What's up with Binance Coin?

[Abiky]

BNB rose all the way to the moon becoming the third-largest cryptocurrency by market cap. It's now valued at over $230 per coin, becoming one of the most valuable smart contract platforms in the world after Ethereum. While BNB doesn't come nowhere near close as Ethereum in terms of decentralization, and censorship-resistance, it works great for "De-Fi" with its ultra-low fees and blazing-fast transaction confirmation times.

I'm wondering what could've lead Binance Coin towards new heights within such a short amount of time? Does the "De-Fi" hype have to do anything about this? Do you think BNB's current prices are sustainable or not? Your input will be greatly appreciated. Thanks.

[1715550789]

1715550789

[Renampun]

BNB rose all the way to the moon becoming the third-largest cryptocurrency by market cap. It's now valued at over $230 per coin, becoming one of the most valuable smart contract platforms in the world after Ethereum. While BNB doesn't come nowhere near close as Ethereum in terms of decentralization, and censorship-resistance, it works great for "De-Fi" with its ultra-low fees and blazing-fast transaction confirmation times.

I'm wondering what could've lead Binance Coin towards new heights within such a short amount of time? Does the "De-Fi" hype have to do anything about this? Do you think BNB's current prices are sustainable or not? Your input will be greatly appreciated. Thanks.

It's interesting because I saw Binance getting more interesting when eth gas fee went crazy...
it is impossible for the transaction to stop just because the gas transaction fee is very high, although it can be said that the Binance Smart Chain is a 'copy-paste' but very helpful Defi developer. the most annoying thing about eth is only the gas fee, if it is not resolved quickly, the more people move to the bsc and the price of binance coins is getting higher.

[TribalBob]

BNB prices can exceed ETH if ETH gas does not change, many projects switch to BSC, automatically thus BNB will experience large profits with increased prices,
Binance also offers STake, and farming for new tokens so that is also a factor in the increasing demand for BNB in the market

[palle11]

it works great for "De-Fi" with its ultra-low fees and blazing-fast transaction confirmation times.
 D
I'm wondering what could've lead Binance Coin towards new heights within such a short amount of time? Does the "De-Fi" hype have to do anything about this? Do you think BNB's current prices are sustainable or not? Your input will be greatly appreciated. Thanks.

This is the most reason for the binance hype, the low fees. Etheruem transactions and bitcoin have been very difficult whilesome hang on the way with bitcoin. So if you have Alternative, it will be advise not to invest in a project that the team is  isaac

[shinratensei_]

I'm wondering what could've lead Binance Coin towards new heights within such a short amount of time? Does the "De-Fi" hype have to do anything about this? Do you think BNB's current prices are sustainable or not? Your input will be greatly appreciated. Thanks.

It doesn't, the crazy fees on ethereum could be the main reason that drives the price of BNB to touch a new ATH. There are some news that said some projects on ethereum like curve is starting to consider Binance as a place to migrate its protocol. This will bring the BNB chain the new users.
We know that if curve has a lot of supporters and it could be a disadvantage for ethereum. The fees are the only reason why people starting to adopt bitcoin.

[Francis Freeman]

BNB rose all the way to the moon becoming the third-largest cryptocurrency by market cap. It's now valued at over $230 per coin, becoming one of the most valuable smart contract platforms in the world after Ethereum. While BNB doesn't come nowhere near close as Ethereum in terms of decentralization, and censorship-resistance, it works great for "De-Fi" with its ultra-low fees and blazing-fast transaction confirmation times.

I'm wondering what could've lead Binance Coin towards new heights within such a short amount of time? Does the "De-Fi" hype have to do anything about this? Do you think BNB's current prices are sustainable or not? Your input will be greatly appreciated. Thanks.

The rise of Defi ecosystem is probably one of the reason but the main reason I believe to be is the sustained growth of Binance  ecosystem and Binance smart chain. You can see many prjects actually moving to BSC and the BNB burn is also helping.

[Kelvinid]

I'm wondering what could've lead Binance Coin towards new heights within such a short amount of time? Does the "De-Fi" hype have to do anything about this? Do you think BNB's current prices are sustainable or not? Your input will be greatly appreciated. Thanks.

Defi project have nothing to influence the growth of BNB, in fact, they have the rally before but BNB still calm. But for now, it all a big surprise. May the current spike is not sustainable but I could see that BNB will keep on third place next to ETH, XRP can't take it back anymore as long as the momentum keeps the same.

And one reason that could help the unbeatable growth of BNB is the launch of BSC. This has a huge impact and many projects use this.

https://bnbsmartchain.com/pnetwork-brings-non-fungible-tokens-on-the-binance-smart-chain/

[goinmerry]

I'm wondering what could've lead Binance Coin towards new heights within such a short amount of time? Does the "De-Fi" hype have to do anything about this? Do you think BNB's current prices are sustainable or not? Your input will be greatly appreciated. Thanks.

