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Analyze the effect of the latest burning of the distinctive symbol of BNB on market trends

TL; D

  • The Binance Smart series continues to work as expected, and it has just completed the 31 semester of BNB.
  • Although this is the lowest in terms of BNB since October 2021, it is still reaffirming the project’s goal of reducing the supply of the distinctive symbol to 100 million.

In phrases, US dollars, this separate burning equivalent to 916.07 million dollars at prices when implemented. Upon completion, the total display of BNB is 139,311,899 symbols, leaving less than 41 million people.

During her for half decades, the BNB burning mechanism faced some changes, but the last and current repetition comes in the form of “automatic burning”. According to For the team, it “provides an independent review and objective process” and the numbers reported, “independently of the Binance Stock Exchange”.

BNB Burns is also finished in smaller fractures using the actual time burning procedure and Pioner Burn.

The majority, though, come from quarterly burns. The latest one was in the smallest reality in terms of BNB symbols that will be completed since the end of the bull market in October 2021.

Since then, symbolic burns have not been less than 1.6 million, and they exceeded two million on several occasions.

Although the BNB price failed to respond to the decrease in the supply, one of the commentators Secure This is normal like Binance and the BNB series plays the long game and is not looking for a quick pump.

last High The total number of burned BNB symbols to this day is 56,674318. At today’s prices amounting to $ 577 per BNB, this equals about $ 33 billion of metal currencies removed from trading forever.

ELITE encryption has been weight on future price movements, indicating that it can rise to the highest new level ever as long as it is still inside the current accumulation area.

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