maintains a burn rate of more than two million BNB for the next 10 years, it will eliminate more than a third of its current supply.
BNB delivered an impressive performance in the last few years. Its $260 price tag, at press time, was still relatively high despite the sizable drawback from its $691 all-time high. As far as short-term demand is concerned, both the 30-day MVRV ratio and the 90-day mean coin age are down in the last four weeks.The downward trajectory indicates that investors have been trimming their balances during the last four weeks. In other words, BNB’s price action has been characterized by low buying pressure, allowing the bears to dominate.
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