Topic: What's up with Binance Coin? - page 2. (Read 430 times)
Binance chain may be the future of coin transactions due to ethereum high gas fees and longer transaction time, binance coin have done great in terms of market capitalizations and trading volume. I believe in no time from now most defi project will migrate to binance chain because it solve all the challenge we face in the ethereum network now.
One of the things that has brought binance coins so far is that there is a lot of interest from all coins wanting to enter the Binance exchange, because they are the number 1 largest exchange at the moment. everything will continue
it should not be related to the listing or something related to it. People are looking for the best chain to trade. BSC has almost the same feature as ethereum.The majority of new projects didn't even list on binance and they wanna it caused by the community that supporting the binance ecosystem. These platforms were also avoiding the high fees on ethereum.
BNB prices can exceed ETH if ETH gas does not change, many projects switch to BSC, automatically thus BNB will experience large profits with increased prices,
Binance also offers STake, and farming for new tokens so that is also a factor in the increasing demand for BNB in the market
The adoption of this and the transfer of many projects to BSC did provide many benefits for BNB. it can be seen from the current price which has increased. Besides that, the staking program and IEO made many people still hold BNB. because almost 1-2 months there is an IEO program. and you can bet Binance's IEO is a success. To be able to follow investors, a BNB Hold is required. this is a pretty good strategyBinance also offers STake, and farming for new tokens so that is also a factor in the increasing demand for BNB in the market
It brings good reflection to this coin, with so much offer investors start to realize the big future of this project.
With what we have seen BNB rises up and reach to the 3rd place bringing more interest not just for traders
but most with investors who are looking for passive profits. Hold this coin and take those previledges while
waiting for more price increase.
BNB rose all the way to the moon becoming the third-largest cryptocurrency by market cap. It's now valued at over $230 per coin, becoming one of the most valuable smart contract platforms in the world after Ethereum. While BNB doesn't come nowhere near close as Ethereum in terms of decentralization, and censorship-resistance, it works great for "De-Fi" with its ultra-low fees and blazing-fast transaction confirmation times.
I'm wondering what could've lead Binance Coin towards new heights within such a short amount of time? Does the "De-Fi" hype have to do anything about this? Do you think BNB's current prices are sustainable or not? Your input will be greatly appreciated. Thanks.
Well, price got to around $330+ and it's now on correction. I am cocksure it will spring back and surpass its initial ATH before the end of this first quarters. Also, remember that the surge in BNB price is due to the rush for the Binance Smart Contract as projects have started moving away from the ETH contract. It's going to get even better with time. I expect BNB price to even topple ETH in months to come. I'm wondering what could've lead Binance Coin towards new heights within such a short amount of time? Does the "De-Fi" hype have to do anything about this? Do you think BNB's current prices are sustainable or not? Your input will be greatly appreciated. Thanks.
Outrighly; i believe it is ssafe to say that the dominance of DeFi has contributed greatly to the increase in value of binance coin; what we should meanwhile not ignore is the dominance that has followed the binance smartchain through pancakeswap, julswap, bscex and even the sfp platform. This has caused other dominant platform to switch allegiance to bsc through cross chain thereby increasing value and demand for bnb coin.
Would the hype be sustainable? time will tell
Would the hype be sustainable? time will tell
IMHO, BSC made the revolution which helped the Binance coin to reach new heights from nowhere and it just happened at the perfect time when ethereum smart contracts stuck for long time due to ridiculous fee on ethereum network so people are searching for a better alternative and they landed at Binance smart chain.And also the reputation of Binance exchange is helping the increase further so it becomes unstoppable for a while.
Everything is very simple and clear - users moving to Smart Chain create a demand for Binance Coin BNB. Binance is becoming a good alternative for the expensive and slow working Ethereum, but I think this is temporary and users will go back when the transaction fees decrease.
This is the main reason, I believe! They are competitors of Ethereum for Defi apps, because of Ethereum's problem, which is scalability.A lot of people also worried about Binance Smart Chain, there is some issue about being a centralized ecosystem and that's why the cost of transaction fee there is really cheap and some of the projects in Ethereum are copied and pasted to the Binance smart chain, which for me, it is already a red flag.
