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BNB – the native token of the BNB Chain ecosystem – has recently recorded a strong price increase. Some key factors driving this trend include:
🔥 1. Increased demand for BNB
BNB is used to pay transaction fees on the BNB Smart Chain and on Binance exchange. As the number of transactions increases, the demand to buy BNB also rises, creating upward pressure on the price.
🔥 2. Regular burning activity
Binance conducts a quarterly BNB burn mechanism, helping to reduce the circulating supply. As the supply decreases while demand remains high, the price of BNB tends to increase.
🔥 3. Expansion of the BNB Chain ecosystem
The development of DeFi, GameFi, and many new projects on the BNB Chain attracts more users, increasing the usage and holding of BNB.
🔥 4. Positive market sentiment
When the crypto market recovers or expectations arise for a new bullish cycle, funds tend to flow into major tokens like BNB, causing a significant price increase.
🔥 1. Increased demand for BNB
BNB is used to pay transaction fees on the BNB Smart Chain and on Binance exchange. As the number of transactions increases, the demand to buy BNB also rises, creating upward pressure on the price.
🔥 2. Regular burning activity
Binance conducts a quarterly BNB burn mechanism, helping to reduce the circulating supply. As the supply decreases while demand remains high, the price of BNB tends to increase.
🔥 3. Expansion of the BNB Chain ecosystem
The development of DeFi, GameFi, and many new projects on the BNB Chain attracts more users, increasing the usage and holding of BNB.
🔥 4. Positive market sentiment
When the crypto market recovers or expectations arise for a new bullish cycle, funds tend to flow into major tokens like BNB, causing a significant price increase.
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Fundamental analysis in crypto is similar to fundamental analysis in traditional financial markets, but there are some unique characteristics:
According to KuCoin, fundamental analysis in crypto includes many on-chain metrics such as: hash rate, active addresses, transaction value, transaction fees, etc.
KuCoin
There are also financial indicators: market capitalization (market cap), token supply, trading volume,…
KuCoin
The actual value of a coin can be divided into speculative value and utility value — fundamental analysis helps distinguish whether the coin has 'use' value or is merely a speculative tool.
KuCoin
On-chain metrics are very important: for example, hash rate (for PoW networks) indicates security strength, the number of active addresses indicates network usage, etc.
KuCoin
Advantages of fundamental analysis:
Helps assess the long-term potential of the project: if a coin has a good technology foundation, a strong team, and a clear use-case → it can be a long-term investment.
Reduces pump-dump risk, as you look at the real value, not just short-term volatility.
Filters out 'junk' projects: fundamental analysis helps you identify unsustainable or fraudulent projects.
Limitations:
On-chain data can be complex to analyze if you are not familiar with it.
Does not help well in determining short-term buying and selling timing.
With some new projects, the activity history is very limited → hard to assess.
According to KuCoin, fundamental analysis in crypto includes many on-chain metrics such as: hash rate, active addresses, transaction value, transaction fees, etc.
KuCoin
There are also financial indicators: market capitalization (market cap), token supply, trading volume,…
KuCoin
The actual value of a coin can be divided into speculative value and utility value — fundamental analysis helps distinguish whether the coin has 'use' value or is merely a speculative tool.
KuCoin
On-chain metrics are very important: for example, hash rate (for PoW networks) indicates security strength, the number of active addresses indicates network usage, etc.
KuCoin
Advantages of fundamental analysis:
Helps assess the long-term potential of the project: if a coin has a good technology foundation, a strong team, and a clear use-case → it can be a long-term investment.
Reduces pump-dump risk, as you look at the real value, not just short-term volatility.
Filters out 'junk' projects: fundamental analysis helps you identify unsustainable or fraudulent projects.
Limitations:
On-chain data can be complex to analyze if you are not familiar with it.
Does not help well in determining short-term buying and selling timing.
With some new projects, the activity history is very limited → hard to assess.
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BNB (short for “Build and Build”) is the native cryptocurrency of the Binance ecosystem – one of the largest cryptocurrency exchanges in the world. Initially, BNB was issued through an ICO (Initial Coin Offering) in July 2017, with an initial price of just 0.1 USD/BNB. The initial goal was to help users reduce trading fees on the Binance exchange.
Over time, BNB has grown significantly, becoming the main fuel for the entire Binance Smart Chain ecosystem (now known as BNB Chain) – an independent blockchain network that supports smart contracts and thousands of decentralized applications (dApps).
2. Basic Information
Full Name: Binance Coin
Symbol: BNB
Blockchain: BNB Chain (comprising BNB Beacon Chain and BNB Smart Chain)
Initial Total Supply: 200 million BNB
Coin Burn Mechanism: Binance conducts quarterly burns of BNB to reduce the circulating supply and increase the long-term value of the token.
Consensus Mechanism: Proof of Staked Authority (PoSA) – a combination of Proof of Stake and Proof of Authority.
