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.

[MUGNIA]

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.

could it be said that the end of bnb could be like BTC if there was always burning in every transaction? if bnb has 200 million and burned 38.92 million BNB coins then the remaining BNB is currently 161.08 million ( source: https://bnbburn.info/ )
Will there be burning again at another opportunity for bnb in the future?

[bayu7adi]

+ CZ is no longer the CEO of Binance, this is a loss in management and communication. In my opinion, CZ is as important to Binance as ElonMusk is to Tesla.

I think someone will still be able to contribute behind the scenes to maintain investor relations. CZ is no longer CEO, but CZ does not say that he hates Binance. That means, every step that Binance takes, it could still get a recommendation from CZ or maybe this could also make CZ someone who doesn't want to be too famous by controlling Binance from behind the scenes.

The point is I don't believe 100% that CZ is really leaving Binance. Their names are very attached and synonymous.

[JISAN]

+ CZ is no longer the CEO of Binance, this is a loss in management and communication. In my opinion, CZ is as important to Binance as ElonMusk is to Tesla.

I think someone will still be able to contribute behind the scenes to maintain investor relations. CZ is no longer CEO, but CZ does not say that he hates Binance. That means, every step that Binance takes, it could still get a recommendation from CZ or maybe this could also make CZ someone who doesn't want to be too famous by controlling Binance from behind the scenes.

The point is I don't believe 100% that CZ is really leaving Binance. Their names are very attached and synonymous.

CZ has been the CEO of Binance for a long time and has been known to the youth community to the extent that no other CEO of Binance has been known like him. So CZ will never leave Binance he only retired from his CEO role but he didn't say that he has left Binance completely and will have nothing more to do with Binance.  I also think CZ is still doing a lot of other Binance stuff on the backend and giving the new CEO a lot of support

[yohananaomi]

+ CZ is no longer the CEO of Binance, this is a loss in management and communication. In my opinion, CZ is as important to Binance as ElonMusk is to Tesla.

I think someone will still be able to contribute behind the scenes to maintain investor relations. CZ is no longer CEO, but CZ does not say that he hates Binance. That means, every step that Binance takes, it could still get a recommendation from CZ or maybe this could also make CZ someone who doesn't want to be too famous by controlling Binance from behind the scenes.

The point is I don't believe 100% that CZ is really leaving Binance. Their names are very attached and synonymous.

CZ has been the CEO of Binance for a long time and has been known to the youth community to the extent that no other CEO of Binance has been known like him. So CZ will never leave Binance he only retired from his CEO role but he didn't say that he has left Binance completely and will have nothing more to do with Binance.  I also think CZ is still doing a lot of other Binance stuff on the backend and giving the new CEO a lot of support

As responsibility for the mistakes that have been made, of course we must appreciate what CZ has done to let go of the CEO he has held so far, and give him a replacement who is clearly trustworthy, and knows all the problems that have been caused so far.
I also have the same belief as you, that because he is no longer CEO, it doesn't mean he doesn't have a contribution, he will still be able to have direct control over what he wants. Binance without him is certainly very risky because the management has been very good so far and has proven to be the best to date.

[MrSpasybo]

As responsibility for the mistakes that have been made, of course we must appreciate what CZ has done to let go of the CEO he has held so far, and give him a replacement who is clearly trustworthy, and knows all the problems that have been caused so far.
I also have the same belief as you, that because he is no longer CEO, it doesn't mean he doesn't have a contribution, he will still be able to have direct control over what he wants. Binance without him is certainly very risky because the management has been very good so far and has proven to be the best to date.

I believe that CZ's decision is the best for the future of Binance in the crypto market, and even though he has left Binance, CZ still has many ways to support Binance with his experience. Binance is the greatest achievement that CZ has created, and CZ will not abandon Binance. When Binance is OK, the BNB chain will continue to develop and the BNB price will continue to be well supported!

Leaving Binance only makes CZ's story more interesting and heroic. To me, CZ is a wise and true hero in the crypto market, while Sam BF is just a young, arrogant and deceitful person.

[vegasus]

I believe that CZ's decision is the best for the future of Binance in the crypto market, and even though he has left Binance, CZ still has many ways to support Binance with his experience. Binance is the greatest achievement that CZ has created, and CZ will not abandon Binance. When Binance is OK, the BNB chain will continue to develop and the BNB price will continue to be well supported!

