Bitcoin Forum

BNB is probably the most impressive altcoin now, it's rising steadily and on its standing now, I think it will be a big rival of ETH and might soon replace ETH in the rank 2 spot.

What do you think are the reasons for this pump? I know we there's a lot of reason since Binance has been providing us with their development transaprently, I'm asking for a big reason now and news to come.

the reason why it steadily goes up these past 2 months due to burn event that will happen in the end of this month. speaking about going to take Eth spot, based on coinmarketcap Bnb needs to go at least 3x from where it is now in order to dethrone Eth from 2nd place but is it possible for Bnb to do that this year when Eth is going to release its killer move called Eth 2.0?
in my opinion, it is very unlikely because once it goes live. people will migrate back using Ethereum network instead of Bnb.

It's obvious, next target will be 600, then 700, 800, 1000 and 2000. Until it reaches and passes ETH there will be bigger price targets. We just don't know when.
Nobody want to pay ridiculous amount of fees anymore. You can do 200 transactions in BSC or 1 transaction in ETH, choose wisely.

Well, I think that's a realistic target but will ETH stay at $2k? I also believe that ETH has a huge follower and they can pump the price as well. If we look at the short term movement, it may look like  BNB is overvalued, but with the reasons posted, I think it's just right for BNB to pump this high.

In that case, ETH has to upgrade to compete with BNB.

Maybe BNB pump is because BSC become popular and many projects change their base to BSC.
BNB is the biggest competitor for ethereum and as long as ethereum does not have any significant update, the ethereum position will be in danger and BNB can replace the position in a short time.
We do not know when BNB can increase to $500 but if that price breaks, BNB has a chance to lift the price to the next high price.
The price now is still good to buy but be careful because I think there will be a flash dump that might happen later.

BNB will reach $600 before it corrects, and I don't think big news will be needed to reach this level is just that the market is still in a bull run and good coins/tokens are contribution to the uptrend. BNB has the chance to replace ETH on top 2 position, now that they offer a more convenient and cheaper network, I'm sure many projects are in contacts with BNB right now, the sky is the limit.

$600 is coming as BNB token burn is happening any day now. So, should be buying BNB and it's always a good idea to hold whether you're using binance account or looking profits. BNB sure is looking right now, the popularity is making BNB sky rocket and it will probably carry on $600 at least. The popularity won't drop anytime soon because it's going to replace ether soon.

What is reason why btc, eth pump? Because investors find it profitable enough,  it is not because people find btc or eth tech more useful, 
Bnb is pumping because investors are profiting from it, at current price many investors are willing to buy because they believe it will go higher in future, it is all about speculation and maximising profit.

1. Token burn
2. Massive demand for ieo (people know binance IEO as a way to flip their money to be doubled, tripled or even more)
3. Utility usecase
4 BSC ecosystem is growing so fast due to the scalability problem on ethereum.

I thought that 1k should be a reasonable price to be achieved by BNB in the next quarter. Binance was growing from 100 to the more than 400 in a short time.
BNB was also actively expand its service.

After BNB reach $500, i think the next target BNB can reach $1k, after that all of Binance's Coins are gonna become hit too such as BAKE, CAKE, etc.
i think Binance will keep growing in the short time, because Binance really proved their quality in maintaining and become the huge crypto exchange, the fee is quite low too. so yeah, i think BNB will keep huge and keep breaking ATH.

I think if BNB has reached $500, then $600 to $1000 will be achieved, because considering that BNB is currently in positive trend, and they offer more comfortable and more efficient network, of the course this will attract traders and investors, with over a time Binance will develop to rival the greatness of the etherem ,,,,

In the near future BNB has experienced a big pump with the burning of tokens it could be that this makes the tokens higher because burning can increase the price in other ways.
Actually the news about BNB continues to provide many opportunities for its investors, especially now that it reaches a new ATH where $ 500 in a few days may soon be still that level, but I just saw how the Binance smartchain network is widely used I think with this effort it can improve. BNB quality is much better than ETH.

The use of binance smart chain is increasing day by day and almost every new project is being launched on it. That's why the price of bnb coin is rising steadily and soon it could be more than $500. IMO

Honestly about ethereum, we're tired of its high fee ... I don't know why the team hasn't been able to stabilize it yet.

Bnb coin growing up too fast apart from any altcoins Btw i don't think it's overvalued, team did many hard work for now we see that the result. Binance launching many IEO project, massive people's buy BNB and stored to entry in launchpad projects as a result BNB demand increasing.

BNB token supply reduction, high GWEI in Ethereum network, these reasons also helps to increase Binance demand.
 

