Impact of the event Binance burned $600M in BNB

[raisajahan]

I think its a great initiative for investor by the team of binance because every investor will be benefited from bnb for burning the coin. Because of burning the price of bnb will rise more and more which we have already seen in the market. Bnb price is increasing in number from last few month.

[alltalk]

The most visible is the impact of the price increase of the BNB coin. After the burning event, the price of BNB coin should increase gradually because the total supply is decreasing. So, it is good if you are still holding your BNB coin, it will increase the value. I am still holding some BNB coins, then I just plan to sell if I think the price is already high enough.

[Dexzon]

BNB price increases are certain to happen when the #DevelopmentTeam  decided to burn coins from circukation supply.
I am wondering whether CZ would do that every 3 months to pump up the price! but after I saw the development and progress of the BSC, I am sure the price has increased because many projects have migrated to BSC which later the developers will need this coin for fuel as delivery transactions

[marcsymons]

Binance is one of the most popular exchanges to buy altcoins. Part of their market initiatives is to buy back their BNB coin at market price and they will burn it which means that purchased coins will vanish from the market. It will result in a higher price for the remaining BNB coins.

[collinsjie]

It will have a great impact on the project. The price of BNB will shoot up and the value of the coin will increase. The project will attract a lot of investors. Binance has a great future for its investors.

[Callisto]

I want to say, after a long time, after your analysis, the price tag for this coin began to grow rapidly, Binance definitely has the prospects to take the 2nd place in terms of capitalization among all crypto coins and their strategy for the development of their coin is definitely correct, this is evidenced by the price practically 500 dollars. Also their blockchain is very popular and the gas price is great.

[36B]

In my opinion, the process of burning the BNB supply is very good and has become a mandatory thing to do if you want to get a price increase on the coin because the more difficult it is to get BNB will make the price very expensive, especially BNB currently has a very large exchange platform so it can make it even more expensive.

[Google+]

when there is a burn on a coin that has a good reputation and a platform that is widely used by people, it will definitely have a direct impact on the price of coins at the exchange, if you look at BNB which has a platform where the Binance exchange is, it can definitely have an impact good for BNB price movements.

[tervel]

 Burning currencies is an easy and most common way to reduce the supply of symbols, which leads to higher prices. Binance will have more users, have more profits and burn more BNB, and the price of BNB will continue to rise. Binance created the perfect loop to raise BNB prices for promote Binance.

[Freemind]

The fact that Binance regularly burns BNB has many positives for the coin and Binance. Not only do they reduce the total supply by burning coins, but they also increase their value and increase investor confidence to keep investing, that is why the Binanace chain (BSC) is increasingly used by investors and teams who want to launch their projects in a fast and cheap secure chain. BSC may not outperform Ethereum, but it is attracting many users who are tired of high transaction fees, and that's the first step to a much bigger adoption.