Yes, it's true, CZ didn't just leave Binance. His name is no longer the CEO of Binance but he still has a contribution to the platform. Binance's development is closely related to CZ's success in bringing it to this point. And Binance also has a strong team behind it, so they will continue to advance and develop no matter what the conditions are. Maybe for the past few months, Binance didn't develop much because that's normal, it's just the beginning of the transition of positions. Moreover, Binance after experiencing a very big problem, of course it's not that easy to deal with it. However, as time goes by, it will continue to move forward.

For now, the price of BNB has also started to rise again, following the increasing price movement of BTC. Even today there has been a fairly good increase for BNB, which is around 2.14% with the highest price today at $ 582. Indeed, if compared to the last 7 days, the current price is still relatively down, but it has been getting better. Hopefully the price will go up to $ 600 again soon.

[MrSpasybo]

Yes, it's true, CZ didn't just leave Binance. His name is no longer the CEO of Binance but he still has a contribution to the platform. Binance's development is closely related to CZ's success in bringing it to this point. And Binance also has a strong team behind it, so they will continue to advance and develop no matter what the conditions are. Maybe for the past few months, Binance didn't develop much because that's normal, it's just the beginning of the transition of positions. Moreover, Binance after experiencing a very big problem, of course it's not that easy to deal with it. However, as time goes by, it will continue to move forward.

For now, the price of BNB has also started to rise again, following the increasing price movement of BTC. Even today there has been a fairly good increase for BNB, which is around 2.14% with the highest price today at $ 582. Indeed, if compared to the last 7 days, the current price is still relatively down, but it has been getting better. Hopefully the price will go up to $ 600 again soon.

CZ influence and intelligence will always contribute positively to Binance development. Binance has experienced rapid growth to become the largest CEX in the global crypto market despite being restricted in the US crypto market. Now it's time for legal compliance to solidify Binance position in the market.

The development goal of BNB chain hasn't been truly focused after CZ stepped down as CEO. I'm quite confused about this even though Binance has many new IEOs. However, we still see many BNB tokens burned from Binance CEX profits and BNB price continues its uptrend. This is a good sign for BNB investors to continue holding BNB tightly.

[vegasus]

Yes, it's true, CZ didn't just leave Binance. His name is no longer the CEO of Binance but he still has a contribution to the platform. Binance's development is closely related to CZ's success in bringing it to this point. And Binance also has a strong team behind it, so they will continue to advance and develop no matter what the conditions are.

CZ influence and intelligence will always contribute positively to Binance development. Binance has experienced rapid growth to become the largest CEX in the global crypto market despite being restricted in the US crypto market. Now it's time for legal compliance to solidify Binance position in the market.

Indeed, they are a group of professional and experienced people. So, they can face various obstacles that have hit Binance so far. CZ also has a solid and pro team, so, it won't really have much effect because once again. CZ is still at Binance.

The challenge for Binance right now is related to the BSC network which currently has quite tough competitors. Namely the Solana and TON networks. So no matter what, Binance also has to make significant progress to make more investors survive and remain interested in Binance, from everything, including its BSC blockchain network. Because this is also one of Binance's strengths, besides the BNB coin, CEX exchanges, and so on.

[MrSpasybo]

Indeed, they are a group of professional and experienced people. So, they can face various obstacles that have hit Binance so far. CZ also has a solid and pro team, so, it won't really have much effect because once again. CZ is still at Binance.

The challenge for Binance right now is related to the BSC network which currently has quite tough competitors. Namely the Solana and TON networks. So no matter what, Binance also has to make significant progress to make more investors survive and remain interested in Binance, from everything, including its BSC blockchain network. Because this is also one of Binance's strengths, besides the BNB coin, CEX exchanges, and so on.

I also hope that Binance will continue to receive positive contributions from CZ, perhaps thanks to CZ reputation and experience in this market. I really can't get used to the absence of a truly important KOL in the market. We used to have Sam, Do Kwon, and CZ, but now all three are unable to speak up to support crypto.

The emergence of powerful platforms like Solana, Avalanche, Near, Fantom, and Ton is threatening the position of the BNB chain. BNB chain users are starting to want to explore the potential and opportunities in other ecosystems. However, I believe that competition always creates development, meaning that the BNB chain will have more motivation to develop and bring more value to users in this cycle.