Binance as a platform itself really makes the effort to make the coin's value even higher. That's the reason why there's a massive increase for this coin and also, they're burning tokens which lessens the supply and making the price even more worth it. It just so happen that most of the investors are into Binance these days and taking advantage of owning BNB that gives additional benefits while staying on their platform. Binance is giving it all and understands how the market will react about their features of farming and staking.

almost all predict that BNB will become the next Eth. I am sure that for BNB it is not difficult, considering its popularity is increasing day by day. boosted by several BSC-based altcoin launches adding huge interest to BNB.

Several new project launching everyday based on binance smart chain platform. And I think the growth of BSC ecosystem is the main reason behind the price rally. New IEO project helping significantly in that case. I didn't expected that BNB will reach this position within short time. I thought it may reach upto $150 while the price was around $30 last year. But now I'm too much optimistic about BNB price. $500 isn't far away and it will reach above one thousand dollar quickly as you said.

Binance coin set its sights on the throne of ethereum. bsc network continues to expand at the same time, the volume during the day has increased enormously in recent months. I think the binance coin will reach the 1000 dollar price range very easily.

the value increase because the burn even on BNB, i think its not hard for BNB to reach about $1000
but in my analysis not in this Q2 mate, maybe in Q3 BNB price will hit that price level
regards

Theres a lot of good reason to hold BNB, its foundation is very strong and the network consistently growing because of mass adoption. Projects migrating from ETH to BSC is something to look forward, honestly a $1,000 per BNB is still very conservative.

Good news for BNB holders and to give more confidence to collect more BNB. We are very enthusiastic about welcoming BNB, which will soon join ETH. There is no mistaking it with the burning that continues to be carried out, so it is possible that this year we will witness a significant increase. So, there's still time to get hold of BNB, before it jumps to $ 500 or even more. Gradually BNB will be at the most ideal stage.

Looking at the daily growth in the price of BNB, I believe $ 1k is not impossible...
Altcoins season is starting and almost all Altcoins have experienced a significant increase, many 'shittoken' have also increased too 'lol'. BNB is an altcoin that has great potential and may well overtake ETH.

This is the edge right now of BSC network over ETH. With their economical fees, developers are choosing their network to create their project. However, I hope, BSC will not be full of crap projects later on. With the congestion in network, that's when issues arise. I don't know if BSC platform has certain restrictions for a project to create under their network. And right now, BNB has high potential to increase more in the next coming months.

Definitely,  no doubt it could happen one day, the rate of increase of BNB is so fast, as the hype is on, nothing is impossible and altcoins season is already here, just like before, any coin or token could pump, and you are right even shitcoins could pump at the current situation.

As ETH has been critized with their high fees, BNB is taking the praise, and thought its centralized, people doesn't care anymore as fees are lower and that would attract investors that using the ETH platform.

Some bounty campaign is already using binance network as an alternative for ER20 and it means BNB is become a good competitor for ETH network.

This is why I believe behind the BNB price is always increasing even can reach $500 as its new all time high even its price movement still showing a good indication to increase more.

Also, now I never use ETH network anymore to sending my coin or to withdraw my fund to money fiat. I only use binance smart chain because its fee still low rather than I use ETH network.

Will soon :)
I don't believe that even though they are outperforming their opponents at the moment, but the problem can be solved in the future.

BNB is one of my favorite coins, I started to get my friends and relatives to buy it when it was still around $ 10 and now I feel for BNB in ​​this growth as low as $ 1000.

It can possibly happen, because i see there are a lot of benefit that given by BNB or maybe it's BSC, like we can use it in launchpad, or maybe lower fee than if we use ETH chain, maybe in future almost all people will change to BNB or BSC Chain and ETH can be possibly not used anymore because for simply case  like fee, BNB or BSC is better.

even now, I feel that BNB is catching up to the ETH position very fast. Well, the current price developments I think are normal for Binance. its development from day to day is truly impressive. besides that, BSC has also become a platform that is being targeted for developers today. I think the BNB price will continue to increase at this time. this looks like BNB has started to master several angles of crypto such as markets, platforms, and others. sooner or later I'm pretty sure the BNB price will be above $ 1k.

Maybe $1,000 will be the next challenge for BNB to reach because BNB is on the way to go to that price. But BNB needs more time to reach it as we know that after the price hits the highest price, it will go down for a while and needs to take a break and get more support to help the price start increase. Maybe $1,000 will happen in this month or next month, but BNB can get that price. With many projects moves aside to BSC, that gives help for BNB to increase and the BNB market will grow.

I think BNB will keep pumping along with FTT token until the COIN listing next week. And depending on how Coinbase trades during its IPO week, we will see something similar for BNB/FTT. So bear in mind that if the COIN launch ends up being a huge dump, then most likely the same with happen for BNB. Regardless of what price BNB is at the time or what BTC is doing.

These exchange tokens are very speculative and volatile right now and they are highly risky to trade with leverage. So make sure you just buy on spot. Because when the markets open and it goes live with the COIN stock listing then things can get pretty crazy.

