With holding strong at $7,500 and poised nicely for its third block halving scheduled for early next month, the altcoins are looking for a way out. Litecoin and the ‘Ethereum competitor’ Tron are looking for a squeeze-out while OKB, the native token of the digital assets exchange OKEx, is still struggling. Litecoin [LTC] Source: via TradingView The seventh-largest cryptocurrency in the market has been trading steadily upwards, mounting a strong recovery since the collective fallout of the previous month. After dropping to a low of $29.85, LTC bounced off its support and began trending in a rising wedge. , priced at $43.95 at the time of writing, is still over $20 short of its price at the beginning of March. The resistance levels for the coin lay at $53.72 and $57.96, respectively. The Bollinger Bands for the altcoin pointed to a gradual decline in volatility as the bands were moving closer, while the average line was observed to be still below the price. The recent rumors around North Korean dictator Kim Jong-un’s health have caused cryptocurrency investors to fear a sell-off. The hermit kingdom is to have $670 million in foreign and cryptocurrencies. In fact, a by Recorded Future suggests that North Korea, in addition to mining Bitcoin, has mined two altcoins – Monero and Litecoin. Tron [TRX]  Source: via Trading View The sixteenth-largest cryptocurrency on the market, like Litecoin, has been trading in a rising wedge, although with a larger incline. After bouncing off its support at $0.0085, the cryptocurrency broke another long-term support at $0.012 and was heading up at the time of writing, as per the charts. On the eve of the March crash, TRX was trading at over $0.016. If the aforementioned trend continues, it will break the same in the coming weeks. However, a move out of this wedge and the price could trickle downwards. The MACD line for the moved over the signal line back in late-March, at a time when the recovery began. The same was over 0, at press time. Tron was in the news recently after on 27 April, Samsung announced its support for decentralized applications or DApps developed on the network. OKB  Source: via Trading View The native token of the cryptocurrency exchange has been trading in a tighter spot, when compared to the aforementioned altcoins. OKB has been stuck since 22 April in a descending triangle, with the price declining from a high of over $5. had its immediate support at $4.83, a level which forms the base while a trendline can be seen from as low as $4.76, which the coin crossed on 24 April. The squeeze, however, will look to manifest next week, based on the altcoin’s price trajectory. The Relative Strength Index for the coin has been declining since 24 April, a time when it was over 70. At press time, the RSI had dropped to its press time value of 46.34. OKB’s parent exchange, OKEx, was in the news after it overtook BitMEX in terms of Open Interest on Futures exchanges, with the exchange now accounting for the largest percentage Open Interest among all top derivatives exchanges in the market. Related Topics: Aakash is a full-time cryptocurrency journalist at AMBCrypto covering primarily the US market. A graduate in Finance and Economics, his writing is centered around regulation and institutional investment within the cryptocurrency space. He is also an aspiring triathlete.

