OKB Price Prediction, will OKB’s price hit $24.89?
OKB’s price at the same time last week was $43.90. It has moved by -0.90% in the past week and is currently at $42.94. Infact, in the past 24 hours, OKB has pumped by 0.12%. There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and OKB could hit $53.05 in 2024.
The total circulating supply of OKB as of writing this article was $60,000,000 and the marketcap of OKB remains at $2,576,156,734.
Disclaimer
For some coins with little to no data points and inexistent historical data the model by default will show a positive price prediction. There is no way for our AI bot to decipher whitepaper, tokenomics and team integrity. The coin's price that you are about to see below can fall drastically depending on many factors, so please invest wisely after checking the team and project's whitepaper. This current price prediction is done by a machine crunching numbers and the model is still in the early beta stages. It should strictly not be taken as an investment advice. Although the best engineers are currently tweaking and updating the algorithm, no human has verified the price predicted below, so please use your discretion and make a decision wisely.
About OKB
OKB: An overview
Source: OKX.com
OKB is the utility token of the OKX ecosystem. This ERC-20 token plays a major role in synching various products and services available at OKX for its users. Thanks to the regular buy-back and burn initiative, OKB is also a deflationary token by its core structure.
The token has a total supply of 300 million and provides many benefits for OKX users, such as discounts on trades, earning interest, etc. Some of its other functions on OKX are lending, margin trading, buying non-fungible tokens (NFTs), and more. As of March 01, 2023, 5,85,45,001.93 OKB have already been burned.
OKB's journey: The rebranding of OKEx to OKX
Source: OKX/Twitter
Formerly known as OKEx, OKX is a global cryptocurrency exchange founded in June 2017 by Mingxing 'Star' Xu, offering cryptocurrency to cryptocurrency trading services. In January 2022, OKEx was rebranded to OKX as it has evolved to suit decentralized services.
Star Xu studied at the University of Science and Technology in Beijing and Renmin University in China. Jay Hao serves as the current CEO of OKX. Hao was inspired to work in the finance sector by watching his immigrant father struggle in America.
With an aim to connect prospective digital asset projects to OKX users and professional investors, OKB was created by the OK Blockchain Foundation in March 2018. The foundation also has its own blockchain, OKC, which uses a separate OKT token for fees, governance, and decentralized finance (DeFi) projects.
Currently based in Malta, OKB was initially planned to have 1 billion tokens, but instead, it burned 700 million tokens unreleased in an unusual move.
Other key developments
Source: OKX.com
OKB has achieved a lot within the past few years. Here's a look into some of OKB's major developments:
- In June 2020, OKX announced the TrueChain & OKB ecosystem cooperation proposal
- In June 2020, OKB was listed on Changelly
- In July 2020, OKB added four new partnerships (HaasOnline, Cryptohopper, MyWish, and Saturn Network) to provide increased value for token holders
- In September 2020, OKX announced that its cryptocurrency project accelerator, OKX Jumpstart, would support OKB mining on its platform
- In September 2020, OKX Jumpstart's first mining project saw more than 10 million OKB staked in six minutes
- In December 2020, OKB completed its record-breaking tenth round of Buy-Back & Burn
- In December 2020, OKB teamed up with crypto payments service, NOWPayments
- In December 2020, OKX announced the mainnet launch of OKC along with ways to earn its native OKT token
- In August 2021, 100 OKB tokens were announced for India's golden athlete, Neeraj Chopra
- In January 2021, OKB price hit an all-time high as users enjoyed OKT mining rewards
- In January 2023, OKX launched its Copy Trading tool, enabling users to duplicate winning strategies from top traders.
- In March 2023, OKX wallet integrated its 50th blockchain.
OKB Price Analysis
On the weekly chart, OKB appeared to be dominated by bulls. The trading volume has been generally low since May 2022, although the price has seen significant fluctuations throughout the year. At the time of writing, the trading price for the token was $42.45.
OKB Weekly Chart
From April 2022 to October 2022, the price of OKB was consolidated and traded within the range of $11.4 to $20. The former proved to be a good support level. As the bulls started to rally, the price saw a major spike starting in November 2022 after breaking the $20.80 support level, which had been tested twice. The price continued to rise until February 2023, when it reached its peak price of $58.85. $53.16 established itself as the peak resistance level for the price.
A surge was observed in the trading volume from April 2022 to May 2022. After that, the volume declined and remained relatively low till March 2023.
The Exponential Moving Averages (EMA) also indicated that the buying pressure was overpowering the selling pressure. A bearish crossover was observed in May 2022, as the 50-week EMA crossed over the 20-week EMA and the price.
