Can Binance beat Ethereum - page 16.

Hippocrypto

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Quote from: OrangeII on February 09, 2020, 12:38:09 PM

Quote from: michellee on February 09, 2020, 03:29:10 AM

Quote from: miklesm on February 09, 2020, 01:54:38 AM

I do not think Binance will beat Ethereum, at least this year. Binane is actively developing its ecosystem, but Ethereum is one of the most convenient and widely used blockchains in the world with a huge developers community.

Binance needs longer to beat ethereum. People still interesting in having ethereum than binance because ethereum can give a bigger profit than binance. But binance cannot be forgotten because binance have the chance to reach more investor in the future. But everything will happen in the market, and we don't know the truth because binance can beat ethereum if binance can beat the other coins price first then beat ethereum price. Besides that, ethereum still at number two at CMC, and binance is at number nine position, which is a big gap to beat the position.

basically, ethereum and BNB have different functions, so they cannot be forgotten and will be needed by crypto users depending on their needs. however, to date, the development of ethereum is far more advanced than binance coins. however, binance coins are very useful in binance, whereas ethereum is very useful for developers. I think binance is very difficult to catch up.

We can see that in the current market situation, that binance doesn't showed better growth as to compare with eth nowadays. Last year was the persistent catch of binance, but now it's nowhere to be found. Now that we're in 2020, ethereum has been showing great market influence even though there's a struggles happening because of many FUD and other factors that hinders ethereum growth. I loved to see in the upcoming days, eth price will soon perform the best that it can while it's following the path of Bitcoin.

Viscore

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As of now, based on my observation, Binance has been more bullish compared to ETH, just today, Binance had 9% increase while only has 2%.
If BNB will move the same pace, it might surpass or beat ETH in the long run, but it won't be easy for sure.

Right now, I am just so happy witnessing how this market turn into a bullish market and its already 1 week if I am not mistaken that the market has been moving positively.

leatutz

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Quote from: fib123 on February 06, 2020, 10:29:15 AM

Binance coin was hit to Coinmarketcap around 25 Jul, 2017. At the time BNB was trading nearly $0.10 with 10 Mln USD market cap, trading at its own Exchange Binance. whereas at the same time Ethereum was trading around $225 per Eth, having more than 21 Bln USDT Marketcap. Later on Ethereum Blockchain was well in business and marke its all time high price $1368 per coin and its market was cap was above 132 bln usd. This time was early 2018 and all market was at its peak. People were expecting about Ethereum will soon overtake Bitcoin and this all was due to Ethereum Blockchain adoption for new ICOs launching with the help of smart contract of Ethereum Blockchain.

But this all was slowdown gradully due to fake ICOs. With all this happening entire market was in downtrend which is still continue. Where this was badly effect whole crypto market but Ethereum was also in correction and this was lead its value to the agin under $200.

Now here is the other story of Binance. In the same time Binance was in serious busniess and its addoption was over the Moon. So, Binance was in race of becoming World No.1 Exchacge by beating Bittrex and it done the job, the other side its Binance coin was making business day by day.

Binance management very smartly engaging its native coine into miltiple purpose and make it one of the best cryptocurrency in Bolckchain Industry.

We all well aware how last year Binace utlise its Exchange and develop their Binace coin market. Here i want to mention some core businesses operating by Binance Team.

Binance Exchange
Binance DEX
Binance Chain
Binance Fiat services
Binance Launchpad
Having giant partners

Binance acquire Trust Wallet, WazirX Indian Market.

Binance coin will make history buy using like these above mentioned features and many more.

I think someday BNB will beat ETH, What you Think

Binance coin bullrun was really good even last year Binance coin was up to 35 USD from 4-5 USD. You know Binance has own stable coin "Binance USD". For this reason all users suggest fresh coin for high profits. From fresh coin you could earn good profit but isn't means that good token always has good future.

deeameea27

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Why all people think about crypto competition , is not good to have only one coin for something we should have more and why not all crypto to give profit that is the way i see crypto should work, to have more coins for every domain and more coins that have same way of work, but not 100 i preffer maybe 3 coins on same niche.

Wintersoldier

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Quote from: ije07 on February 09, 2020, 12:28:58 PM

anything in the cryptoqurrency market can happen at any time including altcoin BNB. but now we can see that the price of Ethereum has recently begun to recover slowly and can even exceed $ 200 and it still continues. and I think this is a good start for the growth of Ethereum. while I also have no doubts about altcoin BNB, because BNB has great potential for investment.