What Is OK Exchange? Introduction to OKEx and OKB TokenShutterstockThe world's Okay-est cryptocurrency exchange. By -What Is the OK Exchange?OKEx is one of the leading cryptocurrency exchanges in the world, but you may not recognize it if you live in the U.S., Hong Kong, or or one of the other nearly 20 countries it doesnt service. This Malaysia-based exchange (originally started in China under OKCoin) has a wide selection of trading pairs and is consistently listed in the top three exchanges by trading volume. OKB is the native cryptocurrency token of the OKEx platform.Originally created in China in 2014, the OKEx team is headed by CRO Tim Byun, COO Andy Cheung, and Director Lennix Lai. It quickly expanded by allowing futures trading, spot trading, loans, and a variety of other advanced strategies. The company reports over $1.5 billion worth of BTC futures traded on a daily basis alone.Things havent been all rosy, however, and you dont get to the top without a target on your back. OKEx was widely derided by critics for being involved in wash trading. Lai acknowledged the accusations with Crypto Briefing and explained that the exchange is testing a lot of advanced security features to detect and mitigate suspicious trading. Still, its a beloved platform in crypto, and the 2019 launch and further development of its OKChain blockchain mainnet is furthering the love. This new proprietary blockchain would remove OKB from its current status as an Ethereum ERC-20 token and enable decentralized exchanges on a DEX hosted on the blockchain itself.Its also joining Binance in funding and incubating blockchain-based startups and developing projects through its OKNodes and OK Jumpstart programs. Its also securing partnerships like Caspian, a full-stack crypto trading and risk management platform.Lets take a look at OKBs performance on the cryptocurrency market as the company continues expanding its already-impressive pool of trading partners.OKB Token Cryptocurrency SummaryTheres a total supply 1 billion OKB with 300,000,000 on the market and another 700,000,000 locked until 2022. The peak price of OKB so far was $5.28 on June 19, 2018.Of the 700 million OKB withheld:100 million is allocated to early investors,200 million is allocated to the founding team,100 million is allocated to the OK Blockchain Foundation, and300 million is allocated for community rewards.As of 2019, OKB is an ERC-20 token. A token swap is expected to conclude by the end of 2020. It is a utility token, much like Binance Coin (BNB), and 50 percent of service fee earnings (see below for further fee breakdown) from trades is distributed to OKB hodlers in proportion to individual balances.Holding OKB also entitles you to voting rights, the ability to invest in OKEx-incubated projects, trade on OKDEx, and more.Over $100 million worth of OKB is traded on a daily basis, and major trading pairs include USDT, BTC, and ETH. While the vast majority of OKB is traded on OKEx, its also traded on BKEx, Coinall, DragonEX, and BitMax.The OKEx has its own wallet, although OKB can also be stored (for now) in any ERC20-compatible cryptocurrency wallet, including MyEtherWallet, Trust Wallet, and hardware wallets from Leder, Trezor, and Archos.Ok, Why Two Exchanges?Theres a lot of confusion surrounding the differences between OKCoin and OKEx, especially since both markets are essentially owned/operated by the same organization. The main difference is the types of services offered. China has a complicated financial system for cryptocurrency companies (especially exchanges) to operate in. The government is notoriously bearish on crypto (or tech in general) projects it doesnt like, and a lot of popular brands are banned in China.OKCoin had to create offshore subsidiaries to remain competitive in crypto while still complying with regulations. So essentially OKCoin is a fiat/crypto exchange that supports legacy bank accounts and financial payment tools. This is the consumer bridge to crypto as currency, so think of OKCoin as more akin to a bank.OKEx, on the other hand, is more like Wall Street markets, with futures and spot trades occurring between strictly digital assets. Its a market that supports everyone from day traders to noobs and long-term hodlers looking to buy coins to keep with the expectation of returns down the road. Theres a lot more risk involved in these trades, as we learned when a long position on Bitcoin futures cost the rest of the community over $400 million in late 2018.With these entities separated, the team and general vision can still be accomplished. If this sounds shady to you, its no different than what banks and investment firms in companies like the U.S. do. Bank of America is involved in collateral loans (i.e. mortgages), investments, deposit accounts, etc. When it wanted to be involved in insurance, it did so through the Balboa Insurance subsidiary it bought from Countrywide after the foreclosure crisis. When I leaked documents in 2011 showing how force-placed insurance (aka collateral protection insurance) is a scam, BofA immediately sold Balboa so it could continue operating away from government scrutiny. A few years later, Wells Fargo got hit with massive fines for the same shady insurance practices on auto loans.The heroes and villains in my story, OKEx, or crypto in general are a matter of opinion and perspective.Lets OKExchange NumbersWhat matters most in a crypto exchange (besides it being accessible in your country) is the cost. OKEx uses a volume-based maker/taker fee structure. As you trade more within a 30-day period, your level rises, and you get discounted fees. Heres the chart:As mentioned above, paying fees in the native OKB token provides discounts.OKEx has over 170 tokens listed so far with over 550 available crypto trading pairs. The introduction of its own blockchain mainnet and decentralized exchanges will be a great addition to services that already include:OKPool Join mining pools to min SHA256, Ethash, Scrypt, X11, and Blake256 PoW coins like BTC, ETH, LTC, DASH, and DCR.Prime Investors Sophisticated investment firms with at least 500,000 OKB gain early investment access to emerging projects. Prime Investors include VenturesLab, GBC Capital, and Linkvc.OKNodes Build your own push-button cryptocurrency exchange hosted on OKExs network and share the profits.As it continues building, we should see even more services pop up.SummaryOKEx is one of the largest cryptocurrency exchanges in the world, even if its not accessible to U.S. users in 2019. Still, it manages a large volume, and the team has aggressive expansion plans to ensure it stays profitable for the foreseeable future. So long as it can remain secure and transparent, itll sustain on these key features.OKEx allows traditional trading pairs, along with derivatives and other advanced trading techniques. An upcoming OKDEx will solidify its offerings.OKB provides a service fee discount, profit sharing, voting rights, and the ability to invest in projects incubated by the OK Blockchain Foundation.OKEx has several blockchain incubators focused on growing startups. Its also partnered with a variety of businesses to remain nimble in the coming years.With these pieces in place, OKEx is a formidable presence in cryptocurrency. So long as it remains compliant with global financial policies, both the exchange and crypto in general are sure to remain valuable for at least another generation.DISCLOSUREAuthors at Crypto Briefing are invested in cryptocurrencies. The author of this post may be invested in digital assets mentioned here.Latest NewsDecentralization Advances, One Giant Corporation At A TimeCoinbase Makes Surprise EOS ListingTRON Reveals New BitTorrent File SystemNEO Price Analysis NEO / USD: Parabolic AscentArk Price Analysis ARK / USD: Not Enough JuiceBrian Penny is a former Business Analyst and Operations Manager at Bank of America turned whistleblower and freelance writer. In addition to Crypto Briefing, you can find his work focusing on financial regulations on Fast Company, Forbes, Huffington Post, and his blog, Thought for Your Penny.JOIN OUR COMMUNITY!Join the conversation onTelegramandTwitter!RELATED ARTICLESWhat Is GSENetwork? Introduction to GSE TokenBrian Penny - What Is GSENetwork?The GSENetwork is a decentralized trust network that tokenizes and tracks user interactions with smart devices on the blockchain. Trust is built...Read moreWhat Is SingularityNET? Introduction to AGI TokenBrian Penny - What Is the SingularityNET?SingularityNET is a decentralized, full-stack Artificial Intelligence (AI) network featuring an AI-as-a-Service (AaaS) marketplace. The Netherlands-based project aims to further AI...Read moreWhat Is Factom? Introduction to FCT TokenBrian Penny - What Is Factom?Factom is an enterprise-grade blockchain layer. It acts as a crosschain solution that allows independent nodes to communicate with Bitcoin through the...Read moreWhats Your News?7,631FollowersFollow1,257SubscribersSubscribeMore News & AnalysisWhy Is The SEC So Scared Of A Bitcoin ETF?Sending Crypto While Offline: Solving Africas Connectivity ChallengeEOS Creators Buy $20M Of RAM Ahead Of Mysterious AnnouncementWhy Decentralized Finance Will Change The Global Economic LandscapeChinese Speculators Borrow Millions To Invest In Crypto, Says Bank CEOProtest Coin: Bitcoins Other Use CaseInstitutions Could Push Crypto Past A Point Of No ReturnBlack Canvas: Swiss Telecom Giant Brings Blockchain Art Direct To TVBitcoin Beats XRP At Global Remittances, Says New ReportHow Korean Regulators Helped Bust The ICO Party (And Usher In...Ticker Tape by TradingViewDisclaimerGet The Best Of Crypto Briefing!Crypto news flashes, new DARE research, upcoming mainnet launches, market reports, and much more!

ADA price – Bitcoin and Ethereum Rise Steadily, BNB Surges Above USD 300

Bitcoin price remained well bid above USD 58,000 and it even climbed above the USD 59,000 level. BTC traded towards the USD 59,500 level before starting a downside correction. It is currently (04:30 UTC) trading below USD 59,000, but the bulls might protect losses below USD 57,200.

Similarly, most major altcoins are trading in a positive zone. ETH spiked above the USD 1,850 resistance before correcting lower. XRP/USD failed to test the main USD 0.600 resistance and revisited USD 0.550.

Total market capitalization

After surpassing the USD 58,000 level, bitcoin price extended its upward move. BTC even broke the USD 59,200 resistance. However, it failed to test USD 59,500. A high was formed near USD 59,350 before there was a downside correction. The price is now trading below USD 59,000, with an immediate support at USD 58,150. The next major support is near the USD 57,800 level, below which the price might test USD 57,200. On the upside, the price might test the USD 60,000 resistance in the near term.

Ethereum price also followed bitcoin and it cleared the USD 1,820 resistance zone. However, ETH failed to settle above USD 1,850 and it started a pullback from the USD 1,865 zone. It traded below USD 1,825 and it might soon test USD 1,800. The first major support is now forming near the USD 1,765 level. On the upside, a close above the USD 1,850 level could open the doors for a move towards USD 1,920 or even USD 1,950.

