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Author Topic: Can Binance beat Ethereum  (Read 3013 times)
elisabetheva
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February 07, 2020, 09:36:08 AM
 #21

It could be possible for binance to beat ethereum, but we don't know what will happen, but maybe it will happen in the next bull run. With the prediction of the next bull run will happen in this year, all coins at the market will have a big chance to increase. Binance coin will have the opportunity to beat ethereum if there are big pumps happen at the exchanges so that can make the price can jump in a short time. But if the price only starts increase by slow, then I think Binance coin will increase in a long time.
Binance must be admitted that it is quite good and we cannot deny that the development that happened to binance is very good and can continue to grow. but I'm rather pessimistic that binance will be able to replace ethereum, because ethereum is already very good at developing itself and proven. but in crypto it can happen but it might take a very long time besides there are surprises made by binance. Can it be done binance? need to be seen again.
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February 07, 2020, 09:38:50 AM
 #22

I think the most decentralized ecosystem is healthier. I wouldn't invest in centralized coin long-term (or even short-term). Too risky in my opinion. Besides, price shouldn't matter too much in this current situation.
I prefer things that are built according to "accepted standard". It's too risky to deviate from the foundation/standard laid by first Cryptocurrency, Bitcoin.
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February 07, 2020, 09:41:24 AM
 #23

Binance is looking very promising, infact binance is helping crypto to grow its use case
but here is biance launching / listing coin in large number on its market is a worried point
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February 07, 2020, 09:44:57 AM
 #24

Well, I think this is something that is often discussed, however, both are good coins, and BNB also has the potential to be in the ethereum position. if both of these coins are made at the same time, I think this competition can become like water and fire, it's just that ethereum is developing first, so I think, for the time being, BNB's chance of defeating ethereum is not that big, moreover ethereum will develop into ETH 2.0, and the price is currently rising little by little.

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February 07, 2020, 10:18:43 AM
 #25

Have you compare the differentiate between ethereum price and Binance coin price especially for their all time high prices? If you haven't you should compare it now. Then, have you consider that binance was born because the exchange factor, which I mean just its user who will use binance coin or who have a lot of binance coin but in ethereum I'm sure there will be many people who have a lot of ethereum. Also, smart contract fitur that will make ethereum as the father of it. There are a lot of altcoins who use smart contract ethereum then I think ethereum will br the successful project in the future. And I believe its price is very deserve to reach $10.000 in the future.
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February 07, 2020, 10:31:38 AM
 #26

I think someday BNB will beat ETH, What you Think Smiley
if that happens it takes a very long process for Binance BNB to beat the ETH price.

Current price position (7 feb 2020).

BNB position: $ 21.73
Ethereum: $ 220.77
Very far in comparison.

Ethereum is used by all ERC 20 transactions and the volume is very high compared to BNB and Eth using many available platforms.

While BNB is rarely used for transactions in general on the market, it is not the same as eth.

So, I would argue that BNB might not be able to beat the ETH price.

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February 07, 2020, 10:39:58 AM
 #27

Binance coin was hit to Coinmarketcap around 25 Jul, 2017. At the time BNB was trading nearly $0.10 with 10 Mln USD market cap, trading at its own Exchange Binance. whereas at the same time Ethereum was trading around $225 per Eth, having more than 21 Bln USDT Marketcap. Later on Ethereum Blockchain was well in business and marke its all time high price $1368 per coin and its market was cap was above 132 bln usd. This time was early 2018 and all market was at its peak. People were expecting about Ethereum will soon overtake Bitcoin and this all was due to Ethereum Blockchain adoption for new ICOs launching with the help of smart contract of Ethereum Blockchain.

But this all was slowdown gradully due to fake ICOs. With all this happening entire market was in downtrend which is still continue. Where this was badly effect whole crypto market but Ethereum was also in correction and this was lead its value to the agin under $200.

Now here is the other story of Binance. In the same time Binance was in serious busniess and its addoption was over the Moon. So, Binance was in race of becoming World No.1 Exchacge by beating Bittrex and it done the job, the other side its Binance coin was making business day by day.

