OKB Token Records Higher Gains Amidst Crypto Market Volatility

2022-11-20 22:40

OKB, the native token of the OKX Exchange, has recorded substantial gains today in a bearish crypto market. The utility token saw a price surge of 4.63% on the day, registering a local high of $20.80. It also surged over 11% on its weekly chart, joining the likes of Toncoin and Trust Wallet Token to lead the market in gains. 

There’s no major catalyst for OKB’s surge on the day. However, a 20.32% uptick in its trading volume suggests that users have been quite busy. It might have something to do with the exchange’s announcement of adjusting the position tiers of its perpetual swaps and futures.

Furthermore, OKX joined the likes of Binance to announce a recovery fund for projects struggling with liquidity. This comes after popular crypto exchange FTX ran into liquidity issues that saw it lock users out of their funds. The exchange’s announcement was a major factor in OKB’s weekly price surge.

OKX Announces Project Recovery Funds, OKB Starts Bullish Run

Earlier this week, OKX announced its intentions to establish a $100 million project ecological support plan. According to the tweet, OKX will work with OKXChain and OKX Demo Day on the project. OKX intends to assist high-quality projects currently struggling with issues like liquidity. The cryptocurrency exchange believes it’s essential to help projects migrate seamlessly. Furthermore, it plans to offer qualifying projects financial, ecological, and technical support to help them overcome the hurdles. 

Binance announced a similar venture on Monday after FTX’s debacle pushed the crypto market downward. The world’s largest crypto exchange plans to use its recovery fund project to help longstanding successful projects recover from liquidity issues. 

Justin Sun, the creator of Tron, and Huobi, a cryptocurrency exchange, endorsed Binance’s recovery fund. According to Justin Sun, it will assist developers and builders in overcoming the issue. In addition, Simon Dixon, the largest shareholder in Celsius, intends to contribute to the fund to revive the sector. After OKX’s announcement on November 15th, the OKB token surged 8.74%. It has continued its climb since then, pushing the token to a new weekly high.

OKB’s price is currently trading at $18.77. | Source: OKBUSD price chart from TradingView.com How OKB Has Faired During The Week

The price of OKB has increased by 4.63% to $20.68 in the last day. This maintains the upward trajectory it has been on for the previous week, rising from $18.5 to its present price by 11.39%. The coin’s all-time high is $44.01, a 53.17% rise from its current market price.

The chart displays the price volatility and movement for OKB over the previous week. The Bollinger Bands in gray represent the volatility of its weekly price changes. The greater the bands’ width or the size of the gray area at any given time, the greater the volatility.

OKB’s trading volume has surged 20.32% in the last 24 hours, indicating high trading activities. The token has also held its ground against Bitcoin and Ethereum. As of writing, OKB had gained 4.66% and 4.67% against the top cryptos, respectively.

Featured image from Pixabay and chart from TradingView.com

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Waves Community Token (WCT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 1.05 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.1615 (-100%)

token okb market crypto gains utility surge

Источник: newsbtc.com

token okb → Результатов: 46


Фото:

Where to buy OKB token as its price steadily rises following OKEx exchange growing popularity

OKB has been silently marching upwards since mid-March 2021; something that has caught the attention of most crypto investors because most cryptocurrencies have been on a roller coaster. It is almost a mystery how the OKB token has maintained a bullish trend even as the majority of coins including Bitcoin have been struggling to remain […] The post Where to buy OKB token as its price steadily rises following OKEx exchange growing popularity appeared first on Invezz.

2021-12-21 13:45


Фото:

Should you buy OKB after the OKEx $100 million fund allocation?

OKEx OKB/USD is a spot, derivatives, and cryptocurrency exchange.  The OKB token is the native exchange token of OKEx, which provides discounts on the trading fees. The $100 million fund allocation in Asia as a catalyst for growth OKEx has set up a $100 million fund to bring cutting-edge technologies and blockchain possibilities within the […] The post Should you buy OKB after the OKEx $100 million fund allocation? appeared first on Invezz.

2021-11-3 18:57


Bitfinex откажется от поддержки 28 токенов

Биржа криптовалют Bitfinex анонсировала массовый делистинг активов на своей платформе. В общей сложности делистингу подлежат 28 токенов: AirSwap (AST), Aventus (AVT), Contentbox (BOX), Cindicator (CND), Cortex (CTXC), DragonChain (DRGN), DATA (DTA), Dragon Token (DTX), DAOstack (GEN), Hydro Protocol (HOT), IOS (IOST), MATRIX (MAN), MobileGO (MGO), MedicalChain (MTN), Nucleus Vision (NCASH), OKEX (OKB), OnLive (ONL), Ripio […] Материал Bitfinex откажется от поддержки 28 токенов появился сначала на WHATTONEWS – Новости криптовалют.

2021-3-22 17:31


Bitfinex откажется от поддержки 28 токенов

Биржа криптовалют Bitfinex анонсировала массовый делистинг активов на своей платформе. В общей сложности делистингу подлежат 28 токенов: AirSwap (AST), Aventus (AVT), Contentbox (BOX), Cindicator (CND), Cortex (CTXC), DragonChain (DRGN), DATA (DTA), Dragon Token (DTX), DAOstack (GEN), Hydro Protocol (HOT), IOS (IOST), MATRIX (MAN), MobileGO (MGO), MedicalChain (MTN), Nucleus Vision (NCASH), OKEX (OKB), OnLive (ONL), Ripio […]