Binance Coin (BNB) surged over 10% and it even broke the USD 300 resistance. BNB tested USD 315 and it is now consolidating gains near USD 300. If there is a downside correction, the price could remain stable above USD 285 and USD 280. On the upside, the price could gain momentum above USD 310 and USD 315. Cardano (ADA) tested the USD 1.235 level and corrected lower below USD 1.200. ADA is now trading near USD 1.185 and it could even revisit the USD 1.165 support zone. On the upside, the main target for the bulls this week might be USD 1.300. Litecoin (LTC) keeps struggling to settle above the USD 195 and USD 200 resistance levels. Therefore, there is a risk of a decline towards USD 172 or even USD 165. Conversely, the price could surge 15%-20% after there is a successful close above the USD 200 level. XRP price started an increase towards the USD 0.600 resistance, but it failed near USD 0.585. The price is now correcting lower and trading near USD 0.550. There could be a drop to USD 0.532, but the bulls might remain active as long as the price is above USD 0.500.

Several altcoins gained over 8%, including BTT, HOT, CKB, FIL, OKB, ZRX, XMR, LSK, and CAKE. Out of these, BTT surged close to 40% and it broke the USD 0.005 level.

Overall, bitcoin price is trading above USD 58,000 and USD 57,500. BTC might consolidate in the short-term, but the overall price action suggests a possible move towards the USD 60,000 level. _____

ADA price – Bitcoin and Ethereum Rise Steadily, BNB Surges Above USD 300 Tags: ADA price, Cardano

VALLETTA, Malta--(Antara/BUSINESS WIRE)-- OKEx, a world-leading cryptocurrency exchange, announced the listing of its native token, OKB, on another leading cryptocurrency exchange, Bitfinex. Bitfinex will also list USDK, which is a stablecoin co-developed by OKLink, a blockchain technology company, and Prime Trust, a registered Trust Company based in Nevada, US (Read more). The nine new trading pairs will officially open on Bitfinex from 10am, June 13, 2019 (UTC), including USDK/USD, BTC/USDK, ETH/USDK, USDT/USDK, EOS/USDK, OKB/USD, OKB/BTC, OKB/ETH and OKB/USDT.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190612005718/en/Empowering OKExs ecosystem, OKB allows OKEx users to perform various tasks such as setting up an OKEx partner exchange, settling trading fees, and subscribing for new tokens on the token sale platform OK Jumpstart. With multiple use-cases, OKB has been capturing more market share over the months, according to the data revealed on CoinMarketCap.OKB, the native token of OKEx, is currently operating in the Ethereum Network (ERC20). Later this year, it will be migrated to OKChain, the blockchain which OKEx has been developing. And now, it is at the final testing stage.We aim to foster a new economy with blockchain technology. To achieve de-intermedium and financial inclusion, we do not work as an isolated island. We believe the key to prompt the market growth requires teamwork, which is the reason for us joining forces with other leading industry players to spark new chemistry, said Andy Cheung, Head of Operations of OKEx. OKB being listed on Bitfinex is just the beginning, it marks the recognition of our native token and platform from our peers, and we will continue to explore further opportunities in all-kinds of collaboration with other industry players. We never rest on cultivating a fair and transparent trading market and welcome partners with similar mindset to work together.Please stay tuned to OKEx's Twitter for latest updates.ENDAbout OKExOKEx is a world-leading digital asset exchange headquartered in Malta, offering comprehensive digital asset trading services including fiat-to-token trading, spot trading, and derivatives trading to traders globally with blockchain technology. Currently, the exchange offers over 400 token and futures trading pairs enabling users to optimize their strategies.View source version on businesswire.com: fer ChowJennifer.chow@okex.comVivien ChoiVivien.choi@okex.comSource: OKEx

XRP price – Bitcoin Eyes USD 60K Again, Ethereum and Altcoins Surge

Bitcoin price is showing positive signs above USD 57,000. BTC broke the USD 58,000 and USD 58,500 resistance levels. It is currently (12:30 UTC) trading above USD 59,000 and it might soon aim for a test of USD 60,000.

Similarly, most major altcoins are rising steadily. ETH is back above USD 1,800 and it could attempt an upside break above USD 1,850. XRP/USD is gaining momentum and it might soon attempt to clear USD 0.585 and USD 0.600.

Total market capitalization

After forming a fresh support base above USD 57,000, bitcoin price restarted its rise. BTC broke the USD 58,000 and USD 58,500 resistance levels. The price even spiked above USD 59,000 and it seems like the bulls are aiming for a test of the USD 60,000 level. If there are more upsides, the price might trade to a new all-time above USD 62,000. On the downside, the USD 58,500 level is a short-term support. The first key support is now forming near the USD 58,000 level, below which it could test USD 57,200.

Ethereum price is gaining momentum above the USD 1,800 resistance. ETH traded above USD 1,820 and it might clear the USD 1,850 resistance zone. The next key resistance above USD 1,850 could be near the USD 1,920 level. An initial support on the downside is near the USD 1,810 and USD 1,800 levels. The main support is now forming near the USD 1,750 level.

Binance Coin (BNB) is up around 8% and it broke many hurdles near USD 280. BNB is approaching the USD 300 level. If there is a daily close above USD 300, there are chances of an increase towards the USD 335 and USD 340 levels in the near term. Cardano (ADA) cleared the USD 1.200 resistance and it is attempting a close above USD 1.220. If the bulls remain in action, the price might reach the USD 1.285 and USD 1.300 levels. On the downside, the USD 1.168 and USD 1.150 levels are important supports. Litecoin (LTC) is again attempting an upside break above the USD 200 resistance. If LTC settles above USD 200, it could start a fresh rally towards the USD 225 and USD 240 resistance levels. An intermediate resistance may possibly be near USD 232. XRP price formed a support base above USD 0.550 and it is slowly rising. The price is approaching the USD 0.585 level. The main resistance is still near USD 0.600, above which the price could surge towards the USD 0.635 and USD 0.650 levels.

Many altcoins gained over 10%, including HOT, DENT, CELO, FTM, HT, RUNE, ZRX, OKB, ICX, SOL, RSR, OMG, COMP, NEXO, and ALGO. Out of these, HOT is accelerating gains above the USD 0.0150 level.

To sum up, bitcoin is gaining pace above the USD 58,000 and USD 58,500 levels. The overall price action is positive, suggesting a possible fresh test of USD 60,000 in the near term. _____

XRP price – Bitcoin Eyes USD 60K Again, Ethereum and Altcoins Surge Tags: XRP price

With a market capitalization of over $900 billion, Bitcoin, the world’s largest cryptocurrency, has secured acceptance among several mainstream investors and companies. However, it would seem that Ripple CTO David Schwartz doesn’t share the same degree of optimism.