3. Main Functions of BNB
BNB is not just a coin for trading, but also plays a central role in the Binance ecosystem:
Reducing trading fees on Binance Spot, Futures, Margin.
Gas fees when trading on the BNB Smart Chain (similar to ETH on the Ethereum network).
Participating in staking to earn rewards or become a validator in the network.
Used in DeFi, NFT, GameFi, and many other applications running on BNB Chain.
Paying for services (e.g.: travel, shopping, Binance Card credit card,…).
4. BNB Chain Ecosystem
BNB Chain consists of two main components:
BNB Beacon Chain: Manages governance, voting, staking.
BNB Smart Chain (BSC): Supports smart contracts and is EVM (Ethereum Virtual Machine) compatible.
Thanks to low transaction fees and speed
Over time, BNB has grown significantly, becoming the main fuel for the entire Binance Smart Chain ecosystem (now known as BNB Chain) – an independent blockchain network that supports smart contracts and thousands of decentralized applications (dApps).
2. Basic Information
Full Name: Binance Coin
Symbol: BNB
Blockchain: BNB Chain (comprising BNB Beacon Chain and BNB Smart Chain)
Initial Total Supply: 200 million BNB
Coin Burn Mechanism: Binance conducts quarterly burns of BNB to reduce the circulating supply and increase the long-term value of the token.
Consensus Mechanism: Proof of Staked Authority (PoSA) – a combination of Proof of Stake and Proof of Authority.
3. Main Functions of BNB
BNB is not just a coin for trading, but also plays a central role in the Binance ecosystem:
Reducing trading fees on Binance Spot, Futures, Margin.
Gas fees when trading on the BNB Smart Chain (similar to ETH on the Ethereum network).
Participating in staking to earn rewards or become a validator in the network.
Used in DeFi, NFT, GameFi, and many other applications running on BNB Chain.
Paying for services (e.g.: travel, shopping, Binance Card credit card,…).
4. BNB Chain Ecosystem
BNB Chain consists of two main components:
BNB Beacon Chain: Manages governance, voting, staking.
BNB Smart Chain (BSC): Supports smart contracts and is EVM (Ethereum Virtual Machine) compatible.
Thanks to low transaction fees and speed
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Create at least one original post with a minimum of 100 characters on Binance Square. Your post must mention @OpenLedger and have the hashtags #OpenLedger and $OPEN to qualify. The content must be related to OpenLedger and must be original content.
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Create content about OpenLedger on Binance Square to receive attention and rank up.
Create at least one original post with a minimum of 100 characters on @binancesquare. Your post must mention @OpenLedger and include the hashtag #OpenLedger and $OPEN to be eligible. The content must be related to OpenLedger and must be original content.
Create at least one original post with a minimum of 100 characters on @binancesquare. Your post must mention @OpenLedger and include the hashtag #OpenLedger and $OPEN to be eligible. The content must be related to OpenLedger and must be original content.
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OpenLedger is a decentralized blockchain platform that previously operated as a digital asset exchange, using BitShares technology. On Binance, OpenLedger is no longer listed or officially supported, as the platform ceased operations in 2020. Previously, users could trade tokens issued through the OpenLedger ecosystem, however, due to changes in the market and regulations, the platform has shut down. Currently, Binance focuses on supporting blockchain projects that are more active and transparent in the DeFi ecosystem.
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OpenLedger is a decentralized blockchain platform that once operated as a digital asset exchange, using BitShares technology. On Binance, OpenLedger is no longer listed or officially supported, as the platform ceased operations in 2020. Previously, users could trade tokens issued through the OpenLedger ecosystem, however, due to changes in the market and regulations, the platform has shut down. Currently, Binance focuses on supporting more robust and transparent blockchain projects in the DeFi ecosystem. Thought
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Binance is one of the largest cryptocurrency exchanges in the world, founded in 2017 by Changpeng Zhao. The exchange supports trading hundreds of types of cryptocurrencies such as Bitcoin, Ethereum, BNB, and many other altcoins. With a user-friendly interface, low trading fees, and high liquidity, Binance attracts millions of users globally. In addition to spot trading, Binance also offers services such as futures, staking, launchpad, and e-wallet. This is the top choice for both new and professional investors in the field of cryptocurrency.
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Binance is one of the largest cryptocurrency exchanges in the world, founded in 2017 by Changpeng Zhao. The exchange supports trading of hundreds of cryptocurrencies such as Bitcoin, Ethereum, BNB, and many other altcoins. With a user-friendly interface, low trading fees, and high liquidity, Binance attracts millions of users globally. In addition to spot trading, Binance also offers services such as futures, staking, launchpad, and digital wallets. It is the top choice for both new and professional investors in the field of cryptocurrency.
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Wonderful
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Coin is a type of cryptocurrency that is issued on its own separate blockchain platform and operates independently. Coins are created for the purpose of being a currency for payment, exchange, rewards,..#BNB #cointobuy #Bitcoin❗ $BTC $SOL $XRP
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