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Title: Binance as the third largest coin Post by: palle11 on February 20, 2021, 02:41:45 PM Quote On Feb. 10 Binance Coin (BNB) hit a new all-time high at $148 after the native exchange token rallied 121% since the start of the week. After the above was a new story of binance now hitting a surprising ATH. IMO bnb has been a magic revelation for cryptocurrency. It has taken over from top coins and now trading behind etheruem as number three spot , this is amazing and a regret to many who sold off in fear back in 2017 when the price was selling slightly above $3. Now after two years, it has done more than 480x against bitcoin (according to the CEO) There are some factors I think are possible a reason for the bnb Quote 1.Surging volume Between September 2020 and December 2020 the price of BNB traded between $23 to $35 with an average daily volume of $400 million. Since Dec. 28 there has been a steady increase in 24-hour trading volume and token price as Bitcoin (BTC) price broke out to new highs and DeFi made its presence felt across the crypto sector. BNB’s 24-hour trading volume surpassed $1 billion for the first time on Feb. 1 and a new record $7.52 billion volume record was set on Feb.10 as the price crossed above $148. Quote 2.DeFi integration gives Binance an edge Since 2020 centralized exchanges had been ceding market share to decentralized finance protocols which offered users access to newly launched tokens and high APY returns for providing liquidity. To make up for this loss of market share, Binance incorporated new DeFi components, including the creation of Binance DEX which supports a few interoperability-focused DeFi projects. Binance also increased the number of tokens available on its staking platform and the exchange raised the interest rates for each token to encourage investors to stay on the exchange instead of chasing yields at SushiSwap and Uniswap. BNB plays a role in fee settlement and transfers, thus boosting its volume and value over the past few months. Quote 3. New listings and partnerships Binance has not been shy about quickly listing new projects from the DeFi sector and these listings often spark a sharp increase in the trading volume and price of the newly listed token. For example, when Uniswap and SushiSwap burst onto the scene and threatened to take some of Binance’s trading volume, the exchange countered by listing both UNI, SUSHI and many of the projects that were attracting investors’ attention. Several prominent DeFi projects were initially launched on Binance Launchpad, the in-house token launch platform that helps blockchain projects raise funds, and more projects being added on a regular basis. Projects like Kava, which operates on the Cosmos (ATOM) blockchain, and Venus (XVS), which operates on the Binance chain, were incubated on Binance Launchpad and have since become established DeFi projects that continue to gain momentum. A scroll through Binance’s Twitter feed shows daily announcements of new partnerships and integrations and for investors to interact with many of these projects they are oftentimes using BNB as part of the transaction. With a 24-hour trading volume of $32.8 billion, a figure 7 times larger than its closest competitor Coinbase Pro, Binance continues to dominate among centralized and decentralized exchanges. Binance Coin appears well positioned for further growth, especially considering that BNB is an integral part of many of the platforms and processes at Binance. The last point about listing new project is an eye opener. This is purely a business strategy to armtwist a competitor. It is stating the obvious that binance exchange won't irrationally list acoin without sequel benefit to the exchange. However, the CEO Changpeng Zhao Quote noted that BNB has been setting new all-time highs not only in fiat terms, but also in relation to the world’s largest cryptocurrency, Bitcoin (BTC). “From a humble 0.00001 BTC per BNB, we have grown 480x against BTC in the last 3 and half years,” Zhao wrote. He said that BNB’s performance against BTC has been the main goal of Binance: “This has always been our goal, to grow a bit faster than BTC. Not over taking it, but with so much effort we put in, we want to see it grow a bit faster. Otherwise, we should just buy BTC and not work. With the state by the CEO, do you think he is working harder to overtake etheruem or bitcoin ??? ;D ;D https://cointelegraph.com/news/3-reasons-why-binance-coin-bnb-hit-a-new-all-time-high-at-148 Title: Re: Binance as the third largest coin Post by: mk4 on February 20, 2021, 02:57:19 PM The pretty obvious reason in my opinion: Ethereum's fees have been quite high for a while, and Binance Smart Chain(BSC)'s fees are drastically lower. And yes, BSC is like magnitudes more centralized than Ethereum, but it comes to show how a lot of people don't care that much if a certain project is decentralization or not as long as they can make their bets on certain tokens.
Title: Re: Binance as the third largest coin Post by: AB de Royse777 on February 20, 2021, 03:11:41 PM In a bull run everything looks very easy, you feel you are winning money in whatever coin you are investing but if you compare with the gain against BTC then it's not much. Only few coins are performing. BNB is one of them.
I do not trade but the rerecnt growth of BNB do gives me some regrets LOL Few months ago when I was buying some NEO and noticed there are 50% less fees in BNB - I was tempted to buy some and store it only to pay the fees. It was around $24 - $27. I wish I would use few grands :-D Title: Re: Binance as the third largest coin Post by: mersal on February 20, 2021, 04:28:50 PM Cryptocurrencies mostly used for trading purposes until now and Binance is the exchange which is having more trading volume and they offer discounts on the trading fee if they have BNB in their wallet then every trader frm Binance is going to have it that is the basic reason why it was surging in volume in the past but in the recent times BSC is the reason why it went to new heights and ethereum network should be blamed for this not the hardware of BNB team. :D
Title: Re: Binance as the third largest coin Post by: nelson4lov on February 20, 2021, 05:02:19 PM ~Snipped With the state by the CEO, do you think he is working harder to overtake etheruem or bitcoin ??? I don't think cz is trying to overtake either Bitcoin or Ethereum. He's just doing whatever it takes to stay relevant in the business. Binance isn't the first exchange to experience peak success but they're doing more to ensure that they remain on top of the food chain. That's what the hype about Binance smart chain in the recent months has been all about. The pretty obvious reason in my opinion: Ethereum's fees have been quite high for a while, and Binance Smart Chain(BSC)'s fees are drastically lower. And yes, BSC is like magnitudes more centralized than Ethereum, but it comes to show how a lot of people don't care that much if a certain project is decentralization or not as long as they can make their bets on certain tokens. Ethereum high gas prices has been a catalyst for the current BSC hype. Binance was smart to create a mirror chain with cheaper fees and faster transactions while using $BNB as the base currency. So it's not so surprising to see bnb at the price it is now considering everyone currently farming or swapping these tokens on pancakeswap, bakerswap or other defi protocols on bsc requires bnb to pay for fees. It's worth noting that a large part of bnb tokens gets locked from time to time to either farm on binance launchpool or commit to binance launchpad projects not to mention Binance burns a decent amount of BNB tokens every quarter. Title: Re: Binance as the third largest coin Post by: Renampun on February 20, 2021, 05:23:53 PM amazing, I never thought BNB would be able to be in 3rd place...
The high fee of ERC20 makes many developers try their luck in BSC. low fees and fast trx processing. BnB will be long in position 3. OOT *btw, what happened to eth 2.0 is there any further news about the launch schedule? Title: Re: Binance as the third largest coin Post by: BITCOIN4X on February 20, 2021, 05:34:47 PM I still agree that BNB tremendous rise is due to ethereum merchant migration. Ethereum transaction fees are the main cause of BNB pump. But will this last long ?
I do not trade but the rerecnt growth of BNB do gives me some regrets LOL Not only you, many people have come only to regret missing the BNB train this time. LOLTitle: Re: Binance as the third largest coin Post by: In the silence on February 20, 2021, 05:47:06 PM Looking at the bnb marketcap, it eats other coins marketcap from february 18th to 19th and never lowered. This means that many users are not in the pump but clearly for the fees it offers.
Binance is centralized but people dont care, just like mk4 said. Title: Re: Binance as the third largest coin Post by: XZERO1 on February 21, 2021, 01:25:41 PM And all of that is obviously because Ethereum is performing poorly in fees per transaction department when its network is quite busy.
Even if I want to send $2-3k worth of tokens I would feel really uncomfortable about paying $100-$200 for a single transaction while trading on Uniswap for instance, add to that you have to pay for approval of that token first to be able to trade it, now think if you want to sell something on your wallet that is worth around $100 on uniswap, you're money is pretty much stuck there until Ethereum 2.0 comes out and maybe solve this fee issue. BNB is way more centralized than Ethereum so it's not like it's an ideal option for many people that are into decentralization, it just doesn't make sense paying that much money to have a more decentralized trading experience. One good thing about the fact that many traders are moving to Binance Smart Chain would be that Ethereum network traffic will eventually drop significantly and many people that have tokens on their ETH wallet stuck because of fees can finally trade them after months of constant high fees. Title: Re: Binance as the third largest coin Post by: crzy on February 21, 2021, 01:42:01 PM Believe it or not, every altcoins wants to overtake Bitcoin on top, they are doing everything to make it happen. BNB are slowly getting there, they prove that they are not just a normal exchange and their coin is something big. If the CEO of BNB have that strong mindset and goals, I’m sure they can achieve many heights along their way.
