Every investor in the financial markets, be it in stocks, forex, or cryptocurrencies knows that timing is everything. Entering the market at the right time can make all the difference between a successful trade and a gamble. Against this background, you should seriously consider investing your money in Binance (BNB) before the end of the month. That’s because this cryptocurrency is employing a model that has the laws of economics at its core.
One of the aspects of the Binance (BNB) whitepaper is that coins will be destroyed quarterly until they reach a circulating supply of 100 million coins.The first phase of coin destruction was done in October, and the second one in January this year.
You are probably wondering, does this have any major impact on the value of Binance (BNB) coin? Well, the impact is so big, that it will trigger you to start buying this coin like you have never done before!
Picture this for a moment. After the first coin destruction was done in October, the value of Binance (BNB) shot up from $1 to over $10. This means that someone who had put in $10,000 in October when the first bunch of coins was destroyed, s/he would have made a cool $100,000 by the end of the year. There are plenty of coins that have offered similar or even higher returns in the past, but you need to consider that most of them have been in the market for long. Binance coin is exceptional because it achieved this within just a few months after its launch. That just goes to show how impactful reducing the number of coins in circulation is, to the value of Binance (BNB).
But the impact of this coin reduction is most significant in the second phase that happened in January. Immediately after the January coin destruction, the value of Binance (BNB) went from around $10 to over $23. All this happened within 2 weeks.
Feels like you missed out, right? Well, the good news is that you didn’t! In fact Binance (BNB) now presents an even better opportunity to profit than at any other moment in its short history. That’s because the price took a beating during the recent crypto collapse, creating a perfect entry point in anticipation of the upcoming third phase of coin destruction.
On top of that, this third phase is coming at a time when Binance coin has been in the market long enough for investors to know about it. The number of coins in circulation is also way lower, meaning that the demand will be quite steep relative to supply this time round. In essence, if the price of Binance (BNB) shot up that significantly in the last two phases of coin destruction, expect it to top $100 or more immediately after the coming coin burn, as they call it in Binance. It could be your opportunity to fortune in a few weeks’ time!