Binance CEO Changpeng Zhao (CZ) plans to hire another 2,000 people. Also this summer, 14 million tokens were locked and burned on the exchange’s BNB Coin. A break above $336 in the coin could be the catalyst to trigger an additional 40-50 percent rally in the short term. It is also stated that Binance Coin’s techniques and on-chain data are compatible. Here are the details…
Binance Coin looks promising
Binance Coin price has rallied 56 percent since July 1. For this reason, it stood out among its peers by showing superior performance. While the crypto community seems focused on Ethereum Merge, the exchange’s coin could shock bulls sleeping behind the wheel, according to analyst Tony M. It can cause a bull rally with gaping targets. Binance Coin price is currently at auction at $308. Recently, Changpeng Zhao (often referred to as CZ) announced on the Binance Exchange website its goal of hiring 2,000 more employees by the end of the year. Two thousand new employees will increase the workforce to approximately 8,000 people.
Binance Coin price shows an important ten-chain analysis that every user hopes for. Fourteen million tokens have already been locked and burned this summer. Like this, cryptocoin.com As we have also reported, the circulating supply of Binance Coin has dropped to 21 million coins. The last time 21 million tokens were in circulation, BNB was trading at $16 in July 2020. A year later, the BNB price rose more than 4,000 percent to $643 on November 8, 2021. Analyst Tony M. concludes his thoughts on BNB as follows:
When techniques are aligned with on-chain analysis, and on-chain analysis combined with minimal market discussion over admirable company ethics and intentions, the price jumps. Binance Coin price could be a ticking time bomb with conservative targets in the $700 zone and Crypto-FOMO targets in the $1,400 reward zone. Such an increase would result in a 428 percent increase from the current Binance Coin price. A break of the $336 level could be the catalyst to encourage the mentioned environment.
There are also BNB Chain developments
The exchange continues to stand out with BNB Chain developments. BNB Chain, a blockchain network created by crypto exchange Binance, and Latin America-focused education platform Platzi have announced that they will launch a Web3 development course for the region. By the end of the year, it is aimed to open the course to 30,000 students. This development is an effort for wider adoption of Blockchain technology and Web3 education in the region. Overall, the biggest barriers to entry are accessibility and training, as well as vague regulation from local governments.