Title: Re: Binance as the third largest coin Post by: Viscore on February 21, 2021, 03:33:24 PM Believe it or not, every altcoins wants to overtake Bitcoin on top, they are doing everything to make it happen. BNB are slowly getting there, they prove that they are not just a normal exchange and their coin is something big. If the CEO of BNB have that strong mindset and goals, I’m sure they can achieve many heights along their way. That was crazy if we think like that because even though Bitcoin losses its value and dumps to $1, Bitcoin is still Bitcoin. *Bitcoin *Ethereum *BNB I expect this to happen, XRP is now facing a huge problem while BNB keeps soaring high as most investors are diversifying their investment with this coin. And another reason is the huge fees now. Well, I appreciate how the developers run this, and they are having a good marketing strategy which gives a huge help for this to happen. Title: Re: Binance as the third largest coin Post by: palle11 on February 21, 2021, 03:49:08 PM Binance is centralized but people dont care, just like mk4 said. That is because the team is very active. Investors will always research on the team behind a project. Reading the binance CEO, I never thought he had this big plan for his exchange in trying to bring bnb at close or more than bitcoin. His statement is also capable to get more bull for bnb. I think he is even quiet for this time, because if he had been using the Twitter to hype bnb, the coin will zoom more. Elon musk tweets was what gave doge the hype of the moment. Title: Re: Binance as the third largest coin Post by: sujonali1819 on February 21, 2021, 04:48:39 PM This recent price spike helps bnb to became a large 3 coins in the crypto world right now. This really amazing and people are rekt who did not get it before. The reason to me are
1. Binance is the large crypto Exchange in the world and bnb is a coin which is own by this binance. So psychologically investor believe this will have a big chance to be big one. 2. After bitcoin people basically use ethereum/tokens, but the fee on eth blockchain is too high. So people are going to BSC blockchain for lower fees. Btw I have a question in this case. I heard somewhere CMC is calculating/showing incorrect circulating supply and market cap for BNB, is it right? Actually how much the circulating supply of bnb now? Title: Re: Binance as the third largest coin Post by: repear7 on February 21, 2021, 05:00:13 PM Yes,
Traders are giving priority on BSC. So, Project started to choose BSC for launch their cryptocurrency. I think it’s a big reason for pumping bsc.I think demand of BNB increasing for it. Title: Re: Binance as the third largest coin Post by: noormcs5 on February 21, 2021, 05:56:16 PM The pretty obvious reason in my opinion: Ethereum's fees have been quite high for a while, and Binance Smart Chain(BSC)'s fees are drastically lower. And yes, BSC is like magnitudes more centralized than Ethereum, but it comes to show how a lot of people don't care that much if a certain project is decentralization or not as long as they can make their bets on certain tokens. The BNB coins has grown exponentially and i hope it can maintain this growth and do not dump as quickly as pumped. Since the BSC is getting attention, does it means that the projects on BSC like Pancakeswap (CAKE) , Sparta, Bake etc will also get big returns ? Those who missed the gains in bnb , can invest in these projects for good profit. Title: Re: Binance as the third largest coin Post by: JooBra on February 21, 2021, 07:27:21 PM The pretty obvious reason in my opinion: Ethereum's fees have been quite high for a while, and Binance Smart Chain(BSC)'s fees are drastically lower. And yes, BSC is like magnitudes more centralized than Ethereum, but it comes to show how a lot of people don't care that much if a certain project is decentralization or not as long as they can make their bets on certain tokens. The BNB coins has grown exponentially and i hope it can maintain this growth and do not dump as quickly as pumped. Since the BSC is getting attention, does it means that the projects on BSC like Pancakeswap (CAKE) , Sparta, Bake etc will also get big returns ? Those who missed the gains in bnb , can invest in these projects for good profit. Title: Re: Binance as the third largest coin Post by: cheezcarls on February 21, 2021, 08:30:19 PM And it seems that scam DeFi projects are now turning their attention to BSC because of ETH's ridiculously high and uncontrollable gas fees. Now I wonder Binance Coin has overtaken Tether in market capitalization and it pumped to more than $300+ before pulling back a bit. As long ETH doesn't step up to the plate and not launching it's 2.0 soon, they can lose steam and momentum as projects will start looking into BSC and other blockchains that has very low fees.
Title: Re: Binance as the third largest coin Post by: judaspriest on February 21, 2021, 11:59:32 PM Yeah! Binance became one of the outstanding altcoins at the beginning of this year, BNB's increase of more than 3x, because Binance smart chain had a positive impact on Binance, making BNB prices also undergo a strong bullish trend, especially with ethereum users who are frustrated with the increase in gwei also making this thing positive for binance and made ethereum users go to the Binance smart chain, because of its cheap fee, congrats holders binance!
Title: Re: Binance as the third largest coin Post by: OcTradism on February 22, 2021, 04:50:33 AM Your title is not correct. It is Binance coin with a ticker is BNB.
Coinmarketcap ranks it in the third position and you can check the name: https://coinmarketcap.com/currencies/binance-coin/ With the successful growth of Binance Smart Chain, Binance coin will grow more. Users on Binance also have to hold Binnace coin to upgrade their accounts and enjoy lower trading fees. They have to hold 50 BNB to upgrade their accounts to VIP 1 and more BNB to upgrade it to higher level. https://www.binance.com/en/fee/schedule Title: Re: Binance as the third largest coin Post by: mk4 on February 22, 2021, 05:07:03 AM The BNB coins has grown exponentially and i hope it can maintain this growth and do not dump as quickly as pumped. Since the BSC is getting attention, does it means that the projects on BSC like Pancakeswap (CAKE) , Sparta, Bake etc will also get big returns ? Those who missed the gains in bnb , can invest in these projects for good profit. I mean, Pancakeswap(CAKE) already had a 150% increase in a single week, and a huge 2000% increase in a month. So.. mostly yes? Not sure how this is a good idea for people who missed the BNB train though; especially for such projects that are significantly more centralized (as if Ethereum itself wasn't centralized enough). Title: Re: Binance as the third largest coin Post by: MIner1448 on February 22, 2021, 05:09:10 AM To my great regret, I also sold this coin in a fairly large volume, because I could not even imagine that this coin would be included in the top 3 coins, I also trade this coin, but not with such a profit ... Very promising coin, I think it will grow to the price of ethereum.
Title: Re: Binance as the third largest coin Post by: dihari on February 22, 2021, 05:18:57 AM The pretty obvious reason in my opinion: Ethereum's fees have been quite high for a while, and Binance Smart Chain(BSC)'s fees are drastically lower. And yes, BSC is like magnitudes more centralized than Ethereum, but it comes to show how a lot of people don't care that much if a certain project is decentralization or not as long as they can make their bets on certain tokens. It's true. If decentralized platform can't solve that main problem (gas fees) on cryptoverse, people don't care anymore if it centralized or not as long as it gives more benefit using them. Bsc gives solution while ethereum still on the old track (high fees). That's why the price keep mooning. But I don't know, with this hype I still think the current price of bnb is overpriced. ImhoTitle: Re: Binance as the third largest coin Post by: elisabetheva on February 22, 2021, 05:38:50 AM It's true. If decentralized platform can't solve that main problem (gas fees) on cryptoverse, people don't care anymore if it centralized or not as long as it gives more benefit using them. Bsc gives solution while ethereum still on the old track (high fees). That's why the price keep mooning. But I don't know, with this hype I still think the current price of bnb is overpriced. Imho Now it must be admitted that among bounty hunters this has become a big obstacle because the gas fees in Ethereum are so high that many are unable or even lose money when they receive the coin on their wallet because they cannot make deliveries. I agree that people don't really care anymore. If gas fees are still high, they will look for other alternatives to avoid these high gas fees.ethereum must start to improve because many have started to look to try to replace it to reduce gas fees that are too high and of course this is bad news for ethereum. but whether BNB is increasing now because it is one of the alternatives to find gas fees that are more acceptable to people because of the situation that may not be supportive Currently BNB is in a fairly convincing ranking and the price has increased quite a bit, but it seems likely that what people are saying is that it's an altcoin year, as a lot of old and new altcoins have been surprising in recent times. we will wait for other altcoins that can develop again. Title: Re: Binance as the third largest coin Post by: SquallLeonhart on February 22, 2021, 06:44:11 AM It is obvious that CZ was always working towards making BNB his biggest creation and not Binance, because Binance is an exchange and exchange is a business and business could always fail, it is hard to make a business going for decades without any problems for one person, he could have been even fired, someone could have offered him billions of dollars for Binance and he would have sold.
But BNB is money, it is literally money like dollar, bitcoin, and BNB is like them, so if he made his BNB worth a lot more, dude could have been billionaire just thanks to that. This is why I still think there is a huge room for improvement for BNB, it will always go up and up and up a lot more and make it to a great level, it is going to reach levels Ethereum never reached because let's face it ethereum is a failed coin that failed waaaaay before BNB started to go up, asking 100 dollars for network fee?? 20 bucks just to send something?? I am sorry but that is not acceptable. Title: Re: Binance as the third largest coin Post by: Edsemen on February 22, 2021, 07:16:56 AM The pretty obvious reason in my opinion: Ethereum's fees have been quite high for a while, and Binance Smart Chain(BSC)'s fees are drastically lower. And yes, BSC is like magnitudes more centralized than Ethereum, but it comes to show how a lot of people don't care that much if a certain project is decentralization or not as long as they can make their bets on certain tokens. It's true. If decentralized platform can't solve that main problem (gas fees) on cryptoverse, people don't care anymore if it centralized or not as long as it gives more benefit using them. Bsc gives solution while ethereum still on the old track (high fees). That's why the price keep mooning. But I don't know, with this hype I still think the current price of bnb is overpriced. ImhoMaybe it became as expensive with other known coins, due to demand increase and that's normal when it became trending. Many users in binance trading became interested with their platforms and their reputation is trusted in every community that it belongs. But beforehand, I also foresee how each and every one of us deep struggles with gas fees; unlike older days we can even send our tokens of at least $3-$5 as fee for transaction. Title: Re: Binance as the third largest coin Post by: MCobian on February 22, 2021, 07:37:27 AM We should not be surprised to see the increase in BNB which is so fast and become the third largest coin, because Changpeng Zhao was able to
make Binance exchange the best. Surely he can do it at BNB too, but to be able to overtake with Ethereum is still possible, even though it takes a long time. Meanwhile, to overtake with Bitcoin, I'm sure there will be no coins that can overtake with it. It is very fortunate for BNB holders today to enjoy large profits. Title: Re: Binance as the third largest coin Post by: TinaK on February 22, 2021, 03:55:45 PM We should not be surprised to see the increase in BNB which is so fast and become the third largest coin, because Changpeng Zhao was able to We are all know about the Binance potential so peoples are waiting for the next jump on Crypto market. Everyone know the past journey of BNB so it will have more supportive coin in recent days. But I expect when it will reach 2nd place of coinmarketcap, If we analyse the marketcap $41.2 Billion in current traffic and ETH is $199.7 Billion. I think to much high so we will maintain a same range on further days and number of whales are enter in the market.make Binance exchange the best. Surely he can do it at BNB too, but to be able to overtake with Ethereum is still possible, even though it takes a long time. Meanwhile, to overtake with Bitcoin, I'm sure there will be no coins that can overtake with it. It is very fortunate for BNB holders today to enjoy large profits. Title: Re: Binance as the third largest coin Post by: Bitcoins101 on February 22, 2021, 04:01:40 PM The pretty obvious reason in my opinion: Ethereum's fees have been quite high for a while, and Binance Smart Chain(BSC)'s fees are drastically lower. And yes, BSC is like magnitudes more centralized than Ethereum, but it comes to show how a lot of people don't care that much if a certain project is decentralization or not as long as they can make their bets on certain tokens. I really don't think centralization is an issue with BSC compared to Ethereum. Ethereum literally rolled back hacks and gave people their money back. There is literally nothing worse you could do from that standpoint, so no matter what the powers that be at BSC do they still won't be as bad as the Ethereum leadership.Title: Re: Binance as the third largest coin Post by: mk4 on February 22, 2021, 07:42:36 PM The pretty obvious reason in my opinion: Ethereum's fees have been quite high for a while, and Binance Smart Chain(BSC)'s fees are drastically lower. And yes, BSC is like magnitudes more centralized than Ethereum, but it comes to show how a lot of people don't care that much if a certain project is decentralization or not as long as they can make their bets on certain tokens. I really don't think centralization is an issue with BSC compared to Ethereum. Ethereum literally rolled back hacks and gave people their money back. There is literally nothing worse you could do from that standpoint, so no matter what the powers that be at BSC do they still won't be as bad as the Ethereum leadership.Don't get me wrong, Ethereum in itself is pretty centralized because of the past reasons including the DAO rollback; but BSC is definitely far more centralized than Ethereum. While Ethereum is pretty much Vitalik and Consensys with a few other outside developers and contributors here and there, well, BSC is pretty much just solely Binance. :D Title: Re: Binance as the third largest coin Post by: Stedsm on February 22, 2021, 07:55:56 PM Binance was definitely one of the most highly anticipated exchanges and its token was one cheapest token which was getting ready to boost and this bull run took it all to a new level already, but that's not just because of this token alone but they (Binance team and their developers) have brought in a revolution by bringing in Binance Smart Chain which is comparably faster and way more cheaper than Ethereum. I believe BNB has more chances to even cross ETH ahead.