Binance management very smartly engaging its native coine into miltiple purpose and make it one of the best cryptocurrency in Bolckchain Industry.

We all well aware how last year Binace utlise its Exchange and develop their Binace coin market. Here i want to mention some core businesses operating by Binance Team.

  • Binance Exchange
  • Binance DEX
  • Binance Chain
  • Binance Fiat services
  • Binance Launchpad
  • Having giant partners

Binance acquire Trust Wallet, WazirX Indian Market.

Binance coin will make history buy using like these above mentioned features and many more.

I think someday BNB will beat ETH, What you Think Smiley
I'm a Binance exchange user since 2017, I also witness how these humble cryptocurrency exchange, begin its journey into popularity, But if we think that Binance can beat Ethereum? I think it is not possible for now. because I believe that Binance still needs to improve a lot more and walk an extra mile before it can beat Ethereum.
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February 07, 2020, 10:43:02 AM
 #28



Binance management very smartly engaging its native coine into miltiple purpose and make it one of the best cryptocurrency in Bolckchain Industry.

We all well aware how last year Binace utlise its Exchange and develop their Binace coin market. Here i want to mention some core businesses operating by Binance Team.

  • Binance Exchange
  • Binance DEX
  • Binance Chain
  • Binance Fiat services
  • Binance Launchpad
  • Having giant partners

Binance acquire Trust Wallet, WazirX Indian Market.

Binance coin will make history buy using like these above mentioned features and many more.

I think someday BNB will beat ETH, What you Think Smiley
Because they have money, they can buy many companies or ideas, but they are unlikely to succeed. Billionaire Son Masayoshi has invested in many technology businesses and has become the richest person on the planet, but then when the startups did not work as expected, all failed. he is now a venture capital millionaire and that says not every investment is possible. Although I know that the Binance team is working hard to control the market, I still believe that ETH is worth more. They have a great platform and are used by a lot of users. in the future they will soon upgrade ethereum 2.0, so everything needs time to respond.


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February 07, 2020, 10:43:18 AM
 #29

I think someday BNB will beat ETH, What you Think Smiley
if that happens it takes a very long process for Binance BNB to beat the ETH price.

Current price position (7 feb 2020).

BNB position: $ 21.73
Ethereum: $ 220.77
Very far in comparison.

Ethereum is used by all ERC 20 transactions and the volume is very high compared to BNB and Eth using many available platforms.

While BNB is rarely used for transactions in general on the market, it is not the same as eth.

So, I would argue that BNB might not be able to beat the ETH price.
I think in cryptocurrency all the possibilities can happen, you can see how the bitcoin price movement from the beginning was created until now the price can be expensive, so when the Binance exchange has a good development then it can be used as an opportunity for rising BNB prices so the price range is not be a serious problem.

It is undeniable that currently the platform for Binance exchange is widely used by the people for trading because indeed there can provide comfort and security when trading.

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February 07, 2020, 10:56:15 AM
 #30

I think someday BNB will beat ETH, What you Think Smiley
if that happens it takes a very long process for Binance BNB to beat the ETH price.

Current price position (7 feb 2020).

BNB position: $ 21.73
Ethereum: $ 220.77
Very far in comparison.

Ethereum is used by all ERC 20 transactions and the volume is very high compared to BNB and Eth using many available platforms.

While BNB is rarely used for transactions in general on the market, it is not the same as eth.

So, I would argue that BNB might not be able to beat the ETH price.

I agree still here is a huge difference between them but since Eth hype continuously coming down and binance is well in business. If this routine will
continue at least 1-2 year  this will change the game.
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February 07, 2020, 11:37:21 AM
 #31

I think someday BNB will beat ETH, What you Think Smiley
if that happens it takes a very long process for Binance BNB to beat the ETH price.

Current price position (7 feb 2020).

BNB position: $ 21.73
Ethereum: $ 220.77
Very far in comparison.

Ethereum is used by all ERC 20 transactions and the volume is very high compared to BNB and Eth using many available platforms.