[yohananaomi]

-snip-
The emergence of powerful platforms like Solana, Avalanche, Near, Fantom, and Ton is threatening the position of the BNB chain. BNB chain users are starting to want to explore the potential and opportunities in other ecosystems. However, I believe that competition always creates development, meaning that the BNB chain will have more motivation to develop and bring more value to users in this cycle.

Very dynamic competition and can be present and provide encouragement for anyone to be better and always provide more innovation than before, and this is certainly a very good competition so that users will get the best treats that can be received.
But I am very sure that in BSC will continue to be able to provide even better in this competition, because its quality is very quality and has been proven so far.

[MrSpasybo]

Very dynamic competition and can be present and provide encouragement for anyone to be better and always provide more innovation than before, and this is certainly a very good competition so that users will get the best treats that can be received.
But I am very sure that in BSC will continue to be able to provide even better in this competition, because its quality is very quality and has been proven so far.

Yeah, competition is the driving force of development, and users will benefit more from blockchains: higher speed, lower fees, and more features. But investors will also have to make more careful choices to find the most beneficial ecosystem for their investment. Bnb chain is just one of many potential options in this market.

Given Binance current position in the crypto market, I think that the Bng chain will continue to exist and develop along with this market, and the BNB price will continue to be supported and reach new higher price ranges. If have BNB in account, at least investors can temporarily rest assured about the profit in this bullrun 2025.

[yohananaomi]

-snip-
Given Binance current position in the crypto market, I think that the Bng chain will continue to exist and develop along with this market, and the BNB price will continue to be supported and reach new higher price ranges. If have BNB in account, at least investors can temporarily rest assured about the profit in this bullrun 2025.

Binance, even though it has experienced unpleasant things, with its strength, is still able to move and recover and only momentarily be disturbed. I agree with you, I think Binance will continue to grow because of its good reputation, and it must be remembered that its followers are quite large and always provide innovation. This is what finally makes BNB the best altcoin after Ethereum. It is not impossible that the surprise that was. It in 2021 with a sharp increase, will be done again in 2025, we will wait for that.

[Jating]

-snip-
Given Binance current position in the crypto market, I think that the Bng chain will continue to exist and develop along with this market, and the BNB price will continue to be supported and reach new higher price ranges. If have BNB in account, at least investors can temporarily rest assured about the profit in this bullrun 2025.

Binance, even though it has experienced unpleasant things, with its strength, is still able to move and recover and only momentarily be disturbed. I agree with you, I think Binance will continue to grow because of its good reputation, and it must be remembered that its followers are quite large and always provide innovation. This is what finally makes BNB the best altcoin after Ethereum. It is not impossible that the surprise that was. It in 2021 with a sharp increase, will be done again in 2025, we will wait for that.

Are you talking about the price or what happen to CZ regarding unpleasant things? In any case, I think it still CZ at the helm, and who ever is the CEO, he should have been just taking orders from CZ.

As for the price, still one of the prime movers in crypto and with that, it could have a potential to make it big again in this bull run. Although the scene has change since we have seen the bull run that we are expecting. But Bitcoin, Ethereum and BNB are the coins that I expected to make it big next year.

[MrSpasybo]

Binance, even though it has experienced unpleasant things, with its strength, is still able to move and recover and only momentarily be disturbed. I agree with you, I think Binance will continue to grow because of its good reputation, and it must be remembered that its followers are quite large and always provide innovation. This is what finally makes BNB the best altcoin after Ethereum. It is not impossible that the surprise that was. It in 2021 with a sharp increase, will be done again in 2025, we will wait for that.

Doubt was also cast on Binance during the bullrun 2021 when many CEX tokens failed despite their impressive launches in 2019-2020. The BNB token succeeded thanks to new strategies, programs, and products that Binance provided to the community, including IEO, BSC, and Labs.

Many tokens in the market are well-promoted and have experienced significant price increases, but as you said, after BTC and ETH, BNB is the top choice for many investors: it is backed by Binance vast ecosystem, has clear utility, and has strong growth potential. I hope we will continue to be surprised by the BNB token in this bullrun with a new ATH and the extremely vibrant ecosystem of BNB chain and opBNB.