Shinobi Capital, a leading blockchain advisory firm and also an investor in early-stage start-ups, has released its latest evaluation report estimating that the OKB price will grow further to US$30.75, 17 times the current price, by the end of 2020. OKB is a global utility token issued by OK Blockchain Foundation. It is a token economy system designed and launched by a world-class development team based on blockchain technology. OKB is set to connect prospective digital asset projects to OKEx users as well as professional investors, creating an OKEx ecosystem that helps to advance the development of blockchain technology and the digital asset industry. Issued by OKEx, one of the largest cryptocurrency exchanges by trading volume in the world, the OKB token has shown an amazing performance since it was launched back in 2018.
According to Jason Hill, the founding partner of Shinobi Capital:
Exchanges tokens will be the powerhouse of the development of the digital asset market and even blockchain technology. Following a series of IEOs powered by exchange tokens in H1 2019, the market is marching to the next round of bull run. OKB, as a market leader of exchange tokens, is also welcoming its own uptrend. Backed by a number of use cases and a large user base of OKEx, OKB has demonstrated a huge potential of growth.
One of the main aspects studied by Shinobi Capital to conclude this exponential growth was the Buy-back & Burn Program for OKB. This program consists of OKEx purchasing back OKB every 3 months beginning on June 2019. With an estimation based on current movements in price, the report concludes that it is expected by the end of 2020 for the price of OKB to reach a price of USD 30.75, with a market capitalization of over USD 7 billion.
Moreover, given that OKEX has recently launched several collaborative research projects with traditional financial institutions, such as banks, and governmental platforms, it seems the company is planning to launch a compliant blockchain solution business for commercial use on top of its exchange business. If OKChian can further achieve the cross-chain interoperability between other blockchains that are with mature commercial usages, it will definitely further its growth.
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