Predicting what will happen? Who knows. Maybe it will be a blow off top, maybe it will keep climbing steady. We will see.

There are partnerships in Europe, the native token is the only currency that you can buy with good project in their launchpad,  so the demand tightens, making the price extremely high with all that greedy investors. Still, its price is low and can surely pass ethereum.

Yes, I agree with you and I also waiting that moment because BNB is one of my favorite coins But BNB needs more time to reach it as we know that after the price hits the highest price, it will go down for a while and needs to take a break and get more support to help the price start increase.

Yes.  Gas is one of the inherent disadvantages of ETH that for this reason the user base has been heavily redirected to BSC.  Right now, BNB becomes a heavyweight competitor, challenging the upgrade from ETH 2.0.  The pressure is so great until the final stage of the upgrade of ETH 2.0, BNB will probably still increase strongly in the near future.
In addition, burning will be chosen by CZ to further boost the value of BNB.  $ 800 is not impossible.

Why do people keep thinking that there is really a method we could actually make a profit and then we have to stop? What is this questioning about why it should stop or should it stop. Did we say that "if bnb reaches 50, what's next?" no we didn't do that, did we do "if 100, what then?" no we didn't, not when it was 200, not when it is 300, and not when it reached 400, and now I am not going to do that 500.

My only goal is higher, doesn't matter what the price is, if it can go to any price at higher level that means it could go even higher. If it can go to 1000 dollars, why not 1100, what makes it 1000 but not 1100? There is nothing, which means if we can go to 500 that means we will go to 700 too, and that means we can go to 1000 too, and it means we can go to 2000 as well. There is no reason and there is no way it will stop and that is why I will keep holding.

It's just Binance that's behind BNB really eager to make the value of this coin going up. All those efforts including burning coin, launchpad crowdfunding using BNB, all the while developing an alternative blockchain to ETH called BSC now it's just getting more and more popular it's just obvious why it gets pumped again and again. Many people also think it deserve the value of $1000, there are BNB fanatics aswell but if you ask me the main cause of pump maybe I'd say it's because the launchpad crowdfunding that uses BNB like a lot, also there's staking etc.

The only thing that holding it back though, the fact that it's centralized, it could go south like anytime.

Honestly, this is one of the main concern, for centralized coin in a decentralized space to succeed does not make sense, maybe BNB are just overvalued at the moment and ETH would really pump more than BNB can are doing once their ETH 2.0 is successfully launch. People have been talking about it that it will resolve the high fees problem, but until now it's not yet fully implemented, but still good for ETH as its stable and it has also pump in this bull run period.

Probably. But let us see first. Right now struggling to maintain strength above $500 as it is still hovering but this could be because BTC itself is having problems to overcome 60k.

I think we need to wait for more BTC to lock itself on Binance Smart Chain first before we see a next milestone for price gain.

Not a fan by the way,,, just watching;)

The reason behind of this full swing of alts especially top altcoin in CMC, its because bitcoin dominance gradually decreasing after reaching the new ATH price in the market,  actually this always happened, wherein even before since alt season usually take over after bitcoin making good progress or break new ATH price. And its very rare to see that, both BTC and alternative coin will do the same performance in the market especially top altcoin as they have different seasonality.
And base on your title. Well if you will make a TA in the market (BNB) you will see there's actually a fluctuation, and it's now below $500. But since alt season still not end, probably there's still a chance it will make new correction again on my opinion.

ETH does not seem to really solve the serious problem of transaction fees because GAS is quite high, people are switching to binance smart chain networks that are cheaper to do transactions even many large projects from ETH networks move to BSC networks, for example 1iNCH also has a network in the BSC maybe UNiswap as the biggest contributor to transactions on the ETH network also has a network at BSC, I think it will look interesting, people think the BNB price will touch above $ 1000

Before talking about the BNB you should note that it's a native coin of the Binance exchange. There is the use of BNB like pay trading fees, pay the listing fee and buy Launchpad which is leading to bumping prices. Binance always will try to manipulate the BNB price, because they are one of the reputed exchanges in the crypto world. Binance wouldn't see dump their native coins.

Achieve $500 for BNB in just a matter of time. But most likely it doesn't mean it can overtake ETH in value. Keep in mind the value and the price isn't the same things. Still, now there is huge community support for ETH, so it wouldn't easy to overtake. But eventually, we know everything would happen in crypto, I just express my opinion.

As long as binance create more oppertunity for BNB hodlers, it'll continue the bullish rally and it can be the best rival of ETH. Also, sooner or later BNB will get into rank two if it's continued the bullish rally and eth get more correction with small bounce back.

