Is BNB the ETH of 2017?

[Spartacus1971]

The year of 2017 was fantastic for the crypto markets, led by Bitcoin with 20x gains, while many altcoins gained even more: Of the major ones, Ethereum had outperformed, as it became the “coin of the ICOs.” Thanks to the Ethreum blockchain based ERC-20 token mechanism, projects could easily raise funds in ETH via their ERC-20 ICO smart contracts.

We do identify some similarities between BNB of 2019 to ETH of 2017, whereas BNB is the coin used to participate in fundraising events taking place on Binance Launchpad. Following two successful fundraising events, Binance is looking forward to March Celer Network fundraising.

Another similarity is the negative correlation to Bitcoin. During 2017, when BTC moved up, altcoins moved down and vice versa. Some altcoins, such as Ethereum, had the highest inverse correlation in comparison to Bitcoin. In 2018, mostly there was a positive correlation between Bitcoin and the altcoins. Over the recent month, we can definitely see such inverse correlation between BNB and BTC.

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[VanDeinsberg12]

Only some platforms are raising the funds from binance and binance was putting a very strict requirements and have you analyzed the fact that 80% of icos are still using ethereum and bitcoin to raised the funds in another exchange site or launch pad platform?

I thought that it doesn't look similar for me.

[consideritdone]

a lot of tokens will be issued on BNB, to that sense yes
But it wont repeat 2017 feeling for sure, the ico market has passed on
and i would count bnb as already successful as its now a new high of $33!
https://www.coingecko.com/en/coins/binance-coin

[mk4]

While both can be used for fundraising, they still have significant differences. Fundraising on Ethereum is more decentralized, while fundraising on the Binance platform is no doubt purely centralized. I'm pretty sure some people still prefer the former than the latter.

Along with that, take note that ICOs isn't the only thing that Ethereum is trying to do.

[Reid]

I will still pick Ethereum though.

Yes BNB have gained a lot of buyers, thanks to Binance non-stop great customer service which we all loved.
I didn't experience that kind of better service than poloniex or other exchange. They all take so much time before I could even get the results of my query.
I guess Binance saw thru that and that is why it was created.
BnB is a bonus. Lower trading fees and for a lot of times there is no payment by just using BNB.

[dimonstration]

They both have different functions and attract on the market,since crypto fluctuates too much, does ETH and BNB, quite good in binance is there working team or company that is able to resolve the issues and queries right in time and been more active than before. ETH is differ in function of BNB but still a good platform to use in creating projects. ETH is also increasing now, maybe not as fast as it was in 2017 but might only need some push to move more.

[Oilacris]

Not to be too negative with BNB but I don't see any reason why would this Coin would be always compete or trying to compare with ETH?

They might have similarities but people would always prefer on one of the oldest and innovational coin like ETH.

[jazmuzika217]

This two coins have their own differences ethereum is a lot more advantages compare to BNB and people/investor still picking ethereum that why its the no. 2 altcoin in cmc. In other hand BNB has a lot of improvement and project in the market like IEO in their launchpad now CZ release the margin beta test which give a good impact to the price.

[arbiter5]

If you think BNB is going to be the next ETH, then I feel sorry for you. I'm not saying that ETH is decentralized, but BNB is the perfect dictionary definition of centralized.

Also, ChangPeng Zhao, which is the owner and founder of Binance, is one shady fucker that's behind so much publicity stunts. I don't know how people don't see this. I really won't be surprised if this dude is doing a lot of illegal stuff in private; besides his pump and dumps.

[binhvo1505]

The year of 2017 was fantastic for the crypto markets, led by Bitcoin with 20x gains, while many altcoins gained even more: Of the major ones, Ethereum had outperformed, as it became the “coin of the ICOs.” Thanks to the Ethreum blockchain based ERC-20 token mechanism, projects could easily raise funds in ETH via their ERC-20 ICO smart contracts.

We do identify some similarities between BNB of 2019 to ETH of 2017, whereas BNB is the coin used to participate in fundraising events taking place on Binance Launchpad. Following two successful fundraising events, Binance is looking forward to March Celer Network fundraising.

Another similarity is the negative correlation to Bitcoin. During 2017, when BTC moved up, altcoins moved down and vice versa. Some altcoins, such as Ethereum, had the highest inverse correlation in comparison to Bitcoin. In 2018, mostly there was a positive correlation between Bitcoin and the altcoins. Over the recent month, we can definitely see such inverse correlation between BNB and BTC.

We have seen the success of Binance in the past and it is one of the factors that makes the market go up. We should be grateful to Binance's strategy, which attracts a lot of outside investors into the crypto market.
but BNB is still BNB and it cannot be compared with ETH. we can compare with its progress and I find it to be quite similar to ETH.
that is worthy of BNB, they have come up with a great strategy at a time when the market is in recession.

