OKB is a very interesting crypto project. A utility token of one of the biggest crypto exchanges in the world, it has had great price dynamics since 2021. Whereas the majority of the crypto market has continued to slowly yet steadily decline since the bull run in the fall of 2021, the average price of OKB managed to stay relatively strong and even reached quite a few highs.
In this article, we will take a look at our OKB price predictions for 2022, briefly examine its price history, and see what makes this digital asset valuable and whether it can be a profitable investment. Please remember that this article does not constitute investment advice, and you should always do your own research.
What Is OKB?
OKB, an ERC-20 token that belongs to the OK Blockchain Foundation, is the native cryptocurrency of one of the biggest crypto exchanges in the world, OKEx. It used to operate on the Ethereum blockchain but was eventually moved to the company’s own chain, OKExChain.
OKEx is more than just an exchange — for example, it has its own cloud mining service. OKB provides users with access to some of the platform’s more special features, such as governance.
In fact, the OKB token plays a crucial role in the whole ecosystem of the OKEx project. Besides the aforementioned governance, it also lets users receive sizable discounts on transactions — up to 40%. The more OKB tokens a person holds, the bigger their discount will be. Users who hold a lot of OKB coins also have the opportunity to earn some interest off of it via the OKEx Earn platform.
As a native cryptocurrency of the OKExChain, OKB also facilitates spot and derivatives trading as well as the development of scalable apps on the blockchain.
And that’s not all! In order to make the token even more valuable, the OKB team also burns a certain amount of it every three months.
OKB Price Chart
OKB Technical Analysis
Tied to one of the biggest crypto exchanges in the world, OKB boasts a lot of use cases. As a result, it has quite substantial fundamental value and is therefore seen as a relatively reliable investment.
Most OKB price predictions expect the future price of OKB to increase. Wallet Investor, for example, predicts that we will see the OKB price grow quite substantially in the coming years. They assume its maximum price level will reach $89 in 2026 and even continue rising beyond that. GOV Capital’s OKB forecast also predicts a positive trend for this token.
Overall, this cryptocurrency clearly has some positive price dynamics. Its average forecast price is rather high. At the time of writing, most technical indicators were giving a “Buy” signal, meaning that the future price of OKB is likely to go up. For an up-to-date result of OKB technical analysis, please see the TradingView widget below.
Is OKB a good investment?
OKB can be a good addition to many portfolios, especially if you use the exchange it belongs to.
Does OKB coin have a future?
No one can accurately predict where we will see the OKB price increase in the future and what maximum and minimum price value it is capable of achieving. So far, OKB has stood strong in the face of bear markets, but everything may change — make sure you’re aware of the risks before investing in the OKB coin.
How to buy OKB?
You can buy and sell OKB on many different exchanges, including Changelly.
Can you stake OKB?
Yes, OKB operates on a proof-of-stake blockchain and can therefore be staked.
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.