In gentle of its current run to the upside that has seen the OKB token acquire over 23% within the final week and practically 35% within the final month, regardless of a broadly stagnant broader cryptocurrency market, buyers are asking whether or not it’d now be too late to purchase the cryptocurrency. Have the straightforward features additionally been printed? Can the rally be sustained? For essentially the most half, price predictions stay bullish.
OKB/USD was final altering fingers near $29 per token, down about 1% within the final 24 hours because the current rally takes a breather on Tuesday, the primary correct buying and selling day in US markets of the 12 months. OKB, an ERC-20 utility token that offers its holders numerous advantages and reductions on the OKX exchange, has been rallying since the collapse of rival exchange FTX in early November.
Coinbase ranks OKX because the ninth-best cryptocurrency change primarily based on elements resembling liquidity and volumes. One dealer going by the identify of @ayush_nfa on Twitter identified OKB bullish chart construction.
Regardless of noting that complete worth locked (TVL) in Decentralized Finance (DeFi) sensible contracts on the OKExChain stays “too low”, @ayush_nfa famous that good developments surrounding the chain may but make it a success.
From a buying and selling perspective, the above famous upside break of the downtrend that had been in play since mid-2021 means the door stays open for additional upside. Bulls will possible be focusing on a check of resistance within the $33 space.
Value Prediction – Can OKB Hit Document Highs?
In the meantime, OKB’s document highs are “simply” round 55% up versus present ranges (not that a lot on this planet of altcoins). Ought to optimism concerning the OKX change proceed and will we additionally see an enchancment within the broader tone of cryptocurrency, maybe if US macro developments this week end in an easing of Fed tightening expectations, then OKB may nicely be taking a look at a sustained push above $30 and to its late 2021 highs within the $33 space.
A break above right here would open the door to a speedy bounce to the cryptocurrency’s document highs round $44. The cryptocurrency’s extremely overbought relative energy index (RSI) studying, nevertheless, means that situations can be uneven, with merchants more likely to need to guide revenue in gentle of current features.
However some merchants are cautious on the cryptocurrency, given it’s the token issued by a centralized cryptocurrency change, that are understandably beneath greater regulatory scrutiny in wake of the spectacular collapse of FTX final November.
Altcoins to Think about
With the broader cryptocurrency market nonetheless struggling in early 2023, merchants/buyers is likely to be seeking to diversify their holdings with belongings that stand a greater likelihood of posting short-term features. Here’s a record of a few of Cryptonews.com’s favourite presale tokens of extremely promising crypto tasks.
Battle Out (FGHT) – Presale Launches
Battle Out, a brand-new move-to-earn (M2E) health software and gymnasium chain that seeks to carry the health life-style into web3, has opened its pre-sale and buyers suppose the mission may remodel the present web3 M2E panorama. Whereas present M2E functions resembling STEPN solely monitor steps and require costly non-fungible token (NFT) buy-ins to participate, Battle Out takes a extra holistic strategy to monitoring and rewarding its customers for his or her train and exercise, and doesn’t require any costly buy-ins to participate.
Battle Out’s FGHT tokens are presently promoting for 60.06 per 1 USDT, and buyers are inspired to maneuver quick to safe their tokens, with the pre-sale having already raised practically $2.6 million in just some weeks. FGHT is the token that may energy the Battle Out crypto ecosystem.
Sprint 2 Commerce (D2T) – Presale Enters Last Stage
These considering investing in a promising crypto buying and selling platform start-up ought to look no additional than Sprint 2 Commerce. The up-and-coming analytics and social buying and selling platform hopes to take the crypto buying and selling area by storm with its host of distinctive options.
These embrace buying and selling alerts, social sentiment and on-chain indicators, a pre-sale token scoring system, a token itemizing alert system and a technique back-testing software. Sprint 2 Commerce’s ecosystem can be powered by the D2T token, which customers might want to purchase and maintain as a way to entry the platform’s options.
Sprint 2 Commerce is presently conducting a token pre-sale at extremely discounted charges and gross sales lately surpassed $12.6 million, with over 94% of tokens now gone. The pre-sale dashboard goes to be launched quickly, with the event crew presently operating forward of schedule. Tokens are presently promoting for $0.0533 every and can be listed on a number of centralized exchanges beginning this month.
C+Cost (CCHG) – Presale Now On
The carbon credit score trade is projected to be value $2.4 trillion by 2027. Democratizing entry to accrue these advantages goes to large enterprise within the years forward and that is one thing crypto start-up C+Cost hopes to realize. C+Cost is presently constructing a blockchain-based Peer-to-Peer (P2P) fee system for EV charging stations that may permit the drivers of electrical autos (EVs) to earn carbon credit.
C+Cost goals to spice up the function of carbon credit as a key incentive for the adoption of EVs. At current, massive producers of EVs like Tesla earn hundreds of thousands from promoting carbon credit to polluters. C+Cost needs to democratize the carbon credit score market by permitting extra of those rewards to seek out themselves within the fingers of the EV homeowners, fairly than simply the massive companies.
C+Cost has simply began its pre-sale of the CCHG token that its platform will use to pay at EV charging stations. Tokens are presently promoting for $0.013 every, although by the tip of the presale it will have risen by 80%. Thus, buyers considering getting in early on a promising environmentally pleasant cryptocurrency mission ought to transfer quick.
