In this guide, we will voice our own and market’s opinion on OKB future while discussing OKB price forecast for 2024 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like OKB.
Now, let’s head into it. Before we delve deep into the OKB price prediction and answer questions if OKB is a good investment or not, why will OKB succeed or fail or why will OKB price rise or drop, let’s quickly throw a glance at what is OKB and its to date history.
What you'll learn 👉
What is OKB Token?
OKB is a global utility cryptocurrency is issued by OK Blockchain Foundation.
OKB is a cryptocurrency released by the OK Blockchain Foundation and Maltese crypto exchange, OKEx. The exchange is one of the largest in the world and currently ranks third in liquidity, fourth in trading volume, and provides a wide selection of trading pairs. OKEx is similar in many aspects to the cryptocurrency exchange giant Binance, but there are a few key differences.
OK Blockchain Foundation is a token economy system designed and launched by our world-class development team based on blockchain technology. OKB is set to connect prospective digital asset projects to OKEx users as well as professional investors, creating a OKEx ecosystem that helps to advance the development of blockchain technology and the digital asset industry. Currently, the total supply of OKB is 300 million. We will listen to OKB holders’ suggestions for the OKB ecosystem development.
OKB Price Prediction For The Next 90 Days
The cryptocurrency industry has faced increased regulation in 2023, with the SEC and Department of Justice pursuing legal action against major players. This crackdown signals the end of cryptocurrency unbridled early years, as traditional financial institutions enter the market and call for clearer rules. In 2024, significant regulatory clarity is expected. Several factors have fueled this crypto rebound last year. Most notably, Ripple Labs won a key legal victory against the SEC in June, leading to a short-lived price bounce. Renewed institutional interest has also provided a boost, with major firms like BlackRock pushing for Bitcoin ETF approval in late 2023. Bitcoin ETF approvals were done in early January 2024, setting a positive tone for the market. Analysts had predicted the SEC would decide on Bitcoin ETF applications between January 5th and 10th, 2024, potentially catalyzing industry growth. The approvals have been seen as a significant step towards mainstream acceptance and have sparked optimism among investors and traders alike. Now, attention is turning towards both pre and post-halving rallies, with the BTC halving scheduled for April 2024, which is expected to further boost Bitcoin, Ethereum, and the broader crypto market. Looking ahead, proposed 2024 changes like new accounting rules for crypto assets and less hawkish central bank policies could impact markets. Updated accounting standards may allow more corporate Bitcoin reserves. Meanwhile, forthcoming Treasury Department cryptocurrency tax guidelines, applying by 2025, could transform regulations around decentralized finance, NFTs, and digital wallets. ETF approvals have proven complex but present future investor opportunities if SEC concerns can be addressed. Bitcoin has more than doubled in 2023, with the recent Wall Street earthquake and upcoming halving expected to further boost Bitcoin, Ethereum, and the broader crypto market. By passing $50,000 for the first time since 2021, Bitcoin has climbed over 200% year-to-date. Ethereum has also grown following ETF approvals since now many anticipate ETH ETF approvals could be next. The majority of investors, traders, and crypto influencers are hopeful that the real crypto bull run will finally commence in late 2024, bolstered by the recent ETF approvals and anticipation of the upcoming Bitcoin halving event.
Below is a tabular overview of how will OKB develop in the short-term (for the next 90 days), according to our prediction model:
OKB Price Prediction 2024
Our prediction model sees a temporary switch to a bear market at the beginning of 2023 before we move onto another leg up in Q3 & Q4 of 2023.
OKB Price Prediction 2025 – 2030 – 2040
Our prediction model sees OKB reaching new highs in 2025:$180.36
OKB price in 2030 & 2040 should be a couple of orders of magnitude higher than our 2025 prediction.
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