\n

According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n

According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n

Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n

According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n

Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n

According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
\"BNBUSD
BNBUSD<\/a> Support & Resistance Levels. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n

Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n

According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n

\"BNBUSD
BNBUSD<\/a> Support & Resistance Levels. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n

Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n

According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Binance Coin (BNB) Technical Analysis<\/h2>\n\n\n\n

The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n

\"BNBUSD
BNBUSD<\/a> Support & Resistance Levels. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n

Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n

According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The U.S. economy faces recession risk that could dent corporate earnings, and because of this, the outlook for risk appetite in the near term is not looking good. At the same time, the cryptocurrency market faces a deep trust crisis as the collapse of the FTX created unprecedented market turmoil that could last for several more months.<\/p>\n\n\n\n

Binance Coin (BNB) Technical Analysis<\/h2>\n\n\n\n

The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n

\"BNBUSD
BNBUSD<\/a> Support & Resistance Levels. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n

Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n

According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The next Federal Reserve meeting is scheduled for December 13, and it is still not sure if the Federal Reserve will take a less aggressive stance in its interest rate hikes. Expectations are that Fed policymakers will probably raise interest rates by 50 basis points, but the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation.<\/p>\n\n\n\n

The U.S. economy faces recession risk that could dent corporate earnings, and because of this, the outlook for risk appetite in the near term is not looking good. At the same time, the cryptocurrency market faces a deep trust crisis as the collapse of the FTX created unprecedented market turmoil that could last for several more months.<\/p>\n\n\n\n

Binance Coin (BNB) Technical Analysis<\/h2>\n\n\n\n

The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n

\"BNBUSD
BNBUSD<\/a> Support & Resistance Levels. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n

Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n

According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

\"Expectations are beginning to unravel a little bit as the market realizes that the Fed may have to maintain rates at a higher level for longer than it had hoped, and this is placing a more downward pressure on the markets.\"<\/em><\/p>\n\n\n\n

The next Federal Reserve meeting is scheduled for December 13, and it is still not sure if the Federal Reserve will take a less aggressive stance in its interest rate hikes. Expectations are that Fed policymakers will probably raise interest rates by 50 basis points, but the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation.<\/p>\n\n\n\n

The U.S. economy faces recession risk that could dent corporate earnings, and because of this, the outlook for risk appetite in the near term is not looking good. At the same time, the cryptocurrency market faces a deep trust crisis as the collapse of the FTX created unprecedented market turmoil that could last for several more months.<\/p>\n\n\n\n

Binance Coin (BNB) Technical Analysis<\/h2>\n\n\n\n

The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n

\"BNBUSD
BNBUSD<\/a> Support & Resistance Levels. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n

Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n

According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Binance Coin<\/a> (BNB) has weakened more than 25% after the FTX cryptocurrency exchange filed Chapter 11 for bankruptcy<\/a> and ended up with a huge liquidity gap of over $8 billion. The risk of further decline for BNB is still not over, especially after the latest news that the U.S. central bank might stick to a longer rate-hike cycle. Jason Pride, chief investment officer for private wealth at Glenmede in Philadelphia, said:<\/p>\n\n\n\n

\"Expectations are beginning to unravel a little bit as the market realizes that the Fed may have to maintain rates at a higher level for longer than it had hoped, and this is placing a more downward pressure on the markets.\"<\/em><\/p>\n\n\n\n

The next Federal Reserve meeting is scheduled for December 13, and it is still not sure if the Federal Reserve will take a less aggressive stance in its interest rate hikes. Expectations are that Fed policymakers will probably raise interest rates by 50 basis points, but the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation.<\/p>\n\n\n\n

The U.S. economy faces recession risk that could dent corporate earnings, and because of this, the outlook for risk appetite in the near term is not looking good. At the same time, the cryptocurrency market faces a deep trust crisis as the collapse of the FTX created unprecedented market turmoil that could last for several more months.<\/p>\n\n\n\n

Binance Coin (BNB) Technical Analysis<\/h2>\n\n\n\n

The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n

\"BNBUSD
BNBUSD<\/a> Support & Resistance Levels. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n

Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n

According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8691,"post_author":"14","post_date":"2022-12-08 23:20:13","post_date_gmt":"2022-12-08 12:20:13","post_content":"\n

Binance Coin<\/a> (BNB) has weakened more than 25% after the FTX cryptocurrency exchange filed Chapter 11 for bankruptcy<\/a> and ended up with a huge liquidity gap of over $8 billion. The risk of further decline for BNB is still not over, especially after the latest news that the U.S. central bank might stick to a longer rate-hike cycle. Jason Pride, chief investment officer for private wealth at Glenmede in Philadelphia, said:<\/p>\n\n\n\n

\"Expectations are beginning to unravel a little bit as the market realizes that the Fed may have to maintain rates at a higher level for longer than it had hoped, and this is placing a more downward pressure on the markets.\"<\/em><\/p>\n\n\n\n

The next Federal Reserve meeting is scheduled for December 13, and it is still not sure if the Federal Reserve will take a less aggressive stance in its interest rate hikes. Expectations are that Fed policymakers will probably raise interest rates by 50 basis points, but the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation.<\/p>\n\n\n\n

The U.S. economy faces recession risk that could dent corporate earnings, and because of this, the outlook for risk appetite in the near term is not looking good. At the same time, the cryptocurrency market faces a deep trust crisis as the collapse of the FTX created unprecedented market turmoil that could last for several more months.<\/p>\n\n\n\n

