OKX tokens soar double digits as crypto begins 2023 higher | Invezz


OKX, the cryptocurrency exchange that’s slowly taking up a bigger chunk of the market following the collapse of FTX, is seeing its ecosystem tokens rally into 2023 amid a broader market resilience.

On Monday, 2 January, the OKX (OKB/USD) and OKC Chain (OKT/USD) tokens jumped double digits. OKB price rose to highs of $30.34 according to data from CoinGecko, while OKT had hit $28.88.


Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

Gains for OKB and OKT came as crypto began 2023 higher, with the total market cap increasing more than 2% to over $842 billion. Meanwhile, Bitcoin and Ethereum prices were holding above crucial support zones around $16,800 and $1,200 respectively.

OKX utility token up 30% in a week

As Invezz analysts recently pointed out, OKB is one of the top coins to surge even as the crypto market continued to feel the brunt of the 2022 bear crash. OKB/USD was up 13% in the past 24 hours as of 04:20 am ET. The token’s price was more than 30% up in the past seven days.

For OKB, the utility token of the OKX exchange, part of the surge during the Asia trading hours followed the platform’s unveiling of the OKX Bot Marketplace for traders. The trading bot, the exchange noted, allows users to grow their portfolio with zero (0) fees.

Traders can leverage the bot to copy and benefit from all the top performing trading strategies. Traders can tap into the tool in just three clicks.

OKT price up 60% in past 30 days

OKT is the native token OKX Chain and has also seen decent upside momentum over the past few days. As of writing, the token’s price was 11% up and changing hands around $28.52. The OTK token has traded higher since the OKX Chain’s debut of its Liquid Staking protocol on 20, December, 2022. As previously covered, OKC Chain’s liquid staking offers up to 40% APR.

The price of OKT reached highs of $28.88 on Monday and is up more than 16% in the past week and more than 60% in the past 30 days.





Source link

Leave a Comment