Topic: BNB has surpassed ETH!!! While BNB still 7x cheaper than ETH right now! BIG NEWS (Read 277 times)
March 09, 2021, 11:08:54 AM
BNB was so cheap some days ago and at this time the price of BNB is increasing. If we think about ethereum and BNB, the price of eth is much higher than BNB. But the uses of BNB is also increasing for its fast transaction, low fees.
March 09, 2021, 06:47:30 PM
In this case Binance Smart Chain is a good solution because Binance Smart Chain is cheaper. Perhaps as time goes on if it can indeed beat ethereum
in the future, it could be bnb will rise positions in cmc. But for now ethereum is still the king of altcoins and remains in its position in cmc according
to market capitalization.
in the future, it could be bnb will rise positions in cmc. But for now ethereum is still the king of altcoins and remains in its position in cmc according
to market capitalization.
March 09, 2021, 05:22:05 PM
Major issues with ethereum is the gas fees and many small traders can't exactly afford that I mean you will be basically eating up your profits and maybe even be at a lost with most transaction BSc normally cost way less and is faster I think
March 09, 2021, 10:05:20 AM
let's see the price of BNB will surpass the ethereum price in the future, I am very sure it can happen because the influence of BNB supply is less than ethereum so that it will make it difficult for people to get BNB, especially since the platform is currently growing very large so there is a high probability of price ethereum defeated by BNB.
I don't think BNB will ever be able to replace Ethereum as the king of altcoins. Ethereum is technically far superior to BNB, although BNB trading volume has surpassed ethereum, but BNB will have a hard time shifting Ethereum's position. Moreover, the Ethereum development team is currently completing their new project, which is Ethereum 2.0. After Ethereum 2.0 was launched, then BNB will it increasingly difficult to replace Ethereum as the second cryptocurrency that has a bright future after Bitcoin. March 09, 2021, 06:19:51 AM
It is obvious that there will eventually be a huge price increase in BNB, it did it once but it did such a low increase compared to how awesome it is going right now, people are going to use BNB a lot more in the BSC and that is why the price will go up a lot more, that is why I believe we are going to live another BNB increase very soon.
I predict at least a 1.5k price for BNB in the future, that will make CZ one of the richest person in the world probably, but I am 100% sure that BNB will go up. Why? Well, the chart shows why, since ETH has a huge problem right now and even after they fix it, we are going to watch BSC get bigger and bigger, that is the biggest reason why BNB will go up, not because coin itself is doing anything great, but other projects are going great and doing amazing and awesome stuff and they are using BNB on BSC which makes it go up.
A switch of investment is very likely to happen. I predict at least a 1.5k price for BNB in the future, that will make CZ one of the richest person in the world probably, but I am 100% sure that BNB will go up. Why? Well, the chart shows why, since ETH has a huge problem right now and even after they fix it, we are going to watch BSC get bigger and bigger, that is the biggest reason why BNB will go up, not because coin itself is doing anything great, but other projects are going great and doing amazing and awesome stuff and they are using BNB on BSC which makes it go up.
Ethereum supporters like a bandwagon turning into BNB supporters because of its price increase.
Will it be a good thing for both sides?
Yeah, maybe.
It's like a floodgate being closed again and the Ethereum transactions might go smooth and cheap.
On the other side, can BNB withstand if ever a huge amount of users suddenly switched?
March 09, 2021, 05:26:57 AM
Now we are heading to $300 or even more, stfu you all who still think ETH is better than BNB.
March 09, 2021, 04:23:02 AM
It is obvious that there will eventually be a huge price increase in BNB, it did it once but it did such a low increase compared to how awesome it is going right now, people are going to use BNB a lot more in the BSC and that is why the price will go up a lot more, that is why I believe we are going to live another BNB increase very soon.
I predict at least a 1.5k price for BNB in the future, that will make CZ one of the richest person in the world probably, but I am 100% sure that BNB will go up. Why? Well, the chart shows why, since ETH has a huge problem right now and even after they fix it, we are going to watch BSC get bigger and bigger, that is the biggest reason why BNB will go up, not because coin itself is doing anything great, but other projects are going great and doing amazing and awesome stuff and they are using BNB on BSC which makes it go up.