Title: Re: Binance as the third largest coin Post by: South Park on February 24, 2021, 03:37:10 AM The pretty obvious reason in my opinion: Ethereum's fees have been quite high for a while, and Binance Smart Chain(BSC)'s fees are drastically lower. And yes, BSC is like magnitudes more centralized than Ethereum, but it comes to show how a lot of people don't care that much if a certain project is decentralization or not as long as they can make their bets on certain tokens. The explanation is really that simple, a great deal of people do not care about decentralization and over the years I have seen people arguing that it is in fact a disadvantage, it is as if they do not seem to realize that if bitcoin was centralized then it would have been eliminated by governments long ago, and since people have that kind of thinking then there is no surprise that a coin that is heavily centralized like binance is now third in terms of market cap and soon enough it could become the second behind bitcoin only.Title: Re: Binance as the third largest coin Post by: justdimin on February 24, 2021, 06:41:42 AM Binance was definitely one of the most highly anticipated exchanges and its token was one cheapest token which was getting ready to boost and this bull run took it all to a new level already, but that's not just because of this token alone but they (Binance team and their developers) have brought in a revolution by bringing in Binance Smart Chain which is comparably faster and way more cheaper than Ethereum. I believe BNB has more chances to even cross ETH ahead. It was mostly about how bnb was just a coin for binance and the only thing people used it for was dropping the cost of trading fee, that was it. For at least a year and even longer people only bought BNB because there was two things that made it valuable, A) It dropped the trading fee 50% if you used that to pay and B) It was burned by binance so it became less available.So, when you combined that two together the price should have gone up of course but it wasn't really that crazy, just one thing and that is it. Now that we have BSC and pancakeswap even passed uniswap, it is obvious that we are in a world where BNB can be used for a lot more. Title: Re: Binance as the third largest coin Post by: posi on February 24, 2021, 08:23:51 AM The pretty obvious reason in my opinion: Ethereum's fees have been quite high for a while, and Binance Smart Chain(BSC)'s fees are drastically lower. And yes, BSC is like magnitudes more centralized than Ethereum, but it comes to show how a lot of people don't care that much if a certain project is decentralization or not as long as they can make their bets on certain tokens. The explanation is really that simple, a great deal of people do not care about decentralization and over the years I have seen people arguing that it is in fact a disadvantage, it is as if they do not seem to realize that if bitcoin was centralized then it would have been eliminated by governments long ago, and since people have that kind of thinking then there is no surprise that a coin that is heavily centralized like binance is now third in terms of market cap and soon enough it could become the second behind bitcoin only.Title: Re: Binance as the third largest coin Post by: danherbias07 on February 24, 2021, 10:24:18 AM Thanks to Ethereum not working harder to put fees to a lower price and now Binance found a hole to enter the people's heart.
He said it, its not to overtake Bitcoin but more like support it more with the use of their own service. But I think he is also playing safe here so that he won't be making a lot of fuss to pure Bitcoin supporters. I think the goal for now is just to be number 2. But who knows, he could grow that goal in the shadows. ;D Title: Re: Binance as the third largest coin Post by: so98nn on February 24, 2021, 02:45:10 PM No wonder. If the company is performing according to it's roadmap and (beyond) it's roadmap then such coins will always flourish in the process. Binance has always heard their customers and did the developments accordingly. With their launch of crypto card they shown generosity towards customers requirement. If you see binance coin, then their rewarding way was unique idea which made traders to think about it. Like 50% discount on the fees, and a trader knows how much difference it can make over long period of time. So yeah slowly they grew their coins, kept their promises. Unlike other project which do not even follow their roadmap and go down the road. That's where BNB came up.
Title: Re: Binance as the third largest coin Post by: TedMosby on February 24, 2021, 04:03:56 PM Binance Coin back to the third position again today.
binance promoted by some stocks fundamentalist and influencers in my country. binance becomes people's alternative due to the price of bitcoin is really high. I am binance user, I don't really interested in using BNB for trading fees or the launchpad program. but since they introduced Binance Smartchain, it got my attention. I saw exchanges like Coinex also integrates USDT BSC on their exchange. the fees for USDT BSC withdrawal from Coinex is only $0.1. they increase the USDT TRC20 fees to $1 from $0.1. when I posted this post, the fees for USDT TRC20 fees decreased to $0.3. Still higher than USDT BSC. good move Binance. Title: Re: Binance as the third largest coin Post by: el kaka22 on February 25, 2021, 05:21:34 AM Thanks to Ethereum not working harder to put fees to a lower price and now Binance found a hole to enter the people's heart. I do not like the situation ETH is as well and I hate the gas fee's as much as the next guy but we can't really blame "eth not working harder" because eth is not something that works, it is a system, it is a blockchain thing, and yes there are developers working to make eip 1559 a thing and by July we are going to see ETH fee's as low as it has ever been, we are going to definitely make it cheaper and faster by this summer, but that is developers and they may do that in July, or earlier or later and we can't say anything since they are not owners of eth like how BNB is owned by binance directly. He said it, its not to overtake Bitcoin but more like support it more with the use of their own service. But I think he is also playing safe here so that he won't be making a lot of fuss to pure Bitcoin supporters. I think the goal for now is just to be number 2. But who knows, he could grow that goal in the shadows. ;D Binance has that advantage, they are owned by a company and that company changes whatever they want to make it better, ETH doesn't have that advantage which causes late replies to problems and unfortunately solutions come later than they normally can. Title: Re: Binance as the third largest coin Post by: cryptoaddictchie on February 25, 2021, 05:25:05 AM To my great regret, I also sold this coin in a fairly large volume, because I could not even imagine that this coin would be included in the top 3 coins, I also trade this coin, but not with such a profit ... Very promising coin, I think it will grow to the price of ethereum. Same feeling. Got sold some of my bags way too early. Its just show that anything is unpredictable through time. As I see the hype after it grows, everyone are shifting from traditional uniswap degen to Binance smart chain projects. As usual, rugged projects are associated with the network and I think CZ can't stop that since decentralized function is what those dex on bsc still utilise. Title: Re: Binance as the third largest coin Post by: tvplus006 on February 25, 2021, 10:03:52 AM To my great regret, I also sold this coin in a fairly large volume, because I could not even imagine that this coin would be included in the top 3 coins, I also trade this coin, but not with such a profit ... Very promising coin, I think it will grow to the price of ethereum. There is still a chance to be able to get profit in today's trading. I think Binance is still going up. but right now we have to be patient to be able to wait for it. With the development of the BSC I'm pretty sure Binance will be able to hit the price of 500 $ in the near future. this happened very quickly. buy now there is nothing wrongAfter the price of BNB has increased in a short period to $ 350, the price of $ 500 looks very real. But with the further growth of the entire cryptocurrency market, BNB can reach an even higher price, thanks to the increasing use of the coin in the Binance Smart Chain network. Title: Re: Binance as the third largest coin Post by: Golftech on February 25, 2021, 10:55:05 AM Your title is not correct. It is Binance coin with a ticker is BNB. The OP said coin and that means he referred to BNB. However, I do not see how being number 3 on the list guarantees BNB will continue to be there forever. The spot changes like water tide. Most of those coins that made top list n 2017 or before that are not on that same spot now. At a time, Dogecoin was a top coin too but where is it today? Where is Bytebal? Where is Bitconnectoin? BNB may also lose that spot tomorrow. There's no certainty as we are inside crypto industry, the volatile market keeps changing the position of each project around CMC, there are times that certain project got a much higher demands, way back XRP able to surpassed ETH and stay for some period of time, hope for the best if you invested with BNB and let CZ and all his supporters dictate the future of this coin. Title: Re: Binance as the third largest coin Post by: LUCKMCFLY on February 25, 2021, 01:49:45 PM I think that now the most important thing that is being sought is to avoid the high fees imposed by the ETH network, BNB has made many integrations and in fact has intelligently entered the world of gambling by capturing some famous platforms so that people can play With BNB, it is also preferable to pay a BNB fee than an ETH fee in these moments, and even so the market falls BNB will have a place to hold on since it has entered the market with the highest trading volume.
Title: Re: Binance as the third largest coin Post by: orions.belt19 on February 25, 2021, 01:55:48 PM Apart from its utilization by the binance users, the Binance Smart Chain probably had some contribution to it being the third largest coin. Yield farming enthusiast enjoyed the low tx fees using Pancakeswap as compared to the ether alternative, Uniswap. Since the fees were beyond reasonable (ranging from $100-$1000), many have migrated to BSC despite it being centralized by Binance. I believe many will continue to use BNB since many rewards are offered for using it like discounts in trades or tokens from staking so it has plenty of potential to grow. Unless ETH solves their tx fees some day, users will flock to BSC.
Title: Re: Binance as the third largest coin Post by: repear7 on February 25, 2021, 03:44:45 PM Look at the BNB now. Price of BNB up and down every day.
