OKB
1. Fundamental Analysis
1.1 Introduce
OKB is a global utility token issued by the OK Blockchain Foundation. It is a token economy designed and launched by a world-class development team based on blockchain technology. OKB is set to connect prospective digital asset projects to OKEx users as well as professional investors, creating an OKEx eco that helps to advance the development of blockchain technology and the digital asset industry. Currently, the total supply of OKB is 300 million. We will listen to OKB holders’ suggestions for the OKB eco development.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | OKB | Market Cap | 2949000000 |
| Name | OKB | White Paper | -- |
| Web Site | https://www.okex.me/okb/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 300000000 | |
| Supply | 300000000 | Release Date | 2018-03-01 |
| Available Supply | 60000000 |
2. Technical Analysis
2.1 Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2025-01-01 | 49.16 | 49.83 | 49.15 | 49.32 | 951.57608 |
| 2024-12-31 | 50.17 | 50.3 | 49.16 | 49.16 | 45704.76257 |
| 2024-12-30 | 50.04 | 51.58 | 48.96 | 49.9 | 42542.1054 |
| 2024-12-29 | 53.13 | 53.45 | 49.22 | 50.0 | 28166.45724 |
| 2024-12-28 | 52.25 | 56.59 | 52.13 | 53.2 | 73281.68885 |
| 2024-12-27 | 50.21 | 52.73 | 49.29 | 52.29 | 303700.60684 |
| 2024-12-26 | 47.95 | 53.48 | 47.55 | 50.19 | 673590.33514 |
| 2024-12-25 | 47.42 | 47.95 | 45.83 | 47.87 | 22295.44219 |
| 2024-12-24 | 46.22 | 47.95 | 45.4 | 47.4 | 34301.33147 |
| 2024-12-23 | 44.71 | 46.37 | 44.69 | 46.01 | 20631.98776 |
| 2024-12-22 | 44.93 | 45.69 | 44.54 | 44.9 | 9680.77478 |
| 2024-12-21 | 46.19 | 47.98 | 44.18 | 45.13 | 13487.95212 |
| 2024-12-20 | 45.72 | 46.11 | 41.83 | 46.11 | 57935.36377 |
| 2024-12-19 | 48.94 | 49.09 | 45.06 | 45.74 | 54169.48857 |
| 2024-12-18 | 52.86 | 52.86 | 48.42 | 48.66 | 49656.15346 |
| 2024-12-17 | 53.65 | 53.72 | 52.43 | 52.67 | 215312.97362 |
| 2024-12-16 | 54.49 | 55.19 | 53.34 | 53.71 | 28895.24484 |
| 2024-12-15 | 53.39 | 54.76 | 53.1 | 54.51 | 9593.71277 |
| 2024-12-14 | 55.08 | 55.49 | 53.0 | 53.39 | 7173.78789 |
| 2024-12-13 | 55.17 | 55.26 | 53.42 | 54.77 | 59254.39521 |
| 2024-12-12 | 55.14 | 58.0 | 54.78 | 54.89 | 27277.15466 |
| 2024-12-11 | 52.55 | 55.31 | 51.72 | 55.09 | 63464.71548 |
| 2024-12-10 | 54.71 | 55.31 | 50.53 | 52.85 | 156151.35539 |
| 2024-12-09 | 59.9 | 59.91 | 53.59 | 54.59 | 119818.36006 |
| 2024-12-08 | 59.72 | 60.15 | 58.28 | 59.9 | 31323.2982 |
| 2024-12-07 | 59.33 | 61.26 | 59.02 | 59.86 | 94874.42937 |
| 2024-12-06 | 56.69 | 61.61 | 56.57 | 59.37 | 178210.65504 |
| 2024-12-05 | 58.0 | 59.9 | 55.38 | 57.03 | 197488.59131 |
| 2024-12-04 | 63.23 | 63.23 | 56.86 | 57.97 | 354002.73097 |
| 2024-12-03 | 54.43 | 64.1 | 52.7 | 63.05 | 231584.62179 |
2.2 Analysis
The recent price action shows a period of consolidation following a significant upward trend, punctuated by a substantial pullback. While short-term volatility is expected, the underlying trend suggests a continuation of the upward movement. However, resistance levels may be encountered before a sustained upward trajectory resumes. Further analysis is needed to confirm the breakout and projected target prices. Increased volume during periods of price increase supports the bullish outlook but requires monitoring for confirmation. A sustained break below key support levels could indicate a potential reversal. Overall, the outlook is cautiously bullish, with potential for further upward movement contingent upon overcoming resistance and maintaining sufficient volume.
3. News Analysis
3.1 News
20241226
- Data: OKB breaks $50 ↑
20241207
- OKB’s market value has reached 9.6 billion US dollars, and the 26th destruction was completed recently ↑
20241206
- OKX completed the 26th OKB destruction on December 6, totaling approximately 1,848.86 OKB ↑
20241204
- Data: OKB breaks above $60 ↑
3.2 Analysis
Conclusion: OKB, the native token of the OKX exchange, experienced significant price appreciation and market capitalization growth in late December 2024. The price surge, exceeding both $50 and $60, correlates with a series of planned OKB token burns, culminating in the 26th burn event on December 6th, totaling nearly 1,848.86 OKB. This suggests a positive market sentiment driven by deflationary pressure and possibly increased investor confidence in the OKX ecosystem. Future trends indicate potential for continued price appreciation, dependent on sustained trading volume, further token burns, and broader cryptocurrency market conditions. However, the volatility inherent in the cryptocurrency market necessitates caution in predicting long-term price trajectories. The current data strongly suggests a short-term positive outlook for OKB, but sustained growth will require ongoing positive market sentiment and further developments within the OKX ecosystem.