While BNB is rarely used for transactions in general on the market, it is not the same as eth.

So, I would argue that BNB might not be able to beat the ETH price.

I agree still here is a huge difference between them but since Eth hype continuously coming down and binance is well in business. If this routine will
continue at least 1-2 year  this will change the game.

maybe I don't agree that there will be a change in the next 1-2 years that binance will be able to shift ethereum. still need time for this, although in crypto can happen that are unexpected but still realistic.
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February 07, 2020, 11:41:58 AM
 #32

ETH does not have that kind of development as it's a different platform, as long as there's a lot of project that trust their platform ETH will continue to grow. I wouldn't bother thinking of the possibility that Binance can beat ETH someday as both coins are good and I have invested on both.
Actually, I'd rather like to see them grow together and make this altcoins market a strong market for people to invest in.
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February 07, 2020, 12:14:54 PM
 #33

Ethereum is just too solid a project for Binance to defeat. Many bitcoin buyers and sellers most use peer-peer have never even heard of BNB, lols! although they know ethereum well and trade it. I have been educating them about binance because of its support for some fiat and has very high liquidity with excellent customer service. Binance is a fantastic exchange but ethereum is a solid project with a good community.
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February 07, 2020, 02:48:43 PM
 #34

It definitely can depending on how binance improves the ways people can use BNB. Just to give an example last year binance was dealing with a lot of IEO because they were giving that chance and millions of dollars worth of BNB was bought to support those new coins, yet eventually the interest got less and less which still means BNB is a high priced coin but nowhere near its peak last year.

Now, if they can somehow get the interest for their IEO higher or find a way to get people excited about something and use BNB for it making an excuse to buy BNB by millions of dollars again, they would be able to increase the price yet again and eventually with enough time I am sure BNB will pass ETH, however if they just slack of and not do business properly then BNB won't worth as much even if still good.

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February 07, 2020, 02:57:47 PM
 #35

I don't think Binance will beat Ethereum. Taking a closer look at the rate which the market went recently, Ethereum outperformed Binance , also, many have this opinion that, if Binance takes over form Ethereum there's likely to be a market monopoly, which will not be good for crypto community. Ethereum upcoming upgrade from PoW to PoS will make Ethereum more attractable and viable.

Am holding some Ethereum and very few BNB tokens ..

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February 07, 2020, 03:02:51 PM
 #36

I do not agree. in my opinion binance will never be able to defeat the position of ETH. I am always sure of the smart contrac that ETH continues to develop. and POS system that will be used in ethereum 2.0 later, I'm sure this will reverse the situation and eth prices can even exceed the highest price at that time.

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February 07, 2020, 04:09:48 PM
 #37

It is obvious that in its message topic starter systematically leads us to the idea that BNB is better than ETH. And manipulates numbers a bit.
By the way, the Binance coin rate is not quite correct, the coin cost 10 cents on the ICO, and at the beginning of trading there were already other numbers. As for ETH the coin cost about 0.02254 BTC on the ICO
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February 07, 2020, 11:10:24 PM
 #38

Ethereum's community might be older and experienced so Binance need more time to reach near to Ethereum so Binance is bit far to compare with . but Binance have potential if exchange keep move smoothly.

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February 07, 2020, 11:46:26 PM
 #39

Ethereum is failing to update the technology with the time where it is needed. They had hard fork last year and this year they gonna have ETH 2.0 upgrade, so, I think they started developing strongly, that's why I think Binance won't beat Ethereum not very soon. But the way Binance making new features, someday it can beat Ethereum, there is a possibility? But personally, I believe Binance won't able to make it?

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February 07, 2020, 11:46:37 PM
 #40

I don't think that the two is even comparable to be honest. If you wanted to compare BNB then its closest competitor is Kucoin Shares (KCS), both are exchange coins.

But for the sake of argument, personally, I don't think that BNB will beat ETH any day, yes BNB enjoy the support of the community, but ETH still takes the second position behind BTC and would continue to be traded in millions in dollars whether we are in a bull or bear market.

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