Binance as the third largest coin

[Twinkledoe]

I think the addition of the BSC "Binance Smart Chain" has certainly boosted the Binance ecosystem, with the high fees associated with trading on the Etherium ecosystem people have seemingly moved across and are making the most of the lowers fees. And even though the Etherium network would be more decentralised - I dont think people care - It's more about saving on fees to them that matters. And even with all of this I would like to add that if you look back - BNB has been one of the best performing assets in the cryptocurrency space - CZ is a smart guy who sees opportunity and pounces, that's why he's so successful.

Right now, it is more on saving fees rather than thinking that BSC is centralized platform. As many people are tired of high gas fees under eth, you can't blame them to look for better alternatives. If Binance will boost their marketing for this BSC network, in time, it will be a good competitor of eth network especially for those that are looking for other options and features.

[kapalmabur]

Because of the Binance Smartchain, Binance is a very useful altcoin, low fee,
user friendly and has a reputation as the number 1 exchange in the world, Binance shows that they have strong fundamentals and deserve to be in the top 3, but their Ethereum rivals I believe are still it's not over yet to think about the problems they face, congratulations to your BNB holders!

[HaekalZ]

Binance (BNB) as the third largest coin in cryptocurrencies, it has so many potential that it can really beat BTC in the future, maybe in 2030.
why? because every altcoins in binance like CAKE , BAKE, has already gone up, i do believe that this coin can be the leader of the cryptocurrencies in the future.

[GWS My Boy]

Binance (BNB) as the third largest coin in cryptocurrencies, it has so many potential that it can really beat BTC in the future, maybe in 2030.
why? because every altcoins in binance like CAKE , BAKE, has already gone up, i do believe that this coin can be the leader of the cryptocurrencies in the future.

it is still too early if BNB is sbeut as one of the coins that can replace bitcoin although the development of BNB looks very good but there are other coins that are more appropriate namely ethereum Volumes are still in the hands of ethereum than BNB so I still believe in ethereum even then of course it takes a very long time

[TastyChillySauce00]

Thats another proof that binance have too much power. They can pump or dump anything

Their capital is indeed very high but if I doubt they got this far just because of they have the capital, to just pump and wastes billions of dollars seem doesn't make sense to me unless they could influence people into following the bullrun just like how elon could hype up dogecoins. After all binance influence already covers every corner of crypto.   

[cafee_orange]

Binance became an Altcoin that was reckoned with in trading and grew to become the number 3 altcoin after Bitcoin and Ethereum which was inseparable from the hard work of developer Changpeng Zhao and his team. and it looks like Changpeng Zhao will show us all that Binance is a potential competitor to all altcoins for the foreseeable future. besides that Binance is actively trying to expand its reach by opening Fiat to Crypto channels around the world so that it will increase its number of subscribers. All of the above factors are why BNB is a great token to keep. this is the effort that is being developed by BINANCE

https://blockchainmedia.id/beli-bitcoin-di-binance-kini-bisa-pakai-kartu-kredit/

[uelque]

With the state by the CEO, do you think he is working harder to overtake etheruem or bitcoin    

https://cointelegraph.com/news/3-reasons-why-binance-coin-bnb-hit-a-new-all-time-high-at-148

Of course. That shoud not be ask.
Every coin BnB or not would always work even harder to overtake those coins at the top. That's every CEO's main goal, and I can't be wrong.

And overtaking Bitcoin and Ethereum would still take a lot more years before it happens as majority would say. But still, who knows right?
The expansion of DeFi related protocols in BSC, partnerships and integration made by Binance is something to look up to, because a lot more things might happen having their wise decision.

[bonyaserg]

Now that a large number of coins are growing in the cryptocurrency market. The Binanc coin began to amaze with its dramatic growth. And this coin is already becoming very popular among traders. This means that you can invest in this coin and get a good profit. And now I believe that Binanc has big plans for the future. So what to work on and make plans with the Binanc coin.

[South Park]

Thats another proof that binance have too much power. They can pump or dump anything

It is true that binance is becoming too powerful but if people do not like it then they either need to decide on their own to not use it, something very unlikely because most people do not care about a centralized institution becoming that strong, or the other possibility is that the competitors of binance up their game and begin to offer a better service and they release their own coins, while this will bring even more centralized coins this will lower the dominance of binance over the market and yet most exchanges do not seem to be close to be able to compete with binance anytime soon.

[babykika2027]

Good illusration what happens when you have big enough exchange and army of fanatics

[Lantind]

it is still too early if BNB is sbeut as one of the coins that can replace bitcoin although the development of BNB looks very good but there are other coins that are more appropriate namely ethereum Volumes are still in the hands of ethereum than BNB so I still believe in ethereum even then of course it takes a very long time

In general, neither Ethereum nor BNB will be able to beat Bitcoin at any time, tokens that are already popular such as Ethereum and BNB are the basics of users and token enthusiasts, while Bitcoin has exceeded that, you can see Bitcoin Volume, Bitcoin Community, How many Bitcoin enthusiasts and Bitcoin users, even though in terms of price it has been defeated by the YFI DeFi token, but in position and others it cannot be beaten.