From my opinion, This is the most perfect currency for daily trading. Yes, We can't make huge profit daily from bnb. But, I think we can make profit daily. Title: Re: Binance as the third largest coin Post by: randegibran on February 25, 2021, 06:14:43 PM Look at the BNB now. Price of BNB up and down every day. Perfect coin to trade if have change price down and up every time, maybe any other coin look stable when up or down but different with BNB become best choose coin as daily day trading, I know many trader wanna get faster profit so you can choose BNB as your coin trading. Every day you can buy on lower price and sell when BNB have higher price although change only 6% until 10%.From my opinion, This is the most perfect currency for daily trading. Yes, We can't make huge profit daily from bnb. But, I think we can make profit daily. Title: Re: Binance as the third largest coin Post by: redsun114 on February 26, 2021, 10:53:08 AM To my great regret, I also sold this coin in a fairly large volume, because I could not even imagine that this coin would be included in the top 3 coins, I also trade this coin, but not with such a profit ... Very promising coin, I think it will grow to the price of ethereum. I also had some earlier but I sold them way back so I don't have any regrets but yeah had I kept the coins with me, I could have easily 10x my money and maybe even more. When Binance was introduced, I was one of the early users and I feel bad that I can't hold on the coins I bought initially.Ethereum has egregiously high fees right now and hence there is big shift towards the Binance chain and hence the high prices. Unless ethereum solves their problems, I believe more and more users shifting to Binance chain and maybe some even towards tron and other blockchains. It is good to see that BNB has crossed USDT in terms of market cap and although Ethereum is a long way to go but given the current circumstances, the gap is closing slowly but surely. Title: Re: Binance as the third largest coin Post by: Questat on February 26, 2021, 02:07:41 PM I think that now the most important thing that is being sought is to avoid the high fees imposed by the ETH network, BNB has made many integrations and in fact has intelligently entered the world of gambling by capturing some famous platforms so that people can play With BNB, it is also preferable to pay a BNB fee than an ETH fee in these moments, and even so the market falls BNB will have a place to hold on since it has entered the market with the highest trading volume. People made a choice to take BNB than keeping ETH. It was the fees that these people would like to escape with. Perhaps, they are not wrong about BNB, a known coin in the market, supported by the Binance exchange, have good profitability, and this is a big factor why it goes like this. And it fueled a lot as they launch the BSC where many ERC20 tokens are doing their market integration. For this sentiment will continue, more investors will consider BNB as their major crypto asset. Title: Re: Binance as the third largest coin Post by: LUCKMCFLY on February 26, 2021, 03:34:15 PM I think that now the most important thing that is being sought is to avoid the high fees imposed by the ETH network, BNB has made many integrations and in fact has intelligently entered the world of gambling by capturing some famous platforms so that people can play With BNB, it is also preferable to pay a BNB fee than an ETH fee in these moments, and even so the market falls BNB will have a place to hold on since it has entered the market with the highest trading volume. People made a choice to take BNB than keeping ETH. It was the fees that these people would like to escape with. Perhaps, they are not wrong about BNB, a known coin in the market, supported by the Binance exchange, have good profitability, and this is a big factor why it goes like this. And it fueled a lot as they launch the BSC where many ERC20 tokens are doing their market integration. For this sentiment will continue, more investors will consider BNB as their major crypto asset. You are right, because people are always going to look for the currency that is cheaper for their fees, in addition, the security it offers is very good, and seeing the emergence that the currency has had, what is shown throughout these years is valuable, If Binance continues to integrate BNB in the platforms of Gambling, Casinos, bookmakers, I am sure that it is capturing a traffic and public that is quite large, the more movement of the currency, the more valuable for investors, traders and players in general. I really admire Binance's ability to introduce BNB in the face of adversity, the high ETH fees have given way to a coin that is taking on more value. Title: Re: Binance as the third largest coin Post by: livingfree on February 26, 2021, 08:40:16 PM Look at the BNB now. Price of BNB up and down every day. It is because that the market is in bloody days. Even bitcoin isn't spared from the price decrease everyday but that's not a big deal if you're into day trading because you just set your orders and go with the flow.From my opinion, This is the most perfect currency for daily trading. Yes, We can't make huge profit daily from bnb. You can make huge profit from it but you have bigger chance to be in losses if you're not to good in it.But, I think we can make profit daily. Title: Re: Binance as the third largest coin Post by: DarkDays on February 26, 2021, 08:55:59 PM To my great regret, I also sold this coin in a fairly large volume, because I could not even imagine that this coin would be included in the top 3 coins, I also trade this coin, but not with such a profit ... Very promising coin, I think it will grow to the price of ethereum. There is still a chance to be able to get profit in today's trading. I think Binance is still going up. but right now we have to be patient to be able to wait for it. With the development of the BSC I'm pretty sure Binance will be able to hit the price of 500 $ in the near future. this happened very quickly. buy now there is nothing wrongAfter the price of BNB has increased in a short period to $ 350, the price of $ 500 looks very real. But with the further growth of the entire cryptocurrency market, BNB can reach an even higher price, thanks to the increasing use of the coin in the Binance Smart Chain network. If the trend continues in green the performance of these tokens should stand out even more! Title: Re: Binance as the third largest coin Post by: tvplus006 on February 27, 2021, 11:12:55 AM Look at the BNB now. Price of BNB up and down every day. Perfect coin to trade if have change price down and up every time, maybe any other coin look stable when up or down but different with BNB become best choose coin as daily day trading, I know many trader wanna get faster profit so you can choose BNB as your coin trading. Every day you can buy on lower price and sell when BNB have higher price although change only 6% until 10%.From my opinion, This is the most perfect currency for daily trading. Yes, We can't make huge profit daily from bnb. But, I think we can make profit daily. Very often it happens that on a certain day you will sell your BNB and get a profit of 10%, and the next day you will wake up and see that the price of the coin has increased by another 50%. And since you will not buy BNB at such a high price, you will be forced to just watch the price of the coin grow day by day. And I have no doubt that BNB has a high potential for such growth. Title: Re: Binance as the third largest coin Post by: SquallLeonhart on February 27, 2021, 12:11:21 PM There's no certainty as we are inside crypto industry, the volatile market keeps changing the position I remember that was like just a year or so ago, XRP was high enough to challenge ETH whereas BNB was out of top 10, now BNB is third while XRP is on its way out of top 10.of each project around CMC, there are times that certain project got a much higher demands, way back XRP able to surpassed ETH and stay for some period of time, hope for the best if you invested with BNB and let CZ and all his supporters dictate the future of this coin. Basically crypto is a bit of a surprise candy, you do not know what's in it, you just hope for the best and go for it. I personally look at coins from the potential perspective and not where they are right now, because if you ask me there is a good chance that people are not really pricing coins properly at each time, but the future will always draw that coin there eventually. So, let's say there is a coin that is at 10 bucks, and I think it should be more than that, I buy it and keep it until it reaches that level but sometimes people overprice it and then I just sell and get out because not all coins could worth top 5 so they will go down. I have few that I really like these days, I think it is going to be super high in the future, let's see what will happen. Title: Re: Binance as the third largest coin Post by: SacriFries11 on February 27, 2021, 12:47:01 PM Look at the BNB now. Price of BNB up and down every day. No not everyday we can make profit sometimes we might lose and we should accepted it.From my opinion, This is the most perfect currency for daily trading. Yes, We can't make huge profit daily from bnb. But, I think we can make profit daily. BNB is drops to top 4 and ADA takes it place at third largest market cap. BNB, ADA, and DOT have the close market cap right now and it's not surprise that each of them will take each spot in the market. Binance is a good platform, its a long ahead for BNB and this year will be great for them. Better to buy it right now for long term. It's has better transaction with low amount of trading fee and transaction fee, a lot of people switch to their platform rather than ETH. Title: Re: Binance as the third largest coin Post by: michellee on February 27, 2021, 01:25:27 PM Look at the BNB now. Price of BNB up and down every day. No not everyday we can make profit sometimes we might lose and we should accepted it.From my opinion, This is the most perfect currency for daily trading. Yes, We can't make huge profit daily from bnb. But, I think we can make profit daily. BNB is drops to top 4 and ADA takes it place at third largest market cap. BNB, ADA, and DOT have the close market cap right now and it's not surprise that each of them will take each spot in the market. Binance is a good platform, its a long ahead for BNB and this year will be great for them. Better to buy it right now for long term. It's has better transaction with low amount of trading fee and transaction fee, a lot of people switch to their platform rather than ETH. Title: Re: Binance as the third largest coin Post by: South Park on February 28, 2021, 06:14:58 AM The pretty obvious reason in my opinion: Ethereum's fees have been quite high for a while, and Binance Smart Chain(BSC)'s fees are drastically lower. And yes, BSC is like magnitudes more centralized than Ethereum, but it comes to show how a lot of people don't care that much if a certain project is decentralization or not as long as they can make their bets on certain tokens. The explanation is really that simple, a great deal of people do not care about decentralization and over the years I have seen people arguing that it is in fact a disadvantage, it is as if they do not seem to realize that if bitcoin was centralized then it would have been eliminated by governments long ago, and since people have that kind of thinking then there is no surprise that a coin that is heavily centralized like binance is now third in terms of market cap and soon enough it could become the second behind bitcoin only.Title: Re: Binance as the third largest coin Post by: aryana42 on February 28, 2021, 06:51:51 AM Look at the BNB now. Price of BNB up and down every day. Luckily every day is the same as you will get a big profit if it is multiplied by the amount you get each day If you can get profit for 30 consecutive days, I am sure the BNB token will fly again to a higher price after this correction is complete.From my opinion, This is the most perfect currency for daily trading. Yes, We can't make huge profit daily from bnb. But, I think we can make profit daily. Title: Re: Binance as the third largest coin Post by: JeffBrad12 on February 28, 2021, 08:26:14 AM Look at the BNB now. Price of BNB up and down every day. That doesn't make sense dude. All coins can be considered as the perfect currency too. How perfect the crypto can't be determined from how volatile such coin compared with another coin because the volatility in crypto is relative. From my opinion, This is the most perfect currency for daily trading. Yes, We can't make huge profit daily from bnb. But, I think we can make profit daily. Sometimes when there is a big movement and the market will be very volatile. You can compare binance with another top coin and the charts were almost the same consider these coins are only following bitcoin. This time bitcoin gets dumped and BNB too. I think that's a bit wrong to say BNB is the perfect coin. Title: Re: Binance as the third largest coin Post by: NASdaq on February 28, 2021, 08:31:37 AM Thats another proof that binance have too much power. They can pump or dump anything
Title: Re: Binance as the third largest coin Post by: lixer on February 28, 2021, 10:51:33 AM We should not be surprised to see the increase in BNB which is so fast and become the third largest coin, because Changpeng Zhao was able to make Binance exchange the best. Surely he can do it at BNB too, but to be able to overtake with Ethereum is still possible, even though it takes a long time. Meanwhile, to overtake with Bitcoin, I'm sure there will be no coins that can overtake with it. It is very fortunate for BNB holders today to enjoy large profits. Also all the BNB earned through fees on the Binance platform, as far as I am aware, are burned and hence the supply is shrinking and the demand is either remaining the same or just increasing every day which ultimate leads to pumping of BNB token.I do not see how being number 3 on the list guarantees BNB will continue to be there forever. The spot changes like water tide. Most of those coins that made top list n 2017 or before that are not on that same spot now. At a time, Dogecoin was a top coin too but where is it today? Where is Bytebal? Where is Bitconnectoin? BNB may also lose that spot tomorrow. Right but all the names you taken never had a product to support the hype and hence they failed to dominate the market in the extended run. Dogecoin was just a meme which I personally used to save transaction fees. BNB is supported and based on the whole Binance exchange, their latest services like I read somewhere about Binance bridge and on top of all, being the biggest exchange there are lots of BNB being burnt daily which like I mentioned above, leads to the growth of BNB as supply shrinks.Title: Re: Binance as the third largest coin Post by: torrantz on February 28, 2021, 10:56:28 AM Now it's Cardano that becomes third largest coin, guess the third position changing really frequently but I honestly don't expect BNB to get overtaken by cardano meanwhile the BSC is really on fire with all the new projects migrating.
