OKB is one of the well-known cryptocurrencies in the market. It is backed by one of the leading cryptocurrency exchanges – OKEx exchange – as well as OK blockchain. The cryptocurrency has had immense growth in the bull run of 2021. OKB coin was operating in single figures before the bull run and reached towards a record high of $44.17. Nearly all of the growth during the bull run had been reversed as the market crashed but the cryptocurrency has turned bullish, once again. The trend in the general crypto market has reversed and the upcoming days can prove to be good for OKB. 

At the time of writing, OKB coin stands at a price level of $21.89. The price of the cryptocurrency has grown increasingly volatile as the market bounces between buyers and sellers’ dominance. In the daily timeframe, the cryptocurrency has fallen by more than 2% while the trading volume has surged by nearly 60%. OKB stands at a rank of 84 in terms of size with a market capitalization of $1.3 billion. 

What is OKB coin? 

OKB is the native token of OK blockchain as well as OKEx exchange. OKEx is a Maltese crypto exchange and is one of the leading ones in the market. OKEx offers plenty of trading services including spot, futures, margin, perpetual and options. OKEx exchange ranks third in liquidity and fourth in trading volume. It is a behemoth of an exchange which surpassed all major exchanges except for BitMEX in BTC futures open interest in April. The exchange also has a diversified pool of products including services for staking and other cryptocurrency-related financial services. 

OKB coin is the utility token of the exchange and is used to calculate and pay trading fees as well as grant voting and governance rights along with staking rewards. 

What is the future of the token? 

The cryptocurrency market is flooded with altcoins and it becomes difficult to differentiate the legitimate coins from the shams. So, as a rule of thumb the underlying technology of a cryptocurrency is given more importance. As the working of OKB coin is similar to BNB coin, the OKEx exchange can propel the cryptocurrency upwards. 

The price predictions for the cryptocurrency are bullish. According to the estimates of Wallet Investor, OKB coin is expected to be trading hands at $33 and the upward trend is expected to continue and reach towards $88 in five years’ time – an increase of 300%. Digital Coin Price also expects an upward trajectory for OKB. Per their projections, the cryptocurrency is expected to operate at $76.