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Author Topic: Will BNB become the king of all coins  (Read 23864 times)
olabiyijummy02
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May 22, 2021, 09:14:16 PM
 #921

BNB is easily the best exchange dedicated action on the market right now and the best altcoin behind only ethereum, the reason ethereum is still rated higher in my books is because ethereum has a longer and stronger track record and with the ETH V2  to be launched soon. I believe the issues of slow and expensive transactions will be tackled.
BNB Blockchain is having great reviews with the fast speed and low transaction costs, however, time will tell if this can be maintained when more projects get on the blockchain

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May 22, 2021, 09:32:06 PM
 #922

Binance Smart Chain is an upgrade on the ethereum shortcomings, but I don't think it can surpass ethereum to become the king of altcoins. Because once ethereum proposed upgrade is done, them the previous challenges with the network are solved, then the demand and usage of BNB would decreaase.

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May 22, 2021, 09:53:05 PM
 #923

A completely centralized network built on a copy of the ETH cannot be the king of the market. This is a good exchange coin, nothing more. Due to the burning and locking of BNB in various projects, it has tremendous growth and popularity. But there can be only one king - Bitcoin.
This says it all, how can a copycat blockchain rule the crypto market?, it's just not possible , binance smart chain is just an Ethereum blockchain with advance features nothing more, there's no way it can become the king of all coins when it can't be Ethereum for a start, because beating bitcoin is just not possible, also the last bnb burning didn't do anything significant and lastly who else noticed the gas fees on BSC have been increasing? Does this mean it's just another Ethereum which the gas will increase once the price goes up? BSC is never going to be the king  in my opinion.

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May 23, 2021, 04:29:01 AM
 #924

Bnb cant be the king of all coin because as of right now bitcoin is still the king of all crypto currency and bitcoin is also a market mover and almost all crypto currency follows the trend of bitcoin… BnB is owned by binance exchange and we know they are one of the biggest crypto exchange but you have to know bnb is dependent on binance exchange and if anything was to happen to the exchange then bnb would probably reduce in price but we have all since how long bitcoin has been surviving alone
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May 23, 2021, 11:55:35 PM
 #925

The king of all coins will probably be Bitcoin, but if you ask if it is going to be the king of all exchange coins that could be correct as there is no exchange that can currently compete with Binance in terms of trading volume and the revenue they generate.

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May 24, 2021, 12:50:46 PM
 #926

There are so many people who are too proud of BNB, as if they were able to shift BTC's position in the crypto ranking, indeed many are currently turning to investing in BNB, this is also because transaction fees in ETH are quite expensive, but with many people starting to invest in bnb doesn't make it capable of beating ETH let alone BTC, bnb is a good coin but to think it will be a top coin is too much.
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May 24, 2021, 02:51:28 PM
 #927

There are so many people who are too proud of BNB, as if they were able to shift BTC's position in the crypto ranking, indeed many are currently turning to investing in BNB, this is also because transaction fees in ETH are quite expensive, but with many people starting to invest in bnb doesn't make it capable of beating ETH let alone BTC, bnb is a good coin but to think it will be a top coin is too much.
I don't think so to take over. be it for ETH or BTC, both are very difficult.
but to think about the domination of investment and trade in the market, I think BNB has the capability to do that.
BNB supply will continue to dwindle and binance development will not stop. it makes the adoption of BNB continue to increase and it will increase the price and market of BNB.
Binance has strengthened their foundation in all sectors of the market. Binance will be very dangerous for ethereum and other competitors in the future. just look at 4-5 years in the future. we'd be surprised what binance will achieve.

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May 24, 2021, 05:18:39 PM
 #928

Binance now has its own smart contract platform, meaning Binance is ready to fight Ethereum from all aspects in the ecosystem,
yes and they call it the Binance smart Chain, of course this is a good thing and good news, when Ethereum fees are expensive everyone goes to BSC,
and look at BNB. being on Coinmarketcap's TOP 5, this is proof that BNB is ready to fight Ethereum

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May 24, 2021, 10:49:50 PM
 #929

The crypto market is primarily about decentralization, and I do not think that such a centralized coin as BNB can become the king of all coins. How?
Please note that it was the BSC decentralized network that helped the coin grow in value significantly.

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May 24, 2021, 10:52:38 PM
 #930

The crypto market is primarily about decentralization, and I do not think that such a centralized coin as BNB can become the king of all coins. How?
Please note that it was the BSC decentralized network that helped the coin grow in value significantly.

It can grow but doesn't mean that it would would really be able to be called to be a king. No denial that this coin is really making some noise now and not only

because of the hype but also it does really have that kind of potential and functionality on where everybody is looking at but its early to say that it could

really be part of the mainstream when it comes to cryptocurrency adaptation but this one is really a good one.

