Topic: Binance as the third largest coin - page 5. (Read 1065 times)
I think that now the most important thing that is being sought is to avoid the high fees imposed by the ETH network, BNB has made many integrations and in fact has intelligently entered the world of gambling by capturing some famous platforms so that people can play With BNB, it is also preferable to pay a BNB fee than an ETH fee in these moments, and even so the market falls BNB will have a place to hold on since it has entered the market with the highest trading volume.
Your title is not correct. It is Binance coin with a ticker is BNB.
The OP said coin and that means he referred to BNB. However, I do not see how being number 3 on the list guarantees BNB will continue to be there forever. The spot changes like water tide. Most of those coins that made top list n 2017 or before that are not on that same spot now. At a time, Dogecoin was a top coin too but where is it today? Where is Bytebal? Where is Bitconnectoin? BNB may also lose that spot tomorrow.
There's no certainty as we are inside crypto industry, the volatile market keeps changing the position
of each project around CMC, there are times that certain project got a much higher demands, way back
XRP able to surpassed ETH and stay for some period of time, hope for the best if you invested with BNB
and let CZ and all his supporters dictate the future of this coin.
To my great regret, I also sold this coin in a fairly large volume, because I could not even imagine that this coin would be included in the top 3 coins, I also trade this coin, but not with such a profit ... Very promising coin, I think it will grow to the price of ethereum.
There is still a chance to be able to get profit in today's trading. I think Binance is still going up. but right now we have to be patient to be able to wait for it. With the development of the BSC I'm pretty sure Binance will be able to hit the price of 500 $ in the near future. this happened very quickly. buy now there is nothing wrongAfter the price of BNB has increased in a short period to $ 350, the price of $ 500 looks very real. But with the further growth of the entire cryptocurrency market, BNB can reach an even higher price, thanks to the increasing use of the coin in the Binance Smart Chain network.
To my great regret, I also sold this coin in a fairly large volume, because I could not even imagine that this coin would be included in the top 3 coins, I also trade this coin, but not with such a profit ... Very promising coin, I think it will grow to the price of ethereum.
Same feeling. Got sold some of my bags way too early. Its just show that anything is unpredictable through time. As I see the hype after it grows, everyone are shifting from traditional uniswap degen to Binance smart chain projects. As usual, rugged projects are associated with the network and I think CZ can't stop that since decentralized function is what those dex on bsc still utilise. 
Thanks to Ethereum not working harder to put fees to a lower price and now Binance found a hole to enter the people's heart.
He said it, its not to overtake Bitcoin but more like support it more with the use of their own service.
But I think he is also playing safe here so that he won't be making a lot of fuss to pure Bitcoin supporters.
I think the goal for now is just to be number 2.
But who knows, he could grow that goal in the shadows.
I do not like the situation ETH is as well and I hate the gas fee's as much as the next guy but we can't really blame "eth not working harder" because eth is not something that works, it is a system, it is a blockchain thing, and yes there are developers working to make eip 1559 a thing and by July we are going to see ETH fee's as low as it has ever been, we are going to definitely make it cheaper and faster by this summer, but that is developers and they may do that in July, or earlier or later and we can't say anything since they are not owners of eth like how BNB is owned by binance directly. He said it, its not to overtake Bitcoin but more like support it more with the use of their own service.
But I think he is also playing safe here so that he won't be making a lot of fuss to pure Bitcoin supporters.
I think the goal for now is just to be number 2.
But who knows, he could grow that goal in the shadows.
Binance has that advantage, they are owned by a company and that company changes whatever they want to make it better, ETH doesn't have that advantage which causes late replies to problems and unfortunately solutions come later than they normally can.
Binance Coin back to the third position again today.
binance promoted by some stocks fundamentalist and influencers in my country.
binance becomes people's alternative due to the price of bitcoin is really high.
I am binance user, I don't really interested in using BNB for trading fees or the launchpad program.
but since they introduced Binance Smartchain, it got my attention.