BNB increased a lot whenever it's going to do an IEO for new projects as participants need to stake bnb in order to get allocation. Also, yield farming is introduced by binance through launchpool where most of the allocation goes for the BNB staking. So, BNB started its bullish rally when TKO IEO was started and there will be a quarterly burn event in the upcoming months which help BNB to maintain the bullish rally to target for $750 or even $1000, IMO.

I am sure that at this level BNB will not linger, a year ago I could not imagine the price of $ 200 and today it is already $ 500 so there is no limit to this coin, we are waiting for new ATH.

I would not believe that a week before the rally started, i was converting some coins and was withdrawing coins through Binance because of the lower fees and i had around 50 BNB and the price was well below $15 and now it is around $500 is mind boggling and if was patient enough to hold a week longer i would have benefited from the rally but unfortunately i was not thinking about it when i sold  :-[.

I don't want to add exchange coins to the altcoin portfolio and it is not going to hit $1k hit per BNB soon. Maybe in 1 year, the price target looks reasonable but for the short term I dunno it will happen IMHO. Btw, missed the latest rally on BNB while the price was below $300 and I still regret not investing it. $500 is big jump considering the price was below $200 price stage few weeks ago, now it can climb up to $700 if the market circumstances let the altcoins for new rally.

We do always have regret when i do look BNB was still below $200- price which i have thought that it was already the peak but as usual where im wrong again with that presumption.
BNB hitting $500 is a great thing for those who had able to buy when its still cheap but i dont see for it to reach $1000 that fast.Its not bad to be optimistic but dont
anticipate much because it would just frustrate you and same as yours im not really holding that much for some exchange tokens.

When people are seeing BNB from the fundamental and they will know why BNB can reach such rate.
There are lots of reason and CZ is a businessman guy and he knows what should be added to be the utility usage for binance coin.

Burn, launch pad, launch pool, discount fees, and many more features were making binance coin goes to the moon now. 1k is a real thing soon.

Today is the day, finally BNB can hit the peak, as per today BNB's price already hit $500+, to be exact $519.44.
this is a really great achievement from BNB, i think the main reason is because everyone invested their money in Binance Exchange, not only that, the hype is still going on and so many people bought BNB and hold if for a quite long time, because i still remember i bought my first BNB when the price is still $216. what a great development from Binance Team.

Currently, BNB is growing rapidly, and is unstoppable, where from a time to a time the demand for BNB is increasing, I am sure that one the day BNB will match the achievement of the etherem as altcoin that is ranked the second highest altcoin in CMC, if BNB has reached $500 then the following targets it is $1000,

Well actually BNB now is around $558 and most likely it could even reach more than that. I’ve also read this’ll be an “ETH killer” and could take over ETH too, maybe it’ll even reach $1k before the next coin burn.

Most likely bnb will hit $1000 before year end, and as for being an 'eth killer' i don't think so, i believe this ecosystem is big enough for both binancesmartchain, ethereum, polkadot, cardano, tronix or any other network to strive successfully, it is about finding the best service that suit your needs as a developer or as a firm, institution or what have you,
It is always good to have a competitive market, this way there won't be monoply of any particular project, with so many network to choose from, it is upto the owners to work hard to make their network stand out and attract more users.

And now, BNB reaches $604 and continues to rise. BSC gets a good place for many projects based on ethereum, and I think it can be a good choice for them to use BSC because they can reduce the fees. BNB will have a big potential to reach $1k soon and maybe that can happen this month or next month because BSC already solves the transaction fees for many projects. Besides that, this month, BNB will be burning and it will reduce the supply if I am not mistaken, so that can make the price increase more than now.

BNB passed 600$ and made new ATH at 638$.

Some people took profit and its long term trend is still going on. I wonder if it reaches ETH marketcap before burn, there is still plenty of time this month.

BNB has actually grown in price now not because of their utility for trading fees and listing and what not but because it is the gas needed to pay for transactions on Binance Smart Chain. This is the same way ETH is used for Defi and Dapps, now BNB is doing the same for all those projects and dapps on BSC like pancakeswap.

Easy Answer and already happening .

What's that??  of course Reaching 600$ then 700$ then 800 and up to 1k usd?


Actually it had reached 637$ today and not 558.

BNB reached a new ATH, congratulations to you all hodlers of bnb!
Next is $1000.

For me BNB is not an eth killer and both of them need each others for projects to inter-operate differently in both blockchain environment.

Does the Burning already happened? coz i believe that is the news why BNB is pumping now?

But it looks like this moment the value is dumping?

Pricing 581$  from 637$ earlier this day.

I am sure BNB will continue to look for a peak. Lately millennials have started talking a lot about trading and Binance has really caught the attention of crypto newcomers, oftentimes BNB and BSC are trending topics in my locale.
I think even newcomers will not be wrong if they invest in BNB by seeing good fundamentals and potential.

