Binance as the third largest coin

[livingfree]

I see it again today that BNB comes back as #3 in the market in terms of market cap. Maybe others would be considering it becoming #3 because of the price increase.

But that's not how it goes, the market cap is the basis and it's again there. I think a few days ago it was ADA.

[1714810710]

1714810710

[1714810710]

1714810710

[1714810710]

1714810710

[DoctorMark]

I see it again today that BNB comes back as #3 in the market in terms of market cap. Maybe others would be considering it becoming #3 because of the price increase.

But that's not how it goes, the market cap is the basis and it's again there. I think a few days ago it was ADA.

Yeah it's been alternating between ADA Binance coint and tether

[livingfree]

I see it again today that BNB comes back as #3 in the market in terms of market cap. Maybe others would be considering it becoming #3 because of the price increase.

But that's not how it goes, the market cap is the basis and it's again there. I think a few days ago it was ADA.

Yeah it's been alternating between ADA Binance coint and tether

Yup.

The transition for those coins and replacing at that spot is very quick. Before, it was a long time on XRP but because of the lawsuit it has gone lower this time and its ranking dropped to #7.

And for these coins, it was expected that they'll be on that ranking close to each other but I'm surprised to see ADA on that position.

[Fivestar4everMVP]

Binance have really come a long way, in as much as I don't own a single binance coin, neither have I ever profited from the coin, but am still proud of how far and successful the project have come to be, binance bnb is a blessing to many people in the crypto space, I regret not buying the coin when it was still cheap, but still, am happy for those who did and were able to profit immensely from the surge so far.

[Kang TB]

I see it again today that BNB comes back as #3 in the market in terms of market cap. Maybe others would be considering it becoming #3 because of the price increase.

But that's not how it goes, the market cap is the basis and it's again there. I think a few days ago it was ADA.

there is a competitions between BNB and cardano in market capitalizations
but, i'm sure BNB will be the winner, just like now
because BNB supported by a first class centralized exchange called binance

[Natalim]

As long as bitcoin continues its high dominance, nothing can beat bitcoin, it will remain in the top. Bitcoin has an anonymous creator, and that's the purpose of bitcoin which is to bring anonymity and the brand of our market is bitcoin, without bitcoin crypto would not be popular.

Bitcoin will not give anonymity, the creator is anonymous but that is a completely different story altogether and it started the market but what does it do in the context for other coins. BNB rallied and you should thank ETH for that as the delay in transaction has forced some developers to move to BSC and that helped them gain momentum.

Bitcoin is anonymous if you will stay to be anonymous, same thing with other coins, if you submit to the KYC requirement than that would make you vulnerable of getting trace, that's what I was explaining though.. I understand there are some privacy coin like Monero, but they are not getting much attention in the market unlike what bitcoin gets.

[livingfree]

I see it again today that BNB comes back as #3 in the market in terms of market cap. Maybe others would be considering it becoming #3 because of the price increase.

But that's not how it goes, the market cap is the basis and it's again there. I think a few days ago it was ADA.

there is a competitions between BNB and cardano in market capitalizations
but, i'm sure BNB will be the winner, just like now
because BNB supported by a first class centralized exchange called binance

Both are fluctuating in terms of market capitalization.

There could be good news for the other and that will make the pump for their price and market cap. And when a bad news comes, traders and investors are quick to sell them rightaway.

But for me, I don't see it as a competition.

[crazy-pilot]

It's amazing how the head of Binance managed in such a short time to raise the centralized coin entirely dependent on the exchange to such a high level. Indeed, in fact, he created an alternative sit down with minimal commissions, while allowing you to move coins to the Ethereum network with almost no commission. If it were not for the bull run and the rise in gas prices, who knows how much the BSC network would be in demand, but we have an unprecedented case when the exchange token becomes in fact the market leader.

[2double0]

It's amazing how the head of Binance managed in such a short time to raise the centralized coin entirely dependent on the exchange to such a high level. Indeed, in fact, he created an alternative sit down with minimal commissions, while allowing you to move coins to the Ethereum network with almost no commission. If it were not for the bull run and the rise in gas prices, who knows how much the BSC network would be in demand, but we have an unprecedented case when the exchange token becomes in fact the market leader.

I am so very happy about how BNB climbed up and made a new ath and still moving higher. As you talked about exchange coins, the trend is good for almost all the coins including other exchange coins like WRX, OKT, BTMX, MX too rose very high. There is a coin which is still waiting to rise and it is HOT. BNB will cross Eth soon and become no.2 largest coin because it is able to quickly deliver the smart contract transactions with very less fees compared to Eth.

[ingiltere]

Binance fully deserves third place and I'm pretty sure with moves ahead they will try harder to get the second place. It's not easy, nobody gives second spot in golden plate but Binance put more products in their environment and become more than an ordinary exchange coin. I don't think 4 digits are utopian for Binance Coin this year. We will see what happens after this quarters coin burn.

[dimonstration]

Binance fully deserves third place and I'm pretty sure with moves ahead they will try harder to get the second place. It's not easy, nobody gives second spot in golden plate but Binance put more products in their environment and become more than an ordinary exchange coin. I don't think 4 digits are utopian for Binance Coin this year. We will see what happens after this quarters coin burn.

