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BNB Bulls Eye Recovery After $1 Billion Quarterly Burn Shrinks Supply
On November 1, BNB Chain announced the completion of its 29th quarterly burn, effectively decreasing the cryptocurrency’s total supply. Following this event, Binance Coin (BNB) bulls are eager to capitalize on the reduced supply to drive the token’s price upward. But will they succeed? This analysis looks at the possibility by employing some on-chain and technical indicators. Token Burn Drives Change in Binance Coin Sentiment In a recent blog post, BNB Chain, Binance’s blockchain for decentralized applications, announced the burn of 1.77 million BNB. This total includes two components: 1.71 million BNB for the Auto-Burn, and 62,569 BNB as an...
NFT Sales Volume Records Worst Month Since 2021
By Philip Maina 2 months agoTue Oct 01 2024 10:53:25 Reading Time: 2 minutes The NFT sales volume in September hit a low last seen in 2021 According to CryptoSlam, the volume was slightly above $300 million and almost $100 million less than what was recorded in August 2024 The drop comes a month after a report by nftevening.com noted that 96% of NFTs are dead A month after 96% of NFTs were declared dead due to near-zero trading activities, the NFT sales volume has dropped to levels last seen in 2021. According to NFT data aggregator, CryptoSlam , the...
MoonTaurus Advances to Presale Stage 2 at $0.01, Set for Launch at $0.07
A new contender in the crypto world, MoonTaurus (MNTR), is turning heads as it gears up to enter Stage 2 of its presale. With a 100% price increase on the horizon, this promising token is attracting a lot of attention from investors looking to get in early. As excitement builds, MoonTaurus is quickly becoming one of the most talked-about opportunities in the market. MoonTaurus (MNTR) MoonTaurus (MNTR) is currently in its presale phase, attracting significant attention from investors due to its impressive profit potential. The token, initially priced at $0.005, has just transitioned from Phase 1 to Phase 2, raising...
