BNB is No. 4 (3RD NOW) - 4th/3rd/5th again

[Tipstar]

^ As you can see, there was a tiny drop in TVL the past days. Those who moved to BSC are probably shark traders/investors while whales remained at Ethereum.

This is just the start. As people starts realizing BSC is a better network that gets the job done, they'd keep moving to it. As BNB is now being seen as the direct competitor to ETH, it also depends on how ETH moves. The slower and costly the ETH network is, the faster would BNB grow.

[1714538081]

1714538081

[AmoreJaz]

^ As you can see, there was a tiny drop in TVL the past days. Those who moved to BSC are probably shark traders/investors while whales remained at Ethereum.

This is just the start. As people starts realizing BSC is a better network that gets the job done, they'd keep moving to it. As BNB is now being seen as the direct competitor to ETH, it also depends on how ETH moves. The slower and costly the ETH network is, the faster would BNB grow.

now, this is a challenge for eth to move faster with their eth 2.0. otherwise, they will be left behind by the BSC network. binance is very aggressive with what they are developing and they are delivering it to the community.
now, waiting when will eth network will make a very good announcement to the community. but right now, BSC is gaining attention and maybe some developers are already building their projects under this network, which is not surprising at all.

[Ridwan Fauzi]

I have told many times about the coin that has a good function or real function will be much choosed by most people. As we now, BNB is binance exchange coin that has been trusted by most people who own crypto currency. Yeah,  think 55% crypto user will store and trade in binance exchange.

This is why that will make binance coin can growth and even taking the third place on the top crypto curreny price/market cap. To be honest, when ETH is increasing a lot and its impact to the fee per transaction I never use ETH blockchain anymore to sending my asset. I only use binance smart chain that still has a low fee transaction and also fast to proccess one transaction.

[Sled]

The ethereum network is now severely congested. People are starting to trade with bsc right now and there are very fast transitions to bsc network. I think Binance will progress even better with bnb in this way. If ETH does not solve this fee issue, unfortunately, it will fall into very bad situations. It does not suit anyone to pay too much fees.

This should be a wake up call for them, otherwise they will loss investors and BNB will become their great competitor, and looking at Binance, they have a great advantage as they own an exchange that people trusted, so let's see what's gonna happen moving forward.

[tabas]

Just by comparing the two, I felt more bullish on BNB That's $42 billion compared to $11 billion. There's still a lot of room to grow,

And not a surprise anymore if we get to see BNB will overcome the current locked in value in Ethereum. That's just how it goes. The advantage is always with the bigger investors or the whales that we call. But for those who have been with BNB before this bull run, you'll appreciate the project more this time.
Are there new BNB millionaires this time? we've got many Bitcoin and Ethereum millionaires though so it's kind a new achievement.

[Danslip]

The bulls are stronger than ever on BNB charts and the price soar will not stop until the BNB hits $1000, IMHO. The BTC can go as high as $100k and BNB traders will take this opportunity for riding BNB to $1000. The Binance smart chain and its second to none features will add more value on top of the BNB, so nothing can stop Binance coin from reaching new higher high price points. The Binance Launcpad will boost the current bull trend on BNB markets but it is still early to buy the BNB if there are no new listed projects on launchpad.

[sangkler11]

can BNB overtake Ethereum on this year ??
I think it's difficult, because ETH does not have a maximum supply, there is no limit to the cryptocurrency Ethereum, the supply increases every year.
Unlike BNB which has a max supply of 170,532,785 BNB and 154,532,785 BNB in circulating.
So BNB price has to reach - + 2000 $ to overtake ethereum.

[abel1337]

Just by comparing the two, I felt more bullish on BNB That's $42 billion compared to $11 billion. There's still a lot of room to grow,

And not a surprise anymore if we get to see BNB will overcome the current locked in value in Ethereum. That's just how it goes. The advantage is always with the bigger investors or the whales that we call. But for those who have been with BNB before this bull run, you'll appreciate the project more this time.
Are there new BNB millionaires this time? we've got many Bitcoin and Ethereum millionaires though so it's kind a new achievement.

With the current market status of BNB now, I'm pretty sure that there are many BNB millionaires right now that just keep gaining and gaining like what Bitcoin and Ethereum whales are doing right now. It's a surprise that BNB gained so much in value over a year and making it to the TOP 3 of CMC. Believers think that it will become the next ETH but I think there's more about it because BNB just keeps growing.

[kevinzxz]

If in the future investors prefer the Binance Smart Chain and with the support of unresolved etherium problems, the chances of BNB's growth could be even higher.

I agree with you, because now it seems like everyone is starting to be interested to investing in altcoin binance smartchain because the transaction fees on Binance blockchain are very low when compared to Ethereum, then Binance also has a very popular project which is Binance exchange, because Binance exchange is one of the biggest exchange at the moment and has a very high volume, thus making people more believe and easy to know about the project from Binance, therefore I believe Binance smart chain will be very popular in the future and even more popular than Ethereum if gas fees from Ethereum are still expensive.

[Shasha80]

The most plausible reason why BNB suddenly rose to rank 3 now is that Binance Smart Chain has started to attract many projects and investors.
I had predicted that BNB would be a good altcoin for investment, and my guess was correct. What makes me very surprised is that BNB is able to
pass the USDT which has long been in the number 3 position. If BNB pass Cardano and Polkadot I am not surprised, but passing the USDT is
a very good achievement.