Both Binance and Ethereum are great altcoins, but recently Ethereum's price is really starting to recover slowly or make a sudden improvement the same as bitcoin, so it is impossible for Binance to beat Ethereum today. Binance is also continuously having a great development and innovation as a coin, that is why it really has a potential to grow that most investors put a lot of trust to it.

Baimovic

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talking about BinanceCoin is a big altcoin and not much different like Ethereum, like having its own platform and also having a large community. according to my personal observation both altcoin both have great potential for investment in the future, but for now I think BinanceCoin is difficult to beat Ethereum in terms of price and the fact that Ethereum still dominates the Altcoin market.

wack slacker

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Binance is creating their own ecosystem. It is possible that the value of Binance will be higher than that of Ethereum in the crypto capitalization rankings, but let's take a look at the popularity of Binance and Ethereum. Historically, Ethereum has an advantage and has many users. We can create a token at a very low cost on Ethereum but with Binance creating a token is much more complicated and costs a lot.
Ethereum tokens are easily listed on exchanges, while Binance's tokens can only be listed on Binance DEX.
Ethereum is more known, easier to use, and there are many miners watching Ethereum. I think Binance is a rising star but it will be difficult to beat Ethereum comprehensively.

OrangeII

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Quote from: michellee on February 09, 2020, 03:29:10 AM

Quote from: miklesm on February 09, 2020, 01:54:38 AM

I do not think Binance will beat Ethereum, at least this year. Binane is actively developing its ecosystem, but Ethereum is one of the most convenient and widely used blockchains in the world with a huge developers community.

Binance needs longer to beat ethereum. People still interesting in having ethereum than binance because ethereum can give a bigger profit than binance. But binance cannot be forgotten because binance have the chance to reach more investor in the future. But everything will happen in the market, and we don't know the truth because binance can beat ethereum if binance can beat the other coins price first then beat ethereum price. Besides that, ethereum still at number two at CMC, and binance is at number nine position, which is a big gap to beat the position.

basically, ethereum and BNB have different functions, so they cannot be forgotten and will be needed by crypto users depending on their needs. however, to date, the development of ethereum is far more advanced than binance coins. however, binance coins are very useful in binance, whereas ethereum is very useful for developers. I think binance is very difficult to catch up.

kambaralikhan

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I think BNB can't beat ETH and this is how I support my judgement. BNB is a coin whose backbone is Binance exchange and nothing else and if anything happens to Binance exchange like e.g hacking attempt of any reputational damage to Binance exchange will have a direct adverse affect on BNB but ETH is a whole economy in itself, ETH is a coin who has it's own blockchain and so many altcoins are developed on ETH blockchain so ETH is far far ahead of BNB and I see no comparison between these two cryptos.

ije07

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anything in the cryptoqurrency market can happen at any time including altcoin BNB. but now we can see that the price of Ethereum has recently begun to recover slowly and can even exceed $ 200 and it still continues. and I think this is a good start for the growth of Ethereum. while I also have no doubts about altcoin BNB, because BNB has great potential for investment.

Mpamaegbu

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I must say, I loved your write up as it was direct and very interesting to read. You earned a merit from me. BNB is a token and will already be a token since it's utility ends on the Binance exchange while as ethereum is a force of its own that have shaped cryptocurrency industry into what it's today. Without ethereum, Binance won't have even been born since it's due to ethereum developing a crowdfunding smart contract that Binance was able to raise fund to build the exchange dominating the industry today. Ethereum will always have more utility purpose than Binance coin therefore it shouldn't be disrespected with this kind of comparison.

Your submission aptly captured my thought, except for the last paragraph which I expunged. Beyond all that we shouldn't take away anything away from the ingenuity of the Binance team and how fast they were able to turn a less than 15cent coin into an ATH of over $40 in less than 3years. BNB will continue to soar in price but it will be a tall order to expect it to shake off ETH on the list.

fib123

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Quote from: Kunnu on February 08, 2020, 02:37:15 AM

The improvements in ethereum network is the most important reason of the growth of eth which is unstoppable and going in a positive way that's why its adoption graph is massive and I think the value of bnb is depend only on its hype so it's really hard for bnb to beat eth.