I predict at least a 1.5k price for BNB in the future, that will make CZ one of the richest person in the world probably, but I am 100% sure that BNB will go up. Why? Well, the chart shows why, since ETH has a huge problem right now and even after they fix it, we are going to watch BSC get bigger and bigger, that is the biggest reason why BNB will go up, not because coin itself is doing anything great, but other projects are going great and doing amazing and awesome stuff and they are using BNB on BSC which makes it go up.
March 08, 2021, 03:49:59 AM
let's see the price of BNB will surpass the ethereum price in the future, I am very sure it can happen because the influence of BNB supply is less than ethereum so that it will make it difficult for people to get BNB, especially since the platform is currently growing very large so there is a high probability of price ethereum defeated by BNB.
I also hope that can happen, but wake up and look back on everything ETH currently has to solve more problems. And I've also heard of the 1559 eth eip proposition, all of which makes me think ETH will change the way it works and take it even further.I'm not a person who likes to compare projects, because I think they can grow better together, so both ETH and BNB are the best in the market.
March 08, 2021, 03:31:41 AM
let's see the price of BNB will surpass the ethereum price in the future, I am very sure it can happen because the influence of BNB supply is less than ethereum so that it will make it difficult for people to get BNB, especially since the platform is currently growing very large so there is a high probability of price ethereum defeated by BNB.
If the trading volume has surpass that of etheruem, it is possible truly that the price can later jump to close to etheruem but I don't agree that it will drag etheruem price down because that isn't the way cryptocurrency works. Instead of dragging it down, bnb price can go up. The only coin that can cause that is bitcoin dropping.
March 06, 2021, 10:18:55 AM
The Ethereum network makes it difficult, I don't know if this will return to normal or it will stay like this, we are making it difficult when sending tokens is much more expensive compared to the current BSC which is a trend that is widely used.
It will not change without eth 2.0
Just imagine what happens in the background when ETH pumps 5%.
1- arbitrage between cex and eth/usdt eth/usdc eth/dai eth/.... (all stable coins) pools
2- triangular arbitrage between every eth/altcoin pool that has also good liquidity on stable/altcoin pool
3- arbitrage between pools on different platforms (like mooniswap, uniswap, sushiswap)
Even if everyone will stop using ETH dexes ... fees will not go down because market mechanisms (mainly arbitrage) is enough to clog the network. How do I know that? Because when fees will go down there will be simply more arbitrage (because lower fees will only make it profitable to arbitrage on lower spreads)
ETH is not made to be a platworm for AMM Dexes.
March 06, 2021, 09:36:38 AM
The only difference for end user is 0.2$ fee instead of 70$. I use BSC more than eth these days. I stopped to accept ETH chain tokens as reward (payment) -f.e stable coins. I ask for Tron usdt or BSC BUSD, BSC USDC. Same when I use crypto to pay for services. ETH is unusable for < 10 000$ transactions.
It is the truth. I am saying my personal acceptance. I hate the CEO of TRON but I use TRC-20 for my USDT transactions all time. Why do I have to choose ERC-20 and be charged with expensive fees for my withdrawals. While if I choose TRON and TRC-20 chain, I have almost 0 withdrawal and transaction fees.It is indeed not a difficult choice at any level of consideration, for me.
Throughout my withdrawals from various exchanges I always use USDT-trc because that is the choice of one with a fee of 0, even though it is not impossible that almost everyone will definitely use the Tron network to make transactions because it is cheaply without any burden for me.
The Ethereum network makes it difficult, I don't know if this will return to normal or it will stay like this, we are making it difficult when sending tokens is much more expensive compared to the current BSC which is a trend that is widely used.
March 06, 2021, 08:12:51 AM
The only difference for end user is 0.2$ fee instead of 70$. I use BSC more than eth these days. I stopped to accept ETH chain tokens as reward (payment) -f.e stable coins. I ask for Tron usdt or BSC BUSD, BSC USDC. Same when I use crypto to pay for services. ETH is unusable for < 10 000$ transactions.
It is the truth. I am saying my personal acceptance. I hate the CEO of TRON but I use TRC-20 for my USDT transactions all time. Why do I have to choose ERC-20 and be charged with expensive fees for my withdrawals. While if I choose TRON and TRC-20 chain, I have almost 0 withdrawal and transaction fees.It is indeed not a difficult choice at any level of consideration, for me.
March 06, 2021, 07:14:23 AM
I see nobody that I personally know using a BSC dapp right now (not defi ok but actual apps).
