Is OKB a good investment?

Introduction 

OKB is a global utility cryptocurrency is issued by the OK Blockchain Foundation. OK, Blockchain Foundation is a token economy system designed and launched by our world-class development team based on blockchain technology. OKB is set to connect prospective digital asset projects to OKEx users as well as professional investors, creating an OKEx ecosystem that helps to advance the development of blockchain technology and the digital asset industry. Currently, the total supply of OKB is 300 million. We will listen to OKB holders’ suggestions for the OKB ecosystem development. The OKB price page is part of the Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies.

OKEx won ‘Crypto Exchange of the Year’ at the 2018 Malta Blockchain Awards, beating out Binance and BitBay.

What does the OKB token do for OKEx?

OKB is nothing but a utility token on OK Blockchain that creates a bridge between users to the OKEx platform. OKEx is one of the popular trading platforms from the list top 20 best trading platforms and It is a digital asset exchange that provides advanced financial services to traders globally by using blockchain technology. however, OKB Token is ERC-20 Token created on top of Ethereum Blockchain and this token gives benefit and offer for OKEx Platform users.

How does OKB work?

OKB is a utility token that is mainly used on the OKEx platform. The company plans on expanding the token’s use by having it available on other exchanges in the future. Historically it was an Ethereum token, but in 2020, it's due to move over to its own blockchain.

Financial Analysis

The live OKB price today is $16.44 USD with a 24-hour trading volume of $744,587,444 USD on September 29, 2021. We update our OKB to USD price in real-time. OKB is up 13.74% in the last 24 hours. The current CoinMarketCap ranking is #91, with a live market cap of $986,403,116 USD. It has a circulating supply of 60,000,000 OKB coins and the max.

OKB's ROI with 155% in a year and It's underperformed in 'Centralized Exchange Token (CEX), Exchange-based Tokens' categories which had 271% growth over the past year. OKB underperformed in the crypto market which had 3143% growth over the past year. You can track OKB's Return On Investment (ROI) on our website here, for Free.

A capable marketing team and brand awareness have a direct impact on the success of any project. OKB Network's marketing team is doing a great job! According to our data, OKB's Twitter account saw an increase of 57% in the number of followers over the last months in the time of writing. Moreover, Its Telegram channel users went up by 24% over the same period. You can follow OKB's popularity using our report, which is accessible here.

Our data indicate that OKB's ranking among the markets' cryptocurrencies in terms of market capitalization decreased significantly over the last months, from 17 to 37. Also, Its price saw a similar trend, falling from $42.73 to $15.48 today. However, its liquidity score is 66% upper the market's average score, which means that it would be easier to sell OKB if the market is also falling. You can find our report about OKB's market capitalization, price, and liquidity score here.

On May 26, 2021, OKB opened at $14.57. On Jun 1, 2021, OKB closed at $13.18. Thus, in the past week, the OKB price has decreased by approximately 9.5%. 

Is OKB token the best cryptocurrency to invest in?

We are here to help you make smarter financial decisions by freeing up your intelligence through making it easy to compare thousands of coins. We do all the hard work for you and help you remove emotions from your decisions. However, making an investment decision requires considering your own financial situation and comparing your investment options.

To see our reports and easily compare the available investment options, check out our website.