OKB Chain by OKX Goes Live in Testnet: Details

Major cryptocurrency exchange OKX has announced the launch of its new blockchain in a test network. The innovation, called OKB Chain (OKBC), is a Layer 2 EVM solution with which OKX intends to take the ecosystem in a decentralized direction and expand there.

Timeline of Okb,

OKB price is rising and was up by about 2.30% trading at about $42.17 after a month of a bear market. Today's surge has caught a majority of crypto traders by surprise since the token has been bearish for the most part of March.

OKB is gearing up for the $50 level as it registers successive price gains over the past few days. The token's impressive moves sparked speculations that it might soon touch $50 or above.

While the majority of the cryptocurrency market is back to swimming in the sea of red as it continues to feel the aftershocks of the FTX collapse, some digital assets have remained strong and even recorded double-digit weekly gains as others have struggled.

OKB, the native token of the OKX Exchange, has recorded substantial gains today in a bearish crypto market. The utility token saw a price surge of 4.63% on the day, registering a local high of $20.80.

Thanks to the FTX/Alameda saga, the crypto market has taken a nosedive, dragging everyone along. But while the entire market bleeds, OKB, the native token of OKX exchange, has held on to substantial weekly gains.

The price of OKB has risen by 25% in the past 24 hours, reaching $20.35 and confirming a 30% increase in the last seven days. The utility token has risen on the back of the growth of its native OKX exchange, which has launched various new products in recent weeks and months, including block trading.

In this article, BeInCrypto takes a look at the five cryptocurrencies that decreased the most over the past seven days, more specifically from May 27 to June 3.  The post OKB Creates Bullish Pattern After New Yearly Low: Biggest Weekly Losers appeared first on BeInCrypto.