However, in November 2023, as the price broke out of its consolidation phase, a bullish crossover was observed. The 20 EMA went over the 50 EMA, and the price also climbed over them. This crossover suggested a possible uptrend and strong bullish momentum.
A similar pattern was followed by the Directional Movement Index (DMI). Up until July 2022, the negative directional indicator (-DI) stayed above the positive directional indicator (+DI) line and the Average Directional Index (ADX), indicating that the bears were running the show.
However, the +DI line managed to climb over the -DI line after July 2022, indicating that the bulls were starting to get stronger. The ADX line also started to rise, indicating that the market was trending strongly in a bullish direction.
Should you consider buying OKB?
The OKB weekly chart indicates a predominantly bullish market over the analyzed period, especially after November 2022. Key indicators such as the DMI and EMAs support this bullish sentiment. However, traders should monitor the volume and any potential reversals in the market.
Traders can look to buy OKB at around $38.91, which has also established itself as a recent support level. However, a drop below this support will likely see the token retract to $20.
OKB Price Prediction
OKB has had an eventful 2021. To simplify the latest OKB price prediction, we have divided up the prediction by short term OKB price prediction and long term OKB price prediction. As of writing this article, OKB had a trading volume of $2,706,750. OKB has gone down by -0.10% in the past 30 days.
According to our analysis in the short term, OKB price prediction for November 2023 shows the average price of OKB at $19.85 and the highest possible price for November 2023 would be $21.24.
Further, according to our analysis in the long term, OKB price prediction for March 2024 shows the average price of OKB at $46.57 and the highest possible price for March 2024 would be $49.83.
OKB's Short Term Price Prediction
| Date | Avg Price | Lowest Price | Highest Price |
| 29 Sep 2023 | $41.98 | $39.04 | $44.92 |
| 30 Sep 2023 | $41.90 | $38.97 | $44.84 |
| 1 Oct 2023 | $41.81 | $38.89 | $44.74 |
| 2 Oct 2023 | $41.49 | $38.58 | $44.39 |
| 7 Oct 2023 | $38.76 | $36.04 | $41.47 |
| 12 Oct 2023 | $34.22 | $31.83 | $36.62 |
| 22 Oct 2023 | $23.15 | $21.53 | $24.77 |
| November 2023 | $19.85 | $18.46 | $21.24 |
| December 2023 | $20.74 | $19.29 | $22.19 |
OKB price prediction 29 Sep 2023: OKB’s price for 29 Sep 2023 according to our analysis should range between $39.04 to $44.92 and the average price of OKB should be around $41.98.
OKB price prediction 30 Sep 2023: OKB’s price for 30 Sep 2023 according to our analysis should range between $38.97 to $44.84 and the average price of OKB should be around $41.90.
OKB price prediction 1 Oct 2023: OKB’s price for 1 Oct 2023 according to our analysis should range between $38.89 to $44.74 and the average price of OKB should be around $41.81.
OKB price prediction 2 Oct 2023: OKB’s price for 2 Oct 2023 according to our analysis should range between $38.58 to $44.39 and the average price of OKB should be around $41.49.
OKB price prediction 7 Oct 2023: OKB’s price for 7 Oct 2023 according to our analysis should range between $36.04 to $41.47 and the average price of OKB should be around $38.76.
OKB price prediction 12 Oct 2023: OKB’s price for 12 Oct 2023 according to our analysis should range between $31.83 to $36.62 and the average price of OKB should be around $34.22.
OKB price prediction 22 Oct 2023: OKB’s price for 22 Oct 2023 according to our analysis should range between $21.53 to $24.77 and the average price of OKB should be around $23.15.
OKB price prediction November 2023: OKB’s price for November 2023 according to our analysis should range between $18.46 to $21.24 and the average price of OKB should be around $19.85.
OKB price prediction December 2023: OKB’s price for December 2023 according to our analysis should range between $19.29 to $22.19 and the average price of OKB should be around $20.74.
OKB's Long Term Price Prediction
OKB’s long term Price Prediction below is a look at OKB’s future prospect with regards to price. OKB was last seen at $42.94, with a market cap of $2,576,156,734 and trading volumes of $2,706,750. OKB’s price prediction is possible by analyzing historical price action, current developments and social sentiment from the community.
| Years | Avg Price | Lowest Price | Highest Price |
| 2023 | $20.74 | $16.59 | $24.89 |
| 2024 | $44.21 | $35.37 | $53.05 |
| 2025 | $58.36 | $46.69 | $70.03 |
| 2026 | $77.03 | $61.62 | $92.44 |
| 2027 | $101.68 | $81.34 | $122.02 |
| 2028 | $134.22 | $107.37 | $161.06 |
| 2029 | $177.17 | $141.73 | $212.60 |
| 2030 | $233.86 | $187.09 | $280.63 |
| 2031 | $308.70 | $246.96 | $370.44 |
| 2032 | $407.48 | $325.98 | $488.98 |
| 2033 | $537.87 | $430.30 | $645.45 |
| 2034 | $709.99 | $567.99 | $851.99 |
OKB price prediction 2023: OKB’s price for 2023 according to our analysis should range between $16.59 to $24.89 and the average price of OKB should be around $20.74.