If Ethereum will bounce back with its upcoming planned developments like Ethereum 2.0 then its good for their plateform. But if still not done some impressive or community favor steps it will be tough for survive in upper position.

heidikim

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Ethereum is experiencing a new excitement. Binance is a serious opponent with keoini. However, Ethereum is an emerging technology. Ethereum's development process is naturally progressing. Every entrepreneur can develop projects on the Ethereum network. This is a huge advantage.

sisule

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Quote from: michellee on February 09, 2020, 03:29:10 AM

Quote from: miklesm on February 09, 2020, 01:54:38 AM

I do not think Binance will beat Ethereum, at least this year. Binane is actively developing its ecosystem, but Ethereum is one of the most convenient and widely used blockchains in the world with a huge developers community.

Binance needs longer to beat ethereum. People still interesting in having ethereum than binance because ethereum can give a bigger profit than binance. But binance cannot be forgotten because binance have the chance to reach more investor in the future. But everything will happen in the market, and we don't know the truth because binance can beat ethereum if binance can beat the other coins price first then beat ethereum price. Besides that, ethereum still at number two at CMC, and binance is at number nine position, which is a big gap to beat the position.

Maybe binance only two years old and need long time to beat ethereum and cross with higher price, is not easy when binance coin with short time could beat ethereum price, how ever need new way how to make investor really like with binance coin with always burning and buy back binance coin on he market, or giving space for staking system with binance coins.

michellee

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Quote from: miklesm on February 09, 2020, 01:54:38 AM

I do not think Binance will beat Ethereum, at least this year. Binane is actively developing its ecosystem, but Ethereum is one of the most convenient and widely used blockchains in the world with a huge developers community.

Binance needs longer to beat ethereum. People still interesting in having ethereum than binance because ethereum can give a bigger profit than binance. But binance cannot be forgotten because binance have the chance to reach more investor in the future. But everything will happen in the market, and we don't know the truth because binance can beat ethereum if binance can beat the other coins price first then beat ethereum price. Besides that, ethereum still at number two at CMC, and binance is at number nine position, which is a big gap to beat the position.

kaneki007

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I think its can and we don't know in the future whether this will happen or not, but if it happens it feels like it take a long time. Indeed, the development of binance is very rapid only in a period of almost 3 years after they were released. But Ethereum is also not lost in terms of their development will release Ethereum 2.0 in the near future.

rodskee

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Quote from: fib123 on February 06, 2020, 11:37:57 AM

Quote from: shinratensei_ on February 06, 2020, 11:27:05 AM

Ethereum is a public opensource blockchain while binance is not an open public blockchain which will be much more difficult to be adopted.

It has a chance but not for this time.

Agreed with this concern Binance is be like some centralized, here is also IEO and new listing matters if they will consult on merit then its will not hurt their market impact otherwise story can be different.

Ethereum wont be replaced by binance for sure,not like BitcoinCash in 2018 when it defeated ethreum for couple of times,binance has no power for this.
Ethereum will remain as ranking 2 currency in crypto space until there is another one that will bring public open source more than ethreum.

Quote from: miklesm on February 09, 2020, 01:54:38 AM

I do not think Binance will beat Ethereum, at least this year. Binane is actively developing its ecosystem, but Ethereum is one of the most convenient and widely used blockchains in the world with a huge developers community.

And trusted by more platform now,not to mentioned ICO’s that has been using this for long time now.i am sure that eth will maintain this popularity and also the rank.

qazgroup

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I agree that Binance is growing nicely with a lot of successful services and official operations in a lot of countries around the world but i do not think that it has something to compete with Ethereum because Ethereum is a unique blockchain based project which can not be classified or compared with exchange based project like binance, Eth 2.0 is also coming in few months that will make Eth fly.

miklesm

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I do not think Binance will beat Ethereum, at least this year. Binane is actively developing its ecosystem, but Ethereum is one of the most convenient and widely used blockchains in the world with a huge developers community.

bryant.coleman

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Investors are madly flocking to Binance coin (BNB) and they are ignoring the risks that are involved in investing in this coin. First of all, BNB is heavily dependent on the health of the Binace group of exchanges. If the exchange goes down, then this coin will become worthless. And secondly, Binance exchange is heavily dependent on the IEO revenues. For now, the IEO market is in good shape, but we are witnessing some signs of fatigue. The valuation may take a hit, if the IEO market undergoes a slowdown.

Topic: Can Binance beat Ethereum - page 16. (Read 3050 times)