Topic: Ethereum and BNB - page 4. (Read 719 times)

Yes! BNB can easily become a competitor of ethereum coin. Because now new projects are mostly build on BSC (binance smart chain). Because it has low fees, fast speed, and secure block chain. Ethereum is a good block chain but now a days project that are build on bsc chain are more liked then the projects build on ethereum block chain. But ethereum is still on the world second biggest coin according to market capitalization.

IMO, I believe it depends on your perspective, at first I'm an Eth user for a long time already, But when the gas fee problem was surface, I was very disappointed and I don't understand why it will come to that problem, and when the layer 2 solutions have arrived, at first I was not convinced of their worth but when I try it I was amazed because the fees are cheap and the transaction is fast and also my address was the same of Ethereum so, now I strongly believe the Binance Smart Chain and its coin BNB will have a brighter future in the next 4-5 years from now. and the $3000 price per BNB is highly possible in that time because everything is possible in crypto.

will affect market conditions. but in terms of project development, I believe both are doing their best not to lose their market.
The BSC community is growing very fast. whereas ethereum starts very slowly and steadily. that's what makes ethereum has a community that grows very large and is not easy to tear down.
whereas BSC is supported with an excellent exchange platform. this makes their market growth run fast. even their blockchain adoption is also growing very fast with the glitch of ethereum.
BNB will have a hard time catching up on the price of ethereum. but their market growth will have a pretty good comparison.
BNB has something that ETH doesn't.

Thank you.
Many people use the BNB smart contract for me, it is still reasonable as another alternative and it is an inseparable part of the economic concept.
I would be happier if the person who made this post commented on my opinion.

Yes, the BNB chain is alive and well at the moment with many uses, so in general the BNB chain is very good and there is no doubt about its potential in the future, because Binance itself is still always providing the best for their platform so far.

The transaction cost really matters to many small crypto account holders. Like in the past, I can easily transfer coins even worth $5 to exchanges in Ethereum because the cost is below .50$ but right now this is not already possible so I just left many coins in my wallets because it is already unprofitable making them cash. I am then dreaming that wallets like MEW or TrustWallet would also be offering exchange services so there is no need to transfer the asset into another platform. Anyway, with BSC the fees can be negligible compared to that of Ethereum. Now, if things in Ethereum can be "normal" again, then there can be a big "I SHALL RETURN" movement into it.

It's not wrong, what you said is very true because it was proven in the past so that everyone who has been in the crypto space for a long time will admit this, where Ethereum has been much stronger than the past until now, and when it comes to transactions that are bigger, it's because the cost of the BSC network is still very cheap so everyone chooses to use that option in order to save on transaction costs.

I admit that BNB has bigger transactions than Ethereum at the moment. As you said that is a total of 8 times higher than ETH every day.
Based on my knowledge while in this space, before it became famous as it is today, BNB started its journey in crypto by using the Ethereum platform. From there, I think Ethereum is more powerful than BNB.
This is my opinion. Please correct me if I'm wrong.

As long as binance can deal with the regulation to get license for its operation in several countries and i guess this can become the biggest exchange site in the world. The volume can be centralized on binance and the activity on the BSC will increase.
It may happen. Remember that there was a cap for the maximum supply of BNB. that means if it will have less supply than ethereum as the burn was happening gradually.


BNB already had its native chain and here's it https://binance.mintscan.io/

It is really a good comparison. Most of the times the comparison I see between ETH and other blockchains like BSC is always about fee and speed but what has been delaying those projects even before BSC with low fee from beating ETH is what I wonder, could be the ETH team are more experienced and better than others. Binance native (first chain) chain was Bep-2 and it didn't stand a chance to beat ETH until BSC (BEP-20) came onboard after looking like it copied from ETH chain, but even at that, BSC network still faces issues once in a while what then will happen when it last longer. To add to this, POLYGON Chain is already out and their team are doing a very good work already, and projects are already migrating to it, thus standing at a better chance to challenge BSC, therefore I think on the long run, the fight or comparison will be among BSC and POLYGON, none will have what it takes to take up ETH because the London hard fork is already working pretty well, and the proposed upgrade will most likely take care of the high gas fees, thus making ETH more valuable.
Lastly, in terms of BNB price in next four years, can't really be predicted just as that of ETH was not really predicted, but if their team continues working while withstanding the competition coming from chains like that of POLYGON, maybe BSC will stand a better chance at reaching that target.

How BNB will reach $3k according to your capacity as a position trader or maybe an investor, we can't predict the next 4-5 years about the situation of the crypto, maybe something beyond common sense will happen in the future. The BNB coin has great potential in terms of utility in the Binance exchange with the largest trading volume in the world.

It is really hard to see where we can possibly profit from that 2 coins, there are many tokens that relying on Ethereum, while BNB represents the biggest crypto exchange in world, but one thing i can sure both Ethereum and BNB are depending on how Bitcoin moves in the market, no any crypto can resist Bitcoin

Binance dominates the crypto exchange competition and they don't show that they stop their creativity and leadership. There are many exchanges but Binance is the leader and their products are released ahead of other exchanges. They create trend and other exchanges join trends created by Binance.

After Binance Smart Chain from Binance, other exchanges try to create their own chains.

This is very likely to happen, some even predict this year BNB could reach a price of $2,000, but tweeted from Musk about Bitcoin greatly affecting the market, so all altcoin prices fell including BNB.
It takes patience to be able to see our investment in BNB reach a high price, so you don't regret selling too cheap