As many of you guys are aware Binance banned US residents from signing up to their exchange this past summer (around June 14th). Ever since then BNB has been on a downward trend and recently it has hit it's lowest Satoshi value since last February. Fortunately, they are opening registration for their new US exchange Binance.us THIS WEDNESDAY. For now there won't be trading, but since this is just big news in general I would expect BNB to finally start going back up and, eventually, if BNB is approved to be traded on binance.us, then the value of BNB will skyrocket. Also, I believe long term BNB is a good investment as they are still doing their quarterly Burns and still have 87 million coins to burn.
Interestingly in July, after their 8th burn they said their team will burn the 80 million coins allocated to them, but did not specify if all at once or if they will use 20% of profits to burn off their teams coins first before moving to the 7 million extra still circulating.
Honest, at this price level I would expect at least a small price jump for BNB if nothing major happens, but if something major DOES happen (BNB is allowed on Binance.us, BNB decides to burn $80 million in the next coin burn, etc ) then we are about to get some major profits.
Interestingly in July, after their 8th burn they said their team will burn the 80 million coins allocated to them, but did not specify if all at once or if they will use 20% of profits to burn off their teams coins first before moving to the 7 million extra still circulating.
Honest, at this price level I would expect at least a small price jump for BNB if nothing major happens, but if something major DOES happen (BNB is allowed on Binance.us, BNB decides to burn $80 million in the next coin burn, etc ) then we are about to get some major profits.
