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

pieppiep

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Quote from: AUruHM on May 07, 2019, 01:32:33 PM

Quote from: pageraji on May 07, 2019, 02:19:22 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

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Quote from: republicrypto on May 06, 2019, 02:46:56 AM

Quote from: Darkoth89 on May 05, 2019, 01:04:07 PM

Quote from: pey on May 05, 2019, 12:17:54 PM

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

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Quote from: pageraji on May 07, 2019, 02:19:22 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

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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

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Quote from: pey on May 05, 2019, 12:17:54 PM

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

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Quote from: carlzec on May 04, 2019, 01:26:38 PM

Quote from: carlzec on April 27, 2019, 10:46:40 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

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Keep it Simple guys :)

Quote from: Darkoth89 on May 05, 2019, 01:04:07 PM

Quote from: pey on May 05, 2019, 12:17:54 PM

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

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Quote from: rocketcoin88 on April 27, 2019, 10:04:05 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

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Quote from: pey on May 05, 2019, 12:17:54 PM

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

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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

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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

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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

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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

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Quote from: carlzec on April 27, 2019, 10:46:40 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

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Quote from: sockpuppet1911 on April 28, 2019, 09:30:38 AM

Quote from: khufuking on April 27, 2019, 10:26:25 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

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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

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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

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Quote from: khufuking on April 27, 2019, 10:26:25 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

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Quote from: asder250 on April 27, 2019, 11:17:49 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

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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

carlzec

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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.

didzi

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Quote from: khufuking on April 27, 2019, 10:26:25 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+.

yes, you're right
few months ago eth price in double-digits
and i believe ethereum will not go back to double digits again my friend,
except if market capitalizations of cryptocurrencies go back under 150 billion mate

khufuking

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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+.

coco23

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Quote from: rocketcoin88 on April 27, 2019, 10:04:05 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

You are right insofar that exchanges have a faster turnover than coins. But you should not forget that the Bitcoin dominance has decreased a lot over the years. In fact I believe that for the next bull run for ATHs (if it will ever come...) a true flippening might occur. If not ETH or BNB there might be another contender by then...

rocketcoin88

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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

Febo

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Quote from: Ucy on April 27, 2019, 08:23:45 AM

Not as simple as that.

Real blockchain projects aren't going to be moving to binance own crowdfunding platform long-term. There are couple of things I don't want to mention here that will prevent mass adoption of BNB.
By the way, ethereum already does what binance is trying to do with crowdfunding-exchange listing

Yes real. But most are not real. They used ETH asset platform just to launch token to crowdfund their project that mainly have nothing to do with block chain. For them is totally same where they launch or exist right now.

Ucy

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Not as simple as that.

Real blockchain projects aren't going to be moving to binance own crowdfunding platform long-term. There are couple of things I don't want to mention here that will prevent mass adoption of BNB.
By the way, ethereum already does what binance is trying to do with crowdfunding-exchange listing

jacafbiz

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I know alot has been said about Binance chain but it is too centralized, most of the things Binance getting away with will be exposed when people start exploiting their chain, it is very easy to be a token but difficult to be a platform and succeed, I will watch the growth of the chain for the next one year and see how it grows

VanDeinsberg12

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Quote from: zbig001 on April 26, 2019, 03:12:16 AM

It was thanks to decentralization that Ethereum avoided being classified as an unregistered security.
The decentralization of Binance chain is questionable, and in addition, Binance decided to take responsibility for issuing tokens of other projects.
Increasing the chance of a lawsuit for itself, for publishing unregistered securities.

Just the matter of time until binance will have gotten a big problem with all of securities that launched in binance launch pad. Binance chain looks a centralized blockchain and anything undercontrol by the binance exchange itself.

Darkoth89

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Not liking this at all. This way it could also mean that Binance can use the listing on their exchange as a leverage for new projects to swap to the Binance chain. Something like 'swap to our blockchain and get a discouted listing on the biggest crypto exchange'.