No hate here, I respect the pump
Binance Coin has suddenly become popular and attracts many investors, it turns out that the Binance Smart Chain provides a solution that
the Ethereum platform can't provide. The high Ethereum gas fee is utilized by the Binance Smart Chain to attract Ethereum users to switch
to the Binance Smart Chain, which provides significantly lower transaction fees and extremely fast transaction speeds. This is what makes
the price of BNB soar and makes BNB the third best coin today. No wonder the demand for BNB continues to increase every day.
the Ethereum platform can't provide. The high Ethereum gas fee is utilized by the Binance Smart Chain to attract Ethereum users to switch
to the Binance Smart Chain, which provides significantly lower transaction fees and extremely fast transaction speeds. This is what makes
the price of BNB soar and makes BNB the third best coin today. No wonder the demand for BNB continues to increase every day.
I'm wondering what could've lead Binance Coin towards new heights within such a short amount of time? Does the "De-Fi" hype have to do anything about this? Do you think BNB's current prices are sustainable or not? Your input will be greatly appreciated. Thanks.
Binance is the biggest crypto exchange, making up 30% of the entire crypto industry volume. They regularly burn 2% of all BNB tokens every three months, which is very good for token velocity. They know how to do marketing. Their fan base is solid, and their CEO is a prominent and well-liked figure. All this helps the price of BNB increase.
BNB rose all the way to the moon becoming the third-largest cryptocurrency by market cap. It's now valued at over $230 per coin, becoming one of the most valuable smart contract platforms in the world after Ethereum. While BNB doesn't come nowhere near close as Ethereum in terms of decentralization, and censorship-resistance, it works great for "De-Fi" with its ultra-low fees and blazing-fast transaction confirmation times.
I'm wondering what could've lead Binance Coin towards new heights within such a short amount of time? Does the "De-Fi" hype have to do anything about this? Do you think BNB's current prices are sustainable or not? Your input will be greatly appreciated. Thanks.
I'm wondering what could've lead Binance Coin towards new heights within such a short amount of time? Does the "De-Fi" hype have to do anything about this? Do you think BNB's current prices are sustainable or not? Your input will be greatly appreciated. Thanks.
One of the things that has brought binance coins so far is that there is a lot of interest from all coins wanting to enter the Binance exchange, because they are the number 1 largest exchange at the moment. everything will continue
BNB rose all the way to the moon becoming the third-largest cryptocurrency by market cap. It's now valued at over $230 per coin, becoming one of the most valuable smart contract platforms in the world after Ethereum. While BNB doesn't come nowhere near close as Ethereum in terms of decentralization, and censorship-resistance, it works great for "De-Fi" with its ultra-low fees and blazing-fast transaction confirmation times.
Binance and Binance Smart Chain give people alternative options, chains to move their coins, tokens with lower, much lower, very cheap transaction fees. The contribution is used to shill Binance and BNB and people have more belief in the future of Binance, BNB. Price has risen a lot because of contributions, belief and manipulation.Quote
I'm wondering what could've lead Binance Coin towards new heights within such a short amount of time? Does the "De-Fi" hype have to do anything about this? Do you think BNB's current prices are sustainable or not? Your input will be greatly appreciated. Thanks.
DeFi hype can contribut indirectly. Binance list loads of DeFi tokens on their exchange and as classic rule for capital flow, people will move their capital from bitcoin to old altcoins, new altcoins and DeFi tokens. When they get big profit from DeFi tokens, they are more flexible to accept high price from other assets exclusively BNB.
Just a week before I saw how BNB move up to $196 and now continued to rise to $230. Not just that, its defi coins like cake also performed well. It's just amazing that BNB showed competitive movements and most likdly can be compared to eth when it comes to their smart contracr platforms.
After that defi partnership with Binance, those defi coins continued to rise as well as the bnb coin as it turned out that the partnership goes well with these rapid growth price increase.
After that defi partnership with Binance, those defi coins continued to rise as well as the bnb coin as it turned out that the partnership goes well with these rapid growth price increase.
The BNB pump is due to the timing of CZ shilling BNB during the DeFi bullrun and the growing popularity of BSC after the hackathon. It is just benefiting from the leverage of being Binance promoted otherwise there are a lot of other alternate chains. CZ has the funds to pay for crypto twitter shills and youtube influencers. The small investors who made money in DeFi run are jumping onto BSC too.
There shouldn't be any issue as long as you cash out your positions. It is all very new and people could easily lose fortunes if they are not careful with the pumps and dumps. Additionally, BSC is completely centralized so there is that. It is essentially going to be another cash cow for Binance as nobody cares if it is centralized. Like all Chinese businesses, CZ copied everything from ETH in terms of the look to ensure that people tired of high ETH fees embrace it.
