Post
Topic
Board Altcoin Discussion
Re: 1 Million BNB Burnt today
by
aubert
on 16/04/2021, 10:43:28 UTC
The burn is already done? Why is the price keeps dropping then? BNB needs to retrace it's all time high to start surging again but right now I don't see any bullish trend but I believe that 520$ per BNB is still a steal, BCH on the other hand is going to 1000$ wether you like it or not, many people hate BCH but it has what it takes, anyways it's not to late to buy BNB
It's maybe because after the pump people trying to take profit and therefore the effect of BNB burning overshadowed by the dumping but burning itself also doesn't always guarantee price increase. So many cases out there I've seen where the developers trying to burn the coin either through buy back or other method but ended up having no impact to the market whatsoever, it's at the end of the day always depends on the demand in the market otherwise if the demand is kinda low burning is just reducing total supply and that's it.
Though I actually think that the pump caused by burning already happened right after announcement not when the deed is done.