Binance Coin (BNB) Technical Analysis<\/h2>\n\n\n\n

The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n

\"BNBUSD
BNBUSD<\/a> Support & Resistance Levels. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n

Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n

According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

What If I Lose My BNB?<\/h3>\n\n\n\n

In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8691,"post_author":"14","post_date":"2022-12-08 23:20:13","post_date_gmt":"2022-12-08 12:20:13","post_content":"\n

Binance Coin<\/a> (BNB) has weakened more than 25% after the FTX cryptocurrency exchange filed Chapter 11 for bankruptcy<\/a> and ended up with a huge liquidity gap of over $8 billion. The risk of further decline for BNB is still not over, especially after the latest news that the U.S. central bank might stick to a longer rate-hike cycle. Jason Pride, chief investment officer for private wealth at Glenmede in Philadelphia, said:<\/p>\n\n\n\n

\"Expectations are beginning to unravel a little bit as the market realizes that the Fed may have to maintain rates at a higher level for longer than it had hoped, and this is placing a more downward pressure on the markets.\"<\/em><\/p>\n\n\n\n

The next Federal Reserve meeting is scheduled for December 13, and it is still not sure if the Federal Reserve will take a less aggressive stance in its interest rate hikes. Expectations are that Fed policymakers will probably raise interest rates by 50 basis points, but the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation.<\/p>\n\n\n\n

The U.S. economy faces recession risk that could dent corporate earnings, and because of this, the outlook for risk appetite in the near term is not looking good. At the same time, the cryptocurrency market faces a deep trust crisis as the collapse of the FTX created unprecedented market turmoil that could last for several more months.<\/p>\n\n\n\n

Binance Coin (BNB) Technical Analysis<\/h2>\n\n\n\n

The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n

\"BNBUSD
BNBUSD<\/a> Support & Resistance Levels. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n

Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n

According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n

What If I Lose My BNB?<\/h3>\n\n\n\n

In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8691,"post_author":"14","post_date":"2022-12-08 23:20:13","post_date_gmt":"2022-12-08 12:20:13","post_content":"\n

Binance Coin<\/a> (BNB) has weakened more than 25% after the FTX cryptocurrency exchange filed Chapter 11 for bankruptcy<\/a> and ended up with a huge liquidity gap of over $8 billion. The risk of further decline for BNB is still not over, especially after the latest news that the U.S. central bank might stick to a longer rate-hike cycle. Jason Pride, chief investment officer for private wealth at Glenmede in Philadelphia, said:<\/p>\n\n\n\n

\"Expectations are beginning to unravel a little bit as the market realizes that the Fed may have to maintain rates at a higher level for longer than it had hoped, and this is placing a more downward pressure on the markets.\"<\/em><\/p>\n\n\n\n

The next Federal Reserve meeting is scheduled for December 13, and it is still not sure if the Federal Reserve will take a less aggressive stance in its interest rate hikes. Expectations are that Fed policymakers will probably raise interest rates by 50 basis points, but the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation.<\/p>\n\n\n\n

The U.S. economy faces recession risk that could dent corporate earnings, and because of this, the outlook for risk appetite in the near term is not looking good. At the same time, the cryptocurrency market faces a deep trust crisis as the collapse of the FTX created unprecedented market turmoil that could last for several more months.<\/p>\n\n\n\n

Binance Coin (BNB) Technical Analysis<\/h2>\n\n\n\n

The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n

\"BNBUSD
BNBUSD<\/a> Support & Resistance Levels. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n

Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n

According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n

Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n

What If I Lose My BNB?<\/h3>\n\n\n\n

In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8691,"post_author":"14","post_date":"2022-12-08 23:20:13","post_date_gmt":"2022-12-08 12:20:13","post_content":"\n

Binance Coin<\/a> (BNB) has weakened more than 25% after the FTX cryptocurrency exchange filed Chapter 11 for bankruptcy<\/a> and ended up with a huge liquidity gap of over $8 billion. The risk of further decline for BNB is still not over, especially after the latest news that the U.S. central bank might stick to a longer rate-hike cycle. Jason Pride, chief investment officer for private wealth at Glenmede in Philadelphia, said:<\/p>\n\n\n\n

\"Expectations are beginning to unravel a little bit as the market realizes that the Fed may have to maintain rates at a higher level for longer than it had hoped, and this is placing a more downward pressure on the markets.\"<\/em><\/p>\n\n\n\n

The next Federal Reserve meeting is scheduled for December 13, and it is still not sure if the Federal Reserve will take a less aggressive stance in its interest rate hikes. Expectations are that Fed policymakers will probably raise interest rates by 50 basis points, but the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation.<\/p>\n\n\n\n

The U.S. economy faces recession risk that could dent corporate earnings, and because of this, the outlook for risk appetite in the near term is not looking good. At the same time, the cryptocurrency market faces a deep trust crisis as the collapse of the FTX created unprecedented market turmoil that could last for several more months.<\/p>\n\n\n\n

Binance Coin (BNB) Technical Analysis<\/h2>\n\n\n\n

The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n

\"BNBUSD
BNBUSD<\/a> Support & Resistance Levels. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n

Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n

According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n

Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n

Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n

What If I Lose My BNB?<\/h3>\n\n\n\n

In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8691,"post_author":"14","post_date":"2022-12-08 23:20:13","post_date_gmt":"2022-12-08 12:20:13","post_content":"\n

Binance Coin<\/a> (BNB) has weakened more than 25% after the FTX cryptocurrency exchange filed Chapter 11 for bankruptcy<\/a> and ended up with a huge liquidity gap of over $8 billion. The risk of further decline for BNB is still not over, especially after the latest news that the U.S. central bank might stick to a longer rate-hike cycle. Jason Pride, chief investment officer for private wealth at Glenmede in Philadelphia, said:<\/p>\n\n\n\n

\"Expectations are beginning to unravel a little bit as the market realizes that the Fed may have to maintain rates at a higher level for longer than it had hoped, and this is placing a more downward pressure on the markets.\"<\/em><\/p>\n\n\n\n

The next Federal Reserve meeting is scheduled for December 13, and it is still not sure if the Federal Reserve will take a less aggressive stance in its interest rate hikes. Expectations are that Fed policymakers will probably raise interest rates by 50 basis points, but the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation.<\/p>\n\n\n\n

The U.S. economy faces recession risk that could dent corporate earnings, and because of this, the outlook for risk appetite in the near term is not looking good. At the same time, the cryptocurrency market faces a deep trust crisis as the collapse of the FTX created unprecedented market turmoil that could last for several more months.<\/p>\n\n\n\n

Binance Coin (BNB) Technical Analysis<\/h2>\n\n\n\n

The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n

\"BNBUSD
BNBUSD<\/a> Support & Resistance Levels. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n

Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n

According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n

Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n

Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n

Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n

What If I Lose My BNB?<\/h3>\n\n\n\n

In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8691,"post_author":"14","post_date":"2022-12-08 23:20:13","post_date_gmt":"2022-12-08 12:20:13","post_content":"\n

Binance Coin<\/a> (BNB) has weakened more than 25% after the FTX cryptocurrency exchange filed Chapter 11 for bankruptcy<\/a> and ended up with a huge liquidity gap of over $8 billion. The risk of further decline for BNB is still not over, especially after the latest news that the U.S. central bank might stick to a longer rate-hike cycle. Jason Pride, chief investment officer for private wealth at Glenmede in Philadelphia, said:<\/p>\n\n\n\n

\"Expectations are beginning to unravel a little bit as the market realizes that the Fed may have to maintain rates at a higher level for longer than it had hoped, and this is placing a more downward pressure on the markets.\"<\/em><\/p>\n\n\n\n

The next Federal Reserve meeting is scheduled for December 13, and it is still not sure if the Federal Reserve will take a less aggressive stance in its interest rate hikes. Expectations are that Fed policymakers will probably raise interest rates by 50 basis points, but the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation.<\/p>\n\n\n\n

The U.S. economy faces recession risk that could dent corporate earnings, and because of this, the outlook for risk appetite in the near term is not looking good. At the same time, the cryptocurrency market faces a deep trust crisis as the collapse of the FTX created unprecedented market turmoil that could last for several more months.<\/p>\n\n\n\n

Binance Coin (BNB) Technical Analysis<\/h2>\n\n\n\n

The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n

\"BNBUSD
BNBUSD<\/a> Support & Resistance Levels. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n

Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n

According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n

The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n

Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n

Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n

Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n

What If I Lose My BNB?<\/h3>\n\n\n\n

In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8691,"post_author":"14","post_date":"2022-12-08 23:20:13","post_date_gmt":"2022-12-08 12:20:13","post_content":"\n

Binance Coin<\/a> (BNB) has weakened more than 25% after the FTX cryptocurrency exchange filed Chapter 11 for bankruptcy<\/a> and ended up with a huge liquidity gap of over $8 billion. The risk of further decline for BNB is still not over, especially after the latest news that the U.S. central bank might stick to a longer rate-hike cycle. Jason Pride, chief investment officer for private wealth at Glenmede in Philadelphia, said:<\/p>\n\n\n\n

\"Expectations are beginning to unravel a little bit as the market realizes that the Fed may have to maintain rates at a higher level for longer than it had hoped, and this is placing a more downward pressure on the markets.\"<\/em><\/p>\n\n\n\n

The next Federal Reserve meeting is scheduled for December 13, and it is still not sure if the Federal Reserve will take a less aggressive stance in its interest rate hikes. Expectations are that Fed policymakers will probably raise interest rates by 50 basis points, but the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation.<\/p>\n\n\n\n

The U.S. economy faces recession risk that could dent corporate earnings, and because of this, the outlook for risk appetite in the near term is not looking good. At the same time, the cryptocurrency market faces a deep trust crisis as the collapse of the FTX created unprecedented market turmoil that could last for several more months.<\/p>\n\n\n\n

Binance Coin (BNB) Technical Analysis<\/h2>\n\n\n\n

The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n

\"BNBUSD
BNBUSD<\/a> Support & Resistance Levels. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n

Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n

According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n

Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n

The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n

Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n

Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n

Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n

What If I Lose My BNB?<\/h3>\n\n\n\n

In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8691,"post_author":"14","post_date":"2022-12-08 23:20:13","post_date_gmt":"2022-12-08 12:20:13","post_content":"\n