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it doesn't matter in my opinion. ethereum is still the same centralized token with a huge supply with no cap that is doomed to go down in the long run but it won't happen because of some other altcoin coming along, specially another fully centralized one issued by an exchange!
besides ETH has been losing the market for a while now, and ever since ICOs started dying ETH has been having a very hard time keeping the price up as it is. so its upcoming dumps is guaranteed and won't be because of Binance's shitcoin!

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Quote from: figmentofmyass on April 20, 2019, 03:31:50 PM

binance chain is incredibly centralized. it's basically a private network where its own validators are the only validators. BNB is basically the equivalent of XRP where binance chain has added atomic swap capability. only the greediest and/or dumbest projects would prefer binance chain. (although to be fair that describes most of the altcoin scene)

ethereum is an actual cryptocurrency with decentralized consensus. people are overestimating the importance of ICO fundraising; that market is already pretty dead anyway. but surely some projects will prefer to remain on an actual decentralized blockchain. i also think there will be new supply/demand dynamics as ethereum moves closer to POS. that will create new demand and lessen available supply just as we've seen with other hybrid POS coins.

I do not think that many are concerned about the centralization of cryptocurrency. If there is an opportunity to earn somewhere, people will take advantage of this, even if it leads to centralization.
To meet the demand for ethereum, additional use of the coin is necessary. As rightly noted, the ICO market is almost dead. The developers have announced big plans and current developments. Etherium will not give up easily.
So that uncertainty.

sandra_x

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The Binance chain is a formidable competitor for ethereum given the reputation and success of the binance exchange. But Ethereum is a step ahead as it has already won the support of tech giants such Samsung, Google and many others.Ethereum will always have the advantage of being the first. I also see the likelihood of other big exchanges copying binance and launching their own chain also, that may water-down the binance chain.

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Quote from: Viper_Unleashed on April 26, 2019, 04:35:33 AM

Well introducing IEO every month and making people facing difficulties in buying tokens and totally manipulating the price is being going on for some time.Consider the case of BTT,Cellar,Fet and now Matic.Moreover people can buy only using BNB was a great move.But what people need to understand is that the whole idea of financial freedom is again at stake.Why people don't like Ripple the same reason it will provide monopoly because it cannot be mined and solely owned by one entity.We need to see the bigger picture.

Exactly. They forgot what ICOs did to the market in 2017/18? Build up the hype, inflate the market, make everyone crazy,,, and then scam and zero value and bear market. They probably know this however so they are just doing it anyway to get a quick buck out of it. People forgot about the true ideals now, financial freedom,,, independence,,, now it is still all about x100 and megariches!

sockpuppet1911

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In my opinion that means that the most likely to be scam projects will adopt Binance chain in a heartbeat in order to get in ( I am not saying that there wouldn't be real projects as well, but the ones that are in it for a quick buck are going for the Binance chain).
ETH is going to be more versatile and doing different things, it suits for some utility tokens better that are actually building something, and not just offering security tokens etc.

kurcalas

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Quote from: ioanbtc on April 20, 2019, 01:48:47 PM

Crypto exchange Binance has launched its custom blockchain solution Binance Chain on April 18. But the move might threaten to burn a hole in Ethereum’s pocket.

https://www.newsbtc.com/2019/04/20/binance-chain-could-send-ethereum-price-back-to-double-digits-analyst/amp/

What do you think? Will this happen or both coins will have the price over 100$?

Aside from the success of the binance chain, due to the success of the Binance platform, the price can exceed $ 100. But an error like Bittrex, Poloniex and Kraken can drop Binance and therefore the BNB.

xenomorphe1

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No, it won't happen. BNB is living just because of hype. Never invest in a hype coin for a long term investment. You can trade it for a very short term, because the pumpers (Binance?) are keeping it alive artificially. But when they are going to be exhausted, a big dump is surely going to happen.

