well, maybe the burning of tokens will have the effect of increasing the price of BNB, but I don't think it will be much. maybe, when a bull run occurs, the price of BNB may reach the price of $1k. I think the price of BNB will really go up to that price when the price of bitcoin also goes up.
I agree with your opinion. The burning of tokens can increase the price of the coin, but will not make the price of BNB reach 1k. The BNB price is only 300$ meaning it will take up to 330% increase to make the BNB price reach 1k. But I am confident despite slow fast BNB price will rise to 1k, we just need to be patient waiting for it.
Increasing from $300 to $1k isn't needed 330%, the fact it only need around 200% to achieve that.
Bnb fundamental really very strong , they have good developtment in feature and attractive CEO that always make investors calm and not panic facing this bearish market. Due this ways, investors will surely confidence buy and hold bnb.
I agree with you, BNB has a smart CEO. Just now CZ announced the quarter token burn, and at the same time announced the 20th Binance Launchpad project. This will make the price of BNB soar.
They have announced it since last month IIRC when someone ask CZ when Bnb 16th will be begin, and CZ answered " July 15th - 18th July ish" which mean there are 2 days more before it happened. I kinda doubt there will be spike on BNB for this burning since last burning was hyped and made BNB soaring when 1-2 weeks before burning