Will BNB become the king of all coins

[Crypto5060]

At one point BNB looked like it was going to take over other coins, in market cap and usability but the run didn't last for too long. The owners of Binance has the key to making BnB formidable and until they unlock it, it won't really be topping the market.

[Diamond_Darrell]

As information from CZ: 1.2 billion dollars BNB is transferred in 1 second, which takes less than 2 cents

On June 26, about $ 1.2 billion Binance Coin (BNB) was transferred in 1.1 seconds, for a fee of only $ 0.015 on Binance Chain, disclosures of this data were published on WhaleAlert , a platform that tracks important transactions. The exact amount of BNB transferred is 32,888,888. As a Twitter user pointed out, 8 is a number unlike anyone in Chinese arithmetic, quoting Wikipedia: "Number 8 is considered a good number that even some 8s are considered is very lucky ".

With such successes do you think BNB will become the All coin king?

Of course, since there are eights in the number, this is a sure sign that good always wins, evil and bad guys always get what they deserve. If you trade on such indicators, then you will be rich-rich. But seriously, BNB is certainly a good token, but it is not clear by what criteria to evaluate whether a good token is not.

[asyakashi]

After IEO binance was abandoned I don't think BNB would survive. many say bnb will rival ethereum on coinmarketcap. All that is just bullshit.
We will find other coins that are more promising, of course, trusted coins such as LTC, XRP and ETH.

[sheamus10]

in my opinion, it is impossible for BNB to be king of coins because currently king of coins is still held by bitcoin and to defeat bitcoin it seems impossible. Because the existence of bitcoin is more trusted by many people.

I agree because BNB is also not a bad coin but for now bitcoin is still the king among other coin assets, if in my opinion eth is better than BNB. but we don't know in the future there will be changes or not.

[Adriano2010]

I don't think will happen, but will grow over time maybe even more if the market will grow and is possible to be on top 5 on cmc but we can't know how much will grow and what will do Binance next as marketing.

[b1boy]

There are conceivable outcomes that any coin can make it to the top no uncertainty. In any case, that occurs on the off chance that they have the ability to depose the present King and i dont and cant really call BNB the king of all alt coin Because they are some alt coin that have been doing well for a while too and bnb is only popular because of its on the arguably the best exchange right now

[wheelz1200]

As information from CZ: 1.2 billion dollars BNB is transferred in 1 second, which takes less than 2 cents

On June 26, about $ 1.2 billion Binance Coin (BNB) was transferred in 1.1 seconds, for a fee of only $ 0.015 on Binance Chain, disclosures of this data were published on WhaleAlert , a platform that tracks important transactions. The exact amount of BNB transferred is 32,888,888. As a Twitter user pointed out, 8 is a number unlike anyone in Chinese arithmetic, quoting Wikipedia: "Number 8 is considered a good number that even some 8s are considered is very lucky ".

With such successes do you think BNB will become the All coin king?

In short no.  It goes hand in hand with binance.  Do I think binamce will be on top forever, no which will effect bnb.  Once mainstream tech companies start really diving into crypto there will be a ton of top notch solid choices and binamce like most companies will eventually get beaten out by another company.  

[chip1994]

As information from CZ: 1.2 billion dollars BNB is transferred in 1 second, which takes less than 2 cents

On June 26, about $ 1.2 billion Binance Coin (BNB) was transferred in 1.1 seconds, for a fee of only $ 0.015 on Binance Chain, disclosures of this data were published on WhaleAlert , a platform that tracks important transactions. The exact amount of BNB transferred is 32,888,888. As a Twitter user pointed out, 8 is a number unlike anyone in Chinese arithmetic, quoting Wikipedia: "Number 8 is considered a good number that even some 8s are considered is very lucky ".

With such successes do you think BNB will become the All coin king?

In fact, this did not surprise me. because in any chain of transactions, transactions become faster and easier. It's the mechanism that works for a chain of systems and this isn't overly impressive. If $ 1.2 billion was transferred from Binance Chain to another wallet system in a second, that would make me admire. Therefore, I do not overestimate it, but I still invest about 20% of my capital in BNB. because I know this is a coin of biggest exchange. Its sales will increase sharply when bulls come and it is certain that CZ will have a policy to increase the price.

[bryant.coleman]

I am surprised by the rise of BNB. What makes it different from any of the other copycat shitcoins? If we talk about the technology, then there is nothing unique with BNB. It is just an exchange token, and the code is plagiarized from the other existing projects. And not surprisingly, it has no usage outside the Binance exchange. Now I have to agree that Binance is one of the most popular cryptocurrency exchanges. But so was Cryptopia. And it closed down all of a sudden in 2019, after hackers targeted the exchange. What is the guarantee that the same won't happen with Binance? And what will happen to BNB in case the exchange shuts down?

[kambaralikhan]

BNB is a great coin and I acknowledge it's market position but there are some fears I have related to BNB. Imagine BNB without Binance ? what you see ? BNB can't stand without Binance. If anything bad happens to Binance like hacking attempt or reputational damage then BNB will be of zero worth..

