Open Custody Protocol (OPEN) has emerged as a notable digital asset in the evolving blockchain ecosystem, drawing attention from traders and long-term investors alike. Understanding its price history is essential for making informed investment decisions, evaluating market trends, and conducting technical analysis. This comprehensive overview dives into the historical performance of Open Custody Protocol, key price milestones, supply dynamics, and how to access reliable historical data for deeper insights.
Tracking Open Custody Protocol Price Movements
Monitoring the price history of any cryptocurrency provides valuable context about its market behavior. For Open Custody Protocol, tracking metrics such as opening price, daily high and low, closing value, and trading volume helps investors identify patterns and volatility trends over time.
Daily percentage changes are especially useful for spotting significant market movements—whether due to macroeconomic shifts, project developments, or broader crypto market sentiment. With precise historical records, traders can assess how OPEN reacted during bull runs, bear markets, or periods of consolidation.
All-Time High and All-Time Low Performance
One of the most pivotal moments in Open Custody Protocol’s price journey occurred on November 18, 2021, when it reached an all-time high of $9.77 USD. This peak coincided with a broader surge in decentralized finance (DeFi) and custody-related blockchain projects, reflecting strong investor confidence during that period.
Conversely, the asset hit its lowest recorded value—commonly referred to as the all-time low—on August 31, 2021. While exact figures may vary slightly across platforms, this low point presented a potential entry opportunity for early adopters. Investors who bought OPEN at or near this level could now be sitting on substantial unrealized gains, assuming the price remains significantly higher than that trough.
It's important to note that while some sources may claim infinite return percentages from such lows, actual profitability depends on transaction costs, market slippage, and holding duration.
Understanding these extremes helps frame the asset’s volatility and potential risk-reward profile. Assets with sharp rises and deep corrections often attract speculative interest but require careful risk management.
Total Supply and Circulating Supply Overview
Open Custody Protocol was designed with a maximum supply cap of 1.25 billion (1.25B) tokens. This predetermined limit ensures scarcity and can influence long-term value appreciation if demand increases over time.
As of now, the circulating supply stands at approximately 1,005,381,900 OPEN tokens, meaning over 80% of the total supply is already in circulation. A high circulation ratio can indicate maturity in distribution and reduced risk of sudden inflation from large token unlocks—though it's still crucial to review the project’s tokenomics for vesting schedules or reserve allocations.
A well-structured supply model supports transparency and trust among users, particularly when combined with auditable blockchain data and consistent reporting.
Accessing Reliable Historical Data for Analysis
Accurate data is the foundation of effective trading and research. The historical price dataset for Open Custody Protocol available through trusted platforms includes granular information across multiple time intervals:
- 1-minute intervals – Ideal for day traders and algorithmic strategies
- Daily data (OHLCV) – Perfect for swing traders and technical analysts
- Weekly and monthly summaries – Useful for long-term trend evaluation
Each data point includes:
- Open, High, Low, Close prices
- Volume traded during the interval
This level of detail enables users to perform backtesting on trading algorithms, validate chart patterns, or simulate portfolio performance under past market conditions.
All datasets undergo rigorous validation to ensure consistency and accuracy. They are updated in real time and available for free download in CSV format, making integration with spreadsheet tools, Python scripts, or financial modeling software seamless.
👉 Get instant access to up-to-date Open Custody Protocol price data for your analysis needs.
Why Use High-Quality Historical Data?
Historical price data isn’t just for reviewing the past—it’s a critical tool for shaping future strategies. Whether you're building predictive models, conducting academic research, or refining entry and exit points, clean and reliable data enhances decision-making.
For example:
- Traders use moving averages and RSI indicators based on historical closes to spot overbought or oversold conditions.
- Researchers analyze volume spikes to correlate with news events or exchange listings.
- Portfolio managers assess drawdowns during previous bear markets to stress-test asset allocations.
Having access to verified, frequently updated datasets minimizes errors and increases confidence in outcomes.
Frequently Asked Questions (FAQ)
What is the highest price Open Custody Protocol has ever reached?
Open Custody Protocol reached its all-time high of $9.77 USD on November 18, 2021, during a period of heightened interest in DeFi and digital asset custody solutions.
When did Open Custody Protocol reach its lowest price?
The all-time low occurred on August 31, 2021. While the exact price varies by platform, this period represented a major accumulation phase for early investors.
How many Open Custody Protocol tokens are in circulation?
Approximately 1,005,381,900 OPEN tokens are currently in circulation, out of a maximum supply of 1.25 billion.
Where can I download Open Custody Protocol historical price data?
You can download accurate, real-time updated historical data in CSV format from reputable crypto data platforms offering OHLCV records across various timeframes.
Is Open Custody Protocol a good investment?
As with any cryptocurrency, investment potential depends on individual risk tolerance, market conditions, and project fundamentals. Reviewing price history, supply metrics, and ecosystem development can help inform your decision—but always conduct independent research.
Can I use OPEN data for backtesting trading strategies?
Yes. The availability of minute-level and daily OHLCV data makes Open Custody Protocol suitable for trade simulation and algorithmic strategy testing.
👉 Start backtesting your strategy today using accurate Open Custody Protocol market data.
Final Thoughts
Open Custody Protocol’s price history reflects both the opportunities and risks inherent in emerging blockchain projects. From its impressive surge in late 2021 to its earlier lows, OPEN has shown significant volatility—a trait common among mid-cap cryptocurrencies.
By leveraging detailed historical datasets, investors and developers gain a powerful advantage in understanding market behavior and refining their approaches. Whether you're analyzing trends, building models, or simply tracking performance, access to clean, structured data is indispensable.
As the digital asset space continues to mature, assets like Open Custody Protocol will increasingly be evaluated not just on hype, but on verifiable metrics—making informed analysis more valuable than ever.
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