I guess BNB now has lost hope to overtake ETH and steal the 2nd position considering the market cap gap also too huge, maybe if BNB could show good performance again like before. Title: Re: Binance as the third largest coin Post by: Sled on February 28, 2021, 11:02:48 AM Thats another proof that binance have too much power. They can pump or dump anything They can't go to that position if they don't have the support for the community. Investors, traders, the people are seeing BNB has huge potentials and that brought attention. We are not wrong about choosing BNB as one of our assets and we are satisfied enough with what it gives to us as a return of our trust and investment. Some say's that soon it replaces ETH, well, I respect that but that is quite impossible. Well, we have to know some limitations as well, and being the third largest coin in the market is already a big achievement of the team. Title: Re: Binance as the third largest coin Post by: bitcon on March 01, 2021, 08:54:24 PM Thats another proof that binance have too much power. They can pump or dump anything BNB took its place very deservedly. I like this coin and the exchange. I think everyone has been watching the development of the entire Binance for a long time and see how many areas it covers and how harmoniously it adjusts to any changes in the crypto market. Many people appreciated the advantages of BSC, which offers convenient and practical working conditions, fast transactions with a small commission. I consider such projects to be excellent examples of the growth of the crypto market as a full-fledged economic industry, which is moving the world forward. ;) Title: Re: Binance as the third largest coin Post by: posi on March 02, 2021, 02:28:55 AM The pretty obvious reason in my opinion: Ethereum's fees have been quite high for a while, and Binance Smart Chain(BSC)'s fees are drastically lower. And yes, BSC is like magnitudes more centralized than Ethereum, but it comes to show how a lot of people don't care that much if a certain project is decentralization or not as long as they can make their bets on certain tokens. The explanation is really that simple, a great deal of people do not care about decentralization and over the years I have seen people arguing that it is in fact a disadvantage, it is as if they do not seem to realize that if bitcoin was centralized then it would have been eliminated by governments long ago, and since people have that kind of thinking then there is no surprise that a coin that is heavily centralized like binance is now third in terms of market cap and soon enough it could become the second behind bitcoin only.Title: Re: Binance as the third largest coin Post by: shoreno on March 02, 2021, 02:38:27 AM With the state by the CEO, do you think he is working harder to overtake etheruem or bitcoin ??? ;D ;D his post have double meaning to me when i read it because at first it clearly explains how they want to beat btc but on the last part of his post he got humble and say that they dont wanna compete against btc . ok we can skip btc but eth is also a qualified competitor of bnb and he didnt clarify if his coin is competiting against eth or not so people are going to continue debating it . eth puts a stress to us and we dont mind if bnb can be a solution to that but itl be hard if bnb can end btc because btc didnt really give us a headache .Title: Re: Binance as the third largest coin Post by: yazher on March 02, 2021, 05:09:09 AM Cryptocurrencies mostly used for trading purposes until now and Binance is the exchange which is having more trading volume and they offer discounts on the trading fee if they have BNB in their wallet then every trader frm Binance is going to have it that is the basic reason why it was surging in volume in the past but in the recent times BSC is the reason why it went to new heights and ethereum network should be blamed for this not the hardware of BNB team. :D Yeah! that should be it especially about their exchange platform which is easy to use and the maximum withdrawal per day is quite high for the non-verified users. That's why their coin has become one of the sensations in this massive bull-run season. Therefore, there's no doubt that their coins will rise that high when everyone seems to use their network instead of Ethereum where the price is quite high. Nowadays, wherever some platform has offered both convenience and low fees, they will be chosen by many investors compared to those who put a large number of transaction fees on their exchanges which is not just. Title: Re: Binance as the third largest coin Post by: oprahwindfury on March 03, 2021, 02:02:13 PM Cryptographic forms of money for the most part utilized for exchanging purposes as of not long ago and Binance is the trade which is having really exchanging volume and they offer limits on the exchanging expense in the event that they have BNB in their wallet, each merchant from Binance will have it that is the fundamental motivation behind why it was flooding in volume in the past yet in the new occasions BSC is the motivation behind why it went higher than ever and ethereum organization ought to be reprimanded for this not the equipment of BNB group.
Title: Re: Binance as the third largest coin Post by: iTradeChips on March 03, 2021, 02:26:09 PM Last time I have checked, I saw Cardano to be the one that is at the third place, and Binance is at the fourth place. For many who use Binance exchange, they know how useful this coin is and how this can be utilized by many traders and investors in their dealings with Binance. I am pretty sure that it will go back to third place and might go second after a few years to beat Ethereum for the second place. We surely cannot wait for that to happen.
Title: Re: Binance as the third largest coin Post by: mekar sari on March 03, 2021, 02:33:33 PM Last time I have checked, I saw Cardano to be the one that is at the third place, and Binance is at the fourth place. For many who use Binance exchange, they know how useful this coin is and how this can be utilized by many traders and investors in their dealings with Binance. I am pretty sure that it will go back to third place and might go second after a few years to beat Ethereum for the second place. We surely cannot wait for that to happen. developments that always look good make BNB in third position besides that, BNB has a very fast network and very cheap feesIt's different from Ethereum, which has a very high fee and makes everyone annoyed, I agree with you that sooner or later BNB can shift the position of ethereum Title: Re: Binance as the third largest coin Post by: tvplus006 on March 03, 2021, 02:53:29 PM developments that always look good make BNB in third position besides that, BNB has a very fast network and very cheap fees It's different from Ethereum, which has a very high fee and makes everyone annoyed, I agree with you that sooner or later BNB can shift the position of ethereum Positions in the rating change very quickly and so far its permanent leaders are bitcoin and ethereum. Currently, BNB is in fourth place, behind the prize-winning Cardano. But this does not make BNB less useful not only for investors, but also for traders. And with the development of BSC, it will be even more in demand. Title: Re: Binance as the third largest coin Post by: rahmatullah9305 on March 03, 2021, 03:02:53 PM if we look at the market cap it is true. BNB is in the top 3 altcoin ranking at the moment. There is also a possibility that it can move up to rank 2 to shift Cardano. but Cardano is in development at the moment. there is the potential for success as well as responding to the market there is also the opposite. we will see how BNB will attract the market's attention with what kind of development. In terms of market capitalization it may be correct, but are the current rankings not based on market capitalization? because I see that the BNB token is still below Cardano in the rankings, so is this just a coincidence or a mistake in saying it?Title: Re: Binance as the third largest coin Post by: Golftech on March 03, 2021, 03:14:29 PM if we look at the market cap it is true. BNB is in the top 3 altcoin ranking at the moment. There is also a possibility that it can move up to rank 2 to shift Cardano. but Cardano is in development at the moment. there is the potential for success as well as responding to the market there is also the opposite. we will see how BNB will attract the market's attention with what kind of development. In terms of market capitalization it may be correct, but are the current rankings not based on market capitalization? because I see that the BNB token is still below Cardano in the rankings, so is this just a coincidence or a mistake in saying it?Cardano went up and take the third position from CMC, basing with the current market situation BNB is just 1.5 Billions away from ADA, and with how market is moving it's not far and any time BNB can surpassed and take the 3rd spot. It's nice to see the competitions, not just hypes but development that offers something that investors and developers are enjoying. Title: Re: Binance as the third largest coin Post by: aysg76 on March 03, 2021, 03:16:12 PM Binance has come a long way after the introduction of its own coin BNB which is now trading at $244.77 with total market cap of $38 billion which is quite large.It is now at 4th position just behind Cardano,ETH and Bitcoin.The main reason for such growth was large volume of trades on exchange and Introduction of its own smart chain Binance smart chain which will operate on its blockchain seperate from ETH.Many Defi projects are now shifting towards Binance smart chain because of network congestion and higher fees of ETH blockchain technology so that's why there has been surge in the prices of the coin in past few months.
https://i.ibb.co/gjCj1Nt/Screenshot-20210303-203944-01.jpg (https://ibb.co/Lkfkwm9) These charts show how much growth BNB coin has witness in such short span of time as lines have went straight upwards from $40-$50 to present $228. Title: Re: Binance as the third largest coin Post by: Shasha80 on March 03, 2021, 03:38:36 PM BNB supporters a little disappointed right now, because BNB being the third largest coins only lasted a short time. Because BNB's position as the third
largest coin is now being taken over by ADA, but in the near future there may be changes again. This is proof that to become the top 3 crypto is not easy, it takes a lot of promotions to attract more investors. And in my opinion BNB is the most serious about being the best altcoins, even according to some articles BNB in the future is predicted to replace ETH. Title: Re: Binance as the third largest coin Post by: FahriZah on March 03, 2021, 05:27:05 PM In all honesty, each altcoins needs to overwhelm Bitcoin on top, they are doing everything to get it going. BNB are gradually arriving, they demonstrate that they are not simply a typical trade and their coin is a major thing. On the off chance that the CEO of BNB have that solid outlook and objectives, I'm certain they can accomplish a large number along their way
Title: Re: Binance as the third largest coin Post by: kak uli on March 03, 2021, 06:14:03 PM Quote On Feb. 10 Binance Coin (BNB) hit a new all-time high at $148 after the native exchange token rallied 121% since the start of the week. After the above was a new story of binance now hitting a surprising ATH. IMO bnb has been a magic revelation for cryptocurrency. It has taken over from top coins and now trading behind etheruem as number three spot , this is amazing and a regret to many who sold off in fear back in 2017 when the price was selling slightly above $3. Now after two years, it has done more than 480x against bitcoin (according to the CEO) There are some factors I think are possible a reason for the bnb Quote 1.Surging volume Between September 2020 and December 2020 the price of BNB traded between $23 to $35 with an average daily volume of $400 million. Since Dec. 28 there has been a steady increase in 24-hour trading volume and token price as Bitcoin (BTC) price broke out to new highs and DeFi made its presence felt across the crypto sector. BNB’s 24-hour trading volume surpassed $1 billion for the first time on Feb. 1 and a new record $7.52 billion volume record was set on Feb.10 as the price crossed above $148. Quote 2.DeFi integration gives Binance an edge Since 2020 centralized exchanges had been ceding market share to decentralized finance protocols which offered users access to newly launched tokens and high APY returns for providing liquidity. To make up for this loss of market share, Binance incorporated new DeFi components, including the creation of Binance DEX which supports a few interoperability-focused DeFi projects. Binance also increased the number of tokens available on its staking platform and the exchange raised the interest rates for each token to encourage investors to stay on the exchange instead of chasing yields at SushiSwap and Uniswap. BNB plays a role in fee settlement and transfers, thus boosting its volume and value over the past few months. Quote 3. New listings and partnerships Binance has not been shy about quickly listing new projects from the DeFi sector and these listings often spark a sharp increase in the trading volume and price of the newly listed token. For example, when Uniswap and SushiSwap burst onto the scene and threatened to take some of Binance’s trading volume, the exchange countered by listing both UNI, SUSHI and many of the projects that were attracting investors’ attention. Several prominent DeFi projects were initially launched on Binance Launchpad, the in-house token launch platform that helps blockchain projects raise funds, and more projects being added on a regular basis. Projects like Kava, which operates on the Cosmos (ATOM) blockchain, and Venus (XVS), which operates on the Binance chain, were incubated on Binance Launchpad and have since become established DeFi projects that continue to gain momentum. A scroll through Binance’s Twitter feed shows daily announcements of new partnerships and integrations and for investors to interact with many of these projects they are oftentimes using BNB as part of the transaction. With a 24-hour trading volume of $32.8 billion, a figure 7 times larger than its closest competitor Coinbase Pro, Binance continues to dominate among centralized and decentralized exchanges. Binance Coin appears well positioned for further growth, especially considering that BNB is an integral part of many of the platforms and processes at Binance. The last point about listing new project is an eye opener. This is purely a business strategy to armtwist a competitor. It is stating the obvious that binance exchange won't irrationally list acoin without sequel benefit to the exchange. However, the CEO Changpeng Zhao Quote noted that BNB has been setting new all-time highs not only in fiat terms, but also in relation to the world’s largest cryptocurrency, Bitcoin (BTC). “From a humble 0.00001 BTC per BNB, we have grown 480x against BTC in the last 3 and half years,” Zhao wrote. He said that BNB’s performance against BTC has been the main goal of Binance: “This has always been our goal, to grow a bit faster than BTC. Not over taking it, but with so much effort we put in, we want to see it grow a bit faster. Otherwise, we should just buy BTC and not work. With the state by the CEO, do you think he is working harder to overtake etheruem or bitcoin ??? ;D ;D https://cointelegraph.com/news/3-reasons-why-binance-coin-bnb-hit-a-new-all-time-high-at-148 from some of the reasons that you state it is very interesting and clear, but not only this year BNB will continue to crawl to Fantastic prices, even now even though the price is quite high, many traders are still trading in BNB. That's why BNB still has the opportunity to get the best price in the future. but BNB can't match ethereum, ;D ;D ;D I think that's the way it is Title: Re: Binance as the third largest coin Post by: Kitaiev on March 03, 2021, 06:48:32 PM Yes, the coin has shown a very large growth and recently a lot of volatility but i still do not believe that the binance blockchain will not be more attractive for large projects. I'm inclined to believe that when there is a market correction the coin will lose more than 50% of the price of the historical maximum.
