Binance to The Moon - That's Crazy

in HODL2 months ago

BNB caught its eye this week after a rapid rally, reaching the $ 100 mark, and its income at the time was as high as $ 130 in the last 24 hours.

Most recently, the cost of funds was valued at $ 90, so the cost of cash today is $ 138.

This means an increase of 45% in the last 24 hours.

Looking at the extra time, precisely seven days prior to February 3, we found that the cost of computerized cash "BNB" was valued at $ 50, meaning that the cost of funds rose 150% to its current level, which is an exceptionally high rate under A brief timeline, noted by the founder and CEO of Binance "CZ" as a start

A new expansion in the cost of computerized cash, BNB, pushed the overall market estimate for funds to an expected $ 20 billion, and it ranked seventh with respect to the largest monetary benchmark by full market value.

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Trading

Trade cryptocurrencies Binance consumes Binance computerized forms of cash like a clock to reduce inventory overall.

This results in an expanded shortage of cash and can raise its cost to more significant levels due to contracting supply versus demand.

The last consumption by Binance was in January, and the largest to date.

On that day, Binance wiped out 3 million BNB, which was estimated at $ 165 million at that point.

Today, these collapsed coins are estimated to be worth approximately $ 400 million at current costs.

Although that's a noteworthy amount for a three-year-old startup, it takes about 30 years for the modifier to complete the consumer interaction.

Hence, we thought it was time to speed things up a little.

Subsequently, depreciation will not depend on Binance's quarterly income, as it was previously.

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Significantly, more than $ 250 million in USDT stablecoins were transferred to Binance's digital money trading platform at the end of the week, which corresponds to the value of BNB by half at that point.

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