During a recent interview with Techradar Pro, Schwartz suggested that Bitcoin is “doomed” to fail its most important mission. According to the Ripple exec, over the past decade, the cryptocurrency has failed “to deliver a system whereby people can transact freely with one another, without the involvement of any intermediary.”

In fact, Schwartz also pointed to Bitcoin’s core design to explain why he thinks this is the case, with the exec stating,

“The design of the Proof-of-Work (PoW) consensus mechanism at the heart of the Bitcoin blockchain is such that true decentralization and disintermediation was never a possibility.”

According to Schwartz, a cryptocurrency should be a one-sided market, with users wanting a store of value and a means of exchange. Bitcoin, however, turned it into a “two-sided market,” he said.

In the aforementioned interview, the exec went on to claim that identifying these problems with PoW was key to the work done by Schwartz and former Ripple executive Jed McCaleb back in 2011.

“At the time, the philosophy for most people was that PoW was Bitcoin’s secret sauce, but the very first cracks in the foundation were beginning to show.”

XRPL, ergo, was introduced after basing it on the idea of a distributed agreement algorithm, one which is intended to perform the same core functions, but without the downsides of PoW or PoS. The consensus algorithm is just to set the orderly transactions in place without any cryptocurrency rewards, making the process cooperative as opposed to competitive.

Having said that, Schwartz wasn’t shy to point out the main downfall in his system.

“The main issue with this approach is that the quality of network participants isn’t always as high. With no cryptocurrency rewards available, the network attracts a less reliable pool of participants who are more likely to drop off without any notice.”

To conclude, Ripple’s CTO presented his views on cryptocurrencies and regulations in place,

“In the years to come, cryptocurrency projects will preserve their roots in decentralization and disintermediation by providing a way for users to adhere to local regulation, but without mandating compliance.”

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Shubham is a full-time journalist at AMBCrypto. A graduate in Accounting and Finance, Shubham's writings mainly focus on crypto-regulations across the United States and Europe.

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LEO token on the OKEx exchange. And OKB on BitfinexAccording to the announcement released by Bitfinex today, the OKB and USDK tokens will be listed and available for trading tomorrow, June 13th, at 10:00 am UTC (12:00 pm GMT+2). Meanwhile, the LEO token will be listed on the OKEx exchange.The Bitfinex AnnouncementOKB trading will be available against USD, USDT, ETH and BTC. Whereas, as far as USDK trading is concerned, it will be available against USD, USDT, ETH, BTC and EOS.OKB is the native token of the famous OKEx trading platform, which according to CoinMarketCap is currently the largest exchange in terms of trading volume only behind the giant Binance.Currently, the OKB token is using the Ethereum blockchain but it is expected to be transferred to the mainnet, called OKChain, in July 2019.USDK is a stablecoin anchored to the dollar value which was launched by OKLink just a few days ago, on June 3rd. The launch took place in collaboration with Prime Trust, the same company behind the TrueUSD stablecoin.LEO TOKEN will be listed on OKExAlmost as if to return the favour, the OKEx exchange, also on June 13th, will list the LEO token on its platform.UNUS SED LEO (LEO) is the native token of the Bitfinex platform that allows traders to save on exchange fees.LEO tokens holders will get 15% off on crypto-to-crypto trading on Bitfinex. In addition, traders will benefit from an additional 10% fee discount if they hold more than $5,000 in LEO tokens on their account.This is the second big exchange that lists the LEO token after ZB.com. Even though this exchange is unknown to many, it is actually a rather important platform in the Asian market, given the daily trading volumes, which are close to 700 million dollars.Bitfinex seems to welcome the news very positively and in the announcement defines it as another important step for the growth and adoption of LEO.

VALLETTA, Malta, July 31, 2020 /PRNewswire/ -- OKB, the global utility token adopted by OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, has added four new partnerships to provide increased value for OKB holders. Beyond discounted fees and preferential access to high-quality Jumpstart projects, OKB holders can now glean even more real-world utility using OKB at more than 70 designated merchants and service providers.

The latest partnerships include the well-known trading bot platforms HaasOnline and Cryptohopper, where OKB holders can earn a one-time passive income with interest as well as discounted service fees on both platforms. With the most advanced crypto trading bots available, OKB holders can also automate their trading strategies based on more than 130 technical indicators and candle patterns.

OKB has also formally joined forces with its first smart contract platform, MyWish, to accept its token as payment. MyWish makes smart contracts more accessible to OKB holders who can use OKEx's adopted token as a payment tool for services on the platform. 

Finally, the popular decentralized exchange Saturn Network has listed the OKB token on its DEX, allowing OKB holders to take part in the growing DeFi ecosystem as well as trade and swap OKB with other cryptocurrencies on Saturn Network with their wallet.

"Growing the OKB ecosystem is essential in gaining a high degree of its utility," said OKEx CEO Jay Hao.

"OKB is a true global utility token and, as it continues to forge new partnerships, it provides its holders with even more real-world utility and ways to spend it outside of the OKEx exchange."

So far, OKB has a total of more than 70 global partners providing high-quality services, including payments, trading platforms, wallets, financial services and lifestyle.

About OKEx

A world-leading cryptocurrency spot and derivatives exchange, OKEx offers the most diverse marketplace where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and hedge risks. We provide spot and derivatives trading - including futures, perpetual swap and options - of major cryptocurrencies, offering investors flexibility in formulating their strategies to maximize gains and mitigate risks.

