One of the most fundamental laws of Economics – the lower the supply of goods relative to its demand, the higher its price. Binance (BNB) is one of those coins that you want to invest safely, based on this principle and earn great money.
Binance Shop is inside the exchange the token created on the basis of Ethereum, which allows users to get a discount on any fee on the exchange Binance.
This is due to the fact that the leadership of Binance each quarter uses 20% of their profits to buy back and burn BNB until it is burned 100 million BNB, i.e., every three months a significant portion of the coins disappear from the market. Let’s look at the last 2 burning, and you’ll understand why you should purchase Binance (BNB) in anticipation of the next burn, which will take place on approximately April 30, 2018.
Burning coins in October 2017
It was the first redemption and burning of BNB, when the coin was trading in the range of $1.4 to $1.7. After this event, began a continuous increase, and in December the price Binance Coin has reached $10. Change from $1 to $10 per two months – quite an accomplishment for a relatively new coin on the cryptocurrency market.
Burning coins in January 2018
Immediately after burning in January 2018, the price of the coin Binance (BNB) has increased exponentially, reaching a high of $24 in a few weeks. It was a monumental rise, indicating the growing value of this asset, because his sentence was reduced.
The upcoming burning coins in April 2018
If the market reaction to the last 2 burning for you is not an argument, in addition to the statistics above, there are a number of other factors contributing to growth:
⊕ The number of coins in circulation decreased significantly after the last two burns. A cursory glance at the chart shows that the jump after the second burn is much higher than the first. This is due to the fact that profit Binance is constantly growing, respectively, in each quarter they are buying an increasing number of coins that will be burned. The upcoming burning will further reduce the number of tokens Binance (BNB) on the market, increasing their liquidity.
⊕BNB is the internal token exchange and its cost directly depends on the success of the exchange, and given that it was launched only in June 2017, and now she occasionally comes in first place in terms of daily trades, have token a great future. No wonder Binance called the main competitor Bittrex (due to the number of trading pairs).
⊕This time a higher awareness of the coins Binance (BNB) than at any other time of its existence. This means that more people will buy this coin, and the result will be a significant price jump.
Conclusion: a Must-have in portfolio for long-term trading. The expected price of the coins – around $50 by the spring of 2018 and about $100 by the end of 2018.