BNB's 29th Burn – Examining the odds of altcoin rallying to a new high now
BNB's 29th burn could be the catalyst for a new rally if resistance breaks.
Keep up with what's happening in the crypto world in real-time.
BNB's 29th burn could be the catalyst for a new rally if resistance breaks.
Solana (SOL) has unveiled its latest project, Seeker, prompting a notable price surge of 5% and bringing SOL closer to becoming the fourth largest cryptocurrency by market capitalization, surpassing Binance Coin (BNB). This price movement comes as Solana reaches a three-month high, with current trading values hovering around $183.38.
The crypto market has witnessed a bearish turnaround since mid-week as Bitcoin's price breaks below the $70,000 floor. The renewed selling pressure can be attributed to market uncertainty following the upcoming result of the U.S. election.
The crypto market faced a surge of selling pressure this week, unsettling investors as Bitcoin (BTC) dropped by 4% before rebounding to $71,000.
Markets have started to sell-off, and Bitcoin needs to hold $70,000 for the BTC and altcoin rally to continue.
Even though the day has started bearish, most of the coins are trying to seize the initiative, according to CoinStats.
BNB Chain's MVB Season 8 in Dubai brought together Web3 innovators with expert guidance and networking opportunities, culminating in a Demo Day for global exposure.
BNB Chain has successfully completed its 29th quarterly BNB token burn, eliminating over 1.77 million BNB valued at approximately $1.07 billion, according to BNB Chain.
The BNB Foundation removed over $1 billion worth of BNB from circulation after its latest quarterly token burn.
Despite the massive number of tokens destroyed so far, the BSC network still needs to burn more than 43 million BNB to reduce the token's market supply.
Binance has burned over 1.7 million BNB tokens as a part of its quarterly burning initiative. On Nov.
The BNB Foundation has announced the completion of the 29th quarterly BNB burning by the BNB chain, with over 1.7 billion BNB tokens automatically burned for a total value of about $1.07 billion.
This week, we examine Ripple, Binance Coin, Solana, Dogecoin, and Maker in greater detail. Ripple (XRP) The week started well for XRP, but the price action turned bearish on Wednesday, closing the week with a 3% loss.
BNB Chain announces voting for the BIA winner at Binance Blockchain Week Dubai, offering participants a chance to share $1,000 in BNB rewards.
Binance Coin (BNB) has recently demonstrated a notable surge, moving closer to the $600 mark as market sentiment shifts in a positive direction. Following a lengthy bearish phase, this rally signals a potential turning point for BNB, with eyes now set on a short-term price target of $634.
BNB Chain, in collaboration with Binance Labs and CMC Labs, hosts the Most Valuable Builder (MVB) program, which is designed to identify and select projects for potential investment by Binance Labs.
Discover how BNB token enhances decentralized finance (DeFi), centralized finance (CeFi), and payment finance (PayFi) ecosystems with its diverse applications in blockchain technology.
They're proud to announce that Matchain has been selected for BNB Chain's Most Valuable Builder (MVB) Program.
BNB Chain announces 35 Web3 projects for its Most Valuable Builder Season 8, offering resources and mentorship to early-stage blockchain innovators.
BNB price corrected gains from the $612 level. The price is now showing a few bearish signs while Bitcoin and Ethereum eye additional gains.
Bitcoin's shallow pullback shows buyers are not rushing to the exit and increases the likelihood of a rebound to new all-time highs. Will altcoins follow?
BNB Chain selected 35 projects for Season 8 of the MVB Accelerator Program.
The price of then native token of smart contract platform Solana, SOL, has been significantly outperforming most other digital assets over the past few weeks, to the point that it's nearly overcoming Binance's BNB to become the fourth-largest digital currency by market capitalization. According to available market data, Solana's current market capitalization stands at $84.
Bulls remain more powerful than bears, according to CoinMarketCap.