I saw exchanges like Coinex also integrates USDT BSC on their exchange.
the fees for USDT BSC withdrawal from Coinex is only $0.1.
they increase the USDT TRC20 fees to $1 from $0.1.
when I posted this post, the fees for USDT TRC20 fees decreased to $0.3. Still higher than USDT BSC.
good move Binance.
binance promoted by some stocks fundamentalist and influencers in my country.
binance becomes people's alternative due to the price of bitcoin is really high.
I am binance user, I don't really interested in using BNB for trading fees or the launchpad program.
but since they introduced Binance Smartchain, it got my attention.
I saw exchanges like Coinex also integrates USDT BSC on their exchange.
the fees for USDT BSC withdrawal from Coinex is only $0.1.
they increase the USDT TRC20 fees to $1 from $0.1.
when I posted this post, the fees for USDT TRC20 fees decreased to $0.3. Still higher than USDT BSC.
good move Binance.
No wonder. If the company is performing according to it's roadmap and (beyond) it's roadmap then such coins will always flourish in the process. Binance has always heard their customers and did the developments accordingly. With their launch of crypto card they shown generosity towards customers requirement. If you see binance coin, then their rewarding way was unique idea which made traders to think about it. Like 50% discount on the fees, and a trader knows how much difference it can make over long period of time. So yeah slowly they grew their coins, kept their promises. Unlike other project which do not even follow their roadmap and go down the road. That's where BNB came up.
Thanks to Ethereum not working harder to put fees to a lower price and now Binance found a hole to enter the people's heart.
He said it, its not to overtake Bitcoin but more like support it more with the use of their own service.
But I think he is also playing safe here so that he won't be making a lot of fuss to pure Bitcoin supporters.
I think the goal for now is just to be number 2.
But who knows, he could grow that goal in the shadows.
He said it, its not to overtake Bitcoin but more like support it more with the use of their own service.
But I think he is also playing safe here so that he won't be making a lot of fuss to pure Bitcoin supporters.
I think the goal for now is just to be number 2.
But who knows, he could grow that goal in the shadows.
The pretty obvious reason in my opinion: Ethereum's fees have been quite high for a while, and Binance Smart Chain(BSC)'s fees are drastically lower. And yes, BSC is like magnitudes more centralized than Ethereum, but it comes to show how a lot of people don't care that much if a certain project is decentralization or not as long as they can make their bets on certain tokens.
The explanation is really that simple, a great deal of people do not care about decentralization and over the years I have seen people arguing that it is in fact a disadvantage, it is as if they do not seem to realize that if bitcoin was centralized then it would have been eliminated by governments long ago, and since people have that kind of thinking then there is no surprise that a coin that is heavily centralized like binance is now third in terms of market cap and soon enough it could become the second behind bitcoin only.
Binance was definitely one of the most highly anticipated exchanges and its token was one cheapest token which was getting ready to boost and this bull run took it all to a new level already, but that's not just because of this token alone but they (Binance team and their developers) have brought in a revolution by bringing in Binance Smart Chain which is comparably faster and way more cheaper than Ethereum. I believe BNB has more chances to even cross ETH ahead.
It was mostly about how bnb was just a coin for binance and the only thing people used it for was dropping the cost of trading fee, that was it. For at least a year and even longer people only bought BNB because there was two things that made it valuable, A) It dropped the trading fee 50% if you used that to pay and B) It was burned by binance so it became less available.So, when you combined that two together the price should have gone up of course but it wasn't really that crazy, just one thing and that is it. Now that we have BSC and pancakeswap even passed uniswap, it is obvious that we are in a world where BNB can be used for a lot more.
The pretty obvious reason in my opinion: Ethereum's fees have been quite high for a while, and Binance Smart Chain(BSC)'s fees are drastically lower. And yes, BSC is like magnitudes more centralized than Ethereum, but it comes to show how a lot of people don't care that much if a certain project is decentralization or not as long as they can make their bets on certain tokens.