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Hard to say, I am one of those who believe 2019 is NOT the year of recovery but of ups and downs and possibly another wild bottom for Bitcoin, and maybe even for alts like Ethereum. Double Digits is perfectly normal even if it were to happen though, and it will trigger even more people to buy at the bottom because more people will believe THAT is the bottom than the previous one was.

Viper_Unleashed

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Well introducing IEO every month and making people facing difficulties in buying tokens and totally manipulating the price is being going on for some time.Consider the case of BTT,Cellar,Fet and now Matic.Moreover people can buy only using BNB was a great move.But what people need to understand is that the whole idea of financial freedom is again at stake.Why people don't like Ripple the same reason it will provide monopoly because it cannot be mined and solely owned by one entity.We need to see the bigger picture.

zbig001

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It was thanks to decentralization that Ethereum avoided being classified as an unregistered security.
The decentralization of Binance chain is questionable, and in addition, Binance decided to take responsibility for issuing tokens of other projects.
Increasing the chance of a lawsuit for itself, for publishing unregistered securities.

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Quote from: ioanbtc on April 20, 2019, 01:48:47 PM

Crypto exchange Binance has launched its custom blockchain solution Binance Chain on April 18. But the move might threaten to burn a hole in Ethereum’s pocket.

https://www.newsbtc.com/2019/04/20/binance-chain-could-send-ethereum-price-back-to-double-digits-analyst/amp/

What do you think? Will this happen or both coins will have the price over 100$?

i see a lot of people talking about binance right now,
this is really nice hype on binance chain, but i'm sure if ethereum will always better than binance chain
wich mean i believe ethereum will never back to double digit because of binance chain
maybe this quote below is a reasonable reason to choose ethereum rather than binance if both are an options

Quote from: figmentofmyass on April 20, 2019, 03:31:50 PM

binance chain is incredibly centralized. it's basically a private network where its own validators are the only validators. BNB is basically the equivalent of XRP where binance chain has added atomic swap capability. only the greediest and/or dumbest projects would prefer binance chain. (although to be fair that describes most of the altcoin scene)

ethereum is an actual cryptocurrency with decentralized consensus. people are overestimating the importance of ICO fundraising; that market is already pretty dead anyway. but surely some projects will prefer to remain on an actual decentralized blockchain. i also think there will be new supply/demand dynamics as ethereum moves closer to POS. that will create new demand and lessen available supply just as we've seen with other hybrid POS coins.

figmentofmyass

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binance chain is incredibly centralized. it's basically a private network where its own validators are the only validators. BNB is basically the equivalent of XRP where binance chain has added atomic swap capability. only the greediest and/or dumbest projects would prefer binance chain. (although to be fair that describes most of the altcoin scene)

ethereum is an actual cryptocurrency with decentralized consensus. people are overestimating the importance of ICO fundraising; that market is already pretty dead anyway. but surely some projects will prefer to remain on an actual decentralized blockchain. i also think there will be new supply/demand dynamics as ethereum moves closer to POS. that will create new demand and lessen available supply just as we've seen with other hybrid POS coins.

Febo

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Quote from: ioanbtc on April 20, 2019, 01:48:47 PM

Crypto exchange Binance has launched its custom blockchain solution Binance Chain on April 18. But the move might threaten to burn a hole in Ethereum’s pocket.

https://www.newsbtc.com/2019/04/20/binance-chain-could-send-ethereum-price-back-to-double-digits-analyst/amp/

What do you think? Will this happen or both coins will have the price over 100$?

Probably the second. But yes. Ethereum will lose its only usecase. Everyone will want to get crowdfunded on Binance simply to have more chances to enter Binance exchange.

ioanbtc

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Crypto exchange Binance has launched its custom blockchain solution Binance Chain on April 18. But the move might threaten to burn a hole in Ethereum’s pocket.

https://www.newsbtc.com/2019/04/20/binance-chain-could-send-ethereum-price-back-to-double-digits-analyst/amp/

What do you think? Will this happen or both coins will have the price over 100$?

Topic: Binance Chain Could Send Ethereum Price Back to Double-Digits: Analyst (Read 527 times)