Binance Coin<\/a> (BNB) has weakened more than 25% after the FTX cryptocurrency exchange filed Chapter 11 for bankruptcy<\/a> and ended up with a huge liquidity gap of over $8 billion. The risk of further decline for BNB is still not over, especially after the latest news that the U.S. central bank might stick to a longer rate-hike cycle. Jason Pride, chief investment officer for private wealth at Glenmede in Philadelphia, said:<\/p>\n\n\n\n

\"Expectations are beginning to unravel a little bit as the market realizes that the Fed may have to maintain rates at a higher level for longer than it had hoped, and this is placing a more downward pressure on the markets.\"<\/em><\/p>\n\n\n\n

The next Federal Reserve meeting is scheduled for December 13, and it is still not sure if the Federal Reserve will take a less aggressive stance in its interest rate hikes. Expectations are that Fed policymakers will probably raise interest rates by 50 basis points, but the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation.<\/p>\n\n\n\n

The U.S. economy faces recession risk that could dent corporate earnings, and because of this, the outlook for risk appetite in the near term is not looking good. At the same time, the cryptocurrency market faces a deep trust crisis as the collapse of the FTX created unprecedented market turmoil that could last for several more months.<\/p>\n\n\n\n

Binance Coin (BNB) Technical Analysis<\/h2>\n\n\n\n

The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n

\"BNBUSD
BNBUSD<\/a> Support & Resistance Levels. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n

Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n

According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n

Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n

Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n

The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n

Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n

Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n

Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n

What If I Lose My BNB?<\/h3>\n\n\n\n

In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8691,"post_author":"14","post_date":"2022-12-08 23:20:13","post_date_gmt":"2022-12-08 12:20:13","post_content":"\n

Binance Coin<\/a> (BNB) has weakened more than 25% after the FTX cryptocurrency exchange filed Chapter 11 for bankruptcy<\/a> and ended up with a huge liquidity gap of over $8 billion. The risk of further decline for BNB is still not over, especially after the latest news that the U.S. central bank might stick to a longer rate-hike cycle. Jason Pride, chief investment officer for private wealth at Glenmede in Philadelphia, said:<\/p>\n\n\n\n

\"Expectations are beginning to unravel a little bit as the market realizes that the Fed may have to maintain rates at a higher level for longer than it had hoped, and this is placing a more downward pressure on the markets.\"<\/em><\/p>\n\n\n\n

The next Federal Reserve meeting is scheduled for December 13, and it is still not sure if the Federal Reserve will take a less aggressive stance in its interest rate hikes. Expectations are that Fed policymakers will probably raise interest rates by 50 basis points, but the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation.<\/p>\n\n\n\n

The U.S. economy faces recession risk that could dent corporate earnings, and because of this, the outlook for risk appetite in the near term is not looking good. At the same time, the cryptocurrency market faces a deep trust crisis as the collapse of the FTX created unprecedented market turmoil that could last for several more months.<\/p>\n\n\n\n

Binance Coin (BNB) Technical Analysis<\/h2>\n\n\n\n

The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n

\"BNBUSD
BNBUSD<\/a> Support & Resistance Levels. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n

Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n

According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n

The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n

Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n

Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n

The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n

Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n

Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n

Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n

What If I Lose My BNB?<\/h3>\n\n\n\n

In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8691,"post_author":"14","post_date":"2022-12-08 23:20:13","post_date_gmt":"2022-12-08 12:20:13","post_content":"\n

Binance Coin<\/a> (BNB) has weakened more than 25% after the FTX cryptocurrency exchange filed Chapter 11 for bankruptcy<\/a> and ended up with a huge liquidity gap of over $8 billion. The risk of further decline for BNB is still not over, especially after the latest news that the U.S. central bank might stick to a longer rate-hike cycle. Jason Pride, chief investment officer for private wealth at Glenmede in Philadelphia, said:<\/p>\n\n\n\n

\"Expectations are beginning to unravel a little bit as the market realizes that the Fed may have to maintain rates at a higher level for longer than it had hoped, and this is placing a more downward pressure on the markets.\"<\/em><\/p>\n\n\n\n

The next Federal Reserve meeting is scheduled for December 13, and it is still not sure if the Federal Reserve will take a less aggressive stance in its interest rate hikes. Expectations are that Fed policymakers will probably raise interest rates by 50 basis points, but the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation.<\/p>\n\n\n\n

The U.S. economy faces recession risk that could dent corporate earnings, and because of this, the outlook for risk appetite in the near term is not looking good. At the same time, the cryptocurrency market faces a deep trust crisis as the collapse of the FTX created unprecedented market turmoil that could last for several more months.<\/p>\n\n\n\n

Binance Coin (BNB) Technical Analysis<\/h2>\n\n\n\n

The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n

\"BNBUSD
BNBUSD<\/a> Support & Resistance Levels. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n

Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n

According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n

Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n

The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n

Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n

Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n

The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n

Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n

Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n

Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n

What If I Lose My BNB?<\/h3>\n\n\n\n

In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8691,"post_author":"14","post_date":"2022-12-08 23:20:13","post_date_gmt":"2022-12-08 12:20:13","post_content":"\n

Binance Coin<\/a> (BNB) has weakened more than 25% after the FTX cryptocurrency exchange filed Chapter 11 for bankruptcy<\/a> and ended up with a huge liquidity gap of over $8 billion. The risk of further decline for BNB is still not over, especially after the latest news that the U.S. central bank might stick to a longer rate-hike cycle. Jason Pride, chief investment officer for private wealth at Glenmede in Philadelphia, said:<\/p>\n\n\n\n

