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Following a dip below $600 from its recent peak of $720.67, Binance Coin (BNB) faced challenges amid regulatory issues worldwide. However, experts believe BNB will make a comeback and close the month on a positive note, aiming for $634.82, provided market conditions remain favorable.
BNB is currently trading at $596.58, experiencing a 17% drop. While there is optimism for a potential rise, investors should monitor market conditions and updates from Binance before expecting significant price movements.
New Rewards Program for BNB Holders by Binance
Binance has launched an exclusive rewards scheme called HODLer Airdrops as part of its Simple Earn Yield program. This program targets users holding tokens from projects with substantial token supplies, particularly those looking to list on Binance.
To be eligible for HODLer Airdrops, users must meet specific criteria, including a minimum BNB holding, completion of KYC verification, residing in eligible jurisdictions, and rewards distributed within 24 hours of announcements. Sub-accounts can also participate in the program.
Through Simple Earn, users can earn interest on their BNB holdings and receive additional rewards from Megadrop and Launchpool airdrops, providing an attractive opportunity to maximize returns. Binance’s initiative encourages BNB retention and community engagement, showcasing the platform’s dedication to its users.