137 shares, 350 points

Today, for a short time, Binance coin (BNB), the native token of Binance’s Smart Chain (BSC) ecosystem, took the 3rd place in the market valuation according to Coinmarketcap data, surpassing Cardano. BNB bulls may be preparing to hit new highs, according to analyst Adrian Klent. However, a popular crypto critic argues that altcoin BNB still has no value. The analyst emphasizes that Binance is associated with too many crimes.

Mr. Whale: BNB is worth zero

It currently has a market capitalization of over $73 billion, fueled by increased activity in the BSC ecosystem. A look at the BSC scan shows that the number of unique addresses has exceeded 90 million and the number of active addresses surpasses Ethereum thanks to the high feedollarser on the second largest Blockchain. However, recent comments reveal that not all observers are impressed by the reasons BNB has covered in the crypto industry. Mr. The cryptocurrency analyst nicknamed Whale said that he still believes that in reality BNB is worth “zero” due to Binance’s multiple scandals:

Binance has been banned in more than 37 countries, there are dozens of fraud and price manipulation cases, and a whole host of other scandals. In reality, this coin (BNB) is worth zero, but this shows you how fake this market really is.

Meanwhile, the reality for most market players, including Binance CEO Changpeng Zhao, is that BNB is poised to outperform its competitors. This sentiment is mostly due to the 16th quarterly token burn, which was completed in July and burned 1,296,728 BNB (over $390 million at the time) by Binance. As indicated in the tokenomics of the BSC ecosystem, the removal of tokens has the effect of making BNB more scarce in the market.

What happened in altcoin price after token burning?

Shortly after the burn was completed, CZ apparently hinted that the price of BNB riveted a $1,000 price tag. Despite the current turbulent phase of the stock market, his predictions can be supported by the market outlook, as they are still quite successful and retain their status as the largest cryptocurrency exchange globally. Recall that although it is currently ranked as the 4th largest altcoin project by market cap, it was the 3rd largest cryptocurrency for a short time in February. In the past 30 days, the exchange has processed over $3 trillion in trades, an impressive figure by all standards.

Exchange also,  Cryptocoin. com, it is currently struggling to escape the heavy regulatory scrutiny it is under and has made several moves to become more compliant with regulators. His latest move in this direction was the announcement that Tigran Gambaryan, a former US Internal Revenue Service (IRS) agent, was hired.

During her days at the IRS, Gambaryan reportedly ran the Silk Road website print and Mt. He spearheaded several high-profile investigations, including the Gox hack investigation. It also announced the recruitment of Matthew Price, a former IRS special agent with an impressive track record. Price is taking over as senior director of Binance investigations.

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