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Binance’s latest 1.6M token burn – Enough to push BNB above $600?

AMBCrypto LogoAMBCrypto11h ago

Binance’s latest 1.6M token burn – Enough to push BNB above $600? - AMBCrypto

Quick Summary:

As BNB burns intensify, here's a look at whether shrinking supply will help the token overcome $600 resistance in 2024.

The burn rate remains strong, aligning with Binance  long-term strategy to reduce its total supply.

The role of token burns in driving sustainable price growth remains a topic of debate within the crypto community.

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Binance’s latest 1.6M token burn – Enough to push BNB above $600? - AMBCrypto (Picture 1)Binance’s latest 1.6M token burn – Enough to push BNB above $600? - AMBCrypto (Picture 2)

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Article Details

Author / Journalist: Kelvin Murithi

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 10:00:15 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 437 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 21749390

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About AMBCrypto

AMBCrypto Logo

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 17 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #103

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The story "Binance’s latest 1.6M token burn – Enough to push BNB above $600?" has 437 words across 28 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story "Binance’s latest 1.6M token burn – Enough to push BNB above $600?" was covered 11 hours ago by AMBCrypto, a news publisher based in United States.

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AMBCrypto is a fully independent (privately-owned) news outlet established in 2018 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 17 news stories per day.

It's most recent story was published 9 hours ago.

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  • URL: https://beamstart.com/news/binances-latest-16m-token-burn-17217302676626

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