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Binance Coin (BNB) / Re: Potential price increase of BNB coin in next 2024 cycle
« on: Today at 12:37:58 AM »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.In fact, as the price of BNB increases, Binance will buy back and burn less BNB, which means that the burn rate will also slow down and we will not see the total supply of BNB reach 50% anytime soon. At the same time, I think that 100M BNB is also enough to meet the usage needs of users in the BNB chain and opBNB ecosystem. Burning tokens can indeed increase the scarcity of BNB, but I think it has a stronger impact on the price in terms of marketing.
It would be too early to say whether BNB can reach a price of tens of thousands of $ in the future. I am only waiting for BNB to set a new ATH in this bullrun and possibly conquer the $1K price range in 2025.