CRYPTOREPORTCLUB
  • Crypto news
  • AI
  • Technologies
Monday, June 30, 2025
No Result
View All Result
CRYPTOREPORTCLUB
  • Crypto news
  • AI
  • Technologies
No Result
View All Result
CRYPTOREPORTCLUB

BNB Worth Prediction for January 24: Can the Latest Token Burn Elevate BNB Above $700?

January 23, 2025
152
0

BNB, the official token of Binance’s BNB Chain, faces stiff resistance at $700. On the time of writing, it’s buying and selling at $686.45, marking a 2% drop over the previous 24 hours, in keeping with CoinMarketCap. Regardless of the dip, the altcoin is predicted to show bullish, citing the current thirtieth quarterly BNB token burn as a doable catalyst for upward motion.

BNB Chain introduced in a weblog put up that 1,634,200.95 BNB tokens, price roughly $1.16 billion, have been faraway from circulation. This included 1,524,200.95 BNB in precise burns and 110,000 BNB burned below the Pioneer Burn program.

Related Post

ETH Price Surges as $2.9B Inflows, EthCC, and Robinhood’s L2 Fuel Bullish Sentiment

June 30, 2025

Is Bitcoin (BTC) Currently Overpriced or Undervalued? Here’s What Analysts Think

June 30, 2025

Moreover, BNB Beacon Chain validators contributed to the Pioneer Burn by leaving 110,000 self-staked BNB tokens on the Beacon Chain. The community goals to scale back the overall token provide to 100 million BNB, with 42,465,780.15 BNB nonetheless scheduled for burning.

Associated: Trump Household Crypto Venture Acquires $112.8M in Bitcoin, Ethereum After Inauguration

How Token Burns Impression BNB’s Worth

Decreasing provide usually locations upward strain on asset costs when demand stays regular or grows. For BNB, the burn mechanism helps this precept. Notably, BNB reached an all-time excessive of $793.35 two months in the past. With a market capitalization of $97.92 billion, it at present ranks because the sixth-largest cryptocurrency, having misplaced its place within the prime three.

Associated: Analyst Predicts an Expanded Crypto Reserve Masking Bitcoin and Chosen Altcoins

BNB Worth Evaluation: What’s Subsequent?

Technical indicators level to combined alerts for BNB within the brief time period.

Relative Power Index (RSI): At 46.58, the RSI suggests bearish momentum is dominating worth motion. The gradient signifies a doable retest of $650, a essential help stage.

MACD Indicator: The MACD stays bearish after finishing a divergence. The sign line (purple) sits above the MACD line (blue), reinforcing the short-term downtrend.

Disclaimer: The knowledge introduced on this article is for informational and academic functions solely. The article doesn’t represent monetary recommendation or recommendation of any variety. Coin Version isn’t accountable for any losses incurred because of the utilization of content material, merchandise, or companies talked about. Readers are suggested to train warning earlier than taking any motion associated to the corporate.

Share212Tweet133ShareShare27ShareSend

Related Posts

Crypto news

ETH Price Surges as $2.9B Inflows, EthCC, and Robinhood’s L2 Fuel Bullish Sentiment

June 30, 2025
0

Ether ETH$2,500.89 3.5% in the past 24 hours to $2,519 as of 18:59 UTC on June 30, according to CoinDesk Research's technical analysis model, supported by continued institutional demand, network upgrades, and major retail platform integrations.Institutional interest remains robust, with CoinShares reporting $429 million in net inflows into ether investment...

Read moreDetails

Is Bitcoin (BTC) Currently Overpriced or Undervalued? Here’s What Analysts Think

June 30, 2025

Iranian Exchange Nobitex Restarts After Bitcoin, Dogecoin and Tron Swiped in $90M Hack

June 30, 2025

Linqto Scandal: Pro-XRP Attorney Deaton Rejects Refunds, Fights for Fair Payouts

June 30, 2025

The Country That Recently Announced Its Partnership with Solana (SOL) Now Makes a Move into Bitcoin (BTC)! The Central Bank President Announced!

June 30, 2025

Bitcoin Exchange OKX Announces It Will Delist Numerous Altcoin Trading Pairs! Here Are the Details

June 30, 2025

Chainlink Rallies on Ecosystem Growth With 12 New Integrations—Is $30 LINK Next?

June 30, 2025

Recent News

If you’re using Microsoft Authenticator to store your passwords, don’t

If you’re using Microsoft Authenticator to store your passwords, don’t

June 30, 2025
Brain-computer interface robotic hand control reaches new finger-level milestone

Brain-computer interface robotic hand control reaches new finger-level milestone

June 30, 2025
Video Games Weekly: Summer Game Fest ends when I say so

Video Games Weekly: Summer Game Fest ends when I say so

June 30, 2025

ETH Price Surges as $2.9B Inflows, EthCC, and Robinhood’s L2 Fuel Bullish Sentiment

June 30, 2025

TOP News

  • Apple details new fee structures for App Store payments in the EU

    Apple details new fee structures for App Store payments in the EU

    540 shares
    Share 216 Tweet 135
  • Buying Art from a Gallery. A Guide to Making the Right Choice

    534 shares
    Share 214 Tweet 134
  • Machine learning method for early fault detection could make lithium-ion batteries safer

    534 shares
    Share 214 Tweet 134
  • Bitcoin Bullishness For Q3 Grows: What Happens In Every Post-Halving Year?

    534 shares
    Share 214 Tweet 134
  • New Pokémon Legends: Z-A trailer reveals a completely large model of Lumiose Metropolis

    563 shares
    Share 225 Tweet 141
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on cryptoreportclub.com is those of writers quoted. It does not represent the opinions of cryptoreportclub.com on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
cryptoreportclub.com covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023-2025 Cryptoreportclub. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Crypto news
  • AI
  • Technologies

Disclaimer: Information found on cryptoreportclub.com is those of writers quoted. It does not represent the opinions of cryptoreportclub.com on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
cryptoreportclub.com covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023-2025 Cryptoreportclub. All Rights Reserved