1 Million BNB Burnt today

[Dinda mayasi]

BNB coin is a type of ERC-20 token that runs on the Ethereum blockchain and has been launched since 2017 by Binance Exchange. BNB is different from ETH, which has Burn Coin feature. The goal is to maintain price stability in the market. This is done bnb every quarter.

[Pelana vreo]

Hey,

If you are not aware of this, Binance today burnt 1 Million BNB worth $500 Million dollars. What is the expected price jump in BNB due to this?

Would love to know your feedback

I like with the Binance project roadmap that burns coins every 3 months, but how long, it seemed like only CZ knew.

Coin burning feature usually done to reduce deflation and increase the price of coins along with a decrease in the number of supply coins, in the future we will likely see BNB prices reach $1k or $2k as more and more new projects will require BNB to be able to use Binance Smart Chain.

[Cappex]

BNB coin is a type of ERC-20 token that runs on the Ethereum blockchain and has been launched since 2017 by Binance Exchange. BNB is different from ETH, which has Burn Coin feature. The goal is to maintain price stability in the market. This is done bnb every quarter.

I recognize BNB's tremendous performance but personally feel it is momentary, I believe it has enjoyed known issues in ethereum in a bullish market.
I think even supply reduction procedures will fail to stabilize the value

[judas]

There has been a really awesome pump in the BNB price so far. But still it is not at a level that I expected. While we are seeing ETH reaching new ATHs over and over again, I expect BNB price to do similar things also. But I believe that its next price boom is imminent also. I expect it to reach $1k this year.

[BOAEDAN]

There has been a really awesome pump in the BNB price so far. But still it is not at a level that I expected. While we are seeing ETH reaching new ATHs over and over again, I expect BNB price to do similar things also. But I believe that its next price boom is imminent also. I expect it to reach $1k this year.

Raise above $1,000 maybe easy for BNB coin and now have close with $700, how ever without any bad news from bitcoin maybe have good thing for BNB coin can raise to higher price. I think BNB raise above $2,000 maybe on two months later and have great chance with new promotion by CZ, but keep waiting will bitcoin have correction price or not because many time when bitcoin down all altcoin keep going down.