Binance Chain Could Send Ethereum Price Back to Double-Digits: Analyst

pieppiep

hero member

Activity: 1596

Merit: 502

Quote from: AUruHM on May 07, 2019, 12:32:33 PM

Quote from: pageraji on May 07, 2019, 01:19:22 AM

Some of the considerations why some exchanges hold IEOs are listings, ICOs that have lost their markets are now replaced by IEOs such as binance chains, safer than scams and certainty of listings.

Yes, IEO is more secure than ICO. But it does not give a guarantee that the project will be successful. It's very good for flippers. And for projects bcz exchange listing and fundraising.

As I know BNB never wants to be Eth competitor. BNB doesn't have the main ETH feature - smart contracts. What does it mean? - ETH will lead in this competition

you better not compare the two, maybe it would be better if you try to support both of them to become the best coin and platform of all time and start from this year, because if you compare these two coins then there will be no end.

sana54210

legendary

Activity: 3318

Merit: 1128

Quote from: republicrypto on May 06, 2019, 01:46:56 AM

Quote from: Darkoth89 on May 05, 2019, 12:04:07 PM

Quote from: pey on May 05, 2019, 11:17:54 AM

Binance Chain has no chance period. Do they even know what they are talking about? Some shit coins will launch on Binance Chain and we'll dump ETH, seriously? and price has nothing to do with real value.

Yes, Ethereum is already used by so many projects. No way that now everyone suddently decides to swap to the Binance chain. Especially because I don't really see the benefits for such a swap.

well, maybe the main benefits from the swap is being listed on binance exchange, just maybe
i think there is no reasonable reason to swap from ethereum to binance chain,,
because in my opinion the best swap for any token is from ethereum to its own chain
regards

Binance has the tendency to overtake ethereum capacity wise, but there are so many limitations like the one you mentioned that might keep Binance from achievingthis, but in the long run, the battle might really be high, especially with the introduction of their own chain and the IEO Launchpad.

Binance trade volume keeps increasing drastically every minutes and causing the value of BNB to follow the uptrend too, give Binance 2 years more if they don’t bring them down, because I can see that majority of some competitors are already creating FUD news about them, but if they succeed this, then in 2 years’ time, their volume might be higher than that of ethereum.

AUruHM

sr. member

Activity: 896

Merit: 251

Quote from: pageraji on May 07, 2019, 01:19:22 AM

Some of the considerations why some exchanges hold IEOs are listings, ICOs that have lost their markets are now replaced by IEOs such as binance chains, safer than scams and certainty of listings.

Yes, IEO is more secure than ICO. But it does not give a guarantee that the project will be successful. It's very good for flippers. And for projects bcz exchange listing and fundraising.

As I know BNB never wants to be Eth competitor. BNB doesn't have the main ETH feature - smart contracts. What does it mean? - ETH will lead in this competition

pageraji

full member

Activity: 966

Merit: 100

Some of the considerations why some exchanges hold IEOs are listings, ICOs that have lost their markets are now replaced by IEOs such as binance chains, safer than scams and certainty of listings.

jossiel

hero member

Activity: 3150

Merit: 636

DGbet.fun - Crypto Sportsbook

Quote from: pey on May 05, 2019, 11:17:54 AM

Binance Chain has no chance period. Do they even know what they are talking about? Some shit coins will launch on Binance Chain and we'll dump ETH, seriously? and price has nothing to do with real value.

Yeah people tend to think that value == price but in reality, price won't determine the actual value of that token. Ethereum doesn't have to be threatened with their move, eth is already established while Binance Chain is just starting.

Don't compare these two as it's very unreliable, people might think that Binance Chain is okay since it's already making its own market and becoming the leader but it doesn't mean that it can turn down ethereum.

prtty2gal2

hero member

Activity: 1092

Merit: 523

Quote from: carlzec on May 04, 2019, 12:26:38 PM

Quote from: carlzec on April 27, 2019, 09:46:40 AM

BNB has come to the present day with the strength it has received from the Binance Exchange, which is called the flagship of the crypto money market, but it may also suffer a lot if it is not taken carefully. It's a good idea to be careful.