The fact that you and people from your circle does not use BSC does not proof anything. This type of argument has a logical error called "false universality" - using data from an unrepresentative statistical sample
I see nobody I know or heard of who likes BSC.
To like a blockchain ... XD
From UX BSC and ETH are the same. You can even use same DEX aggregator to trade on botch chains (1Inch support BSC and ETH). You can use same wallet for ETH and BSC (metamask). The only difference for end user is 0.2$ fee instead of 70$. I use BSC more than eth these days. I stopped to accept ETH chain tokens as reward (payment) -f.e stable coins. I ask for Tron usdt or BSC BUSD, BSC USDC. Same when I use crypto to pay for services. ETH is unusable for > 10 000$ transactions.
March 06, 2021, 06:49:30 AM
People want cheap and fast, Binance give them Binance Smart Chain for developers and users of ERC-20 tokens. I am not surprising to see people switch their chains from Ethereum to Binance Smart Chain (BSC).
This try to flip of Binance Smart Chain is great and on-going but will Ethereum fails with its upgrade to solve their scalability and fees? I don't know. They might succeed and resolve the potential flip.
You can check the coinmarketcap: https://coinmarketcap.com/. After days of hype, Polkadot, Cardano are slowly pulling back and Tether USD is on the third position again.
This try to flip of Binance Smart Chain is great and on-going but will Ethereum fails with its upgrade to solve their scalability and fees? I don't know. They might succeed and resolve the potential flip.
You can check the coinmarketcap: https://coinmarketcap.com/. After days of hype, Polkadot, Cardano are slowly pulling back and Tether USD is on the third position again.
March 06, 2021, 06:01:20 AM
Facts that are arranged as you would wish. I see nobody that I personally know using a BSC dapp right now (not defi ok but actual apps). I see nobody I know or heard of who likes BSC. This is pure manipulation for sure and CZ has the money and the bots to do it. Not wrong,,, everybody can do the same,,, but really, is it so difficult to believe?
March 06, 2021, 05:25:16 AM
I wouldn't compare ETH and BNB this way. After all, we can all see that Ethereum has a huge advantage over all other platforms. We can safely say that about 70% of projects are based on the Ethereum network. It may appear that with the current HYPE, BNB is catching up with ETH but that will change immediately as ETH 2.0 is implemented.
We will have to wait for months to years for eth 2.0. Untill than BSC will grow exponentially (just like its growing now). The main advantage BSC has over other ETH competitors is that it is ETH compatible. Starting from first day BSC gained acces to all infrastructure ETH was building for years ... wallets, dexes, SC. Project can move to BSC without extra coding. If BSC will grow 10-100x more now one will come back to ETH 2.0 because whole volume, innovation, traffic will be on BSC.
And amount of projects on ETH does not mean anything since we all know that 99.9% of projects will die in next few years because they are useless.
March 06, 2021, 05:11:22 AM
I wouldn't compare ETH and BNB this way. After all, we can all see that Ethereum has a huge advantage over all other platforms. We can safely say that about 70% of projects are based on the Ethereum network. It may appear that with the current HYPE, BNB is catching up with ETH but that will change immediately as ETH 2.0 is implemented.
Yes, this still cornered the majority of the projects, but would you think that new projects or even old one will seek a better platform since ETH main problem is scalability? That's why the chart is telling us, and it will be just a matter of time before that numbers double and ETH losing it's ground on this battle. Unless the most touted ETH2.0 will bring the needed solution. ETH devs should be in a pressure right now to go live otherwise Binance Smart Chain might be the new king. 
March 06, 2021, 03:35:20 AM
I wouldn't compare ETH and BNB this way. After all, we can all see that Ethereum has a huge advantage over all other platforms. We can safely say that about 70% of projects are based on the Ethereum network. It may appear that with the current HYPE, BNB is catching up with ETH but that will change immediately as ETH 2.0 is implemented.
March 06, 2021, 03:02:51 AM
Your data may seem practical but it does not appreciate the situation in terms of the term. pumped inventory is only temporary if not completeness. I see no signs of real evidence that BNB has surpassed ETH in terms of user value or market capitalization and so far ETH still holds TOP 2 with certainty even though ethereum 2.0 has not had its final results. launch. Of course I agree that the market cap and value of BNB have increased dramatically while running BSC but that has yet to prove the superiority of BNB.
You confuse 2 parameters. Value and price.
