I am not sure that reason is launchpad. Binance has held launchpads few years already
And i am not sure 15x 20x are back. Recent ieo-s were 3-4x max
I think main BNb weakness is exchange based coin. Coinbase never lists BNB. And exchange coin could never be same value like ETH
BNB should break outside binance if it wants to complete with ETH
BNB has the potential, this will continue to be develop and why would we compare it to ETH anyway?
It's too early, ETH has already reached a new ATH and probably soon it will be trading at $2k while we doubt BNB will reach $100.
If you look at them, they are both successful, but they have different platform, and with that said, they can not compete for now.
Maybe in the future, but Binance exchange and BNB will always go together because it was its exchange that brought BNB to this good price.