BNB Coin Burn Soon.. Big short & long term profits!
It's about that time of year again...
July 18th is the next scheduled burn of BNB, which has historically bumped the price of the coin, short term. To be able to cash in on these profits, (sometimes up to 50% gains) be sure to be following @binance on Twitter for the announcement, in case you forget. Keep a close eye on BNB charts, as they should spike around the time of the 18th.
The total supply of BNB has dropped to just under 195M, and Binance will continue to burn coins, using 1/5 of their profits to buy them back quarterly, until the total supply reaches 100M. This will effectively, on paper, double the value of the coin.
BNB is a fantastic option for anyone looking to increase their portfolio value in the next couple of weeks, or those who'd rather watch it grow over the next couple of years.
(Disclaimer: I do own some BNB, enough to care about the price, but nowhere near lambo, yet!)
we can expect price hike
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