In the past, terms such as the EOS, NEO and the ETH killer were used for TRON, but none of them were able to beat the ETH. The ETH continues its journey with many years of experience and is a source for many Altcoins, which is unlikely to change in the short term.

Ethereum is a good project, no doubt about that and it will really very strong competitor to really compete with Ethereum, but it doesn’t mean they can remain giant forever, those other projects could not displace them of their position because they were not equally up to the task and the community backing them are not strong enough to push them upwards.

Binance in the other hand has really shown its ability to be able to push ethereum aside with the numerous quality products that is making their community grown wider and stronger, the strategies, the rewarding system and the speed of their chain, may make a lot of chain users divert fully to BNB from ETH.

republicrypto

sr. member

Activity: 1414

Merit: 252

Keep it Simple guys :)

Quote from: Darkoth89 on May 05, 2019, 12:04:07 PM

Quote from: pey on May 05, 2019, 11:17:54 AM

Binance Chain has no chance period. Do they even know what they are talking about? Some shit coins will launch on Binance Chain and we'll dump ETH, seriously? and price has nothing to do with real value.

Yes, Ethereum is already used by so many projects. No way that now everyone suddently decides to swap to the Binance chain. Especially because I don't really see the benefits for such a swap.

well, maybe the main benefits from the swap is being listed on binance exchange, just maybe
i think there is no reasonable reason to swap from ethereum to binance chain,,
because in my opinion the best swap for any token is from ethereum to its own chain
regards

slaman29

legendary

Activity: 2674

Merit: 1226

Livecasino, 20% cashback, no fuss payouts.

Quote from: rocketcoin88 on April 27, 2019, 09:04:05 AM

In the history of cryptocurrency, we have a lot of first exchanges.
mt.gox
tradehill
bitcoin market
bitfloo
coinex

very long list
They finally disappeared. Only the bitcoin Survive.
so i think binance chain is shit,Great risk

I wouldn't really say that bitfloo or coinex is as big as Mt Gox, but I kinda agree with your point. For me the big ones are like Poloniex or even Kraken, and Coinbase now, but if you see how Binance and Bittrex are the ones people are using these days, then you know the days of the big boys are never long in the sun.

Binance will probably still be big for a year or two more, but there will be others even better who will take over the throne.

Darkoth89

hero member

Activity: 1274

Merit: 646

Quote from: pey on May 05, 2019, 11:17:54 AM

Binance Chain has no chance period. Do they even know what they are talking about? Some shit coins will launch on Binance Chain and we'll dump ETH, seriously? and price has nothing to do with real value.

Yes, Ethereum is already used by so many projects. No way that now everyone suddently decides to swap to the Binance chain. Especially because I don't really see the benefits for such a swap.

pey

sr. member

Activity: 546

Merit: 251

Free Crypto in Stake.com Telegram t.me/StakeCasino

Binance Chain has no chance period. Do they even know what they are talking about? Some shit coins will launch on Binance Chain and we'll dump ETH, seriously? and price has nothing to do with real value.

Umkar

member

Activity: 364

Merit: 10

I do not exclude the fact that some of the projectors can switch to blockchain Binance, but this is unlikely to lower the Ethereum price below a hundred dollars. Ethereum is an independent project that does not depend heavily on ICO and tokens, because Ethereum is more focused on smart contracts and decentralization, thanks to which it is valuable.

malcovi2

member

Activity: 1103

Merit: 76

I really dont think that Binance chain would send ethereum price crashing down because it already build some userbase and companies accepting it as a payment medium. Unlike BNB it has to build customer base from the start which will take years.

disconnectme

hero member

Activity: 1876

Merit: 512

I would have said Yes, if Binance chain has smart contract functionalities but no, Binance to me what a piece of the strong selling point for Ethereum and will surely affect the price but how many good projects will jump shift, exchange can compete in the developers space, they may try but long term I don't see them being competitive and Men will be separated from boys.

carlzec

full member

Activity: 616

Merit: 100

Quote from: carlzec on April 27, 2019, 09:46:40 AM

BNB has come to the present day with the strength it has received from the Binance Exchange, which is called the flagship of the crypto money market, but it may also suffer a lot if it is not taken carefully. It's a good idea to be careful.

