Binance Chain or Binance DEX hype is gone!

[monineklutak]

Do you think that hype is gone? Look at price of BNB, it is trading around 18USD, the price is more stable than Bitcoin price. What does it mean? Investors expect a lot from Binance, so they are not selling the tokens cheap.

Smart traders will not hold BNB for too long, if you hold it now the risk of a dump is still very large to see the price of Bitcoin always going up

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[iamaruf]

maybe binance dex is not doing well.this is the main reason that BNB loosing their investors ? I saw they are developing their DEX.I don't think they will be step forward.they will give up,They will be famous as there exchanger binance.

[royalfestus]

The limitation of the BEP DEX is enormous and the adoption was from the hype of binance centralized exchange. Binance is undoubtedly one of the best as a centralized exchange but I think he wanted to venture to every working project in the space without proper analyses. At a point when projects start sharing their blockchain with binance without actually leaving the other I knew BEP was just a market distraction. Now they have not produce a better price than the counterpart coin from other blockchain, no use case as well, so its just hoax.

[flagpara]

I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?

In believe rumors so many ERC-20 tokens swap to Binance blockchain. Suppose atomic wallet did it, this coin has enough value in exchange. But still I believe Binance Dex isn't hype like others. In few times any blockchain can't take place Ethereum blockchain. Even upcoming all project on Ethereum network.

[makishart]

maybe binance dex is not doing well.this is the main reason that BNB loosing their investors ? I saw they are developing their DEX.I don't think they will be step forward.they will give up,They will be famous as there exchanger binance.

Hype of binance IEO has gone and that was giving a huge impact to the BNB token but the binance dex is also not doing very well for the new token which has already listed there caused by it was giving a really small volume for the coin or token. I have an asset which has listed on binance dex and the daily trade volume is really small compared with binance CEX. that was the main reason why people are not putting binance dex as their main exchange site for listing again.

[bitgolden]

ICO's are not making a comeback anytime soon, STO's seemed to be a one time thing and people already forgot about them already, I do not think the hype of DEX will go down anytime soon. Maybe there will be less investments, maybe we won't talk about as many millions of dollars as when it first started but considering the world will always have coin offerings going on all the time I am pretty sure IEO will continue and Binance is one of the forefronts of that revolution.

Just because something is not as hot as it was when it first came out doesn't mean its not going to get any sort of attention neither, even if its lesser in the end I am pretty sure it will still be there, not maybe as a scolding hot thing but sizzling fire type of thing and still raise millions of dollars.

[TrevorS]

In the example above, you can perfectly track and understand how the crypto market works today.
This is a good example that clearly demonstrates where in reality there are so many projects on the market that have by and large nothing but at the same time are in fairly high positions in the ratings.

Its Marketing.
We live in a world in which supply creates demand, not vice versa as it should be. This not normal.
Binance is just engaged in such a miracle marketing and, they convince us to buy what we basically do not need. And we buy it.

Subsequently, it is clear that hype does not last forever because the market itself is making its own adjustments. Unfortunately this is not the end, the bank has enough intellectual and financial capital to rock the market in one direction or another. So, we will still see various marketing techniques that again and again will convince us that we should buy what we do not need.

[Febo]

I remember last year, everyone was so hyped about the Binance DEX!

Come on. No one was hyped about Binance DEX. When it happened, everyone that looked at it realised that is far from being decentralised. Binance CEO explained that DEX is just a name and is not decentralised. Those that were hyping probably hype about just everything.

[Twinkledoe]

I remember last year, everyone was so hyped about the Binance DEX!

Come on. No one was hyped about Binance DEX. When it happened, everyone that looked at it realised that is far from being decentralised. Binance CEO explained that DEX is just a name and is not decentralised. Those that were hyping probably hype about just everything.

Maybe most of them have internal agenda or they are investors of the tokens listed in Binance DEX. So they created noise to served their personal interest. But even if their hype is gone, their DEX can withstand the market as it is backed by the number 1 crypto exchange. So nothing to worry about closing or shutting down. Because BNB will back up those holders in case something goes wrong.

[mdzahed134]

Do you think that hype is gone? Look at price of BNB, it is trading around 18USD, the price is more stable than Bitcoin price. What does it mean? Investors expect a lot from Binance, so they are not selling the tokens cheap.

Here we talking about binance dex. Still now BNB price is stable from a several weeks but how much price touched in 2018. Right, we expect a lot but bnb will not able to reach with our expectation. Who guys bought BNB to join in IEO projects, but can't a lot of investors. 18$ is huge small price because i bought 26$ per coin. Investors not sell right now because most of them bought higher price from current price.                 

[btc_angela]

I remember last year, everyone was so hyped about the Binance DEX!

Come on. No one was hyped about Binance DEX. When it happened, everyone that looked at it realised that is far from being decentralised. Binance CEO explained that DEX is just a name and is not decentralised. Those that were hyping probably hype about just everything.

