Editorial credit: T. Schneider / Shutterstock.com
AI Trading

A statistic exists for OKB token holders according to the advanced virtual currency research platform, IntoTheBlock. The platform reported that over 99% of the OKB token holders are in profit.

For context, there are 43,610 OKB holders experiencing gains, while only 262 addresses are incurring losses. OKB is the token allowing users access to special features on the OKX cryptocurrency exchange.

An Impressive Growth In 2023

Although the current price of the OKB token reflects a slightly bearish outlook as it is exchanging hands at $44.02, losing 4.2% within the last day, it has not negated its impressive growth since the beginning of this year.

AI Trading

While it has dipped by only 7.7% during the previous week, the virtual currency has increased in price value by about 95% in the last three months. Therefore, the current decrease may be a relatively mild correction.

The on-chain analysis of OKB is proof of the inherent value of exchange tokens, which undoubtedly drives their widespread adoption. An instance is this OKB which has remained bullish despite the crypto winter.

After FTX’s collapse, investors started searching for similar but better alternatives, and the OKX exchange fits their profile description of what they want. On-chain data shows the OKB token is one of the fastest-growing virtual currencies despite the recent market rout.

Thus, analysts consider this token significant for future growth, having weathered the cryptocurrency winter and positioned more holders in a profitable state.

Will OKB’s Price Ever Reach $100? 

The OKX Exchange launched the OKB cryptocurrency with a max of 300,000,000 tokens in supply, of which 60,000,000 are circulating. Hence, the token must grow by almost 2.21 times its present market price to trade at $100,

OKB achieved its peak price of $50 last month, experiencing growth of roughly 3.125 times in 6 months from its lowest price of $16 last August. Given its growth rate of 0.52 times in 1 month, OKB could achieve $100 in less than five months if its performance remains the same.

However, the timeframe may be slightly longer due to market conditions and other economic factors.

AI Trading

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

George Ward

By George Ward

George Ward is a crypto journalist and market analyst at Herald Sheets, known for his engaging articles on the latest digital currency trends. With a background in finance and journalism, he presents complex topics accessibly. George holds a degree in Business and Finance from the University of Cambridge.