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This week we had released an article suggesting three top coins for you to watch this week, April 20th - 26th. Following is some technical analysis on these coins. FET has seen a small 5% price increase over the past 24 hours of trading, however, this does not change the fact that the cryptocurrency had previously dropped by a total of 86% from high to low in 2020 alone! Fetch.AI had dropped from a high of around $0.056 in February and plummetted as low as $0.01 in March, where it managed to find some support at a short term downside 1.618 Fibonacci Extension level. Of course, this price decline was apparent throughout the entire cryptocurrency market, however, the price drop of FET was quite substantial. After rebounding from $0.01, the cryptocurrency started to slowly climb higher. IT quickly managed to reach $0.015 by the end of March and went on to climb slightly higher during April to reach the $0.017 level. The cryptocurrency is also trading above a rising support trend line and had recently bounced from here last week.  However, it is important to point out that the price rebound from Fetch is quite weak when compared with price increases in the majority of other altcoins. Looking ahead, if the buyers can push higher and break above the $0.017 resistance, the first level of higher resistance is located at $0.02, where lies the bearish .236 Fib Retracement - measured from the Feb high to the March low. Above this, resistance is located at $0.022, $0.025, and $0.0267 (bearish .382 Fib Retracement level). On the other hand, if the sellers step in and push the market lower, the first level of support is located at $0.015. Beneath this, we can expect support at $0.014, $0.012, and $0.01. The RSI has been climbing from extremely oversold conditions, however, it is struggling to break above the 50 line which is a strong signal that the sellers are not ready to give up their control of the market momentum just yet. OKB has seen an interesting period of trading in 2020. The cryptocurrency actually increased by a total of 185% in the first 6 weeks of the year as it surged into the $7.30 level by mid-February. However, during the March market collapse, the cryptocurrency started to drop heavily. IT plummetted beneath support at $5 and $4 and continued to drop until finding support at $2.94 which is provided by the long term .786 Fibonacci Retracement level. After reaching this support, we can see that OKB went on to rebound higher as it managed to climb as high as $4.50 by the end of March 2020. During April, we can see that OKB went on to climb higher above $4.50 as it increased to reach the resistance at the $4.97, provided by a bearish .5 Fib Retracement level. This bearish Fibonacci Retracement level is measured from the Feb high to the March low. It has since dropped lower from here but managed to find short term support at $4.47. OKB is now facing strong resistance at $4.83 (1.272 Fib Extension) and has turned away from here recently. Looking ahead, if the sellers push lower, the first level of support is located at $4.50 (.236 Fib Retracement). Beneath this, support lies at $4.18,  $4.00, $3.88 (long term .618 Fib Retracement), and $3.50. On the other side, if the bulls can break the resistance at $4.83, higher resistance lies at $4.97. Above this, resistance is located at $5.35 (1.618 Fib Extension), $5.45 (bearish .618 Fib Retracement), $5.63, $5.88, and $6.00. The RSI is trading on the 50 line which is is a sign of indecision within the market. Matic has actually seen a strong 9% price increase over the last 7-days of trading as the cryptocurrency trades at the $0.0128 level. Matic increased from January through March as it managed to reach a high-day closing price of around $0.027 in early March 2020. However, during the March market collapse, we can see that Matic slipped lower as it dropped into the support at $0.00635. It managed to rebound from here and reached as high as $0.012 before the end of March 2020. In April, Matic went on to climb even higher as it reached resistance at $0.014. It dropped lower but managed to find support at the .382 Fib Retracement at $0.0112 and the rising support trend line. Looking ahead, if the bulls can break the resistance at $0.014, higher resistance is located at $0.015 where lies the 100-day EMA. This resistance is further bolstered by a bearish .382 Fib Retracement level that is measured from the March high to the March low. Above this, resistance is located at $0.016 (200-day EMA), $0.01776 (bearish .5 Fib Retracement), $0.0189, and $0.02. On the other hand, the first level of support lies in the rising support trend line. Beneath this, support lies at $0.0112 (.382 Fib Retracement), $0.010 (.5 Fib Retracement), and $0.01.  The RSI is slightly above the 50 line to show weak bullish momentum. We would need to see it rise higher if we would like to see Matic breaking the $0.14 resistance level. At CoinCodex, we regularly publish price analysis articles focused on the top cryptocurrencies. Here's our most recent article about the price of Top Coins to Watch: Tags:OKBOKB$ 4.61-1.84%BuyAuthorYaz SheikhYaz is a cryptocurrency technical analyst with over seven years of technical analysis trading experience. As an Economics graduate, he has taken a keen interest in the future potential of blockchain in the financial industry. Removing crypto from the equation, Yaz loves to watch his favorite football team and keep up-to-date with the latest fights within the UFC.Keep track of your holdings and explore over 5,000 cryptocurrencies

-okexs-native-token-okb/Cryptocurrency Exchange Bitfinex Is Listing Competitor OKExs Native Token -token-okbOn Wednesday (June 12), , the world's second-largest digital asset exchange by monthly trading volume (according to ),made a rather surprising announcement: one of its competitors, , would soon be listing OKEx's native token (OKB).OKEx's global utility token, OKB, was launched in April 2018. According to in April 2019, initially, OKExdid not launch OKB on any blockchain "because of the secret development of our own public chain - OKChain." However, due to demand from its community, OKEx decided to "launch the circulating 300 million OKB" on the Ethereum network.According to the press release shared with CryptoGlobe, the construction of OKChain is at the "final testing stage," and the OKChain mainnet is expected to launch later this year. Once this has happened, ERC20-based OKB tokens will be swapped for native OKB tokens on OKChain.The OKB token will be used for "fees settlement and all DApps developed on OKChain." Currently, the OKB token "allows OKEx users to perform various tasks such assetting up an OKEx partner exchange, settling trading fees, and subscribing for new tokens on the token sale platform OK Jumpstart."Andy Cheung, Head of Operations of OKEx, said:We aim to foster a new economy with blockchain technology. To achieve de-intermedium and financial inclusion, we do not work as an isolated island. We believe the key to prompt the market growth requires teamwork, which is the reason for us joining forces with other leading industry players to spark new chemistry."

Here is our weekly assortment of digital asset itemizing and delisting, buying and selling pair-related bulletins by crypto exchanges that we discovered final week and at this time.

Have we missed one thing? Do you could have details about new listings and/or delistings?Let us know right Listings: Escoin (ELG) Mantra DAO (OM) Venus (XVS)

Bibox Listings: Pilot Lab (PTD)

Bilaxy: Listings: ALICE (ALICE) dego finance (DEGO) LABS Group (LABS) Aluna (ALN) MU DANK (DANK) VERA (VRA) Portion Token (PRT) Blockchain Cuties Universe Governance (BCUG) DOVU (DOV) Tower (TOWER) Zeus (ZUZ) Konomi Network (KONO) PolkaFoundry (PKF) Basix (BASX) DEXTF Token (DEXTF) DAFI Token (DAFI) Sad Cat Token (SCAT) Cellframe Token (CELL) InsurAce (INSUR) Lepricon (L3P) OddzToken (ODDZ) Function X (FX) Habitat Token (HBT) BITTOKEN (BITT) GAME Credits (GAME) ziot (ziot) Etherland (ELAND) Stater (STR) GraphLinq (GLQ) Float Bank (BANK) Added Trading Pairs: PAC/ETH

Binance Listings: Beefy.Finance (BIFI) Linear Finance (LINA) Perpetual Protocol (PERP) RAMP (RAMP) Added Trading Pairs: ADA/RUB ENJ/BRL ENJ/EUR MATIC/EUR NEO/TRY

