{"id":359991,"date":"2022-11-26T07:38:46","date_gmt":"2022-11-26T12:38:46","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=359991"},"modified":"2022-11-26T07:38:46","modified_gmt":"2022-11-26T12:38:46","slug":"this-new-coin-is-predicted-to-50x-by-2023","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/this-new-coin-is-predicted-to-50x-by-2023","title":{"rendered":"This New Coin is Predicted to 50x by 2023"},"content":{"rendered":"

OKB<\/a> bills itself as a utility token that operates on the Ethereum blockchain, and this new coin has a potential to rise 50x in 2023. It was made available by the OK Blockchain Foundation and the Maltese cryptocurrency exchange OKEx. However, the exchange, which is one of the world’s largest, is now ranked third in terms of liquidity and fourth in terms of trading volume, and it offers a large number of trading pairs.<\/p>\n

The OK Blockchain Foundation burns OKB tokens to reduce supply, which supports the token’s price and encourages users to hold on to their tokens. OKB’s price has skyrocketed in recent days, making it one of the most valuable cryptocurrencies.<\/p>\n

OKB Price Update<\/h2>\n

The current live OKB price is $21 with a $14 million 24-hour trading volume. OKB increased by over 1% in recent hours. OKB now holds the 34th-place market position with a $1.2 billion live market cap. There are 60,000,000 OKB coins in circulation.<\/p>\n

\"OKB\"<\/p>\n

OKB Price Chart – Source: Tradingview<\/strong><\/p>\n

There is no single factor driving OKB’s recent price increase. However, a significant increase in trading volume indicates that users have been very active in recent days. Furthermore, the reason for its long-running rally could be attributed to OKX’s announcement of a recovery fund for projects experiencing liquidity issues, joining companies such as Binance.<\/p>\n

This comes after the well-known cryptocurrency exchange FTX experienced liquidity issues, resulting in the freezing of customers’ funds. The exchange’s statement was a significant contributor to OKB’s weekly price increase.<\/p>\n

OKX’s Project Recovery Funds – OKB Bullish Rally<\/h2>\n

Earlier this week, OKX announced plans to create a $100 million project ecological support plan. According to the tweet, OKX will work on the initiative with OKXChain and OKX Demo Day. OKX wishes to assist top-tier projects that are currently experiencing issues such as liquidity. It also intends to help qualified projects overcome obstacles by providing financial, environmental, and technical assistance.<\/p>\n

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#OKX<\/a> Announces Project Recovery Funds $OKB<\/a> Kicks Off Bullish Run. @okx<\/a> announced earlier this week its intention to establish a $100 million project ecological support plan. The native token of #OKX<\/a> saw 11.5 % gains in weekly after the announcement made 👀 pic.twitter.com\/FIpvU3o7Fl<\/a><\/p>\n

— Elite Crypto (@TheEliteCrypto) November 20, 2022<\/a><\/p><\/blockquote>\n