There is always room for improvement and to be better that's what BNB have been doing throughly, but overtaking a much higher rank might be a problem in the future as they are fully controlled by an exchange and not decentralized, but as much as the exchanged goal is to provide better service and better function as an exchange it will sure to get more investors, hopefully they will not changed their alignment and stay on goal for better service iso we can use crypto efficiently.

[Viscore]

Binance fully deserves third place and I'm pretty sure with moves ahead they will try harder to get the second place. It's not easy, nobody gives second spot in golden plate but Binance put more products in their environment and become more than an ordinary exchange coin. I don't think 4 digits are utopian for Binance Coin this year. We will see what happens after this quarters coin burn.

There is always room for improvement and to be better that's what BNB have been doing throughly, but overtaking a much higher rank might be a problem in the future as they are fully controlled by an exchange and not decentralized, but as much as the exchanged goal is to provide better service and better function as an exchange it will sure to get more investors, hopefully they will not changed their alignment and stay on goal for better service iso we can use crypto efficiently.

In that case, it depends on the investors because XRP once overtake ETH in the rank number 2 and we all know that XRP is a centralized asset as well. Of all the coins now, I guess ETH really showed the most success in the bull run, it's a late bloomer actually but here it is now.

Still, I like to see a more decentralized asset to dominate the market, not the centralized but ETH needs to take care of the ETH 2.0 to solve the high fees.

[ingiltere]

There is always room for improvement and to be better that's what BNB have been doing throughly, but overtaking a much higher rank might be a problem in the future as they are fully controlled by an exchange and not decentralized, but as much as the exchanged goal is to provide better service and better function as an exchange it will sure to get more investors, hopefully they will not changed their alignment and stay on goal for better service iso we can use crypto efficiently.

It's not a big deal as there isn't fully decentralized coin in the market beside Bitcoin. Binance is a centralized exchange but BNB is more than centralized exchange coin; it presents whole package, smart chain, dapps with smart contract features, deflationary burn mechanism etc. It doesn't rely on one person but a community effort. It's backed by Changpeng Zhao doesn't mean he can do whatever he wants.

[verita1]

It's right! BNB has quickly risen to third place in the crypto market because it is a currency that has gained traction due to all the usefulness it has as a Binance token and the community supports it in addition to having a great businessman like CZ.
I was also surprised by how quickly the coin achieved it.
BNB is a coin that should be in any portfolio due to its strength and because of how much it will offer to the community.

[btc-facebook]

Lol I know for sure that deep down in his mind he’s going to want their BNB coin to overtake Bitcoin, but he said what he said because he doesn’t want to say that they are working towards BNB overtaking Bitcoin and then the public will start looking forward to when the BNB coin will overtake Bitcoin.

CZ is someone who is ambitious, it's just not very visible in the public, we can see every development of Binance, always growing and following market demand, and the great thing is, the development of BNB has always focused on the common foundation in crypto, smart contracts and exchanges are one of them.
If we pay attention, BNB is looking to overtake ETH and BTC, and BUSD wants to take over USDT position
but whether that's true or not, we can wait for at least another 5 to 10 years, because CZ is a person who has a clear and long-term vision and mission.

[NoG-NoG]

The main reason why binance became the third largest and third highest marketcap in the crypto space is because ethereum blockchain is having a big problem regarding the high transaction fee that makes plenty of project shifted to the much lesser and more convenient chain which is the binance smart chain.

[Fredomago]

The main reason why binance became the third largest and third highest marketcap in the crypto space is because ethereum blockchain is having a big problem regarding the high transaction fee that makes plenty of project shifted to the much lesser and more convenient chain which is the binance smart chain.

BSC is one big factor why this coin recieved lots of support, it's not just the traders and investors but it also allows developers to use this chain to create coin project.

It's really a competitive system that have much lesser transaction fees but have a good chain to continue developing your
coin project, sooner or later the value will jump for more.

Expect more positive impacts as many developers see the potentials using this chain.

[X-ray]

The main reason why binance became the third largest and third highest marketcap in the crypto space is because ethereum blockchain is having a big problem regarding the high transaction fee that makes plenty of project shifted to the much lesser and more convenient chain which is the binance smart chain.

Binance gets massive demand from ethereum users and i can say that 1 ethereum user will also use its own ethereum address to be connected with BSC chain. Ethereum's scalability has become the main problem and this forced so many parties are looking for alternative coin and binance is the best answer.

The ecosystem created by binance is very very big. 

[kram31]

I think the price of Binance got increased its price in the market maybe because of the high transaction charge of Ethereum, but I am not sure about this matter, however it could be true or not. This was I saw based on my observations when the price of ETH begun to rise in the market, where BCS took the chance to hype a lot the community here in cryptocurrency business.

[TelolettOm]

I think the price of Binance got increased its price in the market maybe because of the high transaction charge of Ethereum, but I am not sure about this matter, however it could be true or not. This was I saw based on my observations when the price of ETH begun to rise in the market, where BCS took the chance to hype a lot the community here in cryptocurrency business.

indeed the factor of Ethereum's high transaction fees makes most of the people switch to using Binance. and it has increased over the past 3 months. the effect is that the current price of BNB has increased. even the marketcap and also the number of projects in the BNB network make it currently ranked 3. starting to invest in BNB for now in the next 2 years will be able to go up and even compete with ethereum