Bitfinex Listings: Alliance Block (ALBT) Added Trading Pairs: ZIL/BTC Delistings: AirSwap (AST) Aventus (AVT) Contentbox (BOX) Cindicator (CND) Cortex (CTXC) DragonChain (DRGN) DATA (DTA) Dragon Token (DTX) DAOstack (GEN) Hydro Protocol (HOT) IOS (IOST) MATRIX (MAN) MobileGO (MGO) MedicalChain (MTN) Nucleus Vision (NCASH) OKEX (OKB) OnLive (ONL) Ripio Credit Network (RCN) Request Network (REQ) RSK Infrastructure Framework (RIF) Swarm (SWM) Tripio (TRIO) Monolith (TKN) BLOCKv (VEE) WePower (WPR) Waltonchain (WTC)

Bithumb Listings: WITH (WIKEN) Reserve Rights (RSR) Burger Swap (BURGER) SushiSwap (SUSHI) Livepeer (LPT)

Bitmax Listings: Gather (GTH) Dafi Protocol (DAFI) Fire Protocol (FIRE)

Bitrue Listings: Decentraland (MANA) The Sandbox (SAND)

Bittrex Added Trading Pairs: IOTA/USD XEM/USD UBQ/USDT

BKEX Listings: Chiliz (CHZ) Anchor Protocol (ANC) JulSwap (JULD) JustLiquidity (JULB) Fractal (FCL) BoringDAO (BOR) Taraxa Project (TARA)

CoinEx Listings: Bella Protocol (BEL) Rally (RLY) Delistings: PirateChain (ARRR)

Coinsbit Listings: Pool of Stake (PSK) CMDX (CMDX) DecimalChain (DEL) UFO (UFO) Uswap (UME) Uswap (EFT) Moss.Earth (MCO2) Agrichainx (AGN)

Crypto.com Listings: Ocean Protocol (OCEAN) Added Trading Pairs: FIL/USDC NEO/USDC NEAR/USDC ONE/USDC ANKR/USDC

Dcoin Listings: SCIENCE (SCIENCE)

DigiFinex Listings: Terra (LUNA) Avalanche (AVAX) UMA Protocol (UMA) Band Protocol (BAND) Wrapped BTC (WBTC)

FatBTC Listings: FaceKindle (FKD)

FINEXBOX Listings: BLBBilliance (BLB) IQC Token (IQCX) Electra Protocol (XEP) PUML Better Health (PUML)

FTX Listings: Oxygen (OXY)

Gate.io Listings: UNION Finance (UNN) Alice (ALICE) Oxygen (OXY) ZeroSwap (ZEE) autofarm.network (AUTO) Konomi Network (KONO) Render Token (RNDR) BSC.Tools (TOOLS) BSCPad (BSCPAD) Blockchain Cuties Universe Governance (BCUG) Polka City (POLC) PolkaFoundry (PKF) Exeedme (XED) Rally (RLY) Anchor Protocol (ANC) DoraFactory (DORA) pNetwork (PNT) DAFI Protocol (DAFI) Chain Games (CHAIN) Math (MATH) BTCST (BTCST) Fire Protocol (FIRE) Taraxa Project (TARA) Vesper Finance (VSP) CertiK (CTK) Energy Web (EWT) ARCx (ARCX) Decentral Games (DG) Playcent (PCNT)

HitBTC Listings: (*12*) Ocean Protocol (OCEAN) Terra Virtua Kolect (TVK) Tornado Cash (TORN) Frontier (FRONT) Just Liquidity (JULB) JulSwap (JULD) Harvest Finance (FARM)

Hotbit Listings: Lead Token (LEAD) Syscoin (SYS) bEarn.fi (BFI) Ethernity Chain (ERN) Phoenix DeFi (PNIX) Project Inverse (XIV) Beefy.Finance (BIFI) Billion Happiness (BHC) Alice (ALICE) Contentos (COS) Satozhi (SATOZ) BscRunner (ENERGY) DryCakeSwap (DRYCAKE) MixtyFinance (MXF) Taraxa Project (TARA) Realfinance Network (REFI) YFUNI Finance (UNICORN) Milktea Finance (MTF)

Kraken Listings: Energy Web (EWT)

KuCoin Listings: Kryll (KRL) Polkamarkets (POLK) Render Token (RNDR) Rally (RLY) Anchor Protocol (ANC) SmartKey (SKEY)

LBank Listings: InsurAce (INSUR) Unslashed Finance (USF) Alaya (ATP) Dora Factory (DORA) Removed Trading Pairs: BASEL/USDT

MXC Listings: Beefy.Finance (BIFI) White Coiner (XWC) Blockchain Cuties Universe Governance (BCUG) Anchor Protocol (ANC) DARWINIA (CRING) Math Chain (MATH) Taraxa Project (TARA) Radix (eXRD) Float Protocol (BANK)

OKEx Listings: Anchor Protocol (ANC) Enjin (ENJ) The Sandbox (SAND)

Poloniex Listings: Big Data Protocol (BDP) ADD.xyz (ADD)

ProBit Exchange Listings: Smile (SMILE) Innova (INN) Gera Coin (GERA)

P2PB2B Listings: Diamond (DMD) Eccoin (ECC) MoneYearn.Finance (KYFI)

SynchroBit Listings: Polymath (POLY) POWERLEDGER (POWR)

VinDax Listings: AlloHash (ALH) Electra Protocol (EXP) Birdchain (BIRD) Paynetcoin (PAYN) PlayAndLike (PAL) Bitsz (BITSZ) Acrona Open Network (AON) Mktcash (MCH1) VIDIACHANGE (VIDA)

WazirX Listings: Reserve Protocol (RSR) Added Trading Pairs: UMA/INR CHR/INR ENJ/WRX MANA/INR

XT Listings: Kindcow Finance (KIND)

ZB.COM Listings: Cosmos (ATOM) Livepeer (LPT) district0x (DNT) Dorayaki (DORA)

ZBG Listings: Livepeer (LPT)

