cryptonews.net
OKB is trading at $52.98 at the time of writing, up 12.34% over the past seven days, according to CoinMarketCap. The surge in price has left many investors and analysts curious about the factors contributing to OKB’s bullish momentum, especially given the general downward trend in the cryptocurrency market in recent weeks.
Two key factors can be identified, the first of which is the announcement of the SUI blockchain and its integration with OKX. OKB holders will be able to purchase SUI tokens at a discounted price, resulting in a significant increase in trading volume.
The second factor influencing the price of OKB is the upcoming launch of OKBChain, a L2 network on Ethereum that will use ZK technology. On the new network, OKB will be used as a token for paying for gas, which will strengthen its role in the OKEx ecosystem.
Image: The Market Periodical