OKT Token Skyrockets 80% in 24 Hours Fueled by New Inscriptions
The dominating bullish belief in the crypto market is considerably affecting almost all digital properties. Lesser-known cryptocurrencies like OKT, the native token for the layer-1 blockchain network OKT Chain (OKTC), rose by 80% over the previous 24 hours.
Information from BeInCrypto reveals that OKT's cost went from $14.7 to a 9-month high of $30. Its worth has actually backtracked to $25 as of press time.
Why Did OKT's Price Skyrocket?
The exceptional rise in OKT's cost can be credited to increased interest from the inaugural inscription-minting occasion hosted on the OKT Chain.
Engravings on layer-1 blockchain networks like OKT Chain run by keeping metadata within the call information of a blockchain deal. These engravings resemble Bitcoin Ordinals as they basically produce non-fungibl...