers can now access datasets that were previously unavailable or difficult to find. These datasets can be discovered on the Ocean Market, where they can be purchased and later consumed or sold.

On Ocean Protocol, each data service is represented by a unique datatoken, which is used to wrap a dataset or compute-to-data service — this essentially allows third-parties to perform operations on the data without it ever leaving the secure enclave of the publisher.

OCEAN is a utility token that is used for community governance and staking on data, in addition to buying and selling data as the basic unit of exchange on the Ocean Market. The price of these datatokens is set by an OCEAN-datatoken AMM pool, which adjusts the price of the datatoken as it is bought and sold based on supply and demand.