OKX, a crypto exchange that has been gaining traction since the FTX crash, is seeing its ecosystem tokens make a big rebound in 2023 as the market rebounds with increased resilience.
On Monday, January 2, CoinGecko data showed OKB/USD and OKT/USD tokens rising by double digits. OKB was priced at $30.34, while OKT was at $28.88.
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The OKB and OKT tokens saw gains as the overall crypto market capitalization rose by more than 2% to over $842 billion. Bitcoin and Ethereum prices remained above their respective support levels of $16,800 and $1,200.
OKX Utility Token Increases by 30% in a Week
Recently, analysts noted that OKB continues to be one of the most popular rising coins, even though the crypto market is still recovering from the 2022 bear market fall. OKB/USD rose by 13% in the 24 hours before 04:00:20 AM ET. The token’s price has risen by more than 30% in the last seven days.
OKX, the utility token for the OKX Exchange, is part of the Asian trading hours of the platform. The exchange recently opened its OKX Bot Marketplace which allows users to grow their portfolios with zero fees. Traders can use the bot to copy the best performing strategies and make profits. The tool is accessible with just three clicks.
OKT Price Increases by 60% in a Month
OKT, OKX Chain’s native token, has seen some bullish activity in recent days. At the time of writing, the token was up 11% to $28.52. The OTK token is now at its highest price level since the OKX Chain’s Liquid Staking Protocol was introduced on December 20, 2022. The Liquid Staking Protocol offers users an APR of 40%.
OKT reached $28.88 on Monday and has seen a 16% increase in the past week and a 60% rise in the last 30 days.
