iBNB

<ul><li>BNB&#39;s recent burn of 1.6M BNB and increased trading volume signals a potential rise.</li><li>Key support at $592 and resistance at $600, $605, and $610 could determine BNB&#39;s price direction amid rising market activity.</li><li>With a 24% increase in volume and an RSI of 58.42, BNB shows bullish short-term potential.</li></ul><a href="https://cryptotale.org/bnb-chain-unveils-opbnb-testnet-with-boosted-gas-limit-and-lower-fees/" rel="noopener noreferrer nofollow">BNB</a> Foundation has just wrapped up its 28th quarterly BNB token burn, removing a substantial 1,643,698.8 BNB from circulation, equivalent to roughly $971 million, as highlighted by <a href="https://x.com/WuBlockchain/status/1815264721265959302" rel="noopener noreferrer nofollow">Colin Wu</a>, a Chinese reporter.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdbnuIH9suT11KJWSyiHWgHALeJtxlVZAvU6ORVfu1p0EQPl1vZaLYMkiSn6Gs8H-z7592l7rfeB7nBrWrE03RziFuVEeHyL5OL2P_HwYoVXyCORV2tGP7bvxJe4lmsFiboQZBAF4kf0IGZpP7uMSIRZeBU?key&#61;0eG54OO39u91mvCYNEgjSw" />With such a significant reduction in the total supply, investors are keenly observing how BNB&#39;s price will respond. At press time, BNB is trading at <a href="https://coinmarketcap.com/currencies/bnb/" rel="noopener noreferrer nofollow">$594.04</a>, maintaining a market capitalization of approximately $86.7 billion.<a href="https://cryptotale.org/bnb-foundation-burns-971m-worth-of-tokens-whats-next-for-bnbs-price/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

BNB Foundation Burns $971M Worth of Tokens: What’s Next for BNB’s Price?

CryptoTale

Andre artikler udgivet 23. jul. 2024

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