\"Expectations are beginning to unravel a little bit as the market realizes that the Fed may have to maintain rates at a higher level for longer than it had hoped, and this is placing a more downward pressure on the markets.\"<\/em><\/p>\n\n\n\n

The next Federal Reserve meeting is scheduled for December 13, and it is still not sure if the Federal Reserve will take a less aggressive stance in its interest rate hikes. Expectations are that Fed policymakers will probably raise interest rates by 50 basis points, but the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation.<\/p>\n\n\n\n

The U.S. economy faces recession risk that could dent corporate earnings, and because of this, the outlook for risk appetite in the near term is not looking good. At the same time, the cryptocurrency market faces a deep trust crisis as the collapse of the FTX created unprecedented market turmoil that could last for several more months.<\/p>\n\n\n\n

Binance Coin (BNB) Technical Analysis<\/h2>\n\n\n\n

The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n

\"BNBUSD
BNBUSD<\/a> Support & Resistance Levels. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n

Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n

According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n

Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n

Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n

The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n

Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n

Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n

The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n

Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n

Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n

Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n

What If I Lose My BNB?<\/h3>\n\n\n\n

In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8691,"post_author":"14","post_date":"2022-12-08 23:20:13","post_date_gmt":"2022-12-08 12:20:13","post_content":"\n

Binance Coin<\/a> (BNB) has weakened more than 25% after the FTX cryptocurrency exchange filed Chapter 11 for bankruptcy<\/a> and ended up with a huge liquidity gap of over $8 billion. The risk of further decline for BNB is still not over, especially after the latest news that the U.S. central bank might stick to a longer rate-hike cycle. Jason Pride, chief investment officer for private wealth at Glenmede in Philadelphia, said:<\/p>\n\n\n\n

\"Expectations are beginning to unravel a little bit as the market realizes that the Fed may have to maintain rates at a higher level for longer than it had hoped, and this is placing a more downward pressure on the markets.\"<\/em><\/p>\n\n\n\n

The next Federal Reserve meeting is scheduled for December 13, and it is still not sure if the Federal Reserve will take a less aggressive stance in its interest rate hikes. Expectations are that Fed policymakers will probably raise interest rates by 50 basis points, but the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation.<\/p>\n\n\n\n

The U.S. economy faces recession risk that could dent corporate earnings, and because of this, the outlook for risk appetite in the near term is not looking good. At the same time, the cryptocurrency market faces a deep trust crisis as the collapse of the FTX created unprecedented market turmoil that could last for several more months.<\/p>\n\n\n\n

Binance Coin (BNB) Technical Analysis<\/h2>\n\n\n\n

The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n

\"BNBUSD
BNBUSD<\/a> Support & Resistance Levels. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n

Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n

According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n

Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n

Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n

Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n

The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n

Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n

Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n

The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n

Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n

Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n

Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n

What If I Lose My BNB?<\/h3>\n\n\n\n

In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8691,"post_author":"14","post_date":"2022-12-08 23:20:13","post_date_gmt":"2022-12-08 12:20:13","post_content":"\n

Binance Coin<\/a> (BNB) has weakened more than 25% after the FTX cryptocurrency exchange filed Chapter 11 for bankruptcy<\/a> and ended up with a huge liquidity gap of over $8 billion. The risk of further decline for BNB is still not over, especially after the latest news that the U.S. central bank might stick to a longer rate-hike cycle. Jason Pride, chief investment officer for private wealth at Glenmede in Philadelphia, said:<\/p>\n\n\n\n

\"Expectations are beginning to unravel a little bit as the market realizes that the Fed may have to maintain rates at a higher level for longer than it had hoped, and this is placing a more downward pressure on the markets.\"<\/em><\/p>\n\n\n\n

The next Federal Reserve meeting is scheduled for December 13, and it is still not sure if the Federal Reserve will take a less aggressive stance in its interest rate hikes. Expectations are that Fed policymakers will probably raise interest rates by 50 basis points, but the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation.<\/p>\n\n\n\n

The U.S. economy faces recession risk that could dent corporate earnings, and because of this, the outlook for risk appetite in the near term is not looking good. At the same time, the cryptocurrency market faces a deep trust crisis as the collapse of the FTX created unprecedented market turmoil that could last for several more months.<\/p>\n\n\n\n

Binance Coin (BNB) Technical Analysis<\/h2>\n\n\n\n

The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n

\"BNBUSD
BNBUSD<\/a> Support & Resistance Levels. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n

Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n

According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n

BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n

Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n

Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n

Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n

The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n

Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n

Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n

The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n

Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n

Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n

Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n

What If I Lose My BNB?<\/h3>\n\n\n\n

In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8691,"post_author":"14","post_date":"2022-12-08 23:20:13","post_date_gmt":"2022-12-08 12:20:13","post_content":"\n

Binance Coin<\/a> (BNB) has weakened more than 25% after the FTX cryptocurrency exchange filed Chapter 11 for bankruptcy<\/a> and ended up with a huge liquidity gap of over $8 billion. The risk of further decline for BNB is still not over, especially after the latest news that the U.S. central bank might stick to a longer rate-hike cycle. Jason Pride, chief investment officer for private wealth at Glenmede in Philadelphia, said:<\/p>\n\n\n\n