The centralized in nature of the BNB is not holding its surges in price or support back because 95% of all cryptocurrency investors are after profit and the last time I check BNB was leading the exchange token market. However, it free coin benefit involved in holding BNB. Though the coin have reached the $500 price range said by the OP but I still believe the $1000 price is still impossible in this current bullish market and if it happens there will be some price correction.

It was so fast mate, we are now looking at the possibility of $1000 since BNB has already reach a new ATH which at $600 level.

638 usd is the new high, we can check that on their exchange itself https://www.binance.com/en/trade/BNB_USDT

$1000 is waving, just to be realistic.

Currently, the price of binance is $580 and it hit $640 a couple hours ago. Binance is truly a rival to Ethereum, and it can easily replace Ethereum within a few years, or even a few months. The reason is that they have better product with support from various social media and CEO. For example, the binance pool contains a lot of options for people to hold and stake their coins for a safer investment. Their binance launchpad assists many auspicious enterprises in introducing new coins.

So what are you waiting for? More money should be used for buying binance coin

If  it's me I will not join the train, it's too late, riding is too risky especially for long term hold. BNB is good but I think with the recent bullish movement, it's becoming overvalued and I'm afraid as it pump big time, it would also fall big time. I'll relax and wait until it dropped again, and I'm not bearish though as I think BNB could reach anytime soon before correction happens.

Did you guys read about the new research from blockchain analysts that are slamming Binance Smart Chain for their centralized validators?

Everyone is moving to BSC now because it is cheap, just like everyone supposedly will move to Bitcoin Cash because it had cheaper fees than Bitcoin.

Fees and gas issues are short term. Security and decentralization are long term.

it has finally hit $ 638, and the next target is a pretty encouraging stepping stone. We're not just waiting for $ 700 or even $ 1000. because BNB continues to grow, it will continue to follow under ETH. many predict that BNB has the power to take over ETH.

I guess we will be seeing that soon, let's see if BNB could really replace ETH in the current ranking.

BNB has $90 billion marketcap (round off), while ETH has $250 billion marketcap (round off).
If we look at the big picture, there's a big difference but if we look at the rate of how bullish BNB is, we will say it's easy for BNB to surpass ETh.

BNB pump is strong enough there won't be a downturn worse I think BNB can survive in the long term and won't be at risk in the near future, this will be easy enough and now the value is still not high it is likely to go up where BNB could hit $ 1000, remember not miss the train because if it is high it will be more difficult to buy because the price is already big like other coins, BNB is the 3rd coin which became popular after the BSC and the token was burned, even I saw in an article this would be stronger where BNB could survive and compete with ETH in the future?
Won't this come true?

Charts don't lie mate, it's easier to see that BNB is more bullish than Ethereum no matter how you view it, Ethereum can't beat BNb in adoption right not until it fixes it's massive transaction fee, last time I used BSC it took me roughly 0.1$ to move some coins to exchange

If Binance were only a cryptocurrency exchange, then its internal token would have an expected maximum, which everyone waited for one way or another, but since today Binance Smart Chain is already a direct competitor to Ethereum, then one can definitely assume that the BNB rate will rise above $ 500 and at the same time, the growth of the exchange rate may not stop even when it reaches 1000 dollars.

It may happen very soon, we can try to compare the network activity between ethereum and binance. Both were at the same level last month and this month BNB may be even active compared with ethereum.
The price for each BNB goes so crazy this time. It may surpass 1k very soon.
Remember about the trading rules, more price = more people buy in = more demand has come

That's happening with binance coin right now.

i agree if BNB is the big rival if ethereum, but its not easy for BNB to replace ethereum soon or later mate
a d personally i still bet on eth  ;)



burn events could be the main reason for this huge pump, even when i write this post BNB price already hit more than $600
maybe the next target is $750 - $800

I believed that binance strong foundation is the key of bnb coin success here, and with the ongoing pumps, many people attracted to this asset. Indeed it's been a tight rival of ethereum, which I think had an advantage because the transaction fee of their network hasn't increase compared to erc20. Binance using bsc network is doing well, and people never cried for bigger tx fees that's why it also contributes to the demand.

I agree on that, the main topic here is the tx fees, binace is now becoming more amazing than erc20 the fees is the most important thing specially on trading or buying some token or coin on the crypto feild the advantages of small fees is great that makes sense to investors. So i believe that binance will boom on the upcoming days, weeks, or months i think last quarter of the year 2021 is the most exciting part so let us wait.

A little strange that Bitcoin right now is ATHing and even Ethereum itself is gaining from this super rally, but Binance and some other coins are actually losing over 10% from their ATH.

Guess people now seeing altcoin outflows back into Bitcoin and ETH now with the Berlin Upgrade. That does make a lot of sense with the market movement now.

Yes, it has surpassed the price of 500 dollars and even ath has reached 640 dollars. Will the next target be realized?

