In this article, we will look at what the OKB technology is, what its token does, and how it fits into the cryptocurrency ecosystem
Let us start off by talking about what OKB is
What Is OKB?
OKB is the name used to refer to the utility token that gets its backing from the “OKE” crypto exchange platform.
The OKE is a cryptocurrency trading platform that is based in Malta and has become one of the most traded cryptocurrency websites in recent years.
Since its launch in 2017 “OKE” platform has stuck to its original purpose of facilitating exchange through traditional currency to cryptocurrency.
The website users are given access to several unique functions such as access to a multicurrency wallet and the options for margin trading.
The OKE platform which backs the OKB (OKB) token has the characteristics like the ones mentioned above.
In the next section, we will look at what the OKB(OKB) token is, and what its functionalities are.
What Is The OKB (OKB) Token?
The OKB(OKB) token functions as a utility token on the OKE website.
The coin was launched in March 2018 and has experienced its fair share of gains and losses along its way.
The eventful rise and fall of the token’s value is speculated largely due to the events that unfolded concerning the OKE website.
In the coming paragraph, we will discuss the role the token plays in the functioning of the OKE exchange and try to get an overview of the current standing of the coin in the market.
The functionalities and use cases of the coin in the OKE ecosystem are as follows.
- The coin can be used to make transactions within the OKE network.The coin can be used in the calculation and payment of the trading fees for the website
- The OKB(OKB) token can be stacked to receive rewards from the website
- The token gives you an option to vote on the governance of the website
- The token gives you access to the special features of the OKE platform
The paragraph above shows the use cases and functionalities of the OKB(OKB) token in the OKE platform.
The table below shows the market standing and overview of the OKB(OKB) token.
| Name of the token | OKB |
| Token Marker | (OKB) |
| Current Price | $ 42.78 |
| Price Change | -1.91% |
| Market Cap | $2,566,592,597 |
| Volume(24h) | $7,553,574 |
As seen in the table the current price of the OKB(OKB) token stands at $42.78, down by 1.91% from the last recorded price check
Similar price changes have affected the coin in the past but with an overall analysis of the price chart the coin has gained a considerable amount of value from its single-digit pricing at the time of its launch.
In the sections below we will look at the exchanges that list the OKB(OKB) token and the process of buying them
Where To Buy The OKB(OKB) Token?
The OKB(OKB) token is listed in over 14 different exchanges which include OKX, BitMart, MEXC Global,Gate.io and so on
The OKB website takes the highest spot on the list of places to buy OKB tokens due to the close connection between both the coin and the exchange.
How To Buy The OKB(OKB) Token?
These are the steps one should follow to buy the OKB(OKB)Token through a Crypto Wallet
These are the steps one should follow to buy the OKB(OKB) Token
- The First step is to open “Metamask” or “Trust Wallet App” on your phone visit the website using the browser and click Connect.
Thereafter select the app from “Connect Wallet” and give it approval by pressing the button “Approve”.
- In the Second step of the process, you will be prompted to select a payment method.
- input the number of tokens you want to be credited and select the method of purchase whether it is through swapping of ETH, BNB, MATIC, USDT, or any other coins or through a credit or debit card.
- For the Third step click on the “Buy now” button and then wait to accept the payment in your Metamask wallet.
- The Fourth and final step is to check your “Connect Wallet” balance and after the end of the presale, you can claim the token in Metamask.
These are the steps one must follow to buy the OKB(OKB) token from a centralized exchange
The coin can also be bought using traditional methods of payment including credit cards, debit cards, and other means of payment.
Now let us look at some of the price predictions and market analysis made on the token by popular sources.
Price Predictions And Market Analysis
In this section, we will look at the current market standing and price predictions of the OKB(OKB) token
The table below shows the price predictions for the coin from the years ranging from 2024 to 2030.
| Years | Lowest Price | Average Price | Highest Price |
| 2024 | $68.50 | $85.63 | $102.75 |
| 2025 | $140.53 | $175.66 | $210.79 |
| 2026 | $288.28 | $360.35 | $432.42 |
| 2027 | $591.38 | $739.23 | $887.07 |
| 2028 | $1213.18 | $1516.47 | $1819.77 |
| 2029 | $2488.75 | $3110.94 | $3733.12 |
| 2030 | $5105.49 | $6381.86 | $7658.23 |
From looking at the price predictions available in the table above we can say that the analysis made for the token shows a sharp increase in the value of the coin in the coming years, with the price of the coin jumping to $68 by the lowest estimates in 2024 or for the coin reach the price of $102.75 by the higher estimates.
The current market sentiment on the coin shows an 89% bearish sentiment on the coin with the Fear and Greed index showing a 74, indicating high levels of Greed among the investors.
The coin in its last 30 days of trading has experienced over 12 bullish days with price volatility of 3.25%.
Now let us look at what we can gather from all the data that was presented in the above sections
Also, Read: How Does Market Cap Affect Crypto Price?
Concluding Remarks
From the information that we can find based on the token and its backing cryptocurrency trading website called OKE, it has been made clear that the OKB(OKB) token seems to have an undue advantage over most of the other coins due to the importance of the OKE website in carrying out cryptocurrency transactions in the current market.
The website with its current standing as one of the major players in the market is also an assurance of the stability and growth prospects of the coin.
OKB (OKB) as a coin however does seem to be on the list of coins that the investors seem to be too cautious about investing in. This has caused an overwhelming majority of them to respond with predictions of a bull run.
The final action on the coin however need not be taken solely based on any of the market predictions or sentiments toward the coin instead, it can be based on the individual conclusions that each investor has come up with based on their own analysis of the data.