\"Expectations are beginning to unravel a little bit as the market realizes that the Fed may have to maintain rates at a higher level for longer than it had hoped, and this is placing a more downward pressure on the markets.\"<\/em><\/p>\n\n\n\n

The next Federal Reserve meeting is scheduled for December 13, and it is still not sure if the Federal Reserve will take a less aggressive stance in its interest rate hikes. Expectations are that Fed policymakers will probably raise interest rates by 50 basis points, but the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation.<\/p>\n\n\n\n

The U.S. economy faces recession risk that could dent corporate earnings, and because of this, the outlook for risk appetite in the near term is not looking good. At the same time, the cryptocurrency market faces a deep trust crisis as the collapse of the FTX created unprecedented market turmoil that could last for several more months.<\/p>\n\n\n\n

Binance Coin (BNB) Technical Analysis<\/h2>\n\n\n\n

The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n

\"BNBUSD
BNBUSD<\/a> Support & Resistance Levels. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n

Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n

According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n

Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n

BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n

Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n

Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n

Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n

The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n

Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n

Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n

The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n

Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n

Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n

Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n

What If I Lose My BNB?<\/h3>\n\n\n\n

In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8691,"post_author":"14","post_date":"2022-12-08 23:20:13","post_date_gmt":"2022-12-08 12:20:13","post_content":"\n

Binance Coin<\/a> (BNB) has weakened more than 25% after the FTX cryptocurrency exchange filed Chapter 11 for bankruptcy<\/a> and ended up with a huge liquidity gap of over $8 billion. The risk of further decline for BNB is still not over, especially after the latest news that the U.S. central bank might stick to a longer rate-hike cycle. Jason Pride, chief investment officer for private wealth at Glenmede in Philadelphia, said:<\/p>\n\n\n\n

\"Expectations are beginning to unravel a little bit as the market realizes that the Fed may have to maintain rates at a higher level for longer than it had hoped, and this is placing a more downward pressure on the markets.\"<\/em><\/p>\n\n\n\n

The next Federal Reserve meeting is scheduled for December 13, and it is still not sure if the Federal Reserve will take a less aggressive stance in its interest rate hikes. Expectations are that Fed policymakers will probably raise interest rates by 50 basis points, but the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation.<\/p>\n\n\n\n

The U.S. economy faces recession risk that could dent corporate earnings, and because of this, the outlook for risk appetite in the near term is not looking good. At the same time, the cryptocurrency market faces a deep trust crisis as the collapse of the FTX created unprecedented market turmoil that could last for several more months.<\/p>\n\n\n\n

Binance Coin (BNB) Technical Analysis<\/h2>\n\n\n\n

The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n

\"BNBUSD
BNBUSD<\/a> Support & Resistance Levels. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n

Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n

According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n

BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n

Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n

BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n

Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n

Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n

Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n

The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n

Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n

Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n

The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n

Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n

Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n

Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n

What If I Lose My BNB?<\/h3>\n\n\n\n

In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8691,"post_author":"14","post_date":"2022-12-08 23:20:13","post_date_gmt":"2022-12-08 12:20:13","post_content":"\n

Binance Coin<\/a> (BNB) has weakened more than 25% after the FTX cryptocurrency exchange filed Chapter 11 for bankruptcy<\/a> and ended up with a huge liquidity gap of over $8 billion. The risk of further decline for BNB is still not over, especially after the latest news that the U.S. central bank might stick to a longer rate-hike cycle. Jason Pride, chief investment officer for private wealth at Glenmede in Philadelphia, said:<\/p>\n\n\n\n

\"Expectations are beginning to unravel a little bit as the market realizes that the Fed may have to maintain rates at a higher level for longer than it had hoped, and this is placing a more downward pressure on the markets.\"<\/em><\/p>\n\n\n\n

The next Federal Reserve meeting is scheduled for December 13, and it is still not sure if the Federal Reserve will take a less aggressive stance in its interest rate hikes. Expectations are that Fed policymakers will probably raise interest rates by 50 basis points, but the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation.<\/p>\n\n\n\n

The U.S. economy faces recession risk that could dent corporate earnings, and because of this, the outlook for risk appetite in the near term is not looking good. At the same time, the cryptocurrency market faces a deep trust crisis as the collapse of the FTX created unprecedented market turmoil that could last for several more months.<\/p>\n\n\n\n

Binance Coin (BNB) Technical Analysis<\/h2>\n\n\n\n

The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n

\"BNBUSD
BNBUSD<\/a> Support & Resistance Levels. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n

Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n

According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n

BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n

BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n

Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n

BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n

Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n

Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n

Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n

The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n

Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n

Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n

The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n

Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n

Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n

Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n

What If I Lose My BNB?<\/h3>\n\n\n\n

In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8691,"post_author":"14","post_date":"2022-12-08 23:20:13","post_date_gmt":"2022-12-08 12:20:13","post_content":"\n

Binance Coin<\/a> (BNB) has weakened more than 25% after the FTX cryptocurrency exchange filed Chapter 11 for bankruptcy<\/a> and ended up with a huge liquidity gap of over $8 billion. The risk of further decline for BNB is still not over, especially after the latest news that the U.S. central bank might stick to a longer rate-hike cycle. Jason Pride, chief investment officer for private wealth at Glenmede in Philadelphia, said:<\/p>\n\n\n\n

