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Why has OKT been consistently declining (the online price of OKT)

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okt Why has it been consistently falling

Why has okt been consistently falling Editor’s note: This article is based on authorized reprints by the Daily Planet According to OKEx data, as of the time of publication, BTC’s quotation was $10530, with a 24-hour decrease of 15.15% and a 24-hour trading volume of $377 million, a decrease of 13.27% compared to yesterday; ETH quoted $130.85, a 24-hour increase of 11.33%. Why does OKT keep rising? Reason 1:

1. The volatility of Bitcoin is high, leading to a rapid correction in its price over a period of time; 2. The price trend of Bitcoin is in sync with global financial markets. From the historical experience, because of the correlation and decentralization between Bitcoin and Cryptocurrency, Bitcoin transactions are highly speculative; The smart contract function on the Ethereum network is very unstable, which makes many people think that this is unlikely to happen (for example, when you use the Ethereum blockchain, it will automatically send your Ethercoin to anyone); 3. Bitcoin has not been used as a medium of exchange or as a means of payment; 4. The ‘counterfeit currency’ lacks liquidity. Bitcoin has become a way of storing value, but as more and more funds enter the field, these assets may lose their value. 2. The consensus mechanism of Bitcoin is not perfect: if Bitcoin cannot serve as a currency or value storage system, it will be difficult to maintain this position; If Bitcoin cannot provide a secure and verifiable economic system to achieve this goal, it will become another type of “digital gold”, but its operating mode remains a very complex issue. So for ordinary investors, Bitcoin needs to have the following characteristics: 1. anonymity and non trusteeship; 2. An easy-to-use blockchain structure and design; 3. The characteristics of disintermediation and high technical barriers

OKT Launch Price

According to reports, OKT was launched on February 10th. According to OKEx’s announcement, its platform coin OT is currently quoted at $0.005 per piece, with a total supply of 100 million pieces. It is reported that oikos (formerly known as bit stock) is a decentralized Cryptocurrency issued based on the blockchain network, which is highly regulated by the global financial market like most mainstream digital assets

It is reported that in September 2018, the company launched a price swap transaction between Bitcoin and Ethereum, and announced that it will accept BTC, ETH and other tokens as settlement units in the near future.

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