OKB price prediction 2024: OKB’s price for 2024 according to our analysis should range between $35.37 to $53.05 and the average price of OKB should be around $44.21.
OKB price prediction 2025: OKB’s price for 2025 according to our analysis should range between $46.69 to $70.03 and the average price of OKB should be around $58.36.
OKB price prediction 2026: OKB’s price for 2026 according to our analysis should range between $61.62 to $92.44 and the average price of OKB should be around $77.03.
OKB price prediction 2027: OKB’s price for 2027 according to our analysis should range between $81.34 to $122.02 and the average price of OKB should be around $101.68.
OKB price prediction 2028: OKB’s price for 2028 according to our analysis should range between $107.37 to $161.06 and the average price of OKB should be around $134.22.
OKB price prediction 2029: OKB’s price for 2029 according to our analysis should range between $141.73 to $212.60 and the average price of OKB should be around $177.17.
OKB price prediction 2030: OKB’s price for 2030 according to our analysis should range between $187.09 to $280.63 and the average price of OKB should be around $233.86.
OKB price prediction 2031: OKB’s price for 2031 according to our analysis should range between $246.96 to $370.44 and the average price of OKB should be around $308.70.
OKB price prediction 2032: OKB’s price for 2032 according to our analysis should range between $325.98 to $488.98 and the average price of OKB should be around $407.48.
OKB price prediction 2033: OKB’s price for 2033 according to our analysis should range between $430.30 to $645.45 and the average price of OKB should be around $537.87.
OKB price prediction 2034: OKB’s price for 2034 according to our analysis should range between $567.99 to $851.99 and the average price of OKB should be around $709.99.
A Historical look at OKB, OKB’s price:
OKB/USD Pair
OKB/EUR Pair
FAQs about OKB
OKB’s current price is $42.94 and witnessed a 0.12% increase in the past 24 hours. OKB/BTC pair saw a -0.66% decrease in the past 24 hours.
Investing in OKB, OKB will purely depend on your personal risk appetite. As you can see over the past 24 hours OKB’s price has witnessed a 0.12% increase and over the past 30 days OKB has decreased by -0.10%. So it all depends on if this investment will hit your trading goals.
According to our latest OKB Price prediction for 2023, OKB should vary between $24.89 and $16.59 Please keep in mind that the crypto market is very volatile and this OKB price prediction does not account for extreme wild swings in price.
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According to the OKB Price Prediction model above, OKB’s price in 2024 would be $44.21. This price would however would range from $53.05 and $35.37.
According to the OKB Price Prediction model above, OKB’s price in 2025 would be $58.36. This price would however would range from $70.03 and $46.69.
According to the OKB Price Prediction model above, OKB’s price in 2026 would be $77.03. This price would however would range from $92.44 and $61.62.
According to the OKB Price Prediction model above, OKB’s price in 2027 would be $101.68. This price would however would range from $122.02 and $81.34.
According to the OKB Price Prediction model above, OKB’s price in 2028 would be $134.22. This price would however would range from $161.06 and $107.37.
According to the OKB Price Prediction model above, OKB’s price in 2029 would be $177.17. This price would however would range from $212.60 and $141.73.
According to the OKB Price Prediction model above, OKB’s price in 2030 would be $233.86. This price would however would range from $280.63 and $187.09.
According to the OKB Price Prediction model above, OKB’s price in 2031 would be $308.70. This price would however would range from $370.44 and $246.96.
According to the OKB Price Prediction model above, OKB’s price in 2032 would be $407.48. This price would however would range from $488.98 and $325.98.
According to the OKB Price Prediction model above, OKB’s price in 2033 would be $537.87. This price would however would range from $645.45 and $430.30.
According to the OKB Price Prediction model above, OKB’s price in 2034 would be $709.99. This price would however would range from $851.99 and $567.99.
The highest price for OKB was recorded in 18th February 2023 during which OKB hit an All Time High of $58.66
The price of 1 OKB according to current market rate is $42.94
