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2024 with Binance #2024withBinance $BNB
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#NFT ing
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#Share1BNBDaily BNB Burn is a process within the Binance ecosystem aimed at reducing the total supply of Binance Coin (BNB). This mechanism is designed to make BNB deflationary, positively affecting its supply-demand balance and potentially creating upward price pressure over time. A specific amount of BNB is permanently removed from circulation by sending it to an inaccessible wallet. These tokens are essentially "burned" and cannot be retrieved. Binance conducts quarterly burns (every 3 months), calculating the amount to be burned based on BNB’s price and trading volume during that period. Since 2021, Binance introduced the BNB Auto-Burn mechanism to make the process more transparent. This system calculates the burn amount using a formula tied to blockchain activity, independent of Binance’s revenue.$BNB
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$BNB New ATH Coming BNB Coin has the potential to reach its all-time high (ATH), paralleling the upward trend seen in the broader cryptocurrency market. As a cornerstone of the Binance ecosystem, BNB benefits from its utility in trading fee discounts, DeFi applications, and token burns, all of which contribute to its increasing scarcity and demand. Moreover, renewed investor interest in major cryptocurrencies and potential institutional adoption could amplify BNB’s momentum. If market conditions remain favorable and network development continues, BNB could achieve significant price milestones, aligning with the market's overall bullish sentiment during this period. NFA
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