This OKB price prediction shows that the opinion of respected crypto experts and technical-based analysis combined predict that the long-term forecast of OKEx and its native token of OKB has the potential to reach anywhere up to $163 between now and the year 2025. To avoid missing out on potential upcoming price surges in the cryptocurrency market, check out our easy-to-follow article on how to buy OKB.
“We have elected to put our money and faith in a mathematical framework that is free of politics and human error.”– Tyler Winkelvoss, Rower & Entrepreneur.
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News about OKB
- OKEx integrates fiat gateway Bitbns for India-based traders
- Crypto Exchange Giants Cut Back on China Users as Ban Widens
The world of crypto exchanges is dominated by a number of names. But one of the more lesser-known is that of OKEx. A well-established trading platform geared towards advanced traders, it has a native cryptocurrency called OKB that is set to make phenomenal gains in the near future, or so some people predict.
Not an advanced trader and looking for a simpler platform? Fear not! Many new investors have opted to trade the OKB token on various beginner-friendly platforms, such as eToro, and have made phenomenal gains by trading at the right time.
But are you wondering if it’s too late to start investing in OKB? You’re not alone, many people are curious about whether investing now is a good idea. I was one of those people until I began to use a range of factors to research the future price of OKB such as:
- Price history
- The latest legislation
- Prediction strategies
- Expert analysis
- New investors
By analyzing all of these factors, I was able to find out that there’s never a bad time to invest in OKB. For example, statistics from the leading trading platform of eToro tell us that sales have skyrocketed in the past few months, demonstrating that demand for this coin is very high.
But what does the future hold for investors who get on board now? Will it rise even further? Our OKB price prediction aims to answer all. But first, let’s start with just what this native cryptocurrency of OKEx actually is and how it works.
What is OKB?
In 2013, the crypto exchange of OKCoin was created to cater to the Chinese cryptocurrency market. Headed by an investor and experienced programmer named Star Xu, he later went on to create a platform for more advanced traders called OKEx in 2014.
With increasing restrictions on crypto in China, OKEx moved abroad to countries like Malta and Seychelles. Today, OKEx is a leading cryptocurrency exchange that has won awards and boasts a daily trade volume of over $1 billion.
Like most crypto projects, OKEx has its own native crypto token called OKB of which 1 billion have been produced. According to the company itself, 60% of the tokens are given to OKEx users to be used for community building through marketing campaigns. Every Friday, half of the service fees collected by the exchange are given back to OKB holders as a bonus.
The developers behind OKEx have bold plans for its native cryptocurrency. They not only plan to expand the token’s range of uses by making it available on other exchanges in the future, but they’re also working on moving it to its own blockchain rather than Ethereum which it’s currently on.
OKB has secured partnerships with various companies and projects to make trading easier for its users. For example, they partnered with Litex to create a cellular fuel card, teamed up with Tripio to award hotel stays, and joined the ranks of TrueChain for merchant transactions.
Pros and cons of OKB
Like any cryptocurrency, OKB has its fair share of incredible pros and limiting cons. We always aim for transparency in our articles. So in this section, we’re going to cover some of the most important pros and cons of OKEx and its native currency of OKB.
|✔️ Hundreds of trading pairs available.||❌ Not available to residents in some countries, including the U.S.|
|✔️ Allows a wide array of fiat currencies to open an account.|
|✔️ Broad suite of offerings.|
Do you still have questions about OKB? Rest assured, before we get into the price prediction, next we’ll cover some frequently asked questions about OKBto give you a better understanding of the original digital asset and its price potential.
Who uses OKB?
OKB is utilized largely by the users of the OKEx crypto platform. From making trades on the OKEx platform to getting discounts on trading fees there are lots of uses for the native crypto. Holding OKB also gives you voting rights. The more OKB you hold, the greater the weight your vote carries.
How does OKB gain value?
Like most cryptocurrencies, the value of OKB is largely driven by speculation in its current state. As more people discover the wide range of uses of the OKEx platform and its native cryptocurrency, its value grows. Due to its innovative nature and continuous growth of significant partnerships, support for OKEx is only expected to grow as cryptocurrencies become a more widely accepted alternative to fiat currencies. When it does, the value will likely grow in sync.
Can OKB reach $100 per token?
Based on its recent price history and innovative nature of being a platform with a growing userbase and a widening range of partnerships and investors, it’s possible that OKB could reach $100 per token in the long term. In fact, some crypto analysts predict it could surge past that to over $160 per token by the year 2025.
Where do people buy, sell, and trade cryptocurrencies like OKB?
