BNB is up a lot in the last few days. There has been some new news but mostly this is because their financial quarter is about to close and they will use 20% of their profit to burn coins starting in April. I've read that BNB may hit as high as $50 based on how much it jumped on the last two coin burns (arrows on the chart), read technical valuation analysis that supports BNB as a $40 coin for it's utility as a discount for trading. Me? I'm selling when it hit $20 or before the burn complete tweet hits (likely April 13th).
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I quote USD above because BNB offers USD benefits. Big traders set their standard buy amounts in USD not BTC. When trading $10,000 on Binance it will cost me $20 (buy and sell side costs) if I don't use BNB. With BNB its only $10. That is huge.
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We are up 25% since I made this call so feel free to take profits. This trade will close after the next run or by the 12th, whichever comes first.
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Set an alert on this wallet. This is the BNB burn wallet. Any movement is first step to sending the burn command which is about 5 min before CK will tweet that the burn is complete. You're playing with fire if you're waiting for this, but that's your choice.
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