There shouldn't be any issue as long as you cash out your positions. It is all very new and people could easily lose fortunes if they are not careful with the pumps and dumps. Additionally, BSC is completely centralized so there is that. It is essentially going to be another cash cow for Binance as nobody cares if it is centralized. Like all Chinese businesses, CZ copied everything from ETH in terms of the look to ensure that people tired of high ETH fees embrace it.
The defi could be the side reason but there are some reasons why binance was growing so hard even when another did small increase.
1. Binance chain is having very small fees
2. There are lots of utility usage of binance coin
3. Binance was also regularly doing burn
4 You can earn so many advantage from the various platforms use BNB like cake and many more. That's why BNB was getting hyped due to the these reasons.
1. Binance chain is having very small fees
2. There are lots of utility usage of binance coin
3. Binance was also regularly doing burn
4 You can earn so many advantage from the various platforms use BNB like cake and many more. That's why BNB was getting hyped due to the these reasons.
There is an exodus right now from Ethereum to the BSC platform which can certainly be helping the BNB coin to gain more leverage, and we know that the more users there are in BSC the more that they gonna be using BNB for any transaction...the same way that happened with Ethereum when DeFi exploded. The biggest reason for the shift is of course the incredible high gas fees in the Ethereum network. I think yesterday I saw the announcement of 1inch that they are also adopting BSC in addition to Ethereum within its own ecosystem. This is a big move and can be signalling others to adopt BSC though not necessarily wholly rejecting Ethereum.
I'm wondering what could've lead Binance Coin towards new heights within such a short amount of time? Does the "De-Fi" hype have to do anything about this? Do you think BNB's current prices are sustainable or not? Your input will be greatly appreciated. Thanks.
Yes definitely defi triggers the bnb price too. But from what I remembered they are started to pump before their IEO launchpad of safepal. This is due to the changes of the IEO mechanics which changed from lottery to accumulation of bnb the many you hold the more chances to get the token on your allocation. Also this period start or marked the trending of BSC due to gas price of eth network. People transfer from those aching fees to bsc network due to those small fee on Binance.
I think it's just supply and demand. Ethereum can't provide what people want right now which is faster transaction and cheaper fees, Binance Smart Chain can do that. The fact that Binance is the largest exchange we have right now and that they actually made it easier for ETH projects to migrate to their chain means that they'll have people flocking to them in no time.
It's a smart move for Binance to provide these, especially the demand for cryptocurrency is at it's highest this year.
It's a smart move for Binance to provide these, especially the demand for cryptocurrency is at it's highest this year.
BNB rose all the way to the moon becoming the third-largest cryptocurrency by market cap. It's now valued at over $230 per coin, becoming one of the most valuable smart contract platforms in the world after Ethereum. While BNB doesn't come nowhere near close as Ethereum in terms of decentralization, and censorship-resistance, it works great for "De-Fi" with its ultra-low fees and blazing-fast transaction confirmation times.
The answer is Binance Smart Chain.
I'm wondering what could've lead Binance Coin towards new heights within such a short amount of time? Does the "De-Fi" hype have to do anything about this? Do you think BNB's current prices are sustainable or not? Your input will be greatly appreciated. Thanks.
Yes, it's a combination of factors and I would say that Defi is one of them. But as far as sustainability, it the current state of the market which is very bullish, I think it can still rose to even 4 digits. And I'm sure CZ will continue to tweet with his pet project and will totally focus on it in the next coming months.
I'm wondering what could've lead Binance Coin towards new heights within such a short amount of time?
Binance Smart Chain.Does the "De-Fi" hype have to do anything about this?
Yes, because of those projects that are choosing BSC over ETH (ERC20). It's more efficient for them and have lower fees and that made BNB put into a crazy ATH.Do you think BNB's current prices are sustainable or not? Your input will be greatly appreciated. Thanks.
It is sustainable, it has once reached $300 and its current price seems stable and calm. 
BNB prices can exceed ETH if ETH gas does not change, many projects switch to BSC
It is not impossible, I know there is a chance for BNB to overtake ETH. However, it needs a process and a long journey, I am not sure if it can happen in the near future. Not all projects want to switch to BSC directly, some may need time to monitor the trust of BSC. Or some still hopes and wait for the change on Ethereum's gas fees. Jump to: