will Binance be the next Ethereum?

[kevinzxz]

as we can see if the price of Binance has risen very high for now and even all the coin that use Binance smart chain have also increased very high and of course gas fees from Binance are very low compared to Ethereum, so there is a possibility that in the future there will be many projects using blockchain from Binance and that is an opportunity for Binance to replace Ethereum (become the king of all altcoin).

so do you agree with me if Binance will be the next Ethereum? or are you thinking of anything else?

[Jawhead999]

As long as the reputation of Binance (exchanges) is good and still become the top exchanges of Centralized exchanges, Binance coin could replace Ethereum.
But we can't deny the fact if Centralized exhanges always have been targeted of hacker and each year there at least 1 exchanges will be hacked, Binance ever got hacked once on 2019.

So, be aware if Binance will get hacked in the future... the coin value will got affected too.

[bassbity]

Binance has a great opportunity to take over large investors from Ethereum to Binance for an exchange. So as long as Ethereum GAS costs are still like they are now even insane, then don't be surprised that there will be massive aggression going on. The fact is that we feel comfortable when exchanging with BNB, besides that we are no longer dependent on Ethereum GAS. Let's wait for what strategy Vitalik will launch when we see the data on the decline that occurred this year, I prefer to call it an Ethereum loan shark.

[Bitstar_coin]

Why not! the coin has great utility, everyone seem to be in favor of it great features which many people seem to be enjoying and recently we have the binancesmartchain that will be useful for upcoming devs especially in times when the eth network is driving people crazy with high gas fees, eth has given bsc an opportunity even cz has acknowledge that.

[Daddyj2]

If Ethereum can't fix it's problem with the high fees BNB will surely replace it as Projects based on Binance Chain will get lower fees and project managers and people will always want lower fees. There are also more and more projects now that are base on Binance Chain and if these continues BNB price will surely increase in no time.

[Porfirii]

This is something I was wondering this morning.

I'm not betting for it to happen (still) but it is true that the progression of the BNB in the last days and weeks is remarkable.

Maybe in the future I'll sell my ETH and FOMO buy BNB, but not right now, when Ethereum is re-testing the 2K. This may be not the most intelligent decision, but let's see

[dadul]

If BNB as gas on BSC keep increasing, it has same problem with ethereum in the future.

[speedforce]

If BNB as gas on BSC keep increasing, it has same problem with ethereum in the future.

Same thought here, but since BSC already use PoA mechanism instead of PoW i dont think the fee will be as wild as Ethereum.

[ryzaadit]

I things yes, when ETH can't solve the fee transaction.

Most of DEX and token has been move out to Binance Chain or TRX, because cheaper than ETH for the transaction and now almost major coin was also avaible on a different chain like Binance & TRX.

Imagine, when you doing a trade paid the fee 30-50$/TX for exchanging your token/coin on DEX exchange.

[Flowzer]

as we can see if the price of Binance has risen very high for now and even all the coin that use Binance smart chain have also increased very high and of course gas fees from Binance are very low compared to Ethereum, so there is a possibility that in the future there will be many projects using blockchain from Binance and that is an opportunity for Binance to replace Ethereum (become the king of all altcoin).

so do you agree with me if Binance will be the next Ethereum? or are you thinking of anything else?

I agree if someday BNB will overthrone ETH at CMC Ranked. But, i'm a little bit sceptical if the meaning of it was BNB Price over ETH Price since How to get ETH is more painful and costful than BNB (Mining Process) which trigger ETH Price to rising like now (Like Bitcoin do).

[meanwords]

Hard feat but as I am seeing it now, it's not impossible. It really pains me to see Ethereum become unusable for me. I don't think I'll be using Ethereum for a while until they fix the issue with the fee and I know a lot of people will probably do the same so Binance is a good alternative when Ethereum is a pain to use right now.

Though it's the community that will still drive the top altcoins. If somehow loyal Ethereum users got sick of using Ethereum, then Binance might have a chance.

[target]

Not what many had expected though. There used to be threads like Polkadot the next ETH or Cardano, it's what users could come up with whenever there is a new token that beats the top ones.

I have no idea how many ERC20 tokens are migrating to BEP20 but i have not seen any significant token that tried on BEP. It could be that investors are buying BNB all because they trade on Binance and it's all for low fees than UNI.

[Yaunfitda]

as we can see if the price of Binance has risen very high for now and even all the coin that use Binance smart chain have also increased very high and of course gas fees from Binance are very low compared to Ethereum, so there is a possibility that in the future there will be many projects using blockchain from Binance and that is an opportunity for Binance to replace Ethereum (become the king of all altcoin).

For that to happen, majority of projects will have to switch to Binance Main Smart Chain, so far though there are a lot of projects running on it and there could be more assuming that Ethereum's scalability are not going to be solved in the future.

so do you agree with me if Binance will be the next Ethereum? or are you thinking of anything else?

But I wouldn't say it will be the next Ethereum, they can compete which each other, thus this will be good for the ecosystem. But Ethereum are going to stay and can't be replace.

[Casdinyard]

Indeed Binance is having quite of a good performance at this moment, catching the eyes of many investors on its high rate of market price increase. But I guess that won't be enough to be the next ethereum and I guess that's no one's expectations. Ethereum is a "established" cryptocurrency in this industry wherein it is being used to most of the transactions involving cryptos which is its bigger advantage over other alts. Rate of increase won't be enough as a bottomline, unless if it is for investment purposes, especially short term. But, I won't disregard the possibility for Binance to be a bigger crypto in the future seeing its potential.

[sheenshane]

BNB coin is always a matter of the Binance exchange and so far, they are doing great as of now. 

Another factor is the fees, if Ethereum will not be able to lower their fees, it might be BNB will next to the Ethereum or either in Bitcoin.  Traders now are usually prepared on BNB coin in trading pair because it has low fees compared to both Ethereum and Bitcoin.

And based on the article on Coindesk, it gains 45% in just 24 hours just because of the new Defi projects and of that is PancakeSwap.

[magnum cyber]

it still a question mark? Although I can say that it can happen, but it all takes a process and depends on how the team performs in developing the project. Since currently the cost of gas on Ethereum is absurd, people are starting to complain about it. , the Ethereum project team has not been able to solve this problem. and I am a little worried that if ethereum gas costs become more expensive, it is possible that investors will prefer or switch to the Binance Smartchain platform with very low transaction fees.

[m_nief]

it could happen at some point. Binance has more advantages than ethereum. The increasing number of projects based on binance smartchain will slowly shift the popularity of ethereum

[XCANA]

<snip>

so do you agree with me if Binance will be the next Ethereum? or are you thinking of anything else?

To what you have ax-ray from your point of view, Binance coin could as a matter of fact be the one to dethrone the said Ethereum if there's nothing be done to Ether gas. The gas fees for Ethereum transactions are very huge compare to that which the Binance chain has brought, so, people tend to move their project from Ethereum to Binance chain becasue of the gas fee problem. Maybe the Ethereum -2.0 will handle this issue as we await the project team update of the Ethr-2.0

[jrrsparkles]

as we can see if the price of Binance has risen very high for now and even all the coin that use Binance smart chain have also increased very high and of course gas fees from Binance are very low compared to Ethereum, so there is a possibility that in the future there will be many projects using blockchain from Binance and that is an opportunity for Binance to replace Ethereum (become the king of all altcoin).

so do you agree with me if Binance will be the next Ethereum? or are you thinking of anything else?

Binance gave the best trading platform for very cheap cost and now they are getting the reap for their investment, today BNB replaced USDT and ranked at number 3 in the market cap which is too good for the holders. But it can be the replacement for ethereum possible in the short term due to insane fee on the ethereum network.

[TinaK]

it could happen at some point. Binance has more advantages than ethereum. The increasing number of projects based on binance smartchain will slowly shift the popularity of ethereum

Ethereum marketcap is more larger than Binance so it will never beat the ETH. Majority of the investors are recently concentrate the Binance so it make huge growth on recent days and we are always hold some ETH on forever long term investment so it will maintain a same range on further years. I hope we never shift on ETH to BNB.