Binance Coin [BNB] may disappoint traders in Q4 based on these reasons
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Binance Coin’s [BNB] performance in the month of September was anything but noteworthy. However, despite its standing on crypto charts, the exchange token still managed to perform well on other fronts as per a new report.
According to BNBburn, the number of tokens burned in the third quarter (Q3) surpassed the entire record of the second quarter. At press time, BNB tokens burned in Q3 was 2,040,503.56 BNB, as compared to 1,976,739.87 BNB in Q2.
Interestingly, all of these events occurred despite a lower average trading price registered in Q3. As expected, this led to a significant difference in the worth of the BNB burned. The Q2 value amounted to $626,356,129.623 while Q3’s worth stood at $562,592,435.15.
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