Category: BNB

3 key metrics signal Terra (LUNA) price is preparing for a recovery

May 4, 2022

Crypto Nanobot 0

Terra (LUNA) price lost 31% over the past four weeks, erasing all of the gains accrued year-to-date and even though the token continues to outperform the broader cryptocurrency market by 20%, Terra is struggling to hold above the $85 support. Previously, a few bullish catalysts were Terra’s USD (UST) stablecoin flipping Binance USD (BUSD) to […]

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Binance introduces BNB Auto-Burn to replace quarterly burn protocol

December 23, 2021

Crypto Nanobot 0

BNB tokens will now be burned automatically based on a formula that includes blocks generated and BNB’s price. 4187 Total views 14 Total shares Binance officially announced the implementation of a new Binance Coin (BNB) Auto-Burn protocol to replace its current quarterly burn mechanism.  In response to the requests of the BNB community, Binance changed […]

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Data suggests Uniswap is 36% overvalued and SushiSwap trades at a discount

September 1, 2021

Crypto Nanobot 0

Just looking at Binance Coin’s (BNB) reported market capitalization, one might conclude that the token is the dominant asset when compared to other exchange tokens. Although there is no direct relationship between Binance’s exchange volume (or revenue) and token economics, traders seem to use it as a proxy. The controversial burn mechanism has been losing […]

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How will regulatory troubles and mandatory KYC impact Binance Coin (BNB) price?

August 22, 2021

Crypto Nanobot 0

Binance Coin (BNB) rallied 30% in two weeks, but the fourth largest cryptocurrency by market capitalization seems to be struggling to break the $450 resistance. Coincidently, this is the same top from June 3, which was followed by a 48% correction down to $225. Given the similarity of the situation when compared to previous instances, […]

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Binance burns $390M worth of BNB tokens

July 19, 2021

Crypto Nanobot 0

Binance has destroyed $400 million worth of BNB in its 16th quarterly token burn event, but the markets don’t seem to care. 1486 Total views 5 Total shares Major cryptocurrency exchange Binance has completed its 16th quarterly Binance Coin (BNB) burn, destroying over $390 million worth of BNB. On July 18, Binance reported that it […]

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Record $600M BNB burn suggests Binance made $750M in profit in Q1

April 16, 2021

Crypto Nanobot 0

Binance burned $600 million worth of BNB in Q1 2021, which means Binance possibly made over $750 million in profit. 6478 Total views 32 Total shares Binance Coin (BNB) saw its 15th burn to date on Friday. According to on-chain data, Binance burned nearly $600 million worth of BNB tokens. Historically, Binance has burned around […]

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The Bitcoin price has only been higher than now for 12 days in its history

November 13, 2020

Crypto Nanobot 0

Bitcoin’s explosive gains are strongly reflected by the number of days it has closed above $16,320. 15155 Total views 176 Total shares The Bitcoin (BTC) price, which is currently sitting at $16,320, has only been at this level or higher for 12 days in the coin’s entire 4,332-day history, representing just 0.28% of the cryptocurrency’s […]

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