Topic: Can Binance beat Ethereum - page 9. (Read 3050 times)

eth has a large community so I also think that eth will continue to hold on to its position. besides binance is a coin exchange, and for me it would be better eth in the development of crypto because their technology and binance focus on exchange problems so far they have always been talked about a lot.

I don't think ethereum will slip too deep. after all, when a decline occurs in ethereum you will see several other altcoins will experience the same thing. some altcoins that have good trading volume also in the current conditions are still dependent on the state of bitcoin.

I think before we pick up ethereum we should pick up some other coins above it. It might be possible for it to overcome ethereum but that will be when ethereum slips below it.

That's certainly true, mate. Despite Binance's success in the crypto/Blockchain industry, its own blockchain network is years behind Ethereum. The world's second-largest cryptocurrency by market cap has a lot of backing from both developers and individuals alike. It'll take lots of effort for BNB to compete with the likes of Ethereum in the mainstream world. It's like saying that Litecoin or even Dogecoin will be able to beat Bitcoin in the long run. Cryptocurrencies with first-mover advantage on the market (like Bitcoin and Ethereum) have greater recognition and mainstream adoption than those behind it.

With Binance Chain's integration of smart contracts, the BNB cryptocurrency will greatly resemble Ethereum in every way. The main difference is the way they're organized, either decentralized or centralized. Ethereum (which is decentralized) will still be in the headlines, while BNB (centralized) will be considered as an alternative smart contract platform just like EOS, TRON, and Cardano are known in the crypto/Blockchain space today. An advantage of BNB over ETH is regulatory compliance, which might lead companies and businesses to launch securities on it rather than Ethereum itself. But we cannot deny that ETH will have the best tokens and dApps on its platform, as developers value decentralization/censorship-resistance more than anything else.

Nonetheless, BNB won't be going anywhere for a very long time if Binance continues to support it. Prices per BNB will always be high as it's a utility token. It may never gain the level of mainstream adoption as Ethereum in the long run, but it'll still be actively used by Binance customers. BNB could complement ETH in every way, because of its unmatched performance for the deployment and execution of smart contracts on the Blockchain. The same way, ETH could complement BNB when people are looking for a truly censorship-resistant way to interact with dApps. At least, we can choose from one coin to another based on our needs. In the event Binance ceases its operations, BNB will fade into oblivion leaving a clear path for Ethereum along the way. As long as Blockchain projects work together to make crypto land a better place, nothing should go wrong. Just my opinion

Well I didn't think that bnb will surpass that fast the ethereum they need to work for more, ethereum has a success stories it was a long way to run before it happen because bnb has exchange tunning IEO, has a binance dex but still ethereum remain on the position of it, if they do something new maybe the price will goes up?

BNB is trying to achieve that too and that was why a DEX was created for it. Although that was a good thought and step taken by CZ, no matter how much he tries to list more projects that use Binance Chain on it, BNB can not still surpass ETH.
not many projects that stays on it for long and in as much as ETH is still accommodating for more projects, it will continue to remain relevant and will keep maintaining its position.

It's not necessary, what's necessary is that BNB will rise in value so it will increase its marketacap, the ranking is only based on marketcap.

here's there respective marketcap based on https://coinmarketcap.com/.

Binance Coin $2,661,627,841
Ethereum $23,388,367,372

Therefore BNB has to rise, therefore if BNB will rise 10 times from its current price, it will already beat Ethereum in the ranking, and that price BNB will get is just below $200, lower than the current price of ETH now.

Agree with you, he doesn't understand ETH and BNB. He should find out everything carefully before making judgments, to me BNB will not be able to beat ETH. If possible, BNB will surpass ETH in price

We need to see this first and the reaction of the people in crypto, if this is a success then maybe we will see ETH pump and might not rely on bitcoin to achieve that. It's not that because ETH is rank at number 2 now, it's irreplaceable, remember it was replace by XRP at some time in the past, ETH just reclaim its rank and held steadily.

I don't think Binance can overtake the Ethereum, there have more coins that Binance needs to overcome first to get close to Ethereum. Binance platform, the ecosystem is great, no doubt. It is the most updated crypto network, they never stop developing! In the next couple of years, if binance continues these developments, then Binance maybe will overtake the Litecoin or Bitcoin SV in market cap, but it can't replace the Ethereum's position! As Eth 2.0 will be launched in this year, so, that will boost the Ethereum blockchain, and Binance will be a fan of Ethereum, not a competitor!

Can Binance defeat Ethereum? can never bro. because they are different, so don't ever compare the two and you should first find out the difference between ETH and BNB

I Don't think binance can beat ethereum. Because countless bitcoin buyers and sellers mainly benefit from peer-peer retain not at all uniform heard of BNB, though they recognize ethereum fully and trade it. I enjoy been educating them about binance for the reason that of its buoy up for about fiat and has extraordinarily important liquidity with outstanding consumer service. Binance is a fantastic substitute but ethereum is a dependable mission with a advantage group of people

Agree, maybe BNB Coin price growth has been amazing since it was launched but ethereum has become the second favorite coin after Bitcoin. It is possible that in the next few years BNB Coin will be able to overtake ethereum in price but it will take time and hard work from the team.

Binance is great & is eating the big portion of this crypto cake since late 2018.
Nothing beats Binance when it comes to exchanges.
Will it beat Etherum itself, don't think so man. BNB is worth a lot yeah & can be worth even $100, it deserve it but this is not gonna happen any sooner, not even in the next couple years, in the long run, if this crypto business stays still, BNB may reach the $100 level mark (talking about 3 - 5 eyars from now).

From the data of coinmarketcap, we know that ethereum have the 2nd most market cap.
I think it will be hard for bnb to surpass eth market cap because eth total supply will keep increasing (have no fixed supply).
Ethereum blockchain is used by many platforms, so the price will be stable at the top.

Ethereum and Binance both are a profitable project. Binance product has grown a lot. But it is less than Ethereum. Where the market capitalization of Ethereum is $23,894,005,904 USD, and the other side the capitalization of the Binance is $2,741,092,821 USD only. Both also have a good development in each record .

You compare completely different things. The purpose of coins is different. I don't think BNB can ever beat ETH. However, this does not negate the fact that BNB is a good, widely used coin.

Binance is rapidly spreading its business that is really good for the well being of cryptocurrency. Yes BNB trading started $0.1 and hit $39 in May 2019. Binance is really worth of acquiring 3rd place at any time but it is very difficult to beat ETH in the near future but in the long run, it can beat ETH.

Binance will not be able to compete with ethereum because, at this time, ethereum has many users and is supported by many developers.

Coin Binance is not supported by developers yet, and only a few use the Binance chain.

You made a very good point, but you need to consider the fact that binance has grown to be more than just a cryptocurrency exchange. They've been making substantial movement in the cryptocurrency space and getting a smart contract is more closer than it seems.