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RE: Bitcoin is Booming - What is your favorite cryptocurrency?|| Binance Coin (BNB)
Every three months there is a Binance Coin (BNB) burn which is dependent on 20% of the total transaction fee on Binance.
That's doing a favor to the dynamics of the supply/demand of BNB.
BNB is arguably one of the best coins and outperformed and appreciated over 300 times since its inception.
Binance Coin (BNB) is surely going to be experiencing an increase in price due to a few factors which include its use case, burning, and its staking program.
Even without that, an exchange platform always makes money regardless of the loss/profit of traders. That always makes the associated coin like BNB a strong coin. Binance as a popular exchange platform with the largest trading volume further makes it more demanding among investors.
Thank you.
Steem on.