\"Expectations are beginning to unravel a little bit as the market realizes that the Fed may have to maintain rates at a higher level for longer than it had hoped, and this is placing a more downward pressure on the markets.\"<\/em><\/p>\n\n\n\n

The next Federal Reserve meeting is scheduled for December 13, and it is still not sure if the Federal Reserve will take a less aggressive stance in its interest rate hikes. Expectations are that Fed policymakers will probably raise interest rates by 50 basis points, but the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation.<\/p>\n\n\n\n

The U.S. economy faces recession risk that could dent corporate earnings, and because of this, the outlook for risk appetite in the near term is not looking good. At the same time, the cryptocurrency market faces a deep trust crisis as the collapse of the FTX created unprecedented market turmoil that could last for several more months.<\/p>\n\n\n\n

Binance Coin (BNB) Technical Analysis<\/h2>\n\n\n\n

The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n

\"BNBUSD
BNBUSD<\/a> Support & Resistance Levels. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n

Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n

According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n

Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n

BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n

BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n

Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n

BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n

Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n

Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n

Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n

The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n

Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n

Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n

The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n

Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n

Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n

Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n

What If I Lose My BNB?<\/h3>\n\n\n\n

In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8691,"post_author":"14","post_date":"2022-12-08 23:20:13","post_date_gmt":"2022-12-08 12:20:13","post_content":"\n

Binance Coin<\/a> (BNB) has weakened more than 25% after the FTX cryptocurrency exchange filed Chapter 11 for bankruptcy<\/a> and ended up with a huge liquidity gap of over $8 billion. The risk of further decline for BNB is still not over, especially after the latest news that the U.S. central bank might stick to a longer rate-hike cycle. Jason Pride, chief investment officer for private wealth at Glenmede in Philadelphia, said:<\/p>\n\n\n\n

\"Expectations are beginning to unravel a little bit as the market realizes that the Fed may have to maintain rates at a higher level for longer than it had hoped, and this is placing a more downward pressure on the markets.\"<\/em><\/p>\n\n\n\n

The next Federal Reserve meeting is scheduled for December 13, and it is still not sure if the Federal Reserve will take a less aggressive stance in its interest rate hikes. Expectations are that Fed policymakers will probably raise interest rates by 50 basis points, but the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation.<\/p>\n\n\n\n

The U.S. economy faces recession risk that could dent corporate earnings, and because of this, the outlook for risk appetite in the near term is not looking good. At the same time, the cryptocurrency market faces a deep trust crisis as the collapse of the FTX created unprecedented market turmoil that could last for several more months.<\/p>\n\n\n\n

Binance Coin (BNB) Technical Analysis<\/h2>\n\n\n\n

The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n

\"BNBUSD
BNBUSD<\/a> Support & Resistance Levels. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n

Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n

According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n

How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n

Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n

BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n

BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n

Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n

BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n

Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n

Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n

Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n

The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n

Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n

Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n

The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n

Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n

Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n

Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n

What If I Lose My BNB?<\/h3>\n\n\n\n

In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8691,"post_author":"14","post_date":"2022-12-08 23:20:13","post_date_gmt":"2022-12-08 12:20:13","post_content":"\n

Binance Coin<\/a> (BNB) has weakened more than 25% after the FTX cryptocurrency exchange filed Chapter 11 for bankruptcy<\/a> and ended up with a huge liquidity gap of over $8 billion. The risk of further decline for BNB is still not over, especially after the latest news that the U.S. central bank might stick to a longer rate-hike cycle. Jason Pride, chief investment officer for private wealth at Glenmede in Philadelphia, said:<\/p>\n\n\n\n

\"Expectations are beginning to unravel a little bit as the market realizes that the Fed may have to maintain rates at a higher level for longer than it had hoped, and this is placing a more downward pressure on the markets.\"<\/em><\/p>\n\n\n\n

The next Federal Reserve meeting is scheduled for December 13, and it is still not sure if the Federal Reserve will take a less aggressive stance in its interest rate hikes. Expectations are that Fed policymakers will probably raise interest rates by 50 basis points, but the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation.<\/p>\n\n\n\n

The U.S. economy faces recession risk that could dent corporate earnings, and because of this, the outlook for risk appetite in the near term is not looking good. At the same time, the cryptocurrency market faces a deep trust crisis as the collapse of the FTX created unprecedented market turmoil that could last for several more months.<\/p>\n\n\n\n

Binance Coin (BNB) Technical Analysis<\/h2>\n\n\n\n

The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n

\"BNBUSD
BNBUSD<\/a> Support & Resistance Levels. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n

Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n

According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. Originally launched as an ERC-20 token in 2017, BNB has since been moved to its own mainnet. <\/p>\n\n\n\n

The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n

How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n

Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n

BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n

BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n

Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n

BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n

Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n

Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n

Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n

The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n

Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n

Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n

The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n

Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n

Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n

Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n

What If I Lose My BNB?<\/h3>\n\n\n\n

In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8691,"post_author":"14","post_date":"2022-12-08 23:20:13","post_date_gmt":"2022-12-08 12:20:13","post_content":"\n

Binance Coin<\/a> (BNB) has weakened more than 25% after the FTX cryptocurrency exchange filed Chapter 11 for bankruptcy<\/a> and ended up with a huge liquidity gap of over $8 billion. The risk of further decline for BNB is still not over, especially after the latest news that the U.S. central bank might stick to a longer rate-hike cycle. Jason Pride, chief investment officer for private wealth at Glenmede in Philadelphia, said:<\/p>\n\n\n\n

