Post
Topic
Board Altcoin Discussion
Re: 1 Million BNB Burnt today
by
asriloni
on 17/04/2021, 04:45:08 UTC
now it doesn't seem to have much effect on the price, and maybe yesterday's increase in binance was the effect of burning this time, we have to keep an eye on this in case of a downturn and get ready to re-enter when the price improves.
The impact from the token burn already happened since last months and I think that you must watch monthly chart and that was showing what impact that already made caused by this burn.
The IEO was also making the price of BNB goes crazy right now.
I think that the dump that is happening recently just another correction. Remember that the burn will give a long term impact.
Binance will also try to create more and more innovation as well. The impact from the burn has been making binance goes from 200 to the 500