Post
Topic
Board Altcoin Discussion
Re: 1 Million BNB Burnt today
by
MUG1WARA
on 17/04/2021, 21:37:28 UTC
The burn is already done? Why is the price keeps dropping then?
Burn has been done and prices are still going down. You should be aware that we all don't know when Binance buy back tokens to burn. So even though currently the token has been burned, it will not affect the price.
Because it could be that yesterday BNB went up high is the effect of the buyback
I think price is down because bnb pumped alot last week, so it's still correcting, maybe when it's done with the correction, then the 1 million burnt bnb hype will start then we might see bnb pumping insanely again, now seems like the best time to buy before it starts pumping crazily cause buying the dip is always a good way to make profit, but as usual our emotions won't let us and later we'll regret not buying bnb at the current price now.