Binance coin or known as BNB coin will begin their 16th token burn on this month (around mid-July 2021), last year, they have running BNB burn for 12th on July 17, 2020. Will you buy BNB now or just wait and see because market still looking not too good?
If the amount of $ burn similar with previous burn, it's mean they will burn around 2 million BNB coin worth of $600million
This will potentially have a huge effect on its prices before that be going to happen, to buy more at this time while the price is a little bit cheap is the best thing to do. As we can see, BNB is currently at $300, might after this burnt will double the price, who knows? But as I've said, there is a huge potential for the price doubled, and holding them until the next bullish season is a bigger opportunity for more rewards and profit.
it is now $334 as we speak. been following the price level of BNB and i can say, you can really get profit from it even at short-term holding. and with this upcoming burn, i believe it will have an upward impact to its price. this is one of the alts worth holding imo, backed by top 1 crypto exchange and now with their BSC platform, they are getting more and more users on board. bought some when it was 280+ and that was only like about a week ago.