Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Binance Smart Chain + Ecosystem => Binance Coin (BNB) => Topic started by: Zed0X on January 18, 2021, 08:31:20 AM
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CZ announced earlier that the 14th burning of BNB will commence in 48 hours but there is no details yet as to how many coins will be burned this time. The market has reacted quite positively (again) with the announcement as you can see in the 24H price increase.
(https://i.ibb.co/G55bKrt/Untitled.png)
source (https://twitter.com/cz_binance/status/1350833812188459009)
Are you buying or have you bought?
posted a similar topic in another forum
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After each burn, the BNB price has increased significantly and has managed to expand its volume, especially in the last quarter of 2020.
With a 12% rise in one day before this burn, it reached an all-time high of $ 46.
I think the increase has been achieved for this burning process.
100 BNB is worth 4600 dollars. I think it's a huge number. (It makes more sense to sell rather than buy)
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^ Maybe so. We'll find out after the burn. One thing to consider is the fact that the burn continues while we're still in a bullrun. Price limitations usually doesn't apply (or price increase doesn't make sense) when there's huge inflow to the crypto market. A $46 ATH could be a new low in the weeks or months to come.
To all newbies by the way, buy what you can afford to lose.
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There may be some retraction after it burns, but I don't think it will be that serious. There are a lot of money locks as Bnb already does launchpool all the time. For btcst token alone, more than 10 million tokens were locked in the early days, even now there are more than 5 million locked tokens. Binance systematically burns BNB coins, and one day billion dollars will easily go above $ 100.
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There may be some retraction after it burns, but I don't think it will be that serious. There are a lot of money locks as Bnb already does launchpool all the time. For btcst token alone, more than 10 million tokens were locked in the early days, even now there are more than 5 million locked tokens. Binance systematically burns BNB coins, and one day billion dollars will easily go above $ 100.
you are right .. i think it will be $ 100.But I don't think this will happen immediately.Look, it costs $ 45 today.
What I meant was this,It has already been priced for the 14th burning process. Even if it falls a little from here, the BNB price will continue upward.
But I do not buy BNB at this price. I would only sell what I got gradually
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There may be some retraction after it burns, but I don't think it will be that serious. There are a lot of money locks as Bnb already does launchpool all the time. For btcst token alone, more than 10 million tokens were locked in the early days, even now there are more than 5 million locked tokens. Binance systematically burns BNB coins, and one day billion dollars will easily go above $ 100.
you are right .. i think it will be $ 100.But I don't think this will happen immediately.Look, it costs $ 45 today.
What I meant was this,It has already been priced for the 14th burning process. Even if it falls a little from here, the BNB price will continue upward.
But I do not buy BNB at this price. I would only sell what I got gradually
I think BNB won't be $ 100 anytime soon, but in a possible altcoin bull, it could see $ 100 in a short time. Perhaps most of the whales are waiting for the outcome of the tether coin. If a positive result comes out or the case is postponed, the expected altcoin rally may come. And then we can see what the BNB coin will be.
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It's amazing that Binance is able to create something really extraordinary.
Now it is for Binance's 14th coin burn and now Binance is holding IEO on Launchpad.
With this kind of power there are 2 possibilities that will be able to increase the price of Binance, Burning and IEO.
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That is certain because all the altcoins also if there is a burning then it is certain that the coin supply is small and it will be able to increase the price of the altcoin itself.
Binance has planned the burning of this coin perfectly and we are just waiting for the best moment for the increase in the price of Binance coins.
Indeed this Changpeng Zhao is truly extraordinary in thinking of developing his coins and I am a very genius.
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They are very good at burning coins in a specific order. I think Cz's biggest goal was $ 100 for Bnb coin and he did it with more. Currently, binance smartchain has become a highly preferred network due to the density and high commissions on the ethereum network. This situation had a positive effect on Bnb's price. If the markets continue in this way, it is possible to see new peaks.