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Binance Coin (BNB) is following the crypto market upswing. The asset is up 1.9% in the daily charts, 5.9% in the weekly charts, and more than 7% over the previous month. However, BNB is down by 0.4% since January 2023. Source: CoinGecko Moreover, Binance Coin’s ( BNB ) latest rally may continue over this month. According to Changelly, BNB could surge to $374.40 on Valentine’s Day, Feb. 14, 2024. Reaching $374.40 from current levels would translate to a growth of over 16%. However, it doesn’t end there. Changelly anticipates Binance’s BNB to breach the $400 level by the last week of February. The platform predicts BNB to hit $414.77 on Feb. 24, 2024, a rise of almost 29% from current price levels. Also Read: Binance Optimistic as Saudi Arabia Eyes Crypto Regulation in 2024 CoinCodex also anticipates Binance Coin ( BNB ) to continue its rally throughout February. The platform predicts BNB to hit $351.15 on Feb. 14, 2024, a rise of around 9.3%...

Binance, a well-known cryptocurrency exchange, maintains its relevance in the market thanks to its prompt updates and international alliances. The exchange’s quarterly burns are a further factor in attracting media attention. After completing its 21st quarterly burn, the exchange significantly decreased the number of BNB tokens in circulation. Several coins in the crypto market, including Shiba Inu and LUNC, follow the burn ing mechanism. The Binance chain also carries out the BNB burn process by sending the tokens to a dead wallet. The dead wallet is a wallet that no one has access to. The burn process is meant to create scarcity and help in driving the price up. When is the 22nd BNB burn? As per the details from the Binance announcement, the 21st quarterly burn successfully burned 2.06 million BNB. The estimated worth of the burned BNB is $548 million. This is comparatively higher than the numbers from the 20th quarterly burn of 1,955,413.52 BNB. The 22nd q...