Imminent Burning of BNB May Increase Crypto Price, Says CZ

  • Changpeng Zhao (CZ) announced the imminent burning of BNB Coin
  • BNB boost its growth rate to almost 4000% in the past 12 months

Changpeng Zhao (CZ), the CEO of Binance, recently announced the imminent burning of its native currency Binance Coin (BNB). Along with these statements, he also added that upon the burning of its native currency, the price of BNB might increase.

As a result, investors around the world are now closely monitoring the crypto. However, Changpeng Zhao says that his statement is not financial advice.

The BNB Coin is now one of the sensational cryptos in the history of the crypto world. To be specific, many are surprised with the boost of its market capitalization in the past months that instantly put the crypto into the number three spot in CoinGecko.

Furthermore, the crypto continues to skyrocket its price due to the continued mass adoption of its native token. For this reason, crypto enthusiasts and analysts can’t stop forecasting the chances that BNB may flip the Ethereum crypto in the days to come. If it does, the crypto world for sure will go crazy over the BNB crypto.

Today, BNB trades at a high price of over $600 with a growth rate of almost 4000% in the past 12 months. Indeed, BNB is one of the active and potential cryptos this year.

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