Re: BNB burn 16th. Now BNB is worth $312. Will you buy or not?
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
If the amount of $ burn similar with previous burn, it's mean they will burn around 2 million BNB coin worth of $600million
Binance regularly conducts burn once a quarter. The last such coin burning, according to their blog, was made in April 2021 https://www.binance.com/en/blog/421499824684901944/ , when approximately 1 million BNB was burned. As a rule, such burning of coins does not lead to a rapid change in the price, so you need to buy coins when it is at support, and not in anticipation of the next burning of BNB.
Anyway I'm amazed that binance had already making burning from time to time?
Currently, BNB performance isn't at a good level, but news of the burning may bring vitality. I am currently waiting for cash but if BNB comes around $270 I will buy. A dump may come again after the burning process, so be careful in commercial transactions.
Not Good performance? what do you mean? Binance still seats number 4 position , and you called this not so good performance ?lol are you kidding ?