BNB is No. 4 (3RD NOW) - 4th/3rd/5th again

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Quote from: Pelana vreo on March 03, 2021, 11:38:50 PM

The BNB rating is slowly increasing and that is a good progress as I have seen many new projects on the BSC network.

I think the longer BNB's ranking will soon go up to 2 if ethereum can't solve the problem it is currently facing (heavy transaction traffic on the ether blockchain makes shipping costs more expensive)

I just find it funny that in the blockchain ideal of decentralization, a centralized trading platform's token is all the way at the top of the charts beating other great techs.

Pelana vreo

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The BNB rating is slowly increasing and that is a good progress as I have seen many new projects on the BSC network.

I think the longer BNB's ranking will soon go up to 2 if ethereum can't solve the problem it is currently facing (heavy transaction traffic on the ether blockchain makes shipping costs more expensive)

nicecrypto

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Quote from: sayaya17 on February 28, 2021, 07:10:10 PM

BNB has indeed grown at a very good price this time. If the gas fee for ethereum continues to be as expensive as it is now, perhaps Binance Smart Chain
solves solve this problem. And as BNB price increases continue to skyrocket, many projects have looked at Binance Smart Chain.
It is possible that Binance Smart Chain will also be one competitor for ethereum smart contracts.

The fact that some projects are beginning to migrate to Binnace Chain Network means it is already a competition for ethereum and I see this continuing for some time if the Ethereun network does not fix the issue of this high gas fee which is driving everyone crazy. I read this tweet some hours ago "Bankroll Network on Binance Smart Chain " https://twitter.com/ante_hero/status/1367168301542105100?s=20 and I believe there are some others like this too.

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Quote from: disconnectme on February 28, 2021, 04:48:35 PM

I believe BNB deserves the 3rd position more than any other tokens on your list, tell me what use case DOT and ADA have at the present and I can name 10 or more for BNB, the only issue people are pointing out about BNB is centralisation but people forgot that Ethereum did hard fork to save their project sometimes ago but see where it is today. I doubt ADA will gain any traction but DOT is very promising but they need to first deliver something

That is a problem with a great deal of the coins on the market, they make promises and you think you are in the presence of a project that will change this market forever but then it takes forever for the developers to deliver on any of their promises, and yet despite all of this we have seen many coins get to the top spots of this market with that strategy, the binance coin deserves to be on the 3rd or 4th spot for now but it is going to take a lot of time before it can challenge ethereum as the second best coin int the market.

sayaya17

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BNB has indeed grown at a very good price this time. If the gas fee for ethereum continues to be as expensive as it is now, perhaps Binance Smart Chain
solves solve this problem. And as BNB price increases continue to skyrocket, many projects have looked at Binance Smart Chain.
It is possible that Binance Smart Chain will also be one competitor for ethereum smart contracts.

stadus

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Quote from: disconnectme on February 28, 2021, 04:48:35 PM

I believe BNB deserves the 3rd position more than any other tokens on your list, tell me what use case DOT and ADA have at the present and I can name 10 or more for BNB, the only issue people are pointing out about BNB is centralisation but people forgot that Ethereum did hard fork to save their project sometimes ago but see where it is today. I doubt ADA will gain any traction but DOT is very promising but they need to first deliver something

True, some coins in the top has a great potential but they have not delivered yet like what Binance has delivered already.
People trusted BNB because their development is very transparent, and anyone who are using and following their platform would know that.

However, we can't also blame if people will invest on other projects since we are in a speculative market, people love to speculate the future of a certain coin and then invest on it if they see a positive sign.

disconnectme

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I believe BNB deserves the 3rd position more than any other tokens on your list, tell me what use case DOT and ADA have at the present and I can name 10 or more for BNB, the only issue people are pointing out about BNB is centralisation but people forgot that Ethereum did hard fork to save their project sometimes ago but see where it is today. I doubt ADA will gain any traction but DOT is very promising but they need to first deliver something

In the silence

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''Vincit qui se vincit''

Quote from: lobo13hf on February 27, 2021, 05:59:20 AM

Quote from: CutePanda on February 23, 2021, 10:24:58 PM

it's 3rd again now, just take a look at the volume of BNB, it's keep increasing day by day, i really think that this coin can reach 2nd soon and beat ETH,

BNB already replaced by ADA and ADA hardfork has been making this coin grows a lot today. it seems like the current MCAP of ADA will be quite difficult to be surpassed by binance again soon.
I do believe if we will see a very strict competition between ADA and BNB to get the 3rd place on CMC.
It's too far to predict if BNB will be surpassing ethereum. It must get the third position.