The explanation is really that simple, a great deal of people do not care about decentralization and over the years I have seen people arguing that it is in fact a disadvantage, it is as if they do not seem to realize that if bitcoin was centralized then it would have been eliminated by governments long ago, and since people have that kind of thinking then there is no surprise that a coin that is heavily centralized like binance is now third in terms of market cap and soon enough it could become the second behind bitcoin only. 
Binance was definitely one of the most highly anticipated exchanges and its token was one cheapest token which was getting ready to boost and this bull run took it all to a new level already, but that's not just because of this token alone but they (Binance team and their developers) have brought in a revolution by bringing in Binance Smart Chain which is comparably faster and way more cheaper than Ethereum. I believe BNB has more chances to even cross ETH ahead.
The pretty obvious reason in my opinion: Ethereum's fees have been quite high for a while, and Binance Smart Chain(BSC)'s fees are drastically lower. And yes, BSC is like magnitudes more centralized than Ethereum, but it comes to show how a lot of people don't care that much if a certain project is decentralization or not as long as they can make their bets on certain tokens.
I really don't think centralization is an issue with BSC compared to Ethereum. Ethereum literally rolled back hacks and gave people their money back. There is literally nothing worse you could do from that standpoint, so no matter what the powers that be at BSC do they still won't be as bad as the Ethereum leadership.Don't get me wrong, Ethereum in itself is pretty centralized because of the past reasons including the DAO rollback; but BSC is definitely far more centralized than Ethereum. While Ethereum is pretty much Vitalik and Consensys with a few other outside developers and contributors here and there, well, BSC is pretty much just solely Binance.
The pretty obvious reason in my opinion: Ethereum's fees have been quite high for a while, and Binance Smart Chain(BSC)'s fees are drastically lower. And yes, BSC is like magnitudes more centralized than Ethereum, but it comes to show how a lot of people don't care that much if a certain project is decentralization or not as long as they can make their bets on certain tokens.
I really don't think centralization is an issue with BSC compared to Ethereum. Ethereum literally rolled back hacks and gave people their money back. There is literally nothing worse you could do from that standpoint, so no matter what the powers that be at BSC do they still won't be as bad as the Ethereum leadership. 
We should not be surprised to see the increase in BNB which is so fast and become the third largest coin, because Changpeng Zhao was able to
make Binance exchange the best. Surely he can do it at BNB too, but to be able to overtake with Ethereum is still possible, even though it takes
a long time. Meanwhile, to overtake with Bitcoin, I'm sure there will be no coins that can overtake with it. It is very fortunate for BNB holders today
to enjoy large profits.
We are all know about the Binance potential so peoples are waiting for the next jump on Crypto market. Everyone know the past journey of BNB so it will have more supportive coin in recent days. But I expect when it will reach 2nd place of coinmarketcap, If we analyse the marketcap $41.2 Billion in current traffic and ETH is $199.7 Billion. I think to much high so we will maintain a same range on further days and number of whales are enter in the market. make Binance exchange the best. Surely he can do it at BNB too, but to be able to overtake with Ethereum is still possible, even though it takes
a long time. Meanwhile, to overtake with Bitcoin, I'm sure there will be no coins that can overtake with it. It is very fortunate for BNB holders today
to enjoy large profits.
We should not be surprised to see the increase in BNB which is so fast and become the third largest coin, because Changpeng Zhao was able to
make Binance exchange the best. Surely he can do it at BNB too, but to be able to overtake with Ethereum is still possible, even though it takes
a long time. Meanwhile, to overtake with Bitcoin, I'm sure there will be no coins that can overtake with it. It is very fortunate for BNB holders today
to enjoy large profits.
make Binance exchange the best. Surely he can do it at BNB too, but to be able to overtake with Ethereum is still possible, even though it takes
a long time. Meanwhile, to overtake with Bitcoin, I'm sure there will be no coins that can overtake with it. It is very fortunate for BNB holders today
to enjoy large profits.
