BNB coin burn is a no brainer
BNB is up a lot in the last few days. There has been some new news but mostly this is because their financial quarter is about to close and they will use 20% of their profit to burn coins starting in April. I've read that BNB may hit as high as $50 based on how much it jumped on the last two coin burns (arrows on the chart), read technical valuation analysis that supports BNB as a $40 coin for it's utility as a discount for trading. Me? I'm selling when it hit $20 or before the burn complete tweet hits (likely April 13th).
Note
I quote USD above because BNB offers USD benefits. Big traders set their standard buy amounts in USD not BTC. When trading $10,000 on Binance it will cost me $20 (buy and sell side costs) if I don't use BNB. With BNB its only $10. That is huge.Note
We are up 25% since I made this call so feel free to take profits. This trade will close after the next run or by the 12th, whichever comes first.Note
Set an alert on this wallet. This is the BNB burn wallet. Any movement is first step to sending the burn command which is about 5 min before CK will tweet that the burn is complete. You're playing with fire if you're waiting for this, but that's your choice. 0x00d41f0c9a94edbfac0cc0b3b02bd1f14a5ee237
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.