Potential price increase of BNB coin in next 2024 cycle

[yohananaomi]

In fact, this is something that is very good and should never be stopped, the burning program is very useful for BNB price movements, we can see that the price of BNB from the beginning of the year has been very cheap, but with various programs such as burning and launchpad, BNB has a price this expensive.

As I have presented, the process of burning BNB from Binance CEX revenue will stop when the total supply of BNB is reduced by 50%, although this process is slowing down because the price of BNB has reached a high price compared to the ICO price ~$0.15 in 2017. I have high expectations for the positive impact related to the increase in scarcity from the amount of BNB burned from transaction fees on the BNB chain. The more vibrant the ecosystem, the more transactions there are, the more BNB is burned, and the less BNB there is in the market - that is the sustainable driver for the price increase of the BNB token, not dependent on any crypto company like Binance CEX. Binance itself also wants the BNB chain to become independent of Binance, and the name change from Binance-Smart-Chain to Build-and-Build-Chain also has a similar purpose ^^

That's right, a scarcity of BNB will occur when the longer they burn BNB, the more difficult it will be to get BNB, ultimately making the price very expensive. For now, BNB may still have quite a lot of supply, but in the next 20 years, BNB will probably be very expensive. difficult to obtain and expensive.

Theoretically, what you say is true can happen, because every addition is always reduced to suit what they want so that prices can adjust accordingly. The general logic is that whenever demand is greater than supply, the price will automatically increase. If you don't burn, of course, the amount of supply will continue to increase and reduce the desired value.