{"id":527582,"date":"2023-04-19T14:50:33","date_gmt":"2023-04-19T14:50:33","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=527582"},"modified":"2024-06-11T14:35:32","modified_gmt":"2024-06-11T14:35:32","slug":"okb-token-shines-with-23-gains-on-weekly-chart-whats-pushing-it","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/okb-token-shines-with-23-gains-on-weekly-chart-whats-pushing-it\/","title":{"rendered":"OKB Token Shines With 23% Gains On Weekly Chart, What’s Pushing It?\u00a0"},"content":{"rendered":"
Despite the bearish price trend across coins in the crypto market today, OKB retained a nearly 23% gain on the <\/span>weekly chart<\/span>. This price behavior demonstrated the token’s resilience even as the global crypto market cap tanked by over 4%.\u00a0<\/span><\/p>\n Although OKB has registered some price drops today, it traded bullish yesterday, closing at 4.62% gains. Its trading volume has increased by 54.47%, depicting increased network activity. The Sui airdrops on the OKX web3 wallet after its mainnet launch must have increased user activity for OKB.<\/span><\/p>\n Sui Network is a layer-1 blockchain and Smart Contract platform designed to scale digital asset ownership. Sui makes crypto assets ownership fast, secure, private, and easily accessible to everyone.\u00a0<\/span><\/p>\n Related Reading: These Top 5 Cryptos Are Thriving Despite A Slippery Market<\/a><\/p>\n Sui’s mainnet launch comes up in Q2 of 2023, and the network <\/span>provided<\/span><\/a> $5,000 worth of Sui token airdrops to OKX users. This could be fueling the rally in OKB price.<\/span><\/p>\n Aside from the Sui token airdrop, the OKB ecosystem <\/span>promotes Web3 gaming<\/span><\/a> activities. That could be another factor pushing OKB’s price as the Web3 space rapidly expands.<\/span><\/p>\n Following <\/span>historical data<\/span><\/a>, OKB has recorded an incredible price increase since the start of April. As of April 4, OKB traded at $40.77. It started rising gradually to $43.43 on April 13. Then on April 14, the token experienced a massive price surge of 16%, pushing it to $50.45 within 24 hours.<\/span><\/p>\n It didn’t end there. The token continued rising bullishly and hit $55.88 on April 15, another 10% price increase in 24 hours. Unfortunately, OKB experienced a slight pullback from $55.88 to $53.17 on April 16. It quickly recovered momentum and rose by 4.62% from $52.32 on April 17 to $54.73 on April 18.<\/span><\/p>\n OKB\u2019s bullish price movement is why it could retain a 23.75% increase over the past seven days despite the market-wide downturn. At press time, <\/span>OKB is trading<\/span><\/a> at $51.80, with a high of $55.09 and a low of $51.30 over the past 24 hours.\u00a0<\/span><\/p>\nWhat Could Be Pushing OKB\u2019s Price?<\/h2>\n