15TH Binance coin burn - BNB TA 460USD

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Every three months, Binance burns off its BNB to reduce total supply of BNB's in the market. This is super bullish as we are currently in a super cycle and Binance being the largest Crypto exchange at the moment, is going to see massive pump going forward. March 2020, one BNB was only 6.40 USD.

I am luueetang@luueetang. I am not giving any financial advice and what I am writing are just my own opinion. Bitcoin and Ethereum are no doubt the best investments but due to there sheer market capitalization, it takes a lot more pump to move up the price. It is going to be an altcoin season soon, so we can capitalize on this opportunity and get some gains. If I see anything good, I am definitely going to share it here with everyone out here.

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The beautiful breakout from the resistance. It is clear and the break is clean. We are also out of correction from the month of March and in a few hours, it is going to be April and many indicators point to an 80K Bitcoin, but how about BNB? I am pretty sure the FOMO is here for BNB. Not only it has a large number of users at 13.5 million and billions of transactions a day, it also has staking capabilities built directly in BNB's exchange. The fees are also super cheap and not only that, we can use invest into CUB-BNB farms on cub defi's farm.

It has such a huge demand that I it is not going to just stop here. The total supply of BNB's is 200 million. The goal is to burn till there is only 100 million left which is far less than Eth's total at the moment. When there is such a huge demand and the supply diminishes, what's going to happen? A huge pump.

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The last burn - BNB - USD 45, the only question remains, how many BNB's are going to be burnt? Understanding this, would give us a glimpse of what the tokenomics of ETH's burn would roughly be like when Ethereum does upgrade to ETH 2.0.

luueetang@luueetang

15TH Binance coin burn - BNB TA 460USD | Ecency