\"Expectations are beginning to unravel a little bit as the market realizes that the Fed may have to maintain rates at a higher level for longer than it had hoped, and this is placing a more downward pressure on the markets.\"<\/em><\/p>\n\n\n\n

The next Federal Reserve meeting is scheduled for December 13, and it is still not sure if the Federal Reserve will take a less aggressive stance in its interest rate hikes. Expectations are that Fed policymakers will probably raise interest rates by 50 basis points, but the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation.<\/p>\n\n\n\n

The U.S. economy faces recession risk that could dent corporate earnings, and because of this, the outlook for risk appetite in the near term is not looking good. At the same time, the cryptocurrency market faces a deep trust crisis as the collapse of the FTX created unprecedented market turmoil that could last for several more months.<\/p>\n\n\n\n

Binance Coin (BNB) Technical Analysis<\/h2>\n\n\n\n

The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n

\"BNBUSD
BNBUSD<\/a> Support & Resistance Levels. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n

Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n

According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

What Is Binance Coin (BNB)?<\/h2>\n\n\n\n

Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. Originally launched as an ERC-20 token in 2017, BNB has since been moved to its own mainnet. <\/p>\n\n\n\n

The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n

How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n

Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n

BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n

BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n

Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n

BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n

Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n

Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n

Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n

The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n

Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n

Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n

The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n

Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n

Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n

Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n

What If I Lose My BNB?<\/h3>\n\n\n\n

In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8691,"post_author":"14","post_date":"2022-12-08 23:20:13","post_date_gmt":"2022-12-08 12:20:13","post_content":"\n

Binance Coin<\/a> (BNB) has weakened more than 25% after the FTX cryptocurrency exchange filed Chapter 11 for bankruptcy<\/a> and ended up with a huge liquidity gap of over $8 billion. The risk of further decline for BNB is still not over, especially after the latest news that the U.S. central bank might stick to a longer rate-hike cycle. Jason Pride, chief investment officer for private wealth at Glenmede in Philadelphia, said:<\/p>\n\n\n\n

\"Expectations are beginning to unravel a little bit as the market realizes that the Fed may have to maintain rates at a higher level for longer than it had hoped, and this is placing a more downward pressure on the markets.\"<\/em><\/p>\n\n\n\n

The next Federal Reserve meeting is scheduled for December 13, and it is still not sure if the Federal Reserve will take a less aggressive stance in its interest rate hikes. Expectations are that Fed policymakers will probably raise interest rates by 50 basis points, but the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation.<\/p>\n\n\n\n

The U.S. economy faces recession risk that could dent corporate earnings, and because of this, the outlook for risk appetite in the near term is not looking good. At the same time, the cryptocurrency market faces a deep trust crisis as the collapse of the FTX created unprecedented market turmoil that could last for several more months.<\/p>\n\n\n\n

Binance Coin (BNB) Technical Analysis<\/h2>\n\n\n\n

The price of Binance Coin (BNB) has weakened from $397.58 to $240.77 since November 08, and the current price stands at $283.27. The price has also moved below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n

\"BNBUSD
BNBUSD<\/a> Support & Resistance Levels. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below. The upside potential remains limited for now; still, if the price of Binance Coin (BNB) jumps above $300, the next target could be $330.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n

Concluding Facts On Binance Coin (BNB)<\/h2>\n\n\n\n

According to analysts, the U.S. central bank might stick to a longer rate-hike cycle which could push the U.S. economy into recession. Binance Coin (BNB) might have a hard time holding above the current support level, which stands at $250, and a break below this level would indicate that we could see BNB at $240 or even below.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Coin (BNB) Definition<\/a><\/p>\n","post_title":"Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb-technical-analysis-as-recession-worries-continue-to-rise","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:45","post_modified_gmt":"2023-04-10 08:11:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8691","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8715,"post_author":"1","post_date":"2022-12-08 23:34:21","post_date_gmt":"2022-12-08 12:34:21","post_content":"\n

Table Of Contents<\/h2>

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8715,"post_author":"1","post_date":"2022-12-08 23:34:21","post_date_gmt":"2022-12-08 12:34:21","post_content":"\n

Table Of Contents<\/h2>

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n

If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8715,"post_author":"1","post_date":"2022-12-08 23:34:21","post_date_gmt":"2022-12-08 12:34:21","post_content":"\n

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The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n

Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n

If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8715,"post_author":"1","post_date":"2022-12-08 23:34:21","post_date_gmt":"2022-12-08 12:34:21","post_content":"\n

Table Of Contents<\/h2>

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Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n

The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n

Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n

If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8715,"post_author":"1","post_date":"2022-12-08 23:34:21","post_date_gmt":"2022-12-08 12:34:21","post_content":"\n

Table Of Contents<\/h2>

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\"BNB<\/a>
BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n

Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n

The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n

Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n

If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8715,"post_author":"1","post_date":"2022-12-08 23:34:21","post_date_gmt":"2022-12-08 12:34:21","post_content":"\n

Table Of Contents<\/h2>

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  • The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
    \"BNB<\/a>
    BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n

    Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n

    The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n

    Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n

    If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8715,"post_author":"1","post_date":"2022-12-08 23:34:21","post_date_gmt":"2022-12-08 12:34:21","post_content":"\n

    Table Of Contents<\/h2>

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    Subscribe To Our Newsletter

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    \n