I think the bsc network has a long way to go still

next target lies around 660 after surpassing that it would probably head for above 800 range. They have burn event around the end of this month that is effecting the price unlike any other past burn events. I am seeing it is getting effected by the price of btc right now so we'll have to wait and watch until there is some stabilization in the market.

next is to be the next ethereum. BNB will be a very profitable altcoin in the future and the BSC platform will replace ethereum. ERC20 will slowly be abandoned, and all of that cannot be separated from the important role of BNB at this time. I predict the price of BNB will reach 1K in the near future.

bitcoin did affect the increase, but if it didn't, BNB tried to increase it might not have formed ATH yesterday. BNB also plays an important role in providing full confidence for its holders to continue to understand and buy so that prices can increase.
Until the end of the year the BNB will continue to rise and for what you said $ 800 will be able to do over the next few weeks. even at the end of the year, the best BNB price will be formed, and we are waiting for it.

BNB right now is actually burning and keep holding the ATH.. it will probably going to much price within this month since its still at top 3 in coinmarketcap.. Well for now i cant tell more since this alt season really making this project become valuable.. I hope there are no manipulation will happen afterwards.. And also congrats to those who keep holding BNB, they are really now gaining more profits in it.

I would love to think that there's another speculations for bnb to aim for $1k when there's a good outcome after all pumps happening. Binance development gather more attractions to different holders who is not thinking to own binance as another potential asset. Missing this chance is a big regret for someone who doesn't trust bnb coin.

quite opposite I personally think that BSC is somewhat already on its peak, I mean with all the rugpulls from Defi and most of people already knows about it but not all project from eth migrating to BSC.


There definitely will be some people who gonna push further the ATH and hoping for $1K like how doge before even reaching the current price they already set $0.1 but the question is whether that price sustainable for long term or just flash pump.

I trust BNB of course, however, to think that it will rise at $1k in a short period of time, I think that is 40% probability for me, and 50% drop is also possible at the current price, no problem for long term hold, but for short term, I'm not recommending it.

Now I am also starting to believe that BNB can catch up with ETH and may actually be able to move it. But this is provided that ETH cannot solve the problems in its network associated primarily with the speed and cost of transactions. But why did this happen? I once watched Vitalik Buterin's speech when he presented Ethereum and its capabilities, and even then the Chinese were very much interested in his proposal. This is probably what triggered the emergence of Binance and its active growth. Perhaps Buterin's team could not solve this problem, but the Chinese, represented by Binance, could. As a result, we see such a situation. Of course, these are just my guesses and maybe everything happens differently.

I believe that one of the big reasons was the creation of the Binance Smart Chain because without BSC the BNB price won't achieve that impressive price growth. Since the demand was coming from the Binance Smart Chain users, and not coming from the old and existing Binance product line and services. By the way, thanks to the expensive transaction fees on the Ethereum network, because of that problem BNB was put in the limelight.    

I personally believe BNB will be following the footsteps of ethereum. So, if $500 is achieved and then we can expect BNB to test $1200 as next milestone and then after that, we can expect  crash which may last up to $180 price levels like how bitcoin and ethereum faced after scaling $1000+ price levels. Overall, if etherum is just following bitcoin's pattern and BNB may follow ethereum's pattern.

The reason for this pump must be obvious because people are suffering by paying high fee on ethereum and for hosting smart contract they are looking for cheaper alternate which might be BNB. Also when there are big volume happening on binance exchange, there are possibilities for BNB to be pumped.

Burning but that's mainly because of hundreds of IDOs launching on all the BSC platforms. Total ICO mania just calling it an IDO instead of what it really is. They can add all kinds of wrapping and staking to qualify but it's pretty clear this pump for demand is fuelled by new tokens launching every day.

You are right  Demand for Bnb is now increasing due to Bsc. The hype created with bnb is like the eth of 2017 to me. There has been a mixed response from everyone about Eth's current transaction fees. Since eth fees are much higher now, all the projects are looking for another best way, in that case bsc is helping them.

As a result now a lot of new old projects are coming to bsc. And the biggest advantage of bnb here is binance exchange, many projects are quickly moving to bsc in the hope of listing in binance.

More on that, it really helps the chain and the value of this asset, with the demands of developers

who use BSC system, more money are flowing inside and also the exchange itself the trust that's

being created to the team, more investors and traders are very much willing to participate, holding

this asset and wait for another pump.

BNB has a good rhythm although now it has a corrective movement of the market, it is normal, the curious thing is that since this April 12 it stopped growing that 173%, however this April 14 when Coinbase was traded with Coin on Wall Street it was a difficult start, this brought to the bitcoin and cryptocurrency market some uncertainty, bitcoin is going down a bit, it is normal for BNB to go down.