Title: Re: Binance as the third largest coin Post by: jamalaezaz on March 03, 2021, 06:58:07 PM The pretty obvious reason in my opinion: Ethereum's fees have been quite high for a while, and Binance Smart Chain(BSC)'s fees are drastically lower. And yes, BSC is like magnitudes more centralized than Ethereum, but it comes to show how a lot of people don't care that much if a certain project is decentralization or not as long as they can make their bets on certain tokens. I totally agree with your opinion. even I myself liked eth very much because of their Decentralized nature all the cool features. but this insanse gas fee. just made me move to alternative sources even if they are centralized and do not give that much freedom as eth.I think Eth Dev better solve this problem. Binace reached to 3rd top currency. if eth goes like that there is very much possibility that binance will overtake eth one day. Title: Re: Binance as the third largest coin Post by: optimisticcm on March 03, 2021, 09:49:07 PM Quote On Feb. 10 Binance Coin (BNB) hit a new all-time high at $148 after the native exchange token rallied 121% since the start of the week. After the above was a new story of binance now hitting a surprising ATH. IMO bnb has been a magic revelation for cryptocurrency. It has taken over from top coins and now trading behind etheruem as number three spot , this is amazing and a regret to many who sold off in fear back in 2017 when the price was selling slightly above $3. Now after two years, it has done more than 480x against bitcoin (according to the CEO) There are some factors I think are possible a reason for the bnb Quote 1.Surging volume Between September 2020 and December 2020 the price of BNB traded between $23 to $35 with an average daily volume of $400 million. Since Dec. 28 there has been a steady increase in 24-hour trading volume and token price as Bitcoin (BTC) price broke out to new highs and DeFi made its presence felt across the crypto sector. BNB’s 24-hour trading volume surpassed $1 billion for the first time on Feb. 1 and a new record $7.52 billion volume record was set on Feb.10 as the price crossed above $148. Quote 2.DeFi integration gives Binance an edge Since 2020 centralized exchanges had been ceding market share to decentralized finance protocols which offered users access to newly launched tokens and high APY returns for providing liquidity. To make up for this loss of market share, Binance incorporated new DeFi components, including the creation of Binance DEX which supports a few interoperability-focused DeFi projects. Binance also increased the number of tokens available on its staking platform and the exchange raised the interest rates for each token to encourage investors to stay on the exchange instead of chasing yields at SushiSwap and Uniswap. BNB plays a role in fee settlement and transfers, thus boosting its volume and value over the past few months. Quote 3. New listings and partnerships Binance has not been shy about quickly listing new projects from the DeFi sector and these listings often spark a sharp increase in the trading volume and price of the newly listed token. For example, when Uniswap and SushiSwap burst onto the scene and threatened to take some of Binance’s trading volume, the exchange countered by listing both UNI, SUSHI and many of the projects that were attracting investors’ attention. Several prominent DeFi projects were initially launched on Binance Launchpad, the in-house token launch platform that helps blockchain projects raise funds, and more projects being added on a regular basis. Projects like Kava, which operates on the Cosmos (ATOM) blockchain, and Venus (XVS), which operates on the Binance chain, were incubated on Binance Launchpad and have since become established DeFi projects that continue to gain momentum. A scroll through Binance’s Twitter feed shows daily announcements of new partnerships and integrations and for investors to interact with many of these projects they are oftentimes using BNB as part of the transaction. With a 24-hour trading volume of $32.8 billion, a figure 7 times larger than its closest competitor Coinbase Pro, Binance continues to dominate among centralized and decentralized exchanges. Binance Coin appears well positioned for further growth, especially considering that BNB is an integral part of many of the platforms and processes at Binance. The last point about listing new project is an eye opener. This is purely a business strategy to armtwist a competitor. It is stating the obvious that binance exchange won't irrationally list acoin without sequel benefit to the exchange. However, the CEO Changpeng Zhao Quote noted that BNB has been setting new all-time highs not only in fiat terms, but also in relation to the world’s largest cryptocurrency, Bitcoin (BTC). “From a humble 0.00001 BTC per BNB, we have grown 480x against BTC in the last 3 and half years,” Zhao wrote. He said that BNB’s performance against BTC has been the main goal of Binance: “This has always been our goal, to grow a bit faster than BTC. Not over taking it, but with so much effort we put in, we want to see it grow a bit faster. Otherwise, we should just buy BTC and not work. With the state by the CEO, do you think he is working harder to overtake etheruem or bitcoin ??? ;D ;D https://cointelegraph.com/news/3-reasons-why-binance-coin-bnb-hit-a-new-all-time-high-at-148 The vast ecosystem of binance and its products is really helping crypto mass adoption as well. Title: Re: Binance as the third largest coin Post by: ivankoh on March 03, 2021, 10:09:54 PM The pretty obvious reason in my opinion: Ethereum's fees have been quite high for a while, and Binance Smart Chain(BSC)'s fees are drastically lower. And yes, BSC is like magnitudes more centralized than Ethereum, but it comes to show how a lot of people don't care that much if a certain project is decentralization or not as long as they can make their bets on certain tokens. I totally agree with your opinion. even I myself liked eth very much because of their Decentralized nature all the cool features. but this insanse gas fee. just made me move to alternative sources even if they are centralized and do not give that much freedom as eth.I think Eth Dev better solve this problem. Binace reached to 3rd top currency. if eth goes like that there is very much possibility that binance will overtake eth one day. I recognize the achievements of BSC and their ambitions. But a little bit related, China has never been crypto-friendly. and the main difficulty is to trust the trends that are recommended, but not with enough springs. Title: Re: Binance as the third largest coin Post by: Willitivity on March 03, 2021, 10:13:05 PM Yeah, BNB was the third biggest crypto by marketcap only for a while, and what lead to that was the insane gas fees on the Ethereum blockchain, investors and retailers decided to move over to a blockchain which doesn't charge much for one transaction, and boom BSC was there, some altcoin projects have started creating tokens that are based on Binance Smart Chain already, since it seems like the high gas fees on Ethereum will continue for a very long tim, as long as the bull market continues and eth keeps pumping there will be no low fees on eth network.
Title: Re: Binance as the third largest coin Post by: AVolp on March 03, 2021, 10:27:21 PM I think the addition of the BSC "Binance Smart Chain" has certainly boosted the Binance ecosystem, with the high fees associated with trading on the Etherium ecosystem people have seemingly moved across and are making the most of the lowers fees. And even though the Etherium network would be more decentralised - I dont think people care - It's more about saving on fees to them that matters. And even with all of this I would like to add that if you look back - BNB has been one of the best performing assets in the cryptocurrency space - CZ is a smart guy who sees opportunity and pounces, that's why he's so successful.
Title: Re: Binance as the third largest coin Post by: Twinkledoe on March 03, 2021, 10:32:42 PM I think the addition of the BSC "Binance Smart Chain" has certainly boosted the Binance ecosystem, with the high fees associated with trading on the Etherium ecosystem people have seemingly moved across and are making the most of the lowers fees. And even though the Etherium network would be more decentralised - I dont think people care - It's more about saving on fees to them that matters. And even with all of this I would like to add that if you look back - BNB has been one of the best performing assets in the cryptocurrency space - CZ is a smart guy who sees opportunity and pounces, that's why he's so successful. Right now, it is more on saving fees rather than thinking that BSC is centralized platform. As many people are tired of high gas fees under eth, you can't blame them to look for better alternatives. If Binance will boost their marketing for this BSC network, in time, it will be a good competitor of eth network especially for those that are looking for other options and features. Title: Re: Binance as the third largest coin Post by: kapalmabur on March 03, 2021, 11:40:06 PM Because of the Binance Smartchain, Binance is a very useful altcoin, low fee,
user friendly and has a reputation as the number 1 exchange in the world, Binance shows that they have strong fundamentals and deserve to be in the top 3, but their Ethereum rivals I believe are still it's not over yet to think about the problems they face, congratulations to your BNB holders! Title: Re: Binance as the third largest coin Post by: HaekalZ on March 04, 2021, 01:55:46 AM Binance (BNB) as the third largest coin in cryptocurrencies, it has so many potential that it can really beat BTC in the future, maybe in 2030.
