Topic: 1 Million BNB Burnt today - page 2. (Read 801 times)
Of course it will have an effect on the price of BNB in the future, because the amount has decreased but the demand for BNB continues to increase, the price will increase, that is the basic logic of the economy but of course there will be other factors that influence this.
Hey,
If you are not aware of this, Binance today burnt 1 Million BNB worth $500 Million dollars. What is the expected price jump in BNB due to this?
Would love to know your feedback
If you are not aware of this, Binance today burnt 1 Million BNB worth $500 Million dollars. What is the expected price jump in BNB due to this?
Would love to know your feedback
The recent price pump in BNB token is as a result of buy the rumour and sell the news, this has been priced into the price again anyone buying expecting the price to go up now is going to lose money short term. I am very bullish on the tokens long term but if you think this burnt is going to affect the price after announcement then you have missed the opportunity
Still I don't like that there seem to only be rumors upfront about burning. Does Binance not announce in advance when those burns will approximately happen?
All that burning and price didn't actually improve, though! I mean, of course now markets are recovering and alts aren't far behind in improving from their weekend standing.
But BNB has always been burning supply regularly. Not sure if the effect will always be evident with every new burn.
BNB is trading near 0.0092 BTC right now and I guess that has become possible because of continuous burning process. They already got real life usage for BNB coin and they are regularly emphasizing about holding BNB coins for VIP status for the traders whoa re active in binance exchange and when they are doing multiple methods to get more value for BNB then I guess it will someday beat ethereum at least in BTC values (currently ethereum is trading near 0.04BTC which is 4x more than BNB) if you are calculating marketcap is something completely different one. But BNB has always been burning supply regularly. Not sure if the effect will always be evident with every new burn.
All that burning and price didn't actually improve, though! I mean, of course now markets are recovering and alts aren't far behind in improving from their weekend standing.
But BNB has always been burning supply regularly. Not sure if the effect will always be evident with every new burn.
Meanwhile, NFT markets I see on BNB are spiking.
But BNB has always been burning supply regularly. Not sure if the effect will always be evident with every new burn.
Meanwhile, NFT markets I see on BNB are spiking.
The exchange rate hasn't gone up because BNB is already overpriced. During the last few weeks, the prices went up by manytimes. On top of that, Coinbase had a rather disappointing listing last week. That will have some (negative) impact on the BNB prices. And worse still, COIN may dip further today, due to the bloodbath we had in the cryptocurrency market during the last few days. And again, this will put a lot of pressure on BNB.
All that burning and price didn't actually improve, though! I mean, of course now markets are recovering and alts aren't far behind in improving from their weekend standing.
But BNB has always been burning supply regularly. Not sure if the effect will always be evident with every new burn.
Meanwhile, NFT markets I see on BNB are spiking.
But BNB has always been burning supply regularly. Not sure if the effect will always be evident with every new burn.
Meanwhile, NFT markets I see on BNB are spiking.
That's the normal scene that we have to see every burning. The effect won't give you a fast response as if it's an instant effect to its economy and market.
Yesterday, it was under $500.
But today, it's now $530.
The market recovered and almost all of the coins are showing signs of recovery and so is the reason BNB also recovered from the slump which took them below $500 and the burning of coins will show its valuation in due time. I am not sure how long they will be burning the coins as they have premined a hell lot of coins, so lets see how this will change the valuation in the next few days if the market is still green. Yesterday, it was under $500.
But today, it's now $530.
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Yes, but there are also other goals that are more specific in my opinion, namely for the sake of a sharper increase in prices in the future, because when the circulating supply has decreased, the price will be even more expensive.
not so, it all depends on the demand which is also the request is influenced by the related project business model. We know that BNB is currently not only used to reduce trading fees on Binance, but BNB is also used to make contracts on the BSC Network, which is currently a lot of demand for BNB because the Ethereum blockchain network is not at its best, well transaction fees are expensive. hampers most of the activities on the Ethereum blockchain network.and the burning of tokens makes the price even crazier and is predicted to continue to rise because many people still need BNB
Maybe it could go as high as $1000. But as it goes, there seems to be a slow down and a dip came.
You don't expect the effect of it to come after the burn that just happened. BNB burning will lessen the supply and we're all aware that if there's a lesser supply in the market.
It will make the demand and price to shoot up.
don't worry about this drop. we all know how BNB's assets will be in high demand in the future. despite the downturn and not what we expected in the current burn, we will see it make improvements in the future. just enjoy the current market for better investment planning. wait for bitcoin to strengthen, we'll see BNB in action.You don't expect the effect of it to come after the burn that just happened. BNB burning will lessen the supply and we're all aware that if there's a lesser supply in the market.
It will make the demand and price to shoot up.
That's the normal scene that we have to see every burning. The effect won't give you a fast response as if it's an instant effect to its economy and market.
Yesterday, it was under $500.
But today, it's now $530.
There is a lot of news circulating about this on social media, but for now there is no influence on the current price of BNB even though BNB has burned some of its coins
for the next few days, the BNB price will continue to fall until the price movement begins to stabilize and will improve the current BNB price which continues to shrink.
I don't think the effect on the burning of BNB coins will be immediate, BNB will adjust prices and the market in the future and will require stages. the most important thing now is that we can try to see the great potential for BNB in the future very clearly for the next few days, the BNB price will continue to fall until the price movement begins to stabilize and will improve the current BNB price which continues to shrink.
Hey,
If you are not aware of this, Binance today burnt 1 Million BNB worth $500 Million dollars. What is the expected price jump in BNB due to this?
Would love to know your feedback
If you are not aware of this, Binance today burnt 1 Million BNB worth $500 Million dollars. What is the expected price jump in BNB due to this?
Would love to know your feedback
The recent price pump in BNB token is as a result of buy the rumour and sell the news, this has been priced into the price again anyone buying expecting the price to go up now is going to lose money short term. I am very bullish on the tokens long term but if you think this burnt is going to affect the price after announcement then you have missed the opportunity
I am really a fan of burn, but it's necessary for some road map and price upward action. The burning of this 1M BNB could send BNB straight to $1k when the market gains stability again. I am going to hold on to the few BNB i have left.
I am happy to hear from this BNB token burning. because the purpose of this burning is to provide stability to the price of the BNB coin itself.
The combustion increases the scarcity in the midst of increasing demand, as a result increases the value of the BNB and prevents the price from falling, that's their speculation, we can only hope the plan goes smoothly.
I think the purpose of this burning is to reduce the supply of their tokens in the market, and to support the process of increasing the price of BNB, of a course this is very good to do to adjust the number of coins in the market, with the reduced a supply of tokens it will make the demand increase, I salute by a creative BNB management to build the binance development,
Yes, and the burning of BNB tokens was not only carried out this year, but in previous years there was also so that the results can be seen and felt by the current BNB holder, obviously this work is extraordinary because this is also for the sake of safeguarding the BNB token remains valuable in the market. 
I think the purpose of this burning is to reduce the supply of their tokens in the market, and to support the process of increasing the price of BNB, of a course this is very good to do to adjust the number of coins in the market, with the reduced a supply of tokens it will make the demand increase, I salute by a creative BNB management to build the binance development,
I am happy to hear from this BNB token burning. because the purpose of this burning is to provide stability to the price of the BNB coin itself.
Yes, but there are also other goals that are more specific in my opinion, namely for the sake of a sharper increase in prices in the future, because when the circulating supply has decreased, the price will be even more expensive.I am happy to hear from this BNB token burning. because the purpose of this burning is to provide stability to the price of the BNB coin itself.
Yes, but there are also other goals that are more specific in my opinion, namely for the sake of a sharper increase in prices in the future, because when the circulating supply has decreased, the price will be even more expensive.
I am happy to hear from this BNB token burning. because the purpose of this burning is to provide stability to the price of the BNB coin itself.
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Binance's routine agenda is to reduce the supply of their tokens in the market to support the increase in the price of these tokens. As for after the burning was carried out, the price of the BNB was lower again due to market correction and the price increased again after the market correction occurred, the investment in BNB was very profitable.
I think the main objective is not to increase the price. This is a market control that the Binance developers are doing very well by creating a BNB coin that people will always be looking for.Binance's routine agenda is to reduce the supply of their tokens in the market to support the increase in the price of these tokens. As for after the burning was carried out, the price of the BNB was lower again due to market correction and the price increased again after the market correction occurred, the investment in BNB was very profitable.
they created BNB with the condition that there will always be an increase in adoption in the future. Their developers are really very smart already planning their market very well.
because for those who know the potential of BNB. then 2-3 years ago. they would never sell BNB at such a low price.
maybe Binance wants a higher price in the future so they have to reduce their token supply. thus BNB will be a little scarce and make the price higher because many need it. I think that's the reason they burned 1 million BNB.
As far as I know, burning BNB tokens has become one of the agenda of activities that are carried out almost every 3 months and this is done to reduce the number of BNB coins in circulation so that it can encourage the increase in BNB prices in the market, so it's no wonder that currently BNB prices continue to rise because indeed the supply of coins is decreasing, and to my knowledge Binance has also burned 3,691,888 BNB in January 2021 and according to the news circulating that Binance will continue to burn their coins, the remaining 100 million BNB or about 50% of the total available supply.Binance's routine agenda is to reduce the supply of their tokens in the market to support the increase in the price of these tokens. As for after the burning was carried out, the price of the BNB was lower again due to market correction and the price increased again after the market correction occurred, the investment in BNB was very profitable.
There is a lot of news circulating about this on social media, but for now there is no influence on the current price of BNB even though BNB has burned some of its coins
for the next few days, the BNB price will continue to fall until the price movement begins to stabilize and will improve the current BNB price which continues to shrink.
The decline in Altcoin prices that is happening now including BNB is a result of the correction that occurred in Bitcoin, so that market conditions are starting to look red, but in terms of BNB prices I see the decline is not so drastic either that the potential to continue to experience a pump is clearly very large. for the next few days, the BNB price will continue to fall until the price movement begins to stabilize and will improve the current BNB price which continues to shrink.
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