However bullish expectations can be seen in a good overview, the article can give us a vision of what can happen in a more positive environment:
https://i.imgur.com/jLp9pWg.png
Source: https://cointelegraph.com/news/price-analysis-4-14-btc-eth-bnb-xrp-ada-dot-uni-ltc-doge-link (https://cointelegraph.com/news/price-analysis-4-14-btc-eth-bnb-xrp-ada-dot-uni-ltc-doge-link)

Hundred percent agree here. I think ETH is right now correctly priced, because of the huge amount of utility that derives on the platform (defi or no defi it has a lot of other dapps and with 2.0 coming gas fees are going to go away) but the 2017 price was pure hype driven. Once defi dies down what use will BSC be for except a clone of ETH?

The increasing price of BNB is certainly the role of BSC which has been widely used in the distribution of bounty prize projects, so that the value of BNB increases so quickly and currently the value of BNB has claimed $500 even though the price is now declining again and we are very confident that BNB will approach the price of ethreum which is currently ranked second.

By lookin on how BNB steadily goes down after setting new ATH I am a little confused. What had causes such a price drop? Yesterday I was planning to use price reduction as an opportunity to buy cheap BNB, but after seen that today the reduction continues I have changed my mind.
During the rest of todays day, I'm going to decide whether to buy few BNB or skip that. What are your thought about it ?

If you look on the other side, you'll see that BNB has really pumped a lot  in the past few days, a minor pull back is not really a problem, as bitcoin continues to be bullish, so does BNB because it always follow.

BNB has 37% increase in a week, isn't it huge? (https://coinmarketcap.com/currencies/binance-coin/)

Currently Binance has a market value of $544.56 and it already reach and surpasses $500 then what's next? I guess Binance has still more bomb to explode after reaching $500+ and because of the support of the new rising projects in the market. Binance Smarct Chain was I guess one of the favorite blockchain today well its because of its affordability, though having an ERC as a blockchain was still good but due to high gas fee many new projects are choosing BSC.

Yes, right. because besides that all Binance which is a market from bnb gives a bonus in the form of a new alt setting in binance for bnb coin ownership. of course this is an attraction for the users

I am happy 4 days ago that BNB finally managed to reach the ATH price of $ 637, but now the BNB price is down about 14% from the ATH price.
Many people panic knowing this and finally made some holders sell their BNB, even though in my opinion this is a normal correction.
Because many BNB holders take profit when BNB reaches the ATH price, I believe BNB will recover soon and the price can go up again.

When it comes to potential then theres no question or doubt for BNB to raise up its price and also corrections are just typical stuff to happen because we cant just expect that the price
will continuously to shoot up upto 1k without any corrections or price decrease.

Sell points or resistance are common and its not a surprising thing but wondering on why people still not get used to this one?

Reaching out 1k might take some time and its better to utilize these movements for your benefit.

That is why I have made a decision buy only 1 BNB. Of course someone will laugh at me, because this is just ~$550. But I'm planning to hold it for a very long period. Probably I would consider selling it only when BNB surpass four digit price.
Bitcoin volatility taught me not to pay much attention to any insignificant price changes. So a minor BNB price pull back does not scare me.

Well, this situatuon is common in crypto market. The little correction of BNB price after its bullish and i think its okay. For me, it is the sign of good market, because there wouldn't be possible if the price increase all the time.

For me, it is not good if the price continue to rapidly increase as it is not an organic growth. So the drop is just normal and it will go up again. The main reason why I believe BNB is rising because a lot of projects are now going to BSC network instead of ETH. With their cheap fees, it is very favorable to developers as well as traders. And since it is under the top exchange, they can easily gain trust from the community. Maybe, this drop is the opportunity to buy before it goes up again. But that is your prerogative on this coin.

Its already more than 500 plus now each BNB dude, and it was rising up because of the BSC and we can see all this through each new projects adopted it using the BSC blockchain. And I think it will get more than 1000$ or more this year each BNB, so this is the right chance for us to buy em then hold in the long term.

There are many things that have made BNB continue to experience improvements in the last few months, and one of them is public trust in using the platform of this coin maker, Binance platform.

Well it is clear that people's confidence in this coin is enormous. I understand why we believe in this coin, what Binance has done so far is a great achievement in the crypto space, in addition to a good marketing strategy and vision for the future. From the leader, BNB will always keep its position in the market. I also think that it will most likely take the place of ETH in the future.

The boom that occurred from BNB was due to the development factor of the Binance Smart Chain. You can see from the chart the spike in transactions on the Binance Smart Chain in the last 6 months https://bscscan.com/chart/tx (https://bscscan.com/chart/tx). the successful Launchpad is an attraction for investors to keep BNB HOLD so they can follow the next Launchpad.A few days ago it was also agreed that this month there would be Burn Token

Following the BNB charts its price has gone up a lot compared to the last few months the market for these currencies is improving with the rise in the price of bitcoin. This is a good time to invest as 500 may go up further there is nothing to be frustrated about these currencies may have a higher growth rate with ethereum.