why? because every altcoins in binance like CAKE , BAKE, has already gone up, i do believe that this coin can be the leader of the cryptocurrencies in the future. Title: Re: Binance as the third largest coin Post by: GWS My Boy on March 04, 2021, 02:13:30 AM Binance (BNB) as the third largest coin in cryptocurrencies, it has so many potential that it can really beat BTC in the future, maybe in 2030. it is still too early if BNB is sbeut as one of the coins that can replace bitcoin although the development of BNB looks very good but there are other coins that are more appropriate namely ethereum Volumes are still in the hands of ethereum than BNB so I still believe in ethereum even then of course it takes a very long timewhy? because every altcoins in binance like CAKE , BAKE, has already gone up, i do believe that this coin can be the leader of the cryptocurrencies in the future. Title: Re: Binance as the third largest coin Post by: TastyChillySauce00 on March 04, 2021, 03:49:47 AM Thats another proof that binance have too much power. They can pump or dump anything Their capital is indeed very high but if I doubt they got this far just because of they have the capital, to just pump and wastes billions of dollars seem doesn't make sense to me unless they could influence people into following the bullrun just like how elon could hype up dogecoins. After all binance influence already covers every corner of crypto. Title: Re: Binance as the third largest coin Post by: cafee_orange on March 04, 2021, 06:07:19 AM Binance became an Altcoin that was reckoned with in trading and grew to become the number 3 altcoin after Bitcoin and Ethereum which was inseparable from the hard work of developer Changpeng Zhao and his team. and it looks like Changpeng Zhao will show us all that Binance is a potential competitor to all altcoins for the foreseeable future. besides that Binance is actively trying to expand its reach by opening Fiat to Crypto channels around the world so that it will increase its number of subscribers. All of the above factors are why BNB is a great token to keep. this is the effort that is being developed by BINANCE
https://blockchainmedia.id/beli-bitcoin-di-binance-kini-bisa-pakai-kartu-kredit/ Title: Re: Binance as the third largest coin Post by: uelque on March 04, 2021, 07:47:25 AM With the state by the CEO, do you think he is working harder to overtake etheruem or bitcoin ??? ;D ;D https://cointelegraph.com/news/3-reasons-why-binance-coin-bnb-hit-a-new-all-time-high-at-148 Of course. That shoud not be ask. Every coin BnB or not would always work even harder to overtake those coins at the top. That's every CEO's main goal, and I can't be wrong. And overtaking Bitcoin and Ethereum would still take a lot more years before it happens as majority would say. But still, who knows right? The expansion of DeFi related protocols in BSC, partnerships and integration made by Binance is something to look up to, because a lot more things might happen having their wise decision. Title: Re: Binance as the third largest coin Post by: bonyaserg on March 04, 2021, 10:36:20 AM Now that a large number of coins are growing in the cryptocurrency market. The Binanc coin began to amaze with its dramatic growth. And this coin is already becoming very popular among traders. This means that you can invest in this coin and get a good profit. And now I believe that Binanc has big plans for the future. So what to work on and make plans with the Binanc coin.
Title: Re: Binance as the third largest coin Post by: South Park on March 05, 2021, 05:04:41 AM Thats another proof that binance have too much power. They can pump or dump anything It is true that binance is becoming too powerful but if people do not like it then they either need to decide on their own to not use it, something very unlikely because most people do not care about a centralized institution becoming that strong, or the other possibility is that the competitors of binance up their game and begin to offer a better service and they release their own coins, while this will bring even more centralized coins this will lower the dominance of binance over the market and yet most exchanges do not seem to be close to be able to compete with binance anytime soon.Title: Re: Binance as the third largest coin Post by: babykika2027 on March 05, 2021, 06:05:04 AM Good illusration what happens when you have big enough exchange and army of fanatics
Title: Re: Binance as the third largest coin Post by: Lantind on March 05, 2021, 06:38:23 AM it is still too early if BNB is sbeut as one of the coins that can replace bitcoin although the development of BNB looks very good but there are other coins that are more appropriate namely ethereum Volumes are still in the hands of ethereum than BNB so I still believe in ethereum even then of course it takes a very long time In general, neither Ethereum nor BNB will be able to beat Bitcoin at any time, tokens that are already popular such as Ethereum and BNB are the basics of users and token enthusiasts, while Bitcoin has exceeded that, you can see Bitcoin Volume, Bitcoin Community, How many Bitcoin enthusiasts and Bitcoin users, even though in terms of price it has been defeated by the YFI DeFi token, but in position and others it cannot be beaten. Title: Re: Binance as the third largest coin Post by: Natalim on March 05, 2021, 11:17:51 AM it is still too early if BNB is sbeut as one of the coins that can replace bitcoin although the development of BNB looks very good but there are other coins that are more appropriate namely ethereum Volumes are still in the hands of ethereum than BNB so I still believe in ethereum even then of course it takes a very long time In general, neither Ethereum nor BNB will be able to beat Bitcoin at any time, tokens that are already popular such as Ethereum and BNB are the basics of users and token enthusiasts, while Bitcoin has exceeded that, you can see Bitcoin Volume, Bitcoin Community, How many Bitcoin enthusiasts and Bitcoin users, even though in terms of price it has been defeated by the YFI DeFi token, but in position and others it cannot be beaten. Title: Re: Binance as the third largest coin Post by: Oshosondy on March 05, 2021, 06:23:41 PM some other altcoins did go up, but in terms of market capitalization, BNB was even able to be in position 3. Do you also think the same as me that in the next few years BSC will be able to compete with ethereum? As for this year January, BNB was less than $100, but increased abruptly to $120 and later get another increase to over $350, that was the time BNB climbed the ladder to the third strongest cryptocurrency. But its price later decreased and now at $225 which makes its marketcap to drop below the marketcap of Cardona which is the third most strongest now, while Tether is the four while BNB now at fifth position. Title: Re: Binance as the third largest coin Post by: sgenuine on March 06, 2021, 09:14:08 PM it is still too early if BNB is sbeut as one of the coins that can replace bitcoin although the development of BNB looks very good but there are other coins that are more appropriate namely ethereum Volumes are still in the hands of ethereum than BNB so I still believe in ethereum even then of course it takes a very long time In general, neither Ethereum nor BNB will be able to beat Bitcoin at any time, tokens that are already popular such as Ethereum and BNB are the basics of users and token enthusiasts, while Bitcoin has exceeded that, you can see Bitcoin Volume, Bitcoin Community, How many Bitcoin enthusiasts and Bitcoin users, even though in terms of price it has been defeated by the YFI DeFi token, but in position and others it cannot be beaten. Of course, Bitcoin in its technical characteristics is inferior to today's tokens and cryptocurrencies. But in terms of popularity, BTC is the best. Whatever projects appear now, none of them will be able to outshine Bitcoin. Bitcoin will remain a symbol of the beginning of the cryptocurrency era, even if it loses its popularity and value after many years. Be that as it may, investing in BTC is the most profitable asset that is guaranteed to bring good returns. It is not for nothing that everyone is trying to invest in Bitcoin. Title: Re: Binance as the third largest coin Post by: carrie_white on March 07, 2021, 03:01:00 PM Binance exchange is the main reason why the BNB coin is the third largest coin in the crypto market, because in my opinion there are so many new people who are interested in the world of crypto, and they are looking for the best exchange so that their investment money is safe, Binance Exchange is the answer, because Binance Exchange is already very popular and very reliable
Title: Re: Binance as the third largest coin Post by: South Park on March 09, 2021, 03:58:04 AM Good illusration what happens when you have big enough exchange and army of fanatics This also happens because most people do not really care about decentralization at all, they only care about making money and if they can make money with the binance coin then that is what they are going to do, and I think that as the market grows this posture is going to get more and more popular as the percentage of people that are actually aware of the ideals behind bitcoin and decentralized cryptocurrencies is getting smaller each year.Title: Re: Binance as the third largest coin Post by: DanielBroonze on March 09, 2021, 04:14:57 AM The pretty obvious reason in my opinion: Ethereum's fees have been quite high for a while, and Binance Smart Chain(BSC)'s fees are drastically lower. And yes, BSC is like magnitudes more centralized than Ethereum, but it comes to show how a lot of people don't care that much if a certain project is decentralization or not as long as they can make their bets on certain tokens. Agreed with you! BSC Fees are low compared to Ethereum's fees. Title: Re: Binance as the third largest coin Post by: Mulann2 on March 09, 2021, 04:32:38 AM As long as bitcoin continues its high dominance, nothing can beat bitcoin, it will remain in the top. Bitcoin has an anonymous creator, and that's the purpose of bitcoin which is to bring anonymity and the brand of our market is bitcoin, without bitcoin crypto would not be popular. Bitcoin will not give anonymity, the creator is anonymous but that is a completely different story altogether and it started the market but what does it do in the context for other coins. BNB rallied and you should thank ETH for that as the delay in transaction has forced some developers to move to BSC and that helped them gain momentum.Title: Re: Binance as the third largest coin Post by: tygeade on March 09, 2021, 09:47:00 AM Lol ;D I know for sure that deep down in his mind he’s going to want their BNB coin to overtake Bitcoin, but he said what he said because he doesn’t want to say that they are working towards BNB overtaking Bitcoin and then the public will start looking forward to when the BNB coin will overtake Bitcoin.
You know that when the public has their eyes and at the end it never worked, it’s going to be a problem for them because a lot of people are going to start talking about it and even bashing them for it. So he’s just keeping it safe by saying they just want the growth and nothing more. Title: Re: Binance as the third largest coin Post by: TastyChillySauce00 on March 09, 2021, 10:54:45 AM This is indeed a reality if we see today that Binance has experienced a fantastic increase. If we observe the increase that has occurred in BNB today, it is indeed quite large. Indeed, if we look at BNB and Ethereum at this time, it will become a competitor. The strong reason the two will compete is because the current BNB is even though the platform is still new to Kumunitas and also the Token in the network is also high. The data shows that the graph of the increase in BNB is quite fast every day. yeah, both of them will compete later. BNB offers low fees but fundamentally remains high ethereumsome other altcoins did go up, but in terms of market capitalization, BNB was even able to be in position 3. Do you also think the same as me that in the next few years BSC will be able to compete with ethereum? The gap between both of the coins in term of market cap still too high, BNB better get far ahead of cardano first before competing with Ethereum because it seems the #3 position keeps on changing, you could say that if BNB market cap is not even half of ethereum the competition won't be happening. Not to mention the gap between BNB and all the top coins behind aren't that far ahead. Title: Re: Binance as the third largest coin Post by: livingfree on March 09, 2021, 11:02:46 AM I see it again today that BNB comes back as #3 in the market in terms of market cap. Maybe others would be considering it becoming #3 because of the price increase.
