Why Binance Coin (BNB) Price May Shoot Next After ETH

Why Binance Coin (BNB) Price May Shoot Next After ETH.

After Ethereum’s upgrade, Binance Coin (BNB) is expected to make waves in the market.

[{"selector":"#anim-8f5234b3-d5fd-4f55-a56b-d6a54310a157","keyframes":{"transform":["translate3d(-121.72413%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b0b04f2f-7e4f-47c2-8f46-a4545891a952","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bbce31be-d53d-45c2-8c4d-24ef0b4c767b","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

The 23rd quarterly BNB token burn of 2,020,132.25 BNB has been completed as per the BNB Auto-Burn procedure.

[{"selector":"#anim-80891451-c609-4fc6-807a-7b2fb099ffde","keyframes":{"transform":["translate3d(-120.06803%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3ea6a1cd-1dfe-45df-a1dc-36f63deca7b2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b1b01792-9f91-4a8a-963d-74391329bc9e","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-9d1ea1ef-3e96-44fb-aebf-212be278b58b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cdb8f447-da41-4d76-b99e-19fb44099c2e","keyframes":{"transform":["translate3d(0px, 133.88388%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

The BNB Auto-Burn mechanism automatically adjusts the amount of BNB to be burned based on the BNB price and the number of blocks generated on the BNB Chain during each quarter.

[{"selector":"#anim-63718eb7-61d3-4cea-a91d-794b44f1f876","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b435692e-1d63-409a-8410-aa74008c5b96","keyframes":{"transform":["translate3d(0px, 134.90777%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9aa93bb3-f7b4-47ee-8397-fa1735a8c7d1","keyframes":{"transform":["translate3d(-117.79935%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-afbf2b83-7194-4bf9-a6ff-b260f4ee7b46","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e434b5af-a44c-4818-8c13-6ce71016288a","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

The new process brings about greater transparency and predictability for the BNB community.

[{"selector":"#anim-845ab87f-2013-4ac9-ba4f-81285fe336ae","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9149924d-b647-4bdf-a95f-3199fde4f0bb","keyframes":{"transform":["translate3d(0px, 156.30462%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-34f88249-92ee-4ab4-84da-28b1ed620297","keyframes":{"transform":["translate3d(-120.40817%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c09c5a54-a636-4d88-bc13-a6d3d2797504","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e2c6589f-5f81-45c8-969a-a6d850e1ee61","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

As of March 2023, Binance completed 22 BNB coin burn events. In total, 42,813,094.40 BNB coins were burned, reducing the initial 200M supply by 21.36%.

[{"selector":"#anim-63991f5d-afcf-47af-923c-00ba58a6560e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7cfe936c-2283-439d-8c9c-4d059dee0536","keyframes":{"transform":["translate3d(0px, 129.73210%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f049990c-4643-45a4-9127-598bdae1cb0c","keyframes":{"transform":["translate3d(-121%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-27202e6f-5bb6-46fb-a5b2-d30de242b871","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-47cc90ab-3d64-48a5-a584-1ae38be1aaa3","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

The purpose of ‘coin burning’ or removing a certain number of coins permanently from circulation is to create an impact on supply and potentially increase the prices.

[{"selector":"#anim-19597347-10c9-418a-aed5-c123d1b83231","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-628a7347-d67a-45af-8c22-1395855d667a","keyframes":{"transform":["translate3d(0px, 130.96618%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-45f3a172-96b0-4cc6-b51e-48f015d810e5","keyframes":{"transform":["translate3d(-115.09434%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9a78d8e6-3ce9-42e9-97c3-6fc9d82da4f3","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cb1a9620-9585-4b6e-b604-a77fbd445820","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

With such extensive burning of coins, it is expected that BNB prices may shoot up very soon.

[{"selector":"#anim-da2076f0-7bd1-4c55-afdc-a748d880beb2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8f4b0542-fd27-4117-9651-d91bce44aa9a","keyframes":{"transform":["translate3d(0px, 172.58818%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ebf23257-d6ab-484f-9043-575ef477aede","keyframes":{"transform":["translate3d(-120.40817%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f621c3f2-9f76-442d-a767-e93af0794732","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bcb33764-2dfe-4ae4-b77b-13a1da38ed56","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-8a525f8c-5b1d-450d-bf80-7b72e9a69ae5","keyframes":{"transform":["translate3d(225.00002%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .8, 1)","fill":"both"}] [{"selector":"#anim-25ba2b50-f791-4754-9f6e-165e7b340c8b","keyframes":{"transform":["rotateZ(180deg)","rotateZ(0deg)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .5, 1)","fill":"forwards"}] Swipe up for more stories...