[kesmex]

BNB is a great coin and I acknowledge it's market position but there are some fears I have related to BNB. Imagine BNB without Binance ? what you see ? BNB can't stand without Binance. If anything bad happens to Binance like hacking attempt or reputational damage then BNB will be of zero worth..

very true, BNB will not mean if Binance has problems in the future, but for now Binance looks fine, and CZ always gives positive things, yes I like it, but to be the king of altcoin is beyond limits

[Pinkris128]

BNB is a great coin and I acknowledge it's market position but there are some fears I have related to BNB. Imagine BNB without Binance ? what you see ? BNB can't stand without Binance. If anything bad happens to Binance like hacking attempt or reputational damage then BNB will be of zero worth..

very true, BNB will not mean if Binance has problems in the future, but for now Binance looks fine, and CZ always gives positive things, yes I like it, but to be the king of altcoin is beyond limits

BNB is really a one trusted and great coin that every investors would like to hold it. But i don't think that BNB will be the king of all altcoins because ETH is still in the top place of altcoins that it will take long for BNB to defeat it, that is why BNB need to improve itself to go more further just to defeat ETH.

[Gheka]

BNB is a great coin and I acknowledge it's market position but there are some fears I have related to BNB. Imagine BNB without Binance ? what you see ? BNB can't stand without Binance. If anything bad happens to Binance like hacking attempt or reputational damage then BNB will be of zero worth..

Indeed, BNB has a mental support at the back is binance exchange, and the development of bnb always needs to accompany and combine with the growth of this exchange, this is something that will benefit BNB's future path but it is also one thing that will prevent bnb from becoming king of altcoin because becoming king needs an overwhelming and exponential growth that cannot be prevented. BNB can only grow slowly and steadily, even sometimes it can go down according to the reputation of the exchange, it cannot be proactive in growth.

[wack slacker]

BNB is only valid for coexistence with Binance exchange and IEO organization on centralized trading platform.
Decentralized Binance exchange has very low trading volume, and current BNB-based tokens are low in liquidity and several centralized exchanges are listed.  BNB has the function of reducing transaction costs and receiving dividends as cash of other exchanges.  Binance exchanges have a large trading volume so the dividends received for BNB ownership are also attractive.

[sayam]

Frankly speaking, I don't think it will happen in any day. BNB is a very good currency no doubt about that, but it's not possible to cross the Bitcoin's position. Bitcoin is the king of all coins & will remain in the future as well.

[bryant.coleman]

BNB is only valid for coexistence with Binance exchange and IEO organization on centralized trading platform.
Decentralized Binance exchange has very low trading volume, and current BNB-based tokens are low in liquidity and several centralized exchanges are listed.  BNB has the function of reducing transaction costs and receiving dividends as cash of other exchanges.  Binance exchanges have a large trading volume so the dividends received for BNB ownership are also attractive.

And this is the risk factor while investing in the Binance Coin (BNB). If something happens to the Binance exchange, then it can become worthless. Now the chances are very remote, but operating a cryptocurrency exchange is a very risky business. Just because an exchange is very large in terms of daily volume and number of users, it will not give it any immunity from the hackers. And secondly, the annual revenue for Binance can get affected, from competitors and market risk factors. For example, after a lot of hype the IEO market is undergoing a slow down now. And this will definitely have an impact on Binance, since IEO listing was one of the major sources of revenue for the exchange.

[Btc_1856]

Frankly speaking, I don't think it will happen in any day. BNB is a very good currency no doubt about that, but it's not possible to cross the Bitcoin's position. Bitcoin is the king of all coins & will remain in the future as well.

BNB has a huge chance to increase its price, BNB will always follow the price of Bitcoin. But it cannot able to dominate the price of Bitcoin, Bitcoin is the king of the cryptocurrency and it is impossible for any other currency to dominate like Bitcoin.

[libert19]

There are coins which are feeless, does that mean they are king of 'em all? Nope. Imo, bnb is much restricted to binance exchange and if binance goes down, bnb too.

[Botnake]

Imo, bnb is much restricted to binance exchange and if binance goes down, bnb too.

For now its Binance that is keeping BNB at a good price, but they are also into development like creating their own chain and they have decentralized exchange also, you cannot expect result instantly.

Now, if Binance goes down, of course the price of BNB will be affected and it could be the end of the project, but think for a second, do you think Binance will allow that to happen when they are enjoying at least $1 billion trading volume in a daily basis?

here's some news about Binance so we have an idea how profitable they are.
https://www.theblockcrypto.com/linked/19705/binance-brought-in-78-million-in-profits-in-q1-up-66-quarter-on-quarter

[mdzahed134]

Bnb can't be the king of all altcoins, it has a real use case for binance exchange which is why it's very profitable and a good choice for long term hold, I suggest to start buying exchange tokens because it's certain they will be profitable,

Of course there are risks, seeing the current exchange many are exposed to hacking cases, this makes centralized exchanges such as Binance or Bittrex could be threatened, if BNB does not die because it is possible BNB is one of the best coins for long-term investment

Binance exchange give highly assurance for holders in this exchange. No risks involved in where in crypto space? Majority of Centralized and Decentralised exchanges experienced hacking. Binance hacked in last year but users money not influenced because it’s recover from Binance fund. This exchange give strong assurance in our assets.