2023-04-15
BNB Chain operated its 23rd and second quarterly BNB burn of
2023. Binance burned 2,020,132.25 BNB, including 2,019,476.2269877
BNB through auto-burn and 656.0230123 BNB burned through Pioneer Burn Program. 2,020,132.25 BNB that burned by Binance worth approximately
$676,744,304.
Will BNB price go up?
ETH and BNB are moving toward deflationary
approach. ETH through EIP-1559 and BNB through Pioneer Burn Program and
auto-burn. Both and BNB and Ethereum have strong network effect. Many well-known
decentralized applications are running on Ethereum and BNB Chain that attract a
lot of users to use ETH and BNB.
These two cryptocurrencies have large market
capitalization, it is difficult to earn huge profit from those two coins.
However, as long as ETH and BNB remain deflationary, investors can expect
30-40% profit from collecting ETH and BNB just like Bitcoin. Investors can expect
30-40% profit by collecting bitcoins, even though Bitcoin’s market cap is so
big.
For more information visit www.binance.com/en/blog/ecosystem/23rd-bnb-burn
