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BNB is ideal for long-term investment, thanks to quarterly burn highlights
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Binance just announced that it has completed its 21st quarterly BNB burn. For those that did not know, the crypto company has a quarterly auto-burn that takes a significant amount of BNB out of supply. While this makes BNB a deflationary cryptocurrency, is it the right fit for long-term trades?
Here’s AMBCrypto’s price prediction for BNB
The answer depends on how much BNB is taken out of supply, and the pace at which the supply reduces. BNB’s circulating supply was just over 161.3 million at press time, which puts it in the low-cap category.
According to the official announcement, Binance burned 2.06 million BNB which is roughly 0.013% of the current circulating supply.
<p lang=«en» dir=«ltr» xml:lang=«en»>#Binance Completes 21st Quarterly #BNB Burn! Read more on ambcrypto.comAbout this in other media
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