Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
OKB is expanding its inherent sentiment that it is one of the best performing exchange tokens around as it is defying gravity at a time when the prices of most digital currencies are slipping. For OKB, the 2.6% daily growth has only complemented the more than 14% uptick it is maintaining for the past week.
For reference, Bitcoin (BTC), the world's premier digital currency, is down by 9.38% for the week, while competing Binance Coin (BNB) has slipped by 8.88% and KuCoin (KCS) has lost more than 6% of its value in the week to date.
The secrets to OKB's growth are not far-fetched, and while its broader outlook stems from its strategy to ecosystem growth, the current bullish uptick is based on the latest support for the much-awaited Sui protocol mainnet launch. As announced by OKX, it will get directly involved with the sale of the Sui Token on its platform on April 23.
📢 Be part of the $SUI @SuiNetwork token sale on #OKX Jumpstart on Apr 23 🌊
— OKX (@okx) April 21, 2023
💡 Only $OKB holders are eligible to participate
💡 Snapshot from Apr 20-22
According to the trading platform, this support is only for users who hold OKB tokens. The obvious buy-up and green uptick in OKB is a showcase of the extent to which the OKX community is planning to join the tokensale.
Building on OKB Chain
As an integrated ecosystem, the OKB token is on track to benefit from the innovations that are associated with the newly launched OKB Chain that was floated by the exchange last month.
OKB as a token is designed to serve as the unifying token in the ecosystem, and with more innovators likely to come build on the OKB Chain, the utility surrounding the digital token is bound to skyrocket in the near term.
The latest performance of the OKB token, which has left more than 90% of its holders in profit, is another key highlight driving the massive embrace to the digital asset. In all, OKB has all the right fundamentals to sustain its bullish growth streak in the near term.
Alex Dovbnya
Arman Shirinyan