I would say that there is a hype, but it doesn't last long because as you have said, its not that decentralised at all. People thought that this is the next big thing in DEX, unfortunately many are disappointed so obviously, people shun away and still goes to the old and traditional DEX around the corner.

[tabas]

I think it's not about overtaking or what.
The majority is just looking for DEX that's very convenient for all to trade. And in general, volume in DEXes aren't really great.

[aioc]

I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?

They just stabilize this is what happens after the hype, it's like correction in the market, Binance is still one of the desired coins in the market, but they are really not that perfect, but they have given Ethereum a run for their money and it's good for the community because both projects will keep up with the development of their project.

[shinratensei_]

I think it's not about overtaking or what.
The majority is just looking for DEX that's very convenient for all to trade. And in general, volume in DEXes aren't really great.

They are not even looking for the dex and what they are looking for when they can be listed on the binance dex and they can use the name of binance to bring the hype to their projects. From what i have seen in the past if the majority of projects have applied to be listed on the binance dex because they know when they listed on binance dex and they bring the more chance to be listed on the binance CEX without needed a lot of money to pay the listing fees.
There is no word that explain binance will overtaking or something else.
Remember binance always create a regular CEX listing for tokens that already listed on its DEX platform.
People make their BEP asset caused by it becomes a requirement to be listed on binance dex.

[miklesm]

Agreed, there is no more hype around Binance Chain and Binance DEX, people had realised that Ethereum blockchain is currently more convinient than Binance one. Anyway, I am sure it will be actively developed in the future.

[Balladtony77]

Binance will always be my favourite crypto exchange, you are right that the hype is gone but Bnb token is still doing fine, IEO projects still ends with good reward, it doesn't mean that binance lose it's magical wand, I trust the team and CEO, they are capable so something else will work out soon

[minairia3]

Unfortunate but this is the truth. Binance Dex and the recent migration of Binance on their own chain is indeed a good move for them but I dont know for those who move on their chain cause obviously there is no other advantage for them aside from the lower fee and lower transaction from using their platform. At least, the Binance exchange IEO wouldn't be gone for good as I believe they are the one who started this. Centralized exchange of Binance would always be on top as many still support them. But their dex losing volume. I think those who joined their chain has only wanted to be listed on their cex if they got their project on their dex.

[leea-1334]

In the example above, you can perfectly track and understand how the crypto market works today.
This is a good example that clearly demonstrates where in reality there are so many projects on the market that have by and large nothing but at the same time are in fairly high positions in the ratings.

Its Marketing.
We live in a world in which supply creates demand, not vice versa as it should be. This not normal.
Binance is just engaged in such a miracle marketing and, they convince us to buy what we basically do not need. And we buy it.

Subsequently, it is clear that hype does not last forever because the market itself is making its own adjustments. Unfortunately this is not the end, the bank has enough intellectual and financial capital to rock the market in one direction or another. So, we will still see various marketing techniques that again and again will convince us that we should buy what we do not need.

Thank you for pointing this out. I hope more people see it and understand it,,, that everything almost in the world is about good marketing. Binance has no product except for an exchange that makes it no different from 100s of other exchanges and yet their BNB coin is doing so well,,, that is everything about their marketing that makes it seem like they are the best when they are so not!

[chip1994]

Its true that the hype of binance chain and dex right now is gone but the real thing is they focus on fiat gateway right now. And there are still quality projects migrating to binance chain. Binance really becomes an amazing ecosystem that have so many usecases in different variety. Launchpad hype is still on play, as long as they gain profit from it.

Binance laucnhpad these days is no longer profitable for investors as before. Currently, Binance still holds the rule of holding their BNB for over 1 month to join Binance Launchpad. so there are still a lot of people holding BNB from $ 25 and $ 30 now. Up to now, investors are still in loss and recent projects are only x2 or x1.75. The holding coin to join Binance's IEO is a loss. I think the trend right now is to buy and hold as many coins as possible. The IEO trend has long been extinguished and the hype of Binance seems to be over.

[Denongels]

Its true that the hype of binance chain and dex right now is gone but the real thing is they focus on fiat gateway right now. And there are still quality projects migrating to binance chain. Binance really becomes an amazing ecosystem that have so many usecases in different variety. Launchpad hype is still on play, as long as they gain profit from it.

Binance laucnhpad these days is no longer profitable for investors as before. Currently, Binance still holds the rule of holding their BNB for over 1 month to join Binance Launchpad. so there are still a lot of people holding BNB from $ 25 and $ 30 now. Up to now, investors are still in loss and recent projects are only x2 or x1.75. The holding coin to join Binance's IEO is a loss. I think the trend right now is to buy and hold as many coins as possible. The IEO trend has long been extinguished and the hype of Binance seems to be over.

I agree about this because more ieo from binance, the performance actually gets worse, in the past when the hype ieo from binance can be very fast to gain som roi, but now it's the opposite and since there are new rules in my opinion it actually makes it worse.