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Binance Coin (BNB) is currently trading at its 50-day Simple Moving Average (SMA). At press time, the coin's price is in a downtrend, and it appears to be heading towards its 20-day Exponential Moving Average (EMA).
Bitcoin bulls are trying to protect the $65,500 level, but if they fail, a drop to $62,000 is possible.
Buyers are coming back to the game, according to CoinMarketCap.
Binance Coin (BNB), the flagship cryptocurrency of the Binance ecosystem, continues to be a focal point in the digital currency market. As we move through 2024 and look ahead to the end of the decade, understanding BNB's potential becomes crucial for investors and enthusiasts.
BNB Chain introduces new projects from July 1st to 7th, spanning DeFi, AI, Web3 gaming, and more.
Binance has officially completed another quarterly BNB token burn, eliminating millions of tokens in just one day. While this event is positive news for the Binance Coin (BNB) community, the price of BNB has yet to show any bullish response to the significant reduction in supply.
BNB Chain announces the second BNB Incubation Alliance at Bitcoin 2024 in Nashville, fostering growth for early-stage blockchain projects.
As BNB burns intensify, here's a look at whether shrinking supply will help the token overcome $600 resistance in 2024.
MATIC price forecast shows the asset lags despite Polygon being among the top 5 blockchains with the highest development activity in the past year. Polygon price hovered around $0.53 during the European session, a 2.3% drop over the last 24 hours.
Digital investment products are witnessing solid buying, but it may take a stronger trigger to propel Bitcoin to a new all-time high.
Solana's (SOL) stronghold this cycle has not been limited to its price; data shows that other parts of the ecosystem continue to dominate the market.
On Monday, the BNB Foundation announced the execution of its 28th quarterly BNB token burn. The mechanism burned over 1.64 million BNB tokens (approximately worth $971 million) in the routine process.
Binance Coin (BNB), the native token of the Binance exchange, has recently crossed the $600 mark, renewed investor interest and optimism about its potential uptrend. As the altcoin prepares to reclaim its three-month-old uptrend, various technical indicators suggest that BNB's price could continue to rise.
TL;DR Token Burn Completion: The BNB Chain Foundation completed its 28th quarterly token burn. A total of 1,643,698.8 BNB (approximately $971 million) was permanently removed from circulation. Decentralized Auto-Burn Mechanism: Unlike the previous centralized approach, the BNB Foundation now uses a decentralized Auto-Burn mechanism.
The BNB Foundation announced the completion of the 28th quarterly BNB token burn. It comes only two weeks after the ecosystem celebrated its seventh anniversary.
This latest burn saw a total of 1,643,698.8 BNB tokens. They are valued at approximately $971 million, and permanently removed from circulation.
BNB Chain will attend Blockchain Rio 2024, Latin America's premier blockchain event, featuring industry leaders and immersive experiences.
In addition to changes in the burning mechanism, the BNB Foundation has introduced a real-time burning system based on gas fees.
The BNB Foundation has just announced its 28th quarterly Binance Coin (BNB) burn, and it is a big one. Thus, 1.64 million BNB were burned, which means nearly a billion dollars in BNB gone.
The crypto market eyes new ATHs following Bitcoin's recent uptick towards $68.5K. Amidst the optimism, exchange Binance unveiled vital updates about altcoin BNB. BNB's massive token burns The Binance Foundation confirmed that the BNB Chain finalized its 28th quarterly asset burn, which saw the platform destroying tokens worth $971 million (1,643,698.8 BNB coins).
The BNB Foundation has completed the 28th quarterly token burn on the BNB Chain, further reducing the total supply of BNB tokens.
The BNB price has seen a decent surge in the last couple of days, which may not seem impressive but has been good enough to draw attention.
Binance Research introduces the CPT Framework to analyze crypto market dynamics, focusing on capital, people, and technology as key structural drivers.
Binance had a bullish trend in the previous trading session, but whichever category of traders emerges dominant will determine its next trend.
