Factors Influencing the Price of BNB
Activities of the Binance platform: Any regulatory changes, expansions, or updates that have a direct impact.
Burning mechanism: Binance periodically burns a portion of BNB coins to reduce supply and increase scarcity (which theoretically supports the price).
Government regulations: Especially following lawsuits filed by bodies such as the U.S. SEC against Binance.
Expansion of BNB Smart Chain usage in DeFi and NFTs.
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