2021-3-20 20:00


Bitfinex откажется от поддержки 28 токенов

Биржа криптовалют Bitfinex сегодня анонсировала массовый делистинг активов на своей платформе. В общей сложности делистингу подлежат 28 токенов: AirSwap (AST), Aventus (AVT), Contentbox (BOX), Cindicator (CND), Cortex (CTXC), DragonChain (DRGN), DATA (DTA), Dragon Token (DTX), DAOstack (GEN), Hydro Protocol (HOT), IOS (IOST), MATRIX (MAN), MobileGO (MGO), MedicalChain (MTN), Nucleus Vision (NCASH), OKEX (OKB), OnLive (ONL), Ripio Credit […]

2021-3-20 16:56


Five Biggest Altcoin Gainers From Feb. 15 – Feb. 22

During the week of Feb 15 -22, these five altcoin picks rallied the most: Pundi X (NPXS) – 206% OKB (OKB) – 188% Kucoin Token (KCS) – 180% Holo (HOT) – 178% Ravencoin (RVN) – 152% Biggest Altcoin Gainers NPXS has increased considerably since the beginning of the year, but the upward movement looks extremely … Continued The post Five Biggest Altcoin Gainers From Feb. 15 – Feb. 22 appeared first on BeInCrypto.

2021-2-23 15:03


OKEx Jumpstart Mining Opens New Revenue Generation Avenues for OKB Holders, ZYRO Becomes First Staking Project

OKEx Jumpstart, the cryptocurrency project accelerator operated by global crypto spot and derivatives exchange OKEx now supports mining on its platform. According to the announcement, the feature will allow OKB token holders to stake their tokens 14 days before the listing of a new Jumpstart project for a chance to gain rewards and staking incentives. […]

2020-9-10 16:15


OKEx запустила децентрализованную биржу на блокчейне OKChain. Токен OKB обновил максимум

Криптовалютная биржа OKEx запустила тестовую сеть OKChain и децентрализованную биржу. NEW LAUNCH: #OKChain Testnet now LIVE 🌐 Our very own blockchain, OKChain & #OKExDEX, the decentralized exchange have just launched 🎉$OKT will be the native token of OKChain, 100% of the genesis block will be mapped to $OKB holders.

2020-2-10 13:28


Exchange-Related Tokens Dominate Crypto ROI Last Year

While most crypto assets suffered throughout 2019, Bitcoin, and a handful of other altcoins – almost entirely comprised of exchange-related tokens – offered crypto investors the best ROI in 2019. Binance Coin, Huobi Token, and OKB Top Crypto’s Best Return in 2019 The crypto industry is a fast-moving, ever-changing industry that is driven by wild... The post appeared first on NewsBTC.

2020-1-3 20:00


OKEx announces delisting of 36 trading pairs on grounds of weak liquidity, trading volume

TRON-based DApp, WINk, launched its native token WIN with much fanfare on Binance’s Launchpad in July 2019. WINk became the first DApp to be launched on the TRON ecosystem. However, in what is a recent development for the newly unveiled token, a leading crypto-exchange has announced the removal of WIN/OKB, along with 35 other trading […] The post OKEx announces delisting of 36 trading pairs on grounds of weak liquidity, trading volume appeared first on AMBCrypto.

2019-8-3 00:30


Биткоин-биржа OKEx анонсировала масштабный делистинг низколиквидных торговых пар

Криптовалютная биржа OKEx анонсировала делистинг более 30 низколиквидных пар, торгуемых в основном с ETH и OKB. We will delist several TRADING PAIRS with weak liquidity and trading volume in the ETH and OKB markets according to the OKEx Token Delisting / Hiding Guideline.

2019-8-3 19:24


OKEx’s Token Will See 17x Growth in Price, Blockchain Investment Firm Forecasts

The recent popularity Initial Exchange Offerings (IEO) have been experiencing over the last few months has brought what it appears to be like a new bull run. An incredible example of success is the OKB token issued by OKEx, one of the largest cryptocurrency exchanges by trading volume in the world, which has impressed the […] The post OKEx’s Token Will See 17x Growth in Price, Blockchain Investment Firm Forecasts appeared first on NullTX.

2019-7-16 16:34


На платформе Ok Jumpstart изменятся правила проведения IEO

Криптовалютная биржа OKEx в этот четверг представила новые правила проведения IEO на своей платформе Ok Jumpstart. Thank you for all the suggestions on the enhancements of OK Jumpstart rules. We have received comments from thousands of OKB holders all over the world.

2019-4-19 15:13


5 Minutes to Know About Blockcloud

1st April, OKEx officially announced Blockcloud will be the very first project launch on their new platform —— OK Jumpstar and OKB will be the only acceptable token for payment. OK Jumpstar is a platform powered by OKEX——top 3 crypto exchanges in China, which is to help quality blockchain projects go public and get listed in a liquid and worldwide market, and at the same time, help fuel the growth of the blockchain market and ecosystem healthily.

2019-4-10 14:09


5 Minutes to Know about Blockcloud

1st April, OKEx officially announced Blockcloud will be the very first project launch on their new platform-OKJumpstar and OKB will be the only acceptable token for payment. OK Jumpstar is a platform powered by OKEX-top 3 crypto exchanges in China, which is to help quality blockchain projects go public and get listed in a liquid and worldwide […] The post 5 Minutes to Know about Blockcloud appeared first on AMBCrypto.

2019-4-10 13:30


Биткоин-биржа OKEx представила формат участия в IEO на платформе OK Jumpstart

Готовящаяся к первому токенсейлу криптобиржа OKEx представила правила участия в IEO на платформе OK Jumpstart. Get your $OKB ready for #OKJumpstart Token Sale! Make sure you read this to increase the chance of allotment: https://t.

2019-4-2 16:50


Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

OKB Holds 16% Gains When Majority Of Tokens Shrink

The general cryptocurrency market cap is down today by 0. 73% at $1. 06 trillion, But OKB is still recording positive price momentum today despite the general slump. The token has enjoyed a steady rise on the price charts since January 2023.