Binance Coin rises even as crypto market crashes

user avatar

by Giorgi Kostiuk

2 years ago

Despite the crypto market crash, Binance Coin shows resilience, maintaining a position close to its all-time high.

Comparison with other cryptocurrencies

Binance Coin was trading at $695, just 12% below its record high, while Bitcoin has fallen by 15% and mega cap cryptocurrencies like Solana have declined over 20%. BNB's stability is due to its lower correlation with Bitcoin and other cryptocurrencies.

BNB token burn mechanism

BNB's price action is influenced by substantial quarterly token burns. Binance uses real-time and quarterly burning mechanisms. Real-time burns have incinerated BNB tokens worth $171 million. The quarterly burn is based on the number of blocks produced, with 1.63 million tokens burned in Q4 worth $1.02 billion.

BNB forecasts and development

The BSC ecosystem has shown growth with a 3% increase in total value locked in the last 30 days, while Ethereum, Solana, and Tron shed over 8%. Decentralized exchanges have processed over $9.75 billion in the last seven days. Technical indicators suggest further upside potential with a cup and handle pattern that could lead to a more than 70% price increase, potentially to $1,180 in the long term.

BNB demonstrates resilience due to low correlation and effective burning mechanisms. Technical indicators suggest continued growth potential.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Wall Street Banks Bullish on SPCX Stock

Two major Wall Street banks, Mizuho and Morgan Stanley, have expressed a bullish outlook on SpaceX stock (SPCX), with price targets of $200 and $300 respectively.

user avatarMaya Lundqvist

Elon Musk Optimistic About SpaceX AI Developments

Elon Musk expresses optimism about SpaceX's AI developments, expecting significant advancements in the coming months.

user avatarKaterina Papadopoulou

MEXC Introduces MEXC CLI for Enhanced AI Trading Experience

MEXC introduces MEXC CLI, a command-line tool that allows users to connect their AI agents directly to the trading platform for seamless trading execution.

user avatarLeo van der Veen

XRP Reaches New All-Time High After SEC Settlement

XRP has surged to a new all-time high of 365 in July 2025 following a settlement in the SEC vs Ripple lawsuit.

user avatarAisha Farooq

Warren Buffett's Berkshire Hathaway to Earn $848 Million from Coca-Cola Dividends

Warren Buffett's Berkshire Hathaway is set to earn $848 million in dividends from Coca-Cola due to its long-term investment since 1994.

user avatarTenzin Dorje

Coca-Cola to Pay Quarterly Dividends on October 1, 2026

Coca-Cola announces a quarterly dividend of $0.53 per share to investors before the ex-dividend date of September 15, 2026, payable on October 1, 2026.

user avatarLi Weicheng

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.