Aside from the OKEx platform itself, you can buy, sell, and trade cryptocurrency from various crypto broker platforms. If you are a new investor, then we suggest using eToro. It’s safe, regulated, and beginner-friendly. The eToro interface is very simple to use, and it has an array of trading tools to allow you to trade safely.
Expert analysis of the OKB price potential
One of the best tools we can use to try and determine the potential future price of OKB is to analyze the opinions of various crypto experts. Let’s delve into three estimated growth outlooks for various industry experts and analysts.
Overall, PricePrediction.net is bullish on the OKB price prediction. Based on it continuing to build partnerships with influential organizations and persisting with being a unique model that retains a solid support base, they believe it has the potential to reach around $18.36 per token by the end of the year, $42.98 by the end of 2023 and a price of $93.94 by the year 2025.
WalletInvestor uses an algorithm-based forecast in an attempt to predict the future price of cryptocurrencies. When it comes to OKB, they are also bullish. Over the long term, WalletInvestor predicts that the price of OKEx’s native token could reach somewhere around $29.97 by the end of 2021 and $80.45 by the end of 2025.
DigitalCoinPrice is fairly bullish on its OKB outlook and expects the price to gradually increase over the long term. DigitalCoinPrice predicts it to reach $23.27 by the end of 2021, $105.42 by the end of 2023, and finally, a figure of $163.68 by 2025.
So from over $18 in the short term and up to $163 in the long term, the overall expert analysis on the future price of OKB is overwhelmingly bullish with some potentially lucrative returns in store for investors. But what does the technical analysis tell us about the price potential of this innovative digital asset?
Technical analysis of the OKB price potential
Now we move on to technical analysis to try and predict the future price of OKB. This section will utilize powerful tools like the Japanese candlestick, chart patterns, and trading indicators. As well as giving traders the upper hand in day trading, they can enable us to discover long-term price predictions based on pure technicals when we assess longer time frames.
OKB Price Prediction 2021 – 2022
Since the beginning of 2021, the price of OKB skyrocketed by 111% from $7.63 to its current price of $16.07. It’s predicted that the OKB price will rise an additional 16% in the second half of 2021 and it’s then expected to close the year at $18.71. A year-to-year change of +145%.
OKB Price Prediction 2022 – 2023
After starting the year at $18.71, it’s predicted that the price of OKB will rise to $27.13 per coin in the first half of 2022, it’s then expected to gain $3.28 and finish the year at $30.41, which is a +89% gain on the current price.
OKB Price Prediction 2023 – 2024
After starting 2023 at $30.41, OKB is expected to drop slightly to a figure of $31.62 midway through the year before going on the rise again and ending the year at $36.36 at an overall annual increase of 149% from the current price.
OKB Price Prediction 2024 – 2025
After starting 2024 at $36.36, OKB is expected to rise to $50.55 halfway through the year. The second half of 2024 is expected to see the price end the year at a slightly lower price than the first half of 2024 at $48.02. That’s an overall annual increase of 199% on the current price.
In summary, the future looks bright for OKEx. It’s currently ranked as the number two cryptocurrency exchange by trade volume, second only to Binance, and has many bold plans for the near future.
It’s planning to launch its own decentralized exchange (DEX) built on top of its own blockchain, called OKChain, which will use the OKB token as fuel for transactions. If this is successful, the value of OXB could potentially skyrocket as a result.
But whilst many people can see the significant potential in OKB, there is a significant number of people who are wondering where to invest in such cryptocurrencies for the long term. The answer lies in a reputable and well-established trading exchange with access to vital trading tools like eToro.
Where to buy cryptocurrencies like OKB?
Cryptocurrencies like OKB are available to buy and trade on eToro alongside 18 other cryptocurrencies. This is a well-established, highly regulated, and secure platform that has the potential to revolutionize your crypto trading.
What’s more, is that eToro allows you to access their incredible array of trading tools such as the Stop Loss, Take Profit, and built-in charting software that all let you maximize your potential profits whilst ensuring safe trading practices that protect your hard-earned funds. Also, eToro offers Leverage Trading on crypto. This allows you to multiply small amounts to become large powerful positions that drive massive profits.
Overall, the financial situation, risk tolerance, and investment strategy of each person vary. OKB is inherently volatile and the price can rise or drop at a moment’s notice, this brings advantages as it does risks. Both of which are important to understand and weigh against your own investment goals and needs. Only invest money you can afford to lose and balance out the risky nature of crypto investment by building a diversified portfolio.
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Disclaimer – This content is for informational purposes only and is not investment advice. The trading of OKB and other alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.