[xSkylarx]

Their goal is to surpass eth but seeing its total marketcap, binance is just 25% of the ethereum's marketcap so it's still a long a way to go for bnb to get in the top2 spot. But knowing the people behind bnb and its binance smart chain which has very low fees and fast transaction compared to ethereum network it's really possible for them to take the number 2 spot. The question now is what would be the price of bnb when that happens and seeing the price that increased very fast when it's possible to happen.

[South Park]

Yep, you are correct, since Ethereum mainnet has been clogged and many investors are complaining, projects might switch to Binance Smart Chain and this could spell doom for Ethereum although it has surpassed and reach their new all time high this year. But if sustainability will be their main stumbling block, then it will be Binance advantage as we have seen it has grown tremendously in the last couple of weeks.

This is interesting, ethereum for a long time it did not had competitors that were as powerful as it is and it could get away with the high fees simply because project developers did not had an option but now they have a huge competitor in binance that is going nowhere and I will not be surprised if it could eventually take ethereum’s place as the second biggest coin in the market, it is still far away and it will need to make a 4x from its current price but the potential for such movement is finally there.

[asriloni]

I suspect development could be over $ 350.

It's easy for binance to surpass such rate. Binance was growing from $50 to the $330 in less than a month dude. The bitcoin bullish trend is still happening or this will  be last forever as more adoption will be coming soon
So many countries started to consider bitcoin as a potential thing and this will give a very good impact to the ethereum too.
There are lots of factors why binance could even reach 1k rate in the future.
So many people have been discussing about this thing and binance was still regularly burning the binance coin. The fact that if binance is a very good coin atm.

[TravelMug]

can BNB overtake Ethereum on this year ??
I think it's difficult, because ETH does not have a maximum supply, there is no limit to the cryptocurrency Ethereum, the supply increases every year.
Unlike BNB which has a max supply of 170,532,785 BNB and 154,532,785 BNB in circulating.
So BNB price has to reach - + 2000 $ to overtake ethereum.

On the contrary, it makes BNB more valuation as they also burned tokens making the supple go down. And we all know that everything here is based on the basic economic principle of supply and demand. So the bigger the demand in the market for BNB, the higher it will go in price.

So a $1k or even $2k price of BNB can be achieved this year specially in a bull run that we are seeing, super fast rally that no one knows what is the top price.

[Traderbtcc]

Yeah, that's right. BNB has overtaken both DOT and ADA in terms of market capitalization. I think this is largely due to the many projects and users/traders/investors migrating to the Binance Smart Chain.

^ Checking the price reminded me of the time I sold my BNBs at $45

Not just you mate, there was a time I felt bnb at $30 was over bought, so I had to panicked and sold mine, bnb took the whole crypto market by surprise, I guess the demand for bnb increased shortly after project running on Ethereum started migrating over to binance smart chain (BSC) due to the insane gas fee on eth network, if the problem with eth gas fees isn't fixed soon bnb might just over it also, at least no insane gas fee on Binance Smart Chain.

[Dedewahyu]

since the bullrun rally, BNB marketcap has increased rapidly, it is certain that the ranking on coinmarketcap will increase. This is a positive sentiment for BNB that the coin is in great demand by the community. Will the BNB return to $ 30? Who knows.

[In the silence]

since the bullrun rally, BNB marketcap has increased rapidly, it is certain that the ranking on coinmarketcap will increase. This is a positive sentiment for BNB that the coin is in great demand by the community. Will the BNB return to $ 30? Who knows.

Observing the activity of bnb this past few weeks, it grows insanely +700%. $30 is now impossible if correction happens. There are locked bnb in staking so its not yet easy to say that it will dump. After all this has been predicted to challenge eth.

[aioc]

So a $1k or even $2k price of BNB can be achieved this year specially in a bull run that we are seeing, super fast rally that no one knows what is the top price.

It's possible Binance coin will have a good showing in the market this year, it's not really surprising they are the leader and all-new coins want to get in here and they are the most preferred by traders, Ethereum is now receiving a lot of fo complaints on their gas fees, they are looking for a better choice and BNB is a good option, if ever Ripple makes a rally I don't think they can surpass Binance.

[LogitechMouse]

We are in a bull run now yes but what made BNB's price surge even higher is the fact that they created Binance Smart Chain. That is the big catalyst into why they are on the top 3 right now.

With Ethereum getting clogged right now and with the transaction fees of it at its peak (even higher than Bitcoin at some point), most of the new DeFi apps will choose to create under Binance Smart Chain rather than in Ethereum. Add also the fact that they will be listed automatically on the exchange. The fees are relatively lower in Binance compare to ETH (IIRC, it is only 10 Gwei).

I saw BNB at its lowest price at $18 but unfortunately I didn't bought at that time because of lack of funds.

[X-ray]

Observing the activity of bnb this past few weeks, it grows insanely +700%. $30 is now impossible if correction happens. There are locked bnb in staking so its not yet easy to say that it will dump. After all this has been predicted to challenge eth.
[/quote]Agreed, especially more and more BNB goes to the swap service which has been creating liquidity pool for the binance holders and the binance coin will impossible to be dumped to the bottom again.
The problem is another ethereum killers offering less benefits compared with binance chain. Binance was only getting predicted to be a common exchange token but it was getting changed when CZ was introducing the binance chain.
I remember the first version if binance chain is failed to attract people to migrate from ethereum to the binance chain but so many improvements happened.