BNB has made a surprise that was not expected to quickly increase and reached ATH $ 610.06 - Apr 12, 2021, even though the price is currently falling again even though bitcoin is not showing the direction of correction, it is unfortunate that BNB cannot maintain this good price. the possibility of going up again will still be there for BNB because this year is the alt season which will affect all the top-ranking altcoins will improve well even to reach renewable ATH.
yes, I agree don't hesitate to invest in BNB even though it is currently down, it's the right time because there will be an opportunity to receive profits when renewable ATH is created again later.

I think the decline in BNB prices is a correction, even though BNB burned millions of tokens. I think this is purely a correction and in the future BNB can bounce back and even be able to pass ahrga $ 650 in a fast time this year.

Currently, many traders hold BNB because Binance Exchange is the largest exchange in the world which has a large total transaction value.  Therefore, many traders have decided to hold BNB because they believe in the prospects for the future development of the Binance Exchange.  BNB price was at the level of US $ 556.09 or decreased by 5.96% compared to the previous day.

However, yesterday BNB nearly touched the US $ 600 level. Binance has a policy of purchasing 100 million BNB tokens on the market and then burning them.  This means that the total BNB tokens of nearly 200 million will be halved.  With a reduced supply but increasing demand, the BNB price will automatically increase.  In the long term, at least 2 years - the next 5 years, it is estimated that the BNB price will penetrate US $ 1,500.  after passing through the correction first before reaching that level.

Prediction of BNB price to the level of 600$, it was positive movement in Ethereum and Binance. If the price of bitcoin will further increase, it was clear that the rise in most of the coin prices. Investment at the peak will not make a good sense.Holding will be better option to gain a little from it.

the reason why the BNB price is high is of course because of the increasing adoption. so far many ERC20 tokens have migrated to BSC, and also the high number of transactions on the BSC-based defi platform such as pancakes and others.

it is very likely that the BNB price will break through $ 1k before the year ends.

If BNB reached 600$, in my mind BNB will not stop, but 600$ is a bit hard for BNB right now. BTC has started decreasing and it keeps just getting down. As you said if the price of BTC will start getting up, other currencies will be affected through this movement. However, l think BTC keeps decreasing for a time and nowadays there will not be any great change in the price of BTC. But that doesn't mean we should wait for this time, if we collect BNB, no doubt we can make a great profit from BNB in the future. But as l said it can take a long time, that is why BNB is a greater choice than another project for long-term investment.

As I lately saw data showing Binance getting nearly more popular than Ethereum I would easily say 1000 dollars will be next big target which is pretty realistic. Pancakeswap carries Binance Smart Chain on its shoulders and BNB becomes lot more lot more valuable over time. But we need big lap from Bitcoin for this to happen don't forget it.

The trust from the community already created caused by the mindset if binance was a way to generate instant profit. This opinion was creating a big hype for binance.
Binance is always regularly creating more and more innovation. The binance platform is just an example how good the product already made by binance.
Im not getting surprised to see that binance can surpass 500 USD easily like this time and this deserved to be worthed more than 1k

BNB's next target is to prove that BNB is a coin that has potential other than ETH. That way, nowadays many investors will look to BNB more, because what we know is that investors like a coin that is clear in the future has the potential to be the best.

To give an update, the BNB price is currently at $174. Thinking about reaching $500 is even hard to reach and much more for $1,000. I'm not saying there is no chance because if we take a look at the chart, BNB doesn't have that kind of growing demand that we can see it is possible. It may be 10 years from now, who knows.
Anyway, I'm investing in BNB not because I was expecting $500 or $1,000 but it is because this coin could possibly sustain the market competition and this will never give us frustration.

the big thing I'm looking forward to from BNB is breaking the $ 1000 price tag. if BNB manages to break through this price, then the potential will be closer to ethereum. however, BNB's potential isn't just $ 500 or $ 600. we will continue to question what's next after reaching that price. Therefore, when BNB prices catch up to Ethereum prices, BNB has a huge potential to replace Ethereum's position when that happens.

The growth of BNB is impressive, just going from 500USD is a great achievement, in fact it had a growth of 7%, well it is also necessary to highlight that ETH also reached a new ATH almost 2800USD, this has caused a type of encouragement because many believe that the altcoin season is beginning, and seeing that BNB is beginning to have more demand, investors have a better chance that the price will continue to increase.


https://i.imgur.com/ie4TWNz.png

Source: https://cryptopotato.com/binance-coin-analysis-bnb-taps-600-again-following-7-daily-surge/ (https://cryptopotato.com/binance-coin-analysis-bnb-taps-600-again-following-7-daily-surge/)