Given that OKB is defying gravity at a time when the values of other digital currencies are falling, its innate perception as one of the top performing exchange tokens is growing. For OKB, the 2.6% daily rise has further enhanced the above 14% increase it has been maintaining over the previous week.
As a point of comparison, the most popular digital currency in the world, Bitcoin (BTC), is down 9.38% for the week, while rivals Binance Coin (BNB) and KuCoin (KCS) have both declined by more than 6%.
The reasons for OKB’s rise are not implausible, and although its longer-term prospects are influenced by its ecosystem expansion plan, the present positive upsurge is based on the most recent support for the much anticipated Sui protocol mainnet debut. As stated by OKX, it will actively participate in the April 23 auction of the Sui Token on its platform.
Only users who own OKB tokens are eligible for this support, according to the trading website. The level to which the OKX community intends to participate in the token sale is demonstrated by the evident buy-up and green spike in OKB.
Building on OKB Chain
The newly established OKB Chain, which was floated by the exchange last month, is on pace to generate innovations, and the OKB coin is poised to profit from them as an integrated ecosystem.
The usefulness around the digital token is certain to soar in the near future since OKB is built to act as the ecosystem’s unifying token and more entrepreneurs are expected to come develop on the OKB Chain.
Another significant factor influencing the widespread adoption of the digital asset is the OKB token’s most recent performance, which has left more than 90% of its investors in profit. Overall, OKB has all the necessary elements in place to maintain its recent positive growth trend.
