<html>
 <head></head>
 <body>
 <figure> 
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
 </figcaption> 
 </figure> 
 With the crypto market currently underperforming today, OX, the native token of the Open Exchange, is leading a very unique altcoin resurgence. The digital currency is currently up by 24.36% to $0.03856, <a href="https://coinmarketcap.com/currencies/open-exchange-token/#Chart" rel="noopener noreferrer nofollow">pushing</a> the token to a weekly high of $0.04063. The growth of OX has been notably steady over the past week, and it has increased by 36.92%, per data from CoinMarketCap. 
 <a href="https://u.today/three-arrows-capitals-nft-collection-breaks-auction-record" rel="noopener noreferrer nofollow">card</a> 
 <img alt="Open Exchange" data-entity-type="file" data-entity-uuid="07a05c3c-47fc-45e8-8b64-26b531275497" src="https://u.today/sites/default/files/inline-images/OX_1D_graph_coinmarketcap.jpeg">OX Price Chart via <a href="https://coinmarketcap.com/currencies/open-exchange-token/#Chart" rel="noopener noreferrer nofollow">CoinMarketCap</a> 
 Open Exchange's performance seems surprising, seeing as it is <a href="https://u.today/3ac-founders-platform-says-it-raised-funds-from-top-vcs-some-of-them-denied-investing-in-opnx" rel="noopener noreferrer nofollow">connected</a> to the founders of the <a href="https://u.today/breaking-court-orders-liquidation-of-three-arrows-capital" rel="noopener noreferrer nofollow">now-defunct</a> crypto hedge fund Three Arrows Capital (3AC). The growth appears to be a vote of confidence in the project as the crypto community is now giving the project a second chance. 
 However, the current growth of OX is being fueled, in part, by the ongoing whale accumulation of the token. According to data from crypto analytics service provider Lookonchain, a whale has been accumulating OX tokens over the past five days. The latest tranche of buy-ups involved the injection of 421 ETH worth approximately $823,000 to buy 26.43 million OX at an average price of $0.031. 
 Per the data insight, the whale has a total of 140 million OX tokens worth about $5.7 million. Of these massive tokens, a total of 100 million is locked, 30 million is in the liquidity pool and 10 million OX tokens are currently in the wallet. 
 <h2 id="potential-for-ox-to-enter-top-100">Potential for OX to enter top 100</h2> 
 While Su Zhu and Kyle Davies' 3AC did not have a native token at the time, the hedge fund was a <a href="https://u.today/three-arrows-capitals-nft-collection-breaks-auction-record" rel="noopener noreferrer nofollow">prolific investor</a> in tokens or projects with very unique growth potential and hype. Their design of the OX token must have stemmed from the wealth of knowledge they have in the space. 
 <a href="https://u.today/3ac-founders-platform-says-it-raised-funds-from-top-vcs-some-of-them-denied-investing-in-opnx" rel="noopener noreferrer nofollow">card</a> 
 OX is still in its infancy with a market capitalization of $108.7 million. This low cap gives the token a very good growth upside, a point of attraction that can further attract investors in the long term.
 </body>
</html>

Open Exchange (OX) up 24%, Here Are Growth Triggers

Spis treści

U_Today

Inne artykuły opublikowane 18 lip 2023

Buy These Coins During Market Downturns: Ethereum Classic, Dogecoin, and Tradecurve

BRICK up 533%, MOON Surges 300% on Reddit Rule Change and Kraken Listing Speculation

Binance completes integration of Bitcoin Lightning Network

Bitcoin Price Needs To Clear $30,500 For Hopes of a Fresh Rally

Cathie Wood Bullish on Coinbase Following Ripple’s Legal Victory

Medifakt Paves the Way for Next-Gen Healthcare, Integrating Blockchain, IoT, and Machine Learning

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!