But that's not how it goes, the market cap is the basis and it's again there. I think a few days ago it was ADA. Title: Re: Binance as the third largest coin Post by: DoctorMark on March 09, 2021, 11:40:39 AM I see it again today that BNB comes back as #3 in the market in terms of market cap. Maybe others would be considering it becoming #3 because of the price increase. But that's not how it goes, the market cap is the basis and it's again there. I think a few days ago it was ADA. Yeah it's been alternating between ADA Binance coint and tether Title: Re: Binance as the third largest coin Post by: livingfree on March 09, 2021, 07:31:25 PM I see it again today that BNB comes back as #3 in the market in terms of market cap. Maybe others would be considering it becoming #3 because of the price increase. But that's not how it goes, the market cap is the basis and it's again there. I think a few days ago it was ADA. Yeah it's been alternating between ADA Binance coint and tether The transition for those coins and replacing at that spot is very quick. Before, it was a long time on XRP but because of the lawsuit it has gone lower this time and its ranking dropped to #7. And for these coins, it was expected that they'll be on that ranking close to each other but I'm surprised to see ADA on that position. Title: Re: Binance as the third largest coin Post by: Fivestar4everMVP on March 09, 2021, 07:44:07 PM Binance have really come a long way, in as much as I don't own a single binance coin, neither have I ever profited from the coin, but am still proud of how far and successful the project have come to be, binance bnb is a blessing to many people in the crypto space, I regret not buying the coin when it was still cheap, but still, am happy for those who did and were able to profit immensely from the surge so far.
Title: Re: Binance as the third largest coin Post by: Kang TB on March 09, 2021, 08:08:17 PM I see it again today that BNB comes back as #3 in the market in terms of market cap. Maybe others would be considering it becoming #3 because of the price increase. But that's not how it goes, the market cap is the basis and it's again there. I think a few days ago it was ADA. there is a competitions between BNB and cardano in market capitalizations but, i'm sure BNB will be the winner, just like now because BNB supported by a first class centralized exchange called binance Title: Re: Binance as the third largest coin Post by: Natalim on March 09, 2021, 09:56:49 PM As long as bitcoin continues its high dominance, nothing can beat bitcoin, it will remain in the top. Bitcoin has an anonymous creator, and that's the purpose of bitcoin which is to bring anonymity and the brand of our market is bitcoin, without bitcoin crypto would not be popular. Bitcoin will not give anonymity, the creator is anonymous but that is a completely different story altogether and it started the market but what does it do in the context for other coins. BNB rallied and you should thank ETH for that as the delay in transaction has forced some developers to move to BSC and that helped them gain momentum.Title: Re: Binance as the third largest coin Post by: livingfree on March 09, 2021, 10:16:42 PM I see it again today that BNB comes back as #3 in the market in terms of market cap. Maybe others would be considering it becoming #3 because of the price increase. But that's not how it goes, the market cap is the basis and it's again there. I think a few days ago it was ADA. there is a competitions between BNB and cardano in market capitalizations but, i'm sure BNB will be the winner, just like now because BNB supported by a first class centralized exchange called binance There could be good news for the other and that will make the pump for their price and market cap. And when a bad news comes, traders and investors are quick to sell them rightaway. But for me, I don't see it as a competition. Title: Re: Binance as the third largest coin Post by: crazy-pilot on April 05, 2021, 07:29:50 PM It's amazing how the head of Binance managed in such a short time to raise the centralized coin entirely dependent on the exchange to such a high level. Indeed, in fact, he created an alternative sit down with minimal commissions, while allowing you to move coins to the Ethereum network with almost no commission. If it were not for the bull run and the rise in gas prices, who knows how much the BSC network would be in demand, but we have an unprecedented case when the exchange token becomes in fact the market leader.
Title: Re: Binance as the third largest coin Post by: 2double0 on April 05, 2021, 07:38:20 PM It's amazing how the head of Binance managed in such a short time to raise the centralized coin entirely dependent on the exchange to such a high level. Indeed, in fact, he created an alternative sit down with minimal commissions, while allowing you to move coins to the Ethereum network with almost no commission. If it were not for the bull run and the rise in gas prices, who knows how much the BSC network would be in demand, but we have an unprecedented case when the exchange token becomes in fact the market leader. I am so very happy about how BNB climbed up and made a new ath and still moving higher. As you talked about exchange coins, the trend is good for almost all the coins including other exchange coins like WRX, OKT, BTMX, MX too rose very high. There is a coin which is still waiting to rise and it is HOT. BNB will cross Eth soon and become no.2 largest coin because it is able to quickly deliver the smart contract transactions with very less fees compared to Eth. Title: Re: Binance as the third largest coin Post by: ingiltere on April 05, 2021, 09:03:45 PM Binance fully deserves third place and I'm pretty sure with moves ahead they will try harder to get the second place. It's not easy, nobody gives second spot in golden plate but Binance put more products in their environment and become more than an ordinary exchange coin. I don't think 4 digits are utopian for Binance Coin this year. We will see what happens after this quarters coin burn.
Title: Re: Binance as the third largest coin Post by: dimonstration on April 05, 2021, 09:13:42 PM Binance fully deserves third place and I'm pretty sure with moves ahead they will try harder to get the second place. It's not easy, nobody gives second spot in golden plate but Binance put more products in their environment and become more than an ordinary exchange coin. I don't think 4 digits are utopian for Binance Coin this year. We will see what happens after this quarters coin burn. There is always room for improvement and to be better that's what BNB have been doing throughly, but overtaking a much higher rank might be a problem in the future as they are fully controlled by an exchange and not decentralized, but as much as the exchanged goal is to provide better service and better function as an exchange it will sure to get more investors, hopefully they will not changed their alignment and stay on goal for better service iso we can use crypto efficiently. Title: Re: Binance as the third largest coin Post by: Viscore on April 05, 2021, 09:16:34 PM Binance fully deserves third place and I'm pretty sure with moves ahead they will try harder to get the second place. It's not easy, nobody gives second spot in golden plate but Binance put more products in their environment and become more than an ordinary exchange coin. I don't think 4 digits are utopian for Binance Coin this year. We will see what happens after this quarters coin burn. There is always room for improvement and to be better that's what BNB have been doing throughly, but overtaking a much higher rank might be a problem in the future as they are fully controlled by an exchange and not decentralized, but as much as the exchanged goal is to provide better service and better function as an exchange it will sure to get more investors, hopefully they will not changed their alignment and stay on goal for better service iso we can use crypto efficiently. Still, I like to see a more decentralized asset to dominate the market, not the centralized but ETH needs to take care of the ETH 2.0 to solve the high fees. Title: Re: Binance as the third largest coin Post by: ingiltere on April 05, 2021, 09:28:07 PM There is always room for improvement and to be better that's what BNB have been doing throughly, but overtaking a much higher rank might be a problem in the future as they are fully controlled by an exchange and not decentralized, but as much as the exchanged goal is to provide better service and better function as an exchange it will sure to get more investors, hopefully they will not changed their alignment and stay on goal for better service iso we can use crypto efficiently. It's not a big deal as there isn't fully decentralized coin in the market beside Bitcoin. Binance is a centralized exchange but BNB is more than centralized exchange coin; it presents whole package, smart chain, dapps with smart contract features, deflationary burn mechanism etc. It doesn't rely on one person but a community effort. It's backed by Changpeng Zhao doesn't mean he can do whatever he wants. Title: Re: Binance as the third largest coin Post by: verita1 on April 05, 2021, 11:47:16 PM It's right! BNB has quickly risen to third place in the crypto market because it is a currency that has gained traction due to all the usefulness it has as a Binance token and the community supports it in addition to having a great businessman like CZ.
I was also surprised by how quickly the coin achieved it. BNB is a coin that should be in any portfolio due to its strength and because of how much it will offer to the community. Title: Re: Binance as the third largest coin Post by: btc-facebook on April 06, 2021, 11:49:39 PM Lol ;D I know for sure that deep down in his mind he’s going to want their BNB coin to overtake Bitcoin, but he said what he said because he doesn’t want to say that they are working towards BNB overtaking Bitcoin and then the public will start looking forward to when the BNB coin will overtake Bitcoin. CZ is someone who is ambitious, it's just not very visible in the public, we can see every development of Binance, always growing and following market demand, and the great thing is, the development of BNB has always focused on the common foundation in crypto, smart contracts and exchanges are one of them.If we pay attention, BNB is looking to overtake ETH and BTC, and BUSD wants to take over USDT position :) but whether that's true or not, we can wait for at least another 5 to 10 years, because CZ is a person who has a clear and long-term vision and mission. Title: Re: Binance as the third largest coin Post by: NoG-NoG on April 07, 2021, 12:10:19 AM The main reason why binance became the third largest and third highest marketcap in the crypto space is because ethereum blockchain is having a big problem regarding the high transaction fee that makes plenty of project shifted to the much lesser and more convenient chain which is the binance smart chain.
Title: Re: Binance as the third largest coin Post by: Fredomago on April 07, 2021, 12:42:02 AM The main reason why binance became the third largest and third highest marketcap in the crypto space is because ethereum blockchain is having a big problem regarding the high transaction fee that makes plenty of project shifted to the much lesser and more convenient chain which is the binance smart chain. BSC is one big factor why this coin recieved lots of support, it's not just the traders and investors but it also allows developers to use this chain to create coin project. It's really a competitive system that have much lesser transaction fees but have a good chain to continue developing your coin project, sooner or later the value will jump for more. Expect more positive impacts as many developers see the potentials using this chain. Title: Re: Binance as the third largest coin Post by: X-ray on April 07, 2021, 03:29:02 AM The main reason why binance became the third largest and third highest marketcap in the crypto space is because ethereum blockchain is having a big problem regarding the high transaction fee that makes plenty of project shifted to the much lesser and more convenient chain which is the binance smart chain. Binance gets massive demand from ethereum users and i can say that 1 ethereum user will also use its own ethereum address to be connected with BSC chain. Ethereum's scalability has become the main problem and this forced so many parties are looking for alternative coin and binance is the best answer.The ecosystem created by binance is very very big. Title: Re: Binance as the third largest coin Post by: kram31 on April 07, 2021, 04:33:08 AM I think the price of Binance got increased its price in the market maybe because of the high transaction charge of Ethereum, but I am not sure about this matter, however it could be true or not. This was I saw based on my observations when the price of ETH begun to rise in the market, where BCS took the chance to hype a lot the community here in cryptocurrency business.
Title: Re: Binance as the third largest coin Post by: TelolettOm on April 07, 2021, 05:06:40 AM I think the price of Binance got increased its price in the market maybe because of the high transaction charge of Ethereum, but I am not sure about this matter, however it could be true or not. This was I saw based on my observations when the price of ETH begun to rise in the market, where BCS took the chance to hype a lot the community here in cryptocurrency business. indeed the factor of Ethereum's high transaction fees makes most of the people switch to using Binance. and it has increased over the past 3 months. the effect is that the current price of BNB has increased. even the marketcap and also the number of projects in the BNB network make it currently ranked 3. starting to invest in BNB for now in the next 2 years will be able to go up and even compete with ethereum |