[Remainder]

Hoping for that as somehow I was able to invest in BNB as well.
ETH having a huge success in 2017 but it was not only ETH which is successful as that time as a bull run for all.
If we dream for a good return, maybe we can dream bigger like having a success of XRP in 2017 as it's bigger than ETH.

[emmybd]

BNB would definitely be the best coin after bitcoin this year, as there have been a lot of positive developments about Binance, so the price of its coins BNB has been increasing sharply. It may get $100 in a few months time.

[onrise]

Hoping for that as somehow I was able to invest in BNB as well.
ETH having a huge success in 2017 but it was not only ETH which is successful as that time as a bull run for all.
If we dream for a good return, maybe we can dream bigger like having a success of XRP in 2017 as it's bigger than ETH.

BnB was always on the cards for the pickup as it has huge scope for the future growth as binance has played very smartly by introducing their own coin on their own exchange and as a result they are making a huge money in the process as well .

[traderethereum]

BNB is not the same as ETH, and if BNB can be like ETH, then it will give benefits to us especially if we have a big amount of BNB because BNB has a chance to increase higher like ETH.
But we don't know when BNB can increase higher, and we could still buy more and more BNB if you believe.
BNB still need to wait for some time to beat ETH because today, BNB still at the position 7 in CMC and it's not easy to beat every coin on that list.

[Caladonian]

While both can be used for fundraising, they still have significant differences. Fundraising on Ethereum is more decentralized, while fundraising on the Binance platform is no doubt purely centralized. I'm pretty sure some people still prefer the former than the latter.

Along with that, take note that ICOs isn't the only thing that Ethereum is trying to do.

From that position, I do agree that decentralized system still working for ETH fundraising as you don't need to provide personal information just to acquire investment even you'll going to invest higher amount of money from the project that you are going to support, and yes there's also working product that eth is trying to provide aside from catering new ICO's tokens.

Can't say that binance can be called as ETH of 2017, they've got different approaches and different supporters.

[Astvile]

BNB still has a long way to go to be compared to ETH,there is still 4 big coins BNB needs to surpass before you can compare BNB to ETH.ETH being number 2 in the CMC shows how stronger it is compared to BNB.Well we will see in the future years if BNB competition against ETH is worth discussing if BNB will still continue to rise on rankings

[jrrsparkles]

The year of 2017 was fantastic for the crypto markets, led by Bitcoin with 20x gains, while many altcoins gained even more: Of the major ones, Ethereum had outperformed, as it became the “coin of the ICOs.” Thanks to the Ethreum blockchain based ERC-20 token mechanism, projects could easily raise funds in ETH via their ERC-20 ICO smart contracts.

We do identify some similarities between BNB of 2019 to ETH of 2017, whereas BNB is the coin used to participate in fundraising events taking place on Binance Launchpad. Following two successful fundraising events, Binance is looking forward to March Celer Network fundraising.

Another similarity is the negative correlation to Bitcoin. During 2017, when BTC moved up, altcoins moved down and vice versa. Some altcoins, such as Ethereum, had the highest inverse correlation in comparison to Bitcoin. In 2018, mostly there was a positive correlation between Bitcoin and the altcoins. Over the recent month, we can definitely see such inverse correlation between BNB and BTC.

But the difference is there were thousands of ICOs lauched in 2017 but on IEO there ight be very few so don't compare BNB with ETH,still it may gain more popularity but the potential level of BNB can't compared with ethereum just because of fundraising usage.

[dentolas]

ETH has become the ICO coin, and unfortunately this has also brought a bad side, and now we have tokens popping around everywhere and ICOs are dying ...
I think BNB will not be used in the same way, as Binance will not allow the cahos to settle in and I think their objective is to be more selective and strick, bringing more trust to the platform and their token... I don't think we will ever see it being "over-used" like ETH

[Gaff]

While both can be used for fundraising, they still have significant differences. Fundraising on Ethereum is more decentralized, while fundraising on the Binance platform is no doubt purely centralized. I'm pretty sure some people still prefer the former than the latter.

Along with that, take note that ICOs isn't the only thing that Ethereum is trying to do.

From that position, I do agree that decentralized system still working for ETH fundraising as you don't need to provide personal information just to acquire investment even you'll going to invest higher amount of money from the project that you are going to support, and yes there's also working product that eth is trying to provide aside from catering new ICO's tokens.

Can't say that binance can be called as ETH of 2017, they've got different approaches and different supporters.

Indeed, bnb still have to gain such reputations as what eth had for the past years. Their supporters have different outlook towards how it could create a better future on their community. However, considering the fact that it really soar higher it doesn't mean it will surpassed eth valuable price. Although BNB's demand continued to rise, I don't think it will work the same as eth legacy because it cannot overtake what's with ethereum transaction specially on different token contracts that supports the entire community.

[sujonali1819]

Both are similar to me by one side. That is the popularity and constantly rising in price. Now the BNB price is increasing constantly like eth 2017. Though many new project are launching by BNB launchpad and  ETH based but one different between them that BNB platform is totally centralised and ETH is decentralised.