✨📈 📊 🚀 Technical Analysis of Crypto: 4 Years of Experience 🚀 📊 📈 ✨
The price of OKB rises amid aggressive burning of US$ 26 billion.
The appreciation of the token is directly linked to the "burn" action carried out by OKX, the exchange behind the cryptocurrency.
Token burning is an irreversible process where a certain amount of cryptocurrencies is permanently removed from circulation. The main goal is to create a deflationary effect.
OKX has conducted a mass burn, removing over 65 million OKB tokens, reducing the total supply to 21 million tokens.
The appreciation is driven by:
* Scarcity: the fixed supply makes OKB a more valuable asset in the long run.
* Adoption of the new ecosystem: OKB will be the exclusive gas token of the new OKX network, the X Layer, increasing its utility and demand.
* Investor confidence: the aggressive action by OKX increases confidence and may attract more capital to the asset. #AnáliseDeMercado