[Natalim]

it is still too early if BNB is sbeut as one of the coins that can replace bitcoin although the development of BNB looks very good but there are other coins that are more appropriate namely ethereum Volumes are still in the hands of ethereum than BNB so I still believe in ethereum even then of course it takes a very long time

In general, neither Ethereum nor BNB will be able to beat Bitcoin at any time, tokens that are already popular such as Ethereum and BNB are the basics of users and token enthusiasts, while Bitcoin has exceeded that, you can see Bitcoin Volume, Bitcoin Community, How many Bitcoin enthusiasts and Bitcoin users, even though in terms of price it has been defeated by the YFI DeFi token, but in position and others it cannot be beaten.

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.

[Oshosondy]

some other altcoins did go up, but in terms of market capitalization, BNB was even able to be in position 3. Do you also think the same as me that in the next few years BSC will be able to compete with ethereum?

As for this year January, BNB was less than $100, but increased abruptly to $120 and later get another increase to over $350, that was the time BNB climbed the ladder to the third strongest cryptocurrency. But its price later decreased and now at $225 which makes its marketcap to drop below the marketcap of Cardona which is the third most strongest now, while Tether is the four while BNB now at fifth position.

[sgenuine]

it is still too early if BNB is sbeut as one of the coins that can replace bitcoin although the development of BNB looks very good but there are other coins that are more appropriate namely ethereum Volumes are still in the hands of ethereum than BNB so I still believe in ethereum even then of course it takes a very long time

In general, neither Ethereum nor BNB will be able to beat Bitcoin at any time, tokens that are already popular such as Ethereum and BNB are the basics of users and token enthusiasts, while Bitcoin has exceeded that, you can see Bitcoin Volume, Bitcoin Community, How many Bitcoin enthusiasts and Bitcoin users, even though in terms of price it has been defeated by the YFI DeFi token, but in position and others it cannot be beaten.

Of course, Bitcoin in its technical characteristics is inferior to today's tokens and cryptocurrencies. But in terms of popularity, BTC is the best. Whatever projects appear now, none of them will be able to outshine Bitcoin. Bitcoin will remain a symbol of the beginning of the cryptocurrency era, even if it loses its popularity and value after many years. Be that as it may, investing in BTC is the most profitable asset that is guaranteed to bring good returns. It is not for nothing that everyone is trying to invest in Bitcoin.

[carrie_white]

Binance exchange is the main reason why the BNB coin is the third largest coin in the crypto market, because in my opinion there are so many new people who are interested in the world of crypto, and they are looking for the best exchange so that their investment money is safe, Binance Exchange is the answer, because Binance Exchange is already very popular and very reliable

[South Park]

Good illusration what happens when you have big enough exchange and army of fanatics

This also happens because most people do not really care about decentralization at all, they only care about making money and if they can make money with the binance coin then that is what they are going to do, and I think that as the market grows this posture is going to get more and more popular as the percentage of people that are actually aware of the ideals behind bitcoin and decentralized cryptocurrencies is getting smaller each year.

[DanielBroonze]

The pretty obvious reason in my opinion: Ethereum's fees have been quite high for a while, and Binance Smart Chain(BSC)'s fees are drastically lower. And yes, BSC is like magnitudes more centralized than Ethereum, but it comes to show how a lot of people don't care that much if a certain project is decentralization or not as long as they can make their bets on certain tokens.

Agreed with you! BSC Fees are low compared to Ethereum's fees.

[Mulann2]

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.

Some thing has to give for another to take. The demand for a service cannot wait for no one, in every day life, if a supplier fails to supply, then attention is given to another supplier. I guess the Binance chain team should actually thank the Ethereum network for their short fail with regards to this high gas fee which lead to this movement and also, Binance have their own issue too cos i have seen traders complain about their Futures market hanging when there is huge market upside movement leading to monies lost which could also affect that side of the exchange. Some ones lost will always be someones gain. 

[tygeade]

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.

You know that when the public has their eyes and at the end it never worked, it’s going to be a problem for them because a lot of people are going to start talking about it and even bashing them for it. So he’s just keeping it safe by saying they just want the growth and nothing more.

[TastyChillySauce00]

This is indeed a reality if we see today that Binance has experienced a fantastic increase. If we observe the increase that has occurred in BNB today, it is indeed quite large.
some other altcoins did go up, but in terms of market capitalization, BNB was even able to be in position 3. Do you also think the same as me that in the next few years BSC will be able to compete with ethereum?

Indeed, if we look at BNB and Ethereum at this time, it will become a competitor. The strong reason the two will compete is because the current BNB is even though the platform is still new to Kumunitas and also the Token in the network is also high. The data shows that the graph of the increase in BNB is quite fast every day. yeah, both of them will compete later. BNB offers low fees but fundamentally remains high ethereum

The gap between both of the coins in term of market cap still too high, BNB better get far ahead of cardano first before competing with Ethereum because it seems the #3 position keeps on changing, you could say that if BNB market cap is not even half of ethereum the competition won't be happening. Not to mention the gap between BNB and all the top coins behind aren't that far ahead.