The pretty obvious reason in my opinion: Ethereum's fees have been quite high for a while, and Binance Smart Chain(BSC)'s fees are drastically lower. And yes, BSC is like magnitudes more centralized than Ethereum, but it comes to show how a lot of people don't care that much if a certain project is decentralization or not as long as they can make their bets on certain tokens.
It's true. If decentralized platform can't solve that main problem (gas fees) on cryptoverse, people don't care anymore if it centralized or not as long as it gives more benefit using them. Bsc gives solution while ethereum still on the old track (high fees). That's why the price keep mooning. But I don't know, with this hype I still think the current price of bnb is overpriced. ImhoMaybe it became as expensive with other known coins, due to demand increase and that's normal when it became trending. Many users in binance trading became interested with their platforms and their reputation is trusted in every community that it belongs. But beforehand, I also foresee how each and every one of us deep struggles with gas fees; unlike older days we can even send our tokens of at least $3-$5 as fee for transaction.
It is obvious that CZ was always working towards making BNB his biggest creation and not Binance, because Binance is an exchange and exchange is a business and business could always fail, it is hard to make a business going for decades without any problems for one person, he could have been even fired, someone could have offered him billions of dollars for Binance and he would have sold.
But BNB is money, it is literally money like dollar, bitcoin, and BNB is like them, so if he made his BNB worth a lot more, dude could have been billionaire just thanks to that. This is why I still think there is a huge room for improvement for BNB, it will always go up and up and up a lot more and make it to a great level, it is going to reach levels Ethereum never reached because let's face it ethereum is a failed coin that failed waaaaay before BNB started to go up, asking 100 dollars for network fee?? 20 bucks just to send something?? I am sorry but that is not acceptable.
But BNB is money, it is literally money like dollar, bitcoin, and BNB is like them, so if he made his BNB worth a lot more, dude could have been billionaire just thanks to that. This is why I still think there is a huge room for improvement for BNB, it will always go up and up and up a lot more and make it to a great level, it is going to reach levels Ethereum never reached because let's face it ethereum is a failed coin that failed waaaaay before BNB started to go up, asking 100 dollars for network fee?? 20 bucks just to send something?? I am sorry but that is not acceptable.
It's true. If decentralized platform can't solve that main problem (gas fees) on cryptoverse, people don't care anymore if it centralized or not as long as it gives more benefit using them. Bsc gives solution while ethereum still on the old track (high fees). That's why the price keep mooning. But I don't know, with this hype I still think the current price of bnb is overpriced. Imho
Now it must be admitted that among bounty hunters this has become a big obstacle because the gas fees in Ethereum are so high that many are unable or even lose money when they receive the coin on their wallet because they cannot make deliveries. I agree that people don't really care anymore. If gas fees are still high, they will look for other alternatives to avoid these high gas fees.ethereum must start to improve because many have started to look to try to replace it to reduce gas fees that are too high and of course this is bad news for ethereum.
but whether BNB is increasing now because it is one of the alternatives to find gas fees that are more acceptable to people because of the situation that may not be supportive
Currently BNB is in a fairly convincing ranking and the price has increased quite a bit, but it seems likely that what people are saying is that it's an altcoin year, as a lot of old and new altcoins have been surprising in recent times.
we will wait for other altcoins that can develop again.
The pretty obvious reason in my opinion: Ethereum's fees have been quite high for a while, and Binance Smart Chain(BSC)'s fees are drastically lower. And yes, BSC is like magnitudes more centralized than Ethereum, but it comes to show how a lot of people don't care that much if a certain project is decentralization or not as long as they can make their bets on certain tokens.
It's true. If decentralized platform can't solve that main problem (gas fees) on cryptoverse, people don't care anymore if it centralized or not as long as it gives more benefit using them. Bsc gives solution while ethereum still on the old track (high fees). That's why the price keep mooning. But I don't know, with this hype I still think the current price of bnb is overpriced. Imho Jump to: