Topic: 1 Million BNB Burnt today - page 4. (Read 801 times)
Well, since the burning, there hasn't been any significant change from BNB, right? even now the price is back closer to $ 500. however, it can strengthen the current price. I think the price of BNB will go up in the near future because the burning of coins is quite a lot.
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
looks like this is the 15th burn binance has done. the purpose of the burning is to anticipate the fall in lower prices. maybe after this burning is done in the future the bnb price will increase because the token supply is already small and the demand on the market is large. That's why I think the price of BNB will be higher for the future
The burn is already done? Why is the price keeps dropping then?
It goes to show that a lot of sells going on in the crypto space are done ignorantly on bandwagon effect. Investors sell because others are selling. Otherwise, how does one explain the fact that burning of a coin just happened and people are selling off when they're supposed to keep hodling their coins in expectation that a surge will definitely happen?
Truth is that most investors don't go through the fundamentals to find out what is in the news. All they do is watch the reaction of others to price and follow their lead sheepishly. Whenever they find out that price is dumping, they panic and sell off without knowing why others are selling in the first place. Veteran investors will buy BNB on this news of burnt coins because sooner or later the effect will reflect on the price of BNB. This won't go beyond next week before price shoots up again. Who knows, we may see $1,000 with this next rally coming up.
Although the burning of BNB in large numbers has been done, the results were far from what was expected. The price did not go up drastically
as predicted by many people, it may increase or the effect is slow. I also don't understand what's wrong with BNB, I'll just try HODL first, the BNB I have,
while looking at the development of BNB in the next few weeks. I'm sure BNB will rise in the near future, sometimes we just have to be a little patient.
I think we need to be patient as the efficiency of this process will be relatively slow because the value of BNB is no longer two digits, it is three digits and the future chance will be four digits, for every ladder it hits, it all will require a strong enough accumulation for it to increase rapidly. Today's burning event is just a form of advertisement to talk about the scarcity of BNB, this source of information will be a valuable opportunity for investors to buy more, BNB only needs a few more boosting factors, we will very quickly see the dramatic change in BNB. as predicted by many people, it may increase or the effect is slow. I also don't understand what's wrong with BNB, I'll just try HODL first, the BNB I have,
while looking at the development of BNB in the next few weeks. I'm sure BNB will rise in the near future, sometimes we just have to be a little patient.
Actually, the pump was happening when Binance buying the coin before they burn it.
They must be accumulating the BNB over time before they announce that they burned the coin.
So, i think BNB coin won't pass its ATH for now, but the next burn will.
They must be accumulating the BNB over time before they announce that they burned the coin.
So, i think BNB coin won't pass its ATH for now, but the next burn will.
Although the burning of BNB in large numbers has been done, the results were far from what was expected. The price did not go up drastically
as predicted by many people, it may increase or the effect is slow. I also don't understand what's wrong with BNB, I'll just try HODL first, the BNB I have,
while looking at the development of BNB in the next few weeks. I'm sure BNB will rise in the near future, sometimes we just have to be a little patient.
as predicted by many people, it may increase or the effect is slow. I also don't understand what's wrong with BNB, I'll just try HODL first, the BNB I have,
while looking at the development of BNB in the next few weeks. I'm sure BNB will rise in the near future, sometimes we just have to be a little patient.
I think binance i playing a dirty game that no one can understand yet
But nothing stay hidden for every under the sun
Just saying
But nothing stay hidden for every under the sun
Just saying
Really they already burned it? but the price still around $500.. seems it's not yet effective, I thought it will pump after they burning it. Maybe let's just wait a little bit who knows anytime it will pump suddenly. I believe burning tokens will increase the price.
I totally agree with you about the burning of BNB. If the burning of BNB is effective then its price should not be such a big correction. On the contrary, in the last few days, the price of BNB has been revised down to $100. However, my expectation is that if the issue of burn is implemented, BNB will pump again very soon and it will reach $1K.
I think there will be slight gains but in about a week or two we should see the graphs at around $506.44 for a longer period. It also depends a lot of how monthly BTC candle will be closed.
Demand and price seem to rise.
Do we see the $1000 levels? I do not know.
Do we see the $1000 levels? I do not know.
Really they already burned it? but the price still around $500.. seems it's not yet effective, I thought it will pump after they burning it. Maybe let's just wait a little bit who knows anytime it will pump suddenly. I believe burning tokens will increase the price.
The community gets the news that there will be a BNB coin burning this month. that's what made the increase happen. and it is truly extraordinary.
Unfortunately, when the burning moment occurred, the market was correcting. that's what made the response from BNB and BTC holders also securing their assets. I think now is the time for them to come back because BTC has started to stabilize the market price. and it will be a good time for altcoins like BNB to make another move.
Unfortunately, when the burning moment occurred, the market was correcting. that's what made the response from BNB and BTC holders also securing their assets. I think now is the time for them to come back because BTC has started to stabilize the market price. and it will be a good time for altcoins like BNB to make another move.
It is the game of by the rumor sell the news thing, immediately the next bnb burn was announced it trigger a huge buy movement, lots of investors where already buying bnb prior to the actual burning time and sell to take profit few days to the event, reason why even when the burn has occurred it won't take effect on price immediately, this will occur slowly,
Am guessing the correction is done and probably another opportunity to buy before the next price movement.
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?
Are you kidding? That is half of billion dollars? Even they are not doing this, I am sure BNB will keep going with bull run as it got many real world applications. Honestly I somehow could get their intention for burning this much amount of BNB coins. Yes, in some sense, we need to understand it like binance is caring about its investors and to get them best possible benefits, they are doing this kind of other activities which are always leading to assured appreciation of coins.I read binance's sister concern wazirx also burning some multiple of its exchange token to fire up its rally. Already wazirx token is on good rally like BNB coin. I guess binance is dominating in crypto space by all these.
Since the burning of BNB is so big some time ago but at the moment the price movement has not also happened to a better number, what happens with BNB today we have to wait for the next surprise until this year BNB can reach the new ATH, and I am sure BNB will rival ethreum in the second place for the future especially since the existence of the BSC network that has been relied on in coin transactions.
maybe the effect of the increase in BNB can be seen in the future, because the BNB market is very large, they when burning a large number of tokens cannot immediately increase the price. So I think this burn is the initial stage for BNB to go higher in the future
this is cool news. The price after these planned token burnings will only go up. I think that we will surprise the price tag of several thousand dollars very soon.
now it doesn't seem to have much effect on the price, and maybe yesterday's increase in binance was the effect of burning this time, we have to keep an eye on this in case of a downturn and get ready to re-enter when the price improves.
The impact from the token burn already happened since last months and I think that you must watch monthly chart and that was showing what impact that already made caused by this burn. The IEO was also making the price of BNB goes crazy right now.
I think that the dump that is happening recently just another correction. Remember that the burn will give a long term impact.
Binance will also try to create more and more innovation as well. The impact from the burn has been making binance goes from 200 to the 500
1 million is very significant, given that the entire circulating supply is only 154 million. And this makes BNB unique when compared to other altcoins such as XRP and DOGE. I don't think that a lot many of the altcoins have this decreasing supply algorithm, similar to what they have in BNB. It benefits the users in the end, as the burn events increase the value of the remaining coins. And the impact can be seen in the exchange rates as well. BNB is holding on, despite the disappointing NASDAQ listing by Coinbase.
Well the news has been announced for a long time and if I realized it, I think most people bought it and kept it at a good price, BNB has a way to get people to come to them. Given its current level of growth and potential it is fully believed that by the end of the BNB bull season it will be possible to surpass $1000.
The burn is already done? Why is the price keeps dropping then? BNB needs to retrace it's all time high to start surging again but right now I don't see any bullish trend but I believe that 520$ per BNB is still a steal, BCH on the other hand is going to 1000$ wether you like it or not, many people hate BCH but it has what it takes, anyways it's not to late to buy BNB
This news is very busy talking on social media this time, we will never know when Binance buys more tokens to burn, for now it doesn't seem to have much effect on the price, and maybe yesterday's increase in binance was the effect of burning this time, we have to keep an eye on this in case of a downturn and get ready to re-enter when the price improves.
Unfortunately, when the burning moment occurred, the market was correcting. that's what made the response from BNB and BTC holders also securing their assets. I think now is the time for them to come back because BTC has started to stabilize the market price. and it will be a good time for altcoins like BNB to make another move.
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