In the past, terms such as the EOS, NEO and the ETH killer were used for TRON, but none of them were able to beat the ETH. The ETH continues its journey with many years of experience and is a source for many Altcoins, which is unlikely to change in the short term.

komjhq

full member

Activity: 588

Merit: 100

Quote from: sockpuppet1911 on April 28, 2019, 08:30:38 AM

Quote from: khufuking on April 27, 2019, 09:26:25 AM

I do not see this happening, there is a lot of Projects and Binance can't just cover them all also as said above Binance is fully centralized and I hope people see that sooner than later if the Crypto community started to give that much power to Binance we will regret it very soon imagine a Cryptospace that all evolve around one entity. By the way, Ethereum was 2 digits just a couple of months back and it managed to pull back to 180+ before return to 150+.

Centralized, yes. But wasn't the whole point of the bnb to also make decentralized exchange next to the centralized exchange?

I think that you should take into account the fact that binance has certain levers for managing your resources and can greatly influence the users' funds. Of course, the binance team said it lacked the ability to compete with ethereum, but we are all much more confident, as in its decentralization.

Wakhid Mukti

full member

Activity: 588

Merit: 105

Play Bitcoin PVP Prediction Game

Without the Binance Chain, Ethereum has also reached the previous 2 digit number. This is affected by the plummeting conditions in the crypto market. Not only BTC, ETH also experienced a price correction from its highest $ 2000 ATH to the lowest price of $ 85. And this decline was not at all affected by the Binance Chain. But Pure because of price correction. Now ETH is still in the price range of $ 160 and there is still a high probability of falling back to the 2-digit price regardless of the launch of the Binance Chain or not.

starblocks

hero member

Activity: 1344

Merit: 502

It's possible that launchpads such as this and others like it will begin to attract some of the market share that Ethereum has been enjoying in the crowdsale sector, but there may be potential issues in future to do with regulatory clarity regarding these new offerings that investors should be aware of however, it still has a well established presence in the market and has maintained its prominence regardless of the ICO market decline so it's not likely to be surpassed by anything that is this over hyped

sockpuppet1911

sr. member

Activity: 994

Merit: 278

Quote from: khufuking on April 27, 2019, 09:26:25 AM

I do not see this happening, there is a lot of Projects and Binance can't just cover them all also as said above Binance is fully centralized and I hope people see that sooner than later if the Crypto community started to give that much power to Binance we will regret it very soon imagine a Cryptospace that all evolve around one entity. By the way, Ethereum was 2 digits just a couple of months back and it managed to pull back to 180+ before return to 150+.

Centralized, yes. But wasn't the whole point of the bnb to also make decentralized exchange next to the centralized exchange?

mbsyahia

member

Activity: 322

Merit: 12

Quote from: asder250 on April 27, 2019, 10:17:49 AM

How many times we saw that some coin is next Ethereum and Ethereum will die?
I am not saying that this can't happen, but after 4 years it didn't happen. Cheesy

Yes, we must not forget that Ethereum is one of the currencies that have revolutionized the world of crypto and it has a very good team working behind

asder250

full member

Activity: 708

Merit: 103

Empowering crypto w/ sustainable energy

How many times we saw that some coin is next Ethereum and Ethereum will die?
I am not saying that this can't happen, but after 4 years it didn't happen. Cheesy

Topic: Binance Chain Could Send Ethereum Price Back to Double-Digits: Analyst (Read 562 times)