• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Vechain price prediction

    VeChain price prediction: VET set to move higher again, resistance to break at $0.056

    Ethereum Price Prediction

    Ethereum price prediction: ETH failed to retest $1,500, more upside to follow

    SEC allegations

    John McAfee claims SEC allegations laid against him are exaggerated

    ADA/USD

    ADA/USD Price Prediction: Cardano faces resistance at $1.32 after Mary Hardfork

    Litecoin Price Prediction

    Litecoin Price Prediction: LTC/USD Bullish Amidst Strong Selling Pressure

    Crypto market

    Crypto market: Thailand to set new regulations amid high interest

    XRP/USD Price Prediction

    XRP/USD Price Prediction: Will Ripple(XRP) Retest $0.50 Resistance?

    Bitcoin price movement

    Bitcoin Price Prediction: Bitcoin will remain bullish as long as SMA support is intact

    Bitcoin price analysis Tight price range halts uptrend as $46K support holds

    Bitcoin price analysis: Tight price range halts uptrend as $46K support holds

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Vechain price prediction

    VeChain price prediction: VET set to move higher again, resistance to break at $0.056

    Ethereum Price Prediction

    Ethereum price prediction: ETH failed to retest $1,500, more upside to follow

    SEC allegations

    John McAfee claims SEC allegations laid against him are exaggerated

    ADA/USD

    ADA/USD Price Prediction: Cardano faces resistance at $1.32 after Mary Hardfork

    Litecoin Price Prediction

    Litecoin Price Prediction: LTC/USD Bullish Amidst Strong Selling Pressure

    Crypto market

    Crypto market: Thailand to set new regulations amid high interest

    XRP/USD Price Prediction

    XRP/USD Price Prediction: Will Ripple(XRP) Retest $0.50 Resistance?

    Bitcoin price movement

    Bitcoin Price Prediction: Bitcoin will remain bullish as long as SMA support is intact

    Bitcoin price analysis Tight price range halts uptrend as $46K support holds

    Bitcoin price analysis: Tight price range halts uptrend as $46K support holds

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Binance News

Binance Coin (BNB) hits a new ATH right before a burn event

Nick James by Nick James
January 19, 2021
in Binance News, News
2 min read
Binance Coin

Binance Coin

585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

TL: DR Breakdown

  • A Binance Coin burn is expected to happen shortly.
  • BNB has already reached a new ATH.

The last six months have been rosy for the crypto market, and Binance Coin (BNB) has been one of the biggest beneficiaries of the stregthened bull run. The upward streak continues in 2021 as market dynamics heat up. Back in October 2020, Binance did a BNB coin burn, locking out around 2.25 million coins. Now, another coin burn is about to happen, and things are already good pricewise.

Right before the coin burn planned for this January, BNB made a sharp surge that resulted in a new all-time high of around $46.80 on the 18th of January, 2021. The crypto has since pulled back a bit to trade at the current value of $45.40. BNB is now at position 11 in the charts with a total market cap of around $6.4 billion.

RelatedPosts

VeChain price prediction: VET set to move higher again, resistance to break at $0.056

Ethereum price prediction: ETH failed to retest $1,500, more upside to follow

John McAfee claims SEC allegations laid against him are exaggerated

ADA/USD Price Prediction: Cardano faces resistance at $1.32 after Mary Hardfork

Binance Coin burn is a routine

Coin burn conducted by Binance is a quarterly routine, with the last one having happened back in October 2020 as mentioned. The ultimate goal of these burn events is to discard the excess coins to reach a final figure of around 100 million Binance Coins in circulation.

Scarcity to increase demand

For one, a coin burn reduces the number of BNB tokens in circulation. Such a reduction results in a corresponding increase in demand and value. In fact, the crypto’s price has already spiked even before the coin burn.

Three million BNB staked

Besides coin burning, Binance has other factors backing up the market value and popularity of BNB. These include the Binance Launchpad and Binance Chain, fast blockchain networks that facilitate the creation and running of smart contracts and DeFi applications.

The chains now host over 60 projects with around 600,000 unique addresses. The validators operating in the network have already staked upwards of three million Binance Coins.

BNB Twitter buzz

Of late, Binance Coin has been a topic of discussion in various social media platforms, most notable of which is Twitter. Crypto Twitter has been known to offer extensive coverage of debates concerning the developments in the blockchain and crypto space. In the case of BNB, the twitter buzz heighted back in September 2020 after the launch of the Binance Smart Chain. As has always been the case, a crypto token gets more favored by investors when there’s a big social hype about it.

I like this new bull profile pic. Seems to work, lol…#BNB https://t.co/iQ0hKrHJBT https://t.co/bCjQawFxHi pic.twitter.com/3fxtpfbVOR

— CZ 🔶 Binance (@cz_binance) January 18, 2021
Nick James

Nick James

Nick is a technologist with a special interest in Blockchain technology and cryptocurrencies. He has actively participated in the industry for several years. His main passion is sharing news within the crypto community.

Related Posts

Vechain price prediction
Altcoin News

VeChain price prediction: VET set to move higher again, resistance to break at $0.056

March 6, 2021
Ethereum Price Prediction
Ethereum News

Ethereum price prediction: ETH failed to retest $1,500, more upside to follow

March 6, 2021
SEC allegations
Regulation News

John McAfee claims SEC allegations laid against him are exaggerated

March 6, 2021

Follow Us

  • 40.9k Fans
  • 8.3k Followers

Latest News

How Bexplus Apps Make Trading Crypto Futures Easier 1

How Bexplus Apps Make Trading Crypto Futures Easier

March 6, 2021
EIP-1559

EIP-1559 get the nod for Ethereum’s London Hardfork

March 6, 2021
Vechain price prediction

VeChain price prediction: VET set to move higher again, resistance to break at $0.056

March 6, 2021
Ethereum Price Prediction

Ethereum price prediction: ETH failed to retest $1,500, more upside to follow

March 6, 2021
SEC allegations

John McAfee claims SEC allegations laid against him are exaggerated

March 6, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 2

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.