People are starting leaving from BNB and they move to the ADA. There's a big update on ADA.

Yeah, looks like the marketcap of BNB and Ethereum are slowly eaten by ADA. Still BNB is way far ahead than BNB and will likely surpassed 3rd place again when the quarterly burning of coins commmence and another update of Binance that will gain more benefits by hodling BNB.

codpku

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only ethereum wall have to be beat maybe someday binance will take bitcoin crown as number 1 cryptocurrency, for now binance was the answer from all people that complaining with very expensive gas fee from ethereum
and with binance smart chain all great project will use it and lot of people wiil left ethereum and binance will beat ethereum as soon as possible

lixer

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Quote from: lobo13hf on February 27, 2021, 05:59:20 AM

BNB already replaced by ADA and ADA hardfork has been making this coin grows a lot today. it seems like the current MCAP of ADA will be quite difficult to be surpassed by binance again soon.
I do believe if we will see a very strict competition between ADA and BNB to get the 3rd place on CMC.
It's too far to predict if BNB will be surpassing ethereum. It must get the third position.

Yeah, I can't believe that BNB increases this fast, it is really incredible that people are moving to BSC and other famous ones, I feel lucky that I got in a bit before any of this started, and a bit unlucky because I used some percentage of BNB to invest into BSC stuff instead. I had the right idea but used it wrong, I assumed that since ETH was so expensive and it was closing to near impossible levels to trade there, people would move to BSC and trade there, so I moved all my money into BSC instead of keeping it at ETH, that was the good move.

But, I assumed the places I invest into would make me a lot more money and invested that BNB into defi projects, which did made some profits but not a whole lot, and now that BNB price is so much more, I could have made 5x more money if I stayed in BNB. In any case, I am quite happy that BNB is getting the attention it deserves, people spend 1 dollar for things ETH charges 100 bucks for.

Japinat

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Quote from: lobo13hf on February 27, 2021, 05:59:20 AM

Quote from: CutePanda on February 23, 2021, 10:24:58 PM

it's 3rd again now, just take a look at the volume of BNB, it's keep increasing day by day, i really think that this coin can reach 2nd soon and beat ETH,

BNB already replaced by ADA and ADA hardfork has been making this coin grows a lot today. it seems like the current MCAP of ADA will be quite difficult to be surpassed by binance again soon.
I do believe if we will see a very strict competition between ADA and BNB to get the 3rd place on CMC.
It's too far to predict if BNB will be surpassing ethereum. It must get the third position.

People are starting leaving from BNB and they move to the ADA. There's a big update on ADA.

They'll have their time, now it's ADA's time to shine.

While most of the coins are dumping, ADA move in the opposite direction, I never thought ADA would go this far this short period of time, I guess this is what we called an altcoin season where some big market altcoins are pumping like they do in the past.

lobo13hf

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Quote from: CutePanda on February 23, 2021, 10:24:58 PM

it's 3rd again now, just take a look at the volume of BNB, it's keep increasing day by day, i really think that this coin can reach 2nd soon and beat ETH,

BNB already replaced by ADA and ADA hardfork has been making this coin grows a lot today. it seems like the current MCAP of ADA will be quite difficult to be surpassed by binance again soon.
I do believe if we will see a very strict competition between ADA and BNB to get the 3rd place on CMC.
It's too far to predict if BNB will be surpassing ethereum. It must get the third position.

People are starting leaving from BNB and they move to the ADA. There's a big update on ADA.

South Park

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Quote from: CutePanda on February 23, 2021, 10:24:58 PM

it's 3rd again now, just take a look at the volume of BNB, it's keep increasing day by day, i really think that this coin can reach 2nd soon and beat ETH, we can just wait and see, because the price of BNB itself is quite stable, even though yesterday not a good day, still, it can rebound and bounce back again as per today.

It is not going to be soon as it needs to grow 300% and ethereum is not going to remain static during that time, however the potential is there, it seems many new developers instead of creating their coins in the ethereum network are deciding to jump to the binance network since it offers them many advantages over ethereum, but the problem is that as binance is a centralized business it could always disappear overnight if a government decides to raid their installations, something that is not possible to do against ethereum.

