Binance Chain The distinctive symbols are burned 916 million dollars BNB, what awaits the price of BNB?
Benance Chain completed the thirty -first semester code, which has permanently removed a metal currency of $ 916 million from trading. The move sparked speculation that a possible BNB gathering, with analysts and merchants remaining enthusiastic.
It is worth noting that this symbolic burning brings the BNB series vision to reduce the total BNB Tokeen supplies to 100 million. Currently, BNB Token’s offer is 140.89 million.
The Binance series burns the distinctive symbols of $ 916 million
In the latest developments, the Binance series burned about 1.5 million BNB symbols, worth about $ 916,000,000. Despite this consistent trend, the protocol is still 40,886,572.43 that was burned.
Binance founder and former CEO Shaangpeng Zhao Share X Publishing Today, an important symbolic burning of the platform.
Disclosure mechanism
Interestingly, BNB Tokeen Burn is preserved through an automatic burning mechanism that the BNB series set strategically to reduce currency supplies. Each quarter, the system, which was presented through the Bep95 proposal, calculates the number of symbols required to be eliminated. This process is done based on standards such as the price of BNB and the blocks produced on the Binance Smart series (BSC) during the term.
How does the distinctive symbol burn affect the price of BNB?
Contrary to optimistic beliefs of investors driven by the general positive direction that usually follows a symbolic burning, the BNB price has not yet interacted.
According to Coingape’s BNB prediction, the BNB Code was set to reach the maximum of $ 577.86. However, the distinctive symbol increased beyond the direction and is now circulating at $ 582.58, a decrease of 1.10 % per day. Despite an increase of 5.82 % during the past seven days, the BNB price has witnessed a remarkable decrease of 7.2 % per month. After challenging the decline in its price, BNB has witnessed positive feelings among investors, which is clear in the 24 -hour trading volume. Trading volume increased by $ 1.39 billion.
Technical indicators suggest the upward trend in front of us
According to the upward predictions, the BNB price is expected to stop further decrease. The distinctive symbol aims to restore the resistance level of $ 600, looking for support above the 50 -day SIA moving average (EMA).
Despite the construction of the BNB landfill, the MACD index remains flexible. The collapse above the waiver line resistance can increase the possibility of BNB testing to the following main resistance area about $ 635.
Nino against Jamal
NYNU V Jamal is an emotional encryption journalist with three years of experience in Blockchain, Web3 and Fintech balls. She has created herself as an attractive and attractive voice in the coded currency and blocks. She added her experience as an assistant professor in English and literature to her endeavor to formulate well and accessible media content.
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