The cryptocurrency ecosystem is experiencing a brand new bearish wave because the mixed crypto market capitalization has slumped by 1.70% to $799.84 billion. Amid this rout, OKB, the digital forex of the OKX cryptocurrency change, has maintained a comparatively bullish resilience.

The coin is presently altering fingers at $23.80 after including a acquire of three.42% over the previous 24 hours. By comparability, Bitcoin (BTC) is down by 1.28% throughout the similar timeframe, whereas Ethereum (ETH) has slumped 2.04% to $16,671.16 and $1,196.87, respectively.

With its present value efficiency, OKB is now ranked because the best-performing altcoin of the highest 100, in line with market capitalization rating. Whereas different digital currencies have shed the positive aspects they’d accrued over the previous week, OKB has maintained comparatively bullish progress momentum inside that time-frame. The coin has inked 5.04% within the week-to-date interval.

As a consultant digital forex of the OKX ecosystem, OKB has additionally been impacted by the tough pangs of the crypto winter. Nonetheless, its fall charge is milder when in comparison with different altcoins with strong ecosystems. As an illustration, Polkadot (DOT) has slumped by 86% over the previous 12 months, whereas OKB has misplaced simply 22.1%, per knowledge from CoinGecko.

OKX transparency paying off

As a cryptocurrency change, OKX has suffered from the impacts of the collapse of FTX Derivatives Change; nonetheless, it has been in a position to handle its group effectively.

As reported by U.Immediately, the change had points with its withdrawals earlier this month however was in a position to allay all fears because it swiftly detailed the reason for the hiccups. OKX’s dealing with of its group over time could be foundation for the constant optimistic efficiency of the OKB token, as marked on the watchlist of greater than 70,000 consumers.