R


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May 24, 2021, 11:03:49 PM
 #931

The crypto market is primarily about decentralization, and I do not think that such a centralized coin as BNB can become the king of all coins. How?
Please note that it was the BSC decentralized network that helped the coin grow in value significantly.

It can grow but doesn't mean that it would would really be able to be called to be a king. No denial that this coin is really making some noise now and not only

because of the hype but also it does really have that kind of potential and functionality on where everybody is looking at but its early to say that it could

really be part of the mainstream when it comes to cryptocurrency adaptation but this one is really a good one.
BNB being exchange backed, it has lot of room for growth than other cryptocurrencies in the market.
BNB being the King of cryptocurrencies won't happen in the short, unless people like Elon Musk take it granted as done for dogecoin.
The Binance BlockChain network is gaining importance, based on its usage on different applications for real-life will confirm whether it'll turn to be the king.

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May 25, 2021, 04:43:39 AM
 #932

The fact is that many users don't care whether they use a decentralized or centralized blockchain, they just want to pay a cheaper fee, and we knows alot of user complain about high cost of transaction, network congestion and long finalty times. BNB or others altcoin can beat with Ethereum if the team dont solved the problem of their blockchain. All user always looking for platform that offer alot of benefits and profit. The competition in the crypto world is getting bigger so that each product must be offer higher benefits for the user. Just now i checked on coingecko, the TVL of Pancake higher than Uniswap, the reason must be due to the high cost of Uniswap.

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May 28, 2021, 05:24:41 AM
 #933

I think to be king of all coins not only based on transaction fee, but also what others product and advantages that they offer to user. There are alot of others altcoin that has lower transaction even near 0 fee, like NANO,NEO, SOL and more. But these coins still far away to be king of coins. BNB have big community because they offer many differents product and benefits, like smart contract platform with low fee transaction, Exchange's token for trading fee, Launchpad, trading competition, stocks token trading and others. As new coin, BNB not still not enough to be king of coins.

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May 28, 2021, 05:29:31 AM
 #934

I don't think so, bnb is just an use case coin for binance exchange. If something bad happens to exchange then bnb will be also in danger.
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June 03, 2021, 11:03:52 AM
 #935

The king of all coins will probably be Bitcoin, but if you ask if it is going to be the king of all exchange coins that could be correct as there is no exchange that can currently compete with Binance in terms of trading volume and the revenue they generate.
well, of course. Currently, I feel that BNB is only after ethereum. however, there is still a long way to go for BNB to replace bitcoin, in fact, I feel that the potential of BNB can only beat ETH. even coins like BNB are also heavily affected by changes in the price of bitcoin.

BNB still takes a long time to catch up with ETH, especially to replace btc, it will take decades, like what you said, currently the price of altcoins is also still dependent on the price of btc, even for popular altcoins like BNB.

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June 03, 2021, 02:04:38 PM
 #936

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?
Although there is a lot of good news about BNB, I still have no sympathy for BNB. I think the king will really be ETH or XRP because they deserve it. Talking about liquidity, BNB cannot catch them. BNB is just an exchange, not highly liquid like ETH and XRP.

Yes,you are absolutely right. I am agree with your post.I also believe that.Bnb is one of most popular coin. But it can not be reach at eth that's why bnb don't catch eth.But i hope in future it goes high.

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June 03, 2021, 04:12:53 PM
 #937

I prefer ethereum coin as the king of alcoins because eth coin has proven to be able to survive when the market was down in 2018 and is now able to rise from adversity. I believe coin eth deserves to be king for other alcoins.
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June 03, 2021, 04:17:59 PM
 #938

I prefer ethereum coin as the king of alcoins because eth coin has proven to be able to survive when the market was down in 2018 and is now able to rise from adversity. I believe coin eth deserves to be king for other alcoins.
can BNB not survive in such a situation?
we see how BNB really shines this year. there is no difference between ETH and BNB with other altcoins. all of them make development and follow the trend made by BTC.
I will see how these two can later become the most valuable and sought-after assets in the crypto market like BTC.

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June 03, 2021, 04:49:32 PM
 #939

there is great potential on Binance as the king of altcoins to replace Ethereum,
but if Ethereum has dealt with the problems they are facing, of course Ethereum is still not dead and not easily replaced,
yes even though Binance has good fundamentals and I think Ethereum is still very strong
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June 03, 2021, 05:14:16 PM
 #940

BNB has a possibility to make it to the top of course but we never know that. We also didn't know years ago that Bitcoin was going to reach these levels but here we are. Whether BNB becomes the top cryptocurrency or not, I still think that it has a bright future.

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