Binance Cryptocurrency – Binance coin can also be called BNB Coin. Binance is a cryptocurrency exchange website or a marketplace website for buying and selling a cryptocurrency.
BNB was originally launched in an initial coin offering, or it could be called an ICO (Initial Coin Offering) from June 26 to July 3, 2017.
The Burn of BNB Coin
Let us get back to the topic. We will talk about hot developments in BNB in March 2021. BNB may now be at the Coin Burn stage. Burn Coin is when the Cryptocurrency Coin will experience extinction from the cryptocurrency market permanently to reduce supply. Usually, it is precisely at this stage that the price of a coin will grow rapidly because of this pressure.
Binance performs periodic coin burn events through the use of a smart contract function known as the burn function. BNB burn events are scheduled to occur every quarter until 100,000,000 BNB burns, which represents 50% of all BNB’s total supply ever issued (200,000,000 BNB).
The number of BNB coins to burn is based on the number of trades made on the exchange over a period of 3 months. After each quarter, Binance burns BNB according to the overall trading volume.
Hot Growth in March 2021
Starting March 1, the price is around $ 240.93. This week the trading was still fairly stable until the second week with $ 261. after that, in the third and fourth weeks, namely on March 22, it was still stable with the same achievement as the second week, which was still around $ 261.
The moment that the exchangers have been waiting for has arrived in the fifth week of March 29, BNB is starting to grow rapidly with an estimated reach of $ 344. In the chat room on the Cryptocurrency Exchange platform, Indodax is getting hot with the soaring BNB.
the sixth week of April 5, BNB’s price jump began rapidly to reach the price of $ 536. In this month, BNB began to develop rapidly until now.
That’s the hot development of BNB or Binance Coin in March 2021, with the highest price touching $ 536. This coin could be increasing rapidly in the following months, so what are you waiting for? Let’s invest in this BNB.