@OP
Its hard to compare those 2 assets. ETH is slow but decentralized, BSC is fast but semi-centralized (proof of authority). BNB is also a utility token on biggest crypto exchange. BNB is deflationary (like -5 to -10% annually) while ETH is inflationary. BNB gives passive ROI from lauchpads, lauchpools (like 20-60% annually). Its also good to point out that the chart posted by you is logarithmic. BSC not "barely pass eth", it already did like 5-10x of eth trafic. It goes from 1/100 of eth traffic to 5-10 x eth traffic (x1000) in a matter of 1 year and dynamic of this grow is amazing. While ETH trafic remained almost constant - that proves that it already hit the roof created by high fees.
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March 06, 2021, 01:56:07 AM
It's good when the transactions spread out across blockchains, as I've seen lately ETH gas fee price also has decreased aswell maybe because many people migrating to BSC atleast it makes sense to move ERC20 token right now.
Hopefully BSC's transaction volume rally is not some temporary things so we can get the best of both worlds.
Hopefully BSC's transaction volume rally is not some temporary things so we can get the best of both worlds.
March 06, 2021, 01:14:06 AM
I don't want to tell bullshit, so here is the fact
Your data may seem practical but it does not appreciate the situation in terms of the term. pumped inventory is only temporary if not completeness. I see no signs of real evidence that BNB has surpassed ETH in terms of user value or market capitalization and so far ETH still holds TOP 2 with certainty even though ethereum 2.0 has not had its final results. launch. Of course I agree that the market cap and value of BNB have increased dramatically while running BSC but that has yet to prove the superiority of BNB. Quote
To conclude, Ethereum’s scalability issues persist, and as a result layer-1 and layer-2 solutions have started to strengthen their position within the market.
In February, BSC surpassed Ethereum in both transaction volume and unique active wallets. While Ethereum is still 4 times bigger in terms of TVL.
This growth from BSC was driven mainly by just a few dapps, which might prove to be a fragile foundation in the long run.
https://dappradar.com/blog/dapp-industry-report-february-2021In February, BSC surpassed Ethereum in both transaction volume and unique active wallets. While Ethereum is still 4 times bigger in terms of TVL.
This growth from BSC was driven mainly by just a few dapps, which might prove to be a fragile foundation in the long run.
March 05, 2021, 10:29:59 PM
Yep, Binance is cheaper. But we should also acknowledge if the BNB price will reach the current price of Etheruem, what will the price of Ethereum then?
For me, it was all because of the recent problem of Ethereum, which is scalability.
For now, I can see Binance Smart Chain is an alternative to Ethereum, with no competition. Even if we compare Ethereum to Binance, Binance is really far.
For me, it was all because of the recent problem of Ethereum, which is scalability.
For now, I can see Binance Smart Chain is an alternative to Ethereum, with no competition. Even if we compare Ethereum to Binance, Binance is really far.
March 05, 2021, 09:36:58 PM
Agreed, the main thing caused by this https://medium.com/theecosystem/how-to-access-your-eth-wallet-address-on-bsc-87fdb1fe2448
people can easily accessing BNB use the new RPC connection to the BSC main net and this much more easier compared when binance was only using native binance chain in the past.
That makes people can move to the binance in a few minutes. That's why there are lots of new DEFI on BSC.
ethereum address can also be used on BSC.
The calculation should be active address on ethereum + new address that will be created on BSC.
people can easily accessing BNB use the new RPC connection to the BSC main net and this much more easier compared when binance was only using native binance chain in the past.
That makes people can move to the binance in a few minutes. That's why there are lots of new DEFI on BSC.
ethereum address can also be used on BSC.
The calculation should be active address on ethereum + new address that will be created on BSC.
March 05, 2021, 06:46:32 PM
I don't want to tell bullshit, so here is the fact
Quote
To conclude, Ethereum’s scalability issues persist, and as a result layer-1 and layer-2 solutions have started to strengthen their position within the market.
In February, BSC surpassed Ethereum in both transaction volume and unique active wallets. While Ethereum is still 4 times bigger in terms of TVL.
This growth from BSC was driven mainly by just a few dapps, which might prove to be a fragile foundation in the long run.
https://dappradar.com/blog/dapp-industry-report-february-2021 In February, BSC surpassed Ethereum in both transaction volume and unique active wallets. While Ethereum is still 4 times bigger in terms of TVL.
This growth from BSC was driven mainly by just a few dapps, which might prove to be a fragile foundation in the long run.
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