CutePanda

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it's 3rd again now, just take a look at the volume of BNB, it's keep increasing day by day, i really think that this coin can reach 2nd soon and beat ETH, we can just wait and see, because the price of BNB itself is quite stable, even though yesterday not a good day, still, it can rebound and bounce back again as per today.

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Was able to take advantage of this and traded BNB in the past days as it gets high. I am not sure if I will be holding BNB for a long term trade because a lot of people are also saying that it is just part of the hype as people are now starting to come in to the Crypto market and Binance is one of the biggest exchanges that they chose. But seeing BNB, it still has the potential to grow even better and even reach the level of Eth. I'll keep on monitoring the growth of this alt and continue and trading from it.

South Park

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Quote from: FinneysTrueVision on February 20, 2021, 12:55:00 AM

I did not anticipate it growing this fast. I know ETH has it's problems with high gas fees and scalability. Binance Smart Chain has emerged as a credible alternative and they have billions of dollars to promote their network and attract developers.

Right now that is the biggest advantage of binance, unlike ethereum which is a network binance is a private business so they can do everything they can to promote their project and the fact the fees were so high in order to move your ethereum while the fees of the binance smart chain are so low this can only mean that newer projects have almost no option but to go with them, and if we add that those projects will be listed almost immediately in one of the best exchanges that we have then this is making binance incredibly attractive in the eyes of many developers.

darewaller

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Quote from: lousie9 on February 20, 2021, 08:13:27 AM

I hope the BNB price increase is not just an escape but because BNB is a real altcoin and has such a huge potential, I mean for now, most of the erc20 coin holders are complaining about ridiculous transaction fees using the ethereum Platform including myself. or it seems that today's traders prefer to switch to Binance's proprietary platform. but I believe the increase in BNB for various reasons, especially following the increasing trend of BTC and one more thing that the price of BNB in the last week has increased quite significantly.

The reality is that pancakeswap actually moved above uniswap which tells you all you need to know about the permanent situation. Sure if uniswap and eth manages to find a way to make the transactions and moves under 4-5 dollars they could still go up and become a lot bigger, but until that happens BSC is the new king and BNB is doing so fine that eventually it coin pass ethereum as well.

It is not going to be simple, price of BNB needs to be 1.5k without ETH going up and that is not simple and it is still possible but will not happen in a few days. Which means we are on path to have BNB as the second biggest coin eventually (as long as what is going on right now is sustained) but it is going to be a lot of months for something like that could happen which means ETH has a chance to actually drop their fee if they can, if they fail they will drop to third, if they manage to drop it, then they will stay at second.

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Quote from: Bttzed03 on February 18, 2021, 10:17:17 PM

Yeah, that's right. BNB has overtaken both DOT and ADA in terms of market capitalization. I think this is largely due to the many projects and users/traders/investors migrating to the Binance Smart Chain.

Yah, that's right about the many projects now moving to BSC and this has given rise to its price surge. The position thing will keep fluctuating until BNB takes the second position, next to Bitcoin. Just mark my word on this. Transaction fees are cheap on BSC, almost next to nothing and not the cut throat extortion that goes on on ETH with gas fees. And it's very swift on delivery. I'm loving this since I started using BSC on my wallet a few days ago.

Quote from: Bttzed03 on February 18, 2021, 10:17:17 PM

You can use Metamask to access DEXes and DAPPs on BSC

I use Trust wallet and the experience is smooth. I just bought some YPanda through the BSC and it was real quick.

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BNB back to 3RD.

F**k with the updates. BNB, DOT, ADA, and even USDT will be interchanging more often because their market caps are just too close to each other. A pullback or a pump from one coin will change the ranking again (just check CMC or Coingecko).

Let's stick to the reasons behind price surge and decline.

Iyeman

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Quote from: Father Bitcoin on February 18, 2021, 11:34:37 PM

If in the future investors prefer the Binance Smart Chain and with the support of unresolved etherium problems, the chances of BNB's growth could be even higher.

The solution already proposed but it's not getting accepted by the miners and this will become the big problem that will be faced by ethereum users. Im thinking about there will be more companies that used ethereum that will be moving to the BSC or Polkadot due to the high gas fees that make the small traders can't afford it.
This problem already happened since a few years ago.

Topic: BNB is No. 4 (3RD NOW) - 4th/3rd/5th again (Read 723 times)