The market data is provided by the HitBTC exchange.While Libra is expected to draw retail customers to cryptocurrencies, Bakkt is likely to attract institutional investors. Following the Bakkt Digital Asset Summit held on July 18, Managing director and quant strategist at Fundstrat Global Advisors Sam Doctor anticipates that Bakkts Bitcoin futures contracts might in the current quarter. Fidelitys crypto arm Fidelity Digital Assets Services has applied for a with the New York Department of Financial Services. If approved, the firm can start its custodial services in the state of New York. Both these services will address concerns of the institutional players and might hasten their arrival.The cryptocurrencies have bottomed out and have started a new bull market that has legs to run. In an uptrend, the dips are a buying opportunity. Lets see if we spot any buy setups in the top five market performers of the past seven days. BSV/USD The Bitcoin SV () network will complete the Quasar upgrade on July 24, which will increase the default block size hard cap from 128MB to 2GB. After a few months of the upgrade, the cryptocurrency will be able to handle thousands of transactions every second. DRIVE Markets has launched trading in Bitcoin SV. Backed by these positive news, the digital currency has turned out as the top performer among major cryptocurrencies. It has rallied close to 25% in the past seven days. Can it continue its up move or will it witness profit booking at higher levels? Lets analyze the chart.The BSV/USD pair broke below the 61.8% Fibonacci retracement level of the rally this week, but lower levels saw sharp buying that has propelled the price right back up. This is a positive sign as it confirms demand at lower levels. The price can now reach $214.210 and above it $255.620. If the bulls propel the price to a new high, the uptrend will continue. However, after forming large ranges in the past two weeks, we expect the volatility to cool down and the pair to enter a consolidation for a few weeks. The pair will turn negative if the price turns around from one of the overhead resistances and plummets below $107. Nonetheless, we give it a low probability of occurring. XTZ/USD Tezos () is the second-best performer of the past seven days, rising close to 20%. Can it build on its momentum and start a new uptrend? Lets see the chart.The XTZ/USD pair is largely range-bound between $0.33 and $1.85. For the past three weeks, the bulls have managed to defend $0.902128, which is the 61.8% Fibonacci retracement of the recent rally. The bulls have not been able to push the price above $1.295480, which shows profit-booking at higher levels. Both moving averages are flat and the RSI is close to 50, which suggests that the digital currency might consolidate for a few more weeks.If the pair breaks out of $1.295480, it can rally to $1.85. A breakout of $1.85 will start a new uptrend that has a long-term target objective of $3.37. Therefore, traders can buy on a close (UTC time frame) above $1.295480 and keep a stop loss of $0.80. Our bullish view will be invalidated if the price reverses direction from $1.295480 and plummets below $0.829651. If that happens, a drop to $0.33 is probable.TRX/USD Tron (TRX) CEO Justin Sun tweeted that something big will happen next week along with the Warren Buffet lunch. Sun has invited influential people in the crypto universe to him for the power lunch with the legendary investor. The crypto community has kept its fingers crossed on the outcome of the meeting.The TRX/USD pair had broken down of the channel last week. Though bears broke below the critical support of $0.022 during the week, they could not sustain the price at lower levels. Aggressive buying has propelled the price back into the channel. This is a positive sign.There is a minor resistance at the downtrend line above which the pair can move up to $0.040. A breakout of this resistance can push the price to $0.050. The traders can wait for the price to scale above the downtrend line before buying. The stop loss can be kept at $0.020 because if this support gives way, a drop to $0.017740 and below it a retest of the yearly low is probable.LTC/USD Litecoin (LTC) was recently named as the official cryptocurrency of the Miami Dolphins. This will increase the visibility of the cryptocurrency among NFL fans. With halving just a few days away, can the price resume its uptrend or will it remain range-bound? Lets find out.After failing to break out of the ascending channel a few weeks ago, the LTC/USD pair plummeted below the channel last week. The bears followed it up with a breakdown of the support at $83.65. However, they could not sustain the lower levels and the price has quickly bounced back. This shows strong demand at lower levels.Currently, the bulls are facing resistance at the channel line. This line, which had previously acted as a support is likely to act as a resistance. Nevertheless, if the price climbs back into the channel, it will be a positive sign. The next level to watch on the upside is $140.3450. Therefore, traders can wait for the price to re-enter the channel and sustain it before buying. The stop loss can be kept at the recent lows of $76.Our bullish view will be invalidated if the price turns down from the channel and plunges below $76. In such a case, a drop to $58 is probable.ATOM/USD Cosmos () rallied close to 5% in the past seven days. Is this the start of a new uptrend or is this only a pullback in a downtrend. Lets study the chart.Due to a short trading history, we are analyzing the daily charts for the ATOM/USD pair. The pair has given up a lot of ground in the recent correction. It is currently attempting to bounce off the $3.6043$3.4101 support zone. The pullback is likely to face resistance at the 20-day EMA. The next fall towards the support zone will give us a better idea whether the bottom is in place. If the price breaks below $3.4101 during the next fall, it can retest the lows at $2.9277.Conversely, if the pair rebounds off the support zone and breaks out of the 20-day EMA, it is likely to reach the 50-day SMA and above it $6.15. Therefore, traders can watch the price action during the next fall and buy on a breakout above 20-day EMA. The stops can be placed below $3.40.OKB/USD* OKB is the native token of OKEx, a world-leading cryptocurrency exchange. It is trading well above its listing price. The token offers its users opportunities to set up OKEx partner exchanges, settle trading fees and subscribe to new tokens sale on the OK jumpstart platform.The total supply of OKB is 1 billion, out of which only 300 million is in circulation and the rest has been locked up until 2022. The long-term hodlers of the token will benefit from the OKB Buy-Back & Burn Program, which will be run every 3 months. Currently, the token is operating on the ERC-20 protocol but will soon migrate to the mainnet being developed by OKEx which is in its final stages of testing.In its evaluation report, Shinobi Capital, an established blockchain and cryptocurrency advisory firm, expects OKB to benefit from the development of OKChain mainnet and better market conditions for cryptocurrencies. They expect OKB to hit a market capitalization of about $7.068 billion by 2020.OKB has been listed on Bitfinex and is attempting to partner with other exchanges to further expand the ecosystem. At press time, the token is ranked 1,878 on CoinMarketCap with a 24-hour volume of $142,547,972. So, is this a good opportunity to scoop OKB before prices shoot up? Lets look at the technical picture.The OKB/USD pair hit a high of $6.68 on May 18, 2018, and from there, it lost a lot of ground during the crushing bear market and fell to a low of $0.5718 on January 13, 2019. However, it participated in the recovery and rose to a high of $2.5566 on April 3. That is a 347% gain within three months.Thereafter, the pullback found support at the 61.8% Fibonacci retracement level of the up-move. It consolidated between $1.30 and $1.829 for a few days before breaking out. It again got stuck in the $1.55$2.09 range for a few days. Currently, the price has broken out of the range and is likely to move up to $2.5566, which will act as a stiff resistance. If this level is scaled, the price can move up to $4 and above it to $5.40. Both moving averages are gradually sloping up, which suggests that bulls have the upper hand. However, if bears defend $2.5566, the digital currency might remain range-bound between $2.09 and $2.5566 for a few days. It will lose momentum on a break below the 50-day SMA and will turn negative on a breakdown of $1.2616. *Disclaimer: OKB is a featured cryptocurrency from one of Cointelegraphs sponsors, and its inclusion did not affect this price analysis.The market data is provided by the HitBTC exchange.

