The OKEx utility token surges to a new all-time high as the altcoin market enters a new bullish phase where other assets are setting new ATH with every day passing by. BTC and ETH are in a price discovery mode and the profits flooded into other projects like utility coins just like the OKEx utility token so let’s read more in our latest altcoin news.
As a result, the OKEx utility token OKB set a new ATH and according to the Dow Theory, the efficient markets will price the assets effectively by posing as a reflection of the available information and for now, all information points out that there’s an all-in entry on value projects in the crypto industry. investing in BTC early paid off pretty well so other altcoins are also following suit. The potential is there but only for the projects that have lasting powers and fundamental strength as well as technicals to back up their momentum.
The overall crypto trend caused the coins to perform well but certain categories benefited more than others like OKB. The OKB token increased along with the growing price trend and reached a new all-time high of over $23 per coin. The number marks a 4000% increase from the bear market bottom and a 40% increase in 2021, making it the most successful coin in the space with the investors becoming aware of the value of the utility token. OKB is also going on an uptrend and has the fundamentals to back it up.
The average Directional index is basically a strength measuring tool which provides clues to where the asset is in the trends and the bullish trend is now the strongest ever, historically speaking while the coin has only started growing. OKB broke the bear market resistance levels back in 2020 and confirmed it as support so after the bullish retest happened, it was only a green field for the coin with the resistance flipped support and the strong fundamentals that support longevity. OKB allows OKEx customers to enjoy a discount on the trading fees, sales, and more and it is also the central coin of the OKEXChain ecosystem which means it can be used in a number of ways.
Very few cryptocurrencies can claim such utility so the prices will appreciate and they have already started for some time.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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