Market Cap:24h Vol:Cryptocurrencies: 2567Markets: 18699ENGESTRUSTURDEUCHIKOR USD TWDTZSUAHUGXUYUUZSVEFVESVNDVUVWSTZARZMWZWLCurrencies Exchanges BlogBlockfolio Watchlist Currency Converter Website Widgets Buy / Sell Instantly Mining Equipment Mining Pools Bitcoin Blockexplorer SpeedUpTx Coins Live Watch Top Gainers Top Losers High / Low Exchanges Blog Initial Coin Offerings Events Wallets Mining Pools Currency Converter Website Widgets Buy / Sell Instantly Blockfolio Watchlist Bitcoin Blockexplorer Mining Equipment Advertise Contact Us Login Register Market Cap24h Vol2567Cryptocurrencies18699MarketsCrypto Briefing2019-05-28 19:56:03 What Is the OK Exchange? OKEx is one of the leading cryptocurrency exchanges in the world, but you may not recognize it if you live in the U.S., Hong Kong, or or one of the other nearly 20 countries it doesnt service. This Malaysia-based exchange (originally started in China under OKCoin) has a wide selection []The post What Is OK Exchange? Introduction to OKEx and OKB Token appeared first on Crypto Briefing.Most Read 5-302019-05-30Add your 300x250 banner hereRelated News30 May 201930 May 201930 May 201930 May 201930 May 201930 May 2019Please enable JavaScript to view the comments powered by Disqus.Get Crypto NewsletterMarket Cap24h Vol55.21%Bitcoin Share148Today News

Happy anniversary to OKB! It has been already a year since OKB was listed on OKEx’s spot trading market on Mar 22, 2018. We would like to thank all the 1 million OKB holders who contributed to the whopping 15.6 billion OKB trading volume in the past year. At present, OKB has already been applied to OKEx’s global ecosystem, which includes Happy Friday, OKB Trading Market, Listing Vote, OKETT, OKNodes, Global Partners, Prime Investors, and Designated Merchants. To help our users better understand the OKB eco-development, our OKB team would like to give detailed answers to the five most-asked questions.The reason why OKB has not been on chain was because our Operations Team was secretly developing a blockchain of our own — the OKChain. Currently, the OKChain is at the final development stage and we expect to launch it on a testnet in June 2019. Due to a large number of users calling for OKB to be put on the blockchain, after considerations, our team has decided to put it onto the ERC-20 blockchain first by the end of April. When the OKChain becomes stable, OKB will be migrated from the ERC-20 network to the OKChain mainnet. By then, OKB will be the native token of the OKChain network, which can be used to settle transaction fees, or used in the Dapps developed on OKChain.We will launch OKEx’s first decentralized exchange (DEX) on OKChain and open the super nodes election for the blockchain. With OKB, one can vote for his favorite super node candidate and settle transaction fees on OKDEx. OKB will also be used for token pre-sales, and project teams will need to pay super nodes OKB as service fee in the future.Currently, there are 700 million OKB being locked up. 300 million of it will be given to OKEx users through our loyalty program, while the remaining 400 million belongs to the OK Blockchain Foundation and the operations team. However, in order to build the OKB ecosystem more efficiently, the release of the 700 million OKB will be delayed from 2020 to 2022. We will make a further announcement 6 months in advance to inform the public whether we will extend the lock-up period or release the tokens in batches.Since the first Happy Friday on Apr 20, 2018, we have already distributed 32954.12BTC to over 1 million OKB holders. But from Mar 22, 2019, we will optimize the distribution rule. The snapshot and distribution ratio will remain unchanged. However, the distribution amount of BTC will first be used for buying back OKB, and then the OKB amount will be distributed to OKB holders according to the existing snapshot and distribution rules.As a new utility token sale platform, OKB will be the only token accepted on OK Jumpstart. For high-quality projects and early entrepreneurs, it is believed that the IEO model is an ideal method for them to kick-start. Any projects launched on OK Jumpstart will be listed on our spot market, and those with outstanding performance will even stand a chance to be listed on our C2C and derivatives markets. OK Jumpstart is dedicated to helping potential startups. We value quality over quantity. We are already engaged in conversations with project teams around the world. Soon, we will announce the very first jumpstart project and open sale to OKEx users who meet our KYC requirements and hold OKB.OKEx is committed to building a robust blockchain ecosystem with OKB users. We are all set to connect excellent innovative blockchain projects with our users and professional investors, in order to facilitate the eco-development for OKEx and to drive the advancement of the blockchain and digital assets industry.Risk Warning: Trading digital assets involves significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.Follow OKEx on:Twitter: https://twitter.com/OKExFacebook: https://www.facebook.com/okexofficial/LinkedIn: https://www.linkedin.com/company/okex/Telegram: https://t.me/okexofficial_enInstagram: https://www.instagram.com/okex_exchangeSteemit: https://steemit.com/@okex-officialWebsite: https://www.okex.comThe most trusted digital asset exchange, serving millions of users worldwide.

The native token of the popular cryptocurrency exchange OKEx has reached a new high for 2019 this week, surpassing the $3 mark after jumping 9% in only a day.Behind the cryptocurrencys movement appear to be an announcement the exchange recently published, which gives the OKB token a new use case and the exchanges users a new motive to hold the cryptocurrency on their wallets.OKB breaks above 3 $USDT, a new 2019 high. pic.twitter.com/eos4FUMzuj OKEx (@OKEx) August 2, 2019The announcement notes that OKB holders are now going to get a discounted trading fee schedule on OKEx, according to the number of tokens they hold. Those who hold over 2,000 OKB tokens, for example, will only have to pay little over half the trading fees on their orders.The fee schedule the exchange announced will only be effective on August 7, which suggests the cryptocurrencys price may be rising as users start accumulating. The fee discounts, however, only apply to OKExs Tier 1 users those whose 30 day trading volume is of less than 1,000 BTC ($10.5 million).The tokens price rise comes shortly after Shinobi Capital, a blockchain investment firm thats invested in several early-stage start-ups, predicted the price of the cryptocurrency could grow by over 1,500% until 2020.Per Shinobi Capitals report, the OKB token could grow to as much as $30 by 2020, as exchange tokens are the powerhouse of the development of the digital asset market and even blockchain technology, its founding partner Jason Hill stated.OKB itself has various applications. It can be used to gain access to designated merchant privileges, to have discounted fees on OKEx, and to receive feels collected on a Happy Friday Program that sees OKEx share 50% of the fees it collects every Friday with token holders. In the future, OKB holders will have access to the companys decentrliazed cryptocurrency exchange OKDex.The exchange tokens price rise comes as most cryptocurrencies see green. Bitcoin, the flagship crypto, is currently up by 5.3% in the last 24-hour period, as its trading above $10,500.