It was rose to over $300+ and now experiencing a correction. Able to buy that coin for $50 but regardless of the price, my BNB was currently staked there, and never intend to sell it in the meantime as I doubt it will go back again to below $200.

The price increase hasn't to do with the Defi hype. There are lots of profitable activities to do just by staking BNB on their platform and that's what makes a demand. Since launch pool was always a success, it becomes a trendy method for others to earn. And the high gas fees on other chain makes it more reasonable for BNB to be used.

[kawetsriyanto]

BNB prices can exceed ETH if ETH gas does not change, many projects switch to BSC

It is not impossible, I know there is a chance for BNB to overtake ETH. However, it needs a process and a long journey, I am not sure if it can happen in the near future. Not all projects want to switch to BSC directly, some may need time to monitor the trust of BSC. Or some still hopes and wait for the change on Ethereum's gas fees.

[batang_bitcoin]

I'm wondering what could've lead Binance Coin towards new heights within such a short amount of time?

Binance Smart Chain.

Does the "De-Fi" hype have to do anything about this?

Yes, because of those projects that are choosing BSC over ETH (ERC20). It's more efficient for them and have lower fees and that made BNB put into a crazy ATH.

Do you think BNB's current prices are sustainable or not? Your input will be greatly appreciated. Thanks.

It is sustainable, it has once reached $300 and its current price seems stable and calm.

[Kemarit]

BNB rose all the way to the moon becoming the third-largest cryptocurrency by market cap. It's now valued at over $230 per coin, becoming one of the most valuable smart contract platforms in the world after Ethereum. While BNB doesn't come nowhere near close as Ethereum in terms of decentralization, and censorship-resistance, it works great for "De-Fi" with its ultra-low fees and blazing-fast transaction confirmation times.

The answer is Binance Smart Chain.

I'm wondering what could've lead Binance Coin towards new heights within such a short amount of time? Does the "De-Fi" hype have to do anything about this? Do you think BNB's current prices are sustainable or not? Your input will be greatly appreciated. Thanks.

Yes, it's a combination of factors and I would say that Defi is one of them. But as far as sustainability, it the current state of the market which is very bullish, I think it can still rose to even 4 digits. And I'm sure CZ will continue to tweet with his pet project and will totally focus on it in the next coming months.

[meanwords]

I think it's just supply and demand. Ethereum can't provide what people want right now which is faster transaction and cheaper fees, Binance Smart Chain can do that. The fact that Binance is the largest exchange we have right now and that they actually made it easier for ETH projects to migrate to their chain means that they'll have people flocking to them in no time.

It's a smart move for Binance to provide these, especially the demand for cryptocurrency is at it's highest this year.

[cryptoaddictchie]

I'm wondering what could've lead Binance Coin towards new heights within such a short amount of time? Does the "De-Fi" hype have to do anything about this? Do you think BNB's current prices are sustainable or not? Your input will be greatly appreciated. Thanks.

Yes definitely defi triggers the bnb price too. But from what I remembered they are started to pump before their IEO launchpad of safepal. This is due to the changes of the IEO mechanics which changed from lottery to accumulation of bnb the many you hold the more chances to get the token on your allocation. Also this period start or marked the trending of BSC due to gas price of eth network. People transfer from those aching fees to bsc network due to those small fee on Binance.

[DapanasFruit]

There is an exodus right now from Ethereum to the BSC platform which can certainly be helping the BNB coin to gain more leverage, and we know that the more users there are in BSC the more that they gonna be using BNB for any transaction...the same way that happened with Ethereum when DeFi exploded. The biggest reason for the shift is of course the incredible high gas fees in the Ethereum network. I think yesterday I saw the announcement of 1inch that they are also adopting BSC in addition to Ethereum within its own ecosystem. This is a big move and can be signalling others to adopt BSC though not necessarily wholly rejecting Ethereum.

[asriloni]

The defi could be the side reason but there are some reasons why binance was growing so hard even when another did small increase.
1. Binance chain is having very small fees
2. There are lots of utility usage of binance coin
3. Binance was also regularly doing burn
4 You can earn so many advantage from the various platforms use BNB like cake and many more. That's why BNB was getting hyped due to the these reasons.

[amishmanish]

The BNB pump is due to the timing of CZ shilling BNB during the DeFi bullrun and the growing popularity of BSC after the hackathon. It is just benefiting from the leverage of being Binance promoted otherwise there are a lot of other alternate chains. CZ has the funds to pay for crypto twitter shills and youtube influencers. The small investors who made money in DeFi run are jumping onto BSC too.

There shouldn't be any issue as long as you cash out your positions. It is all very new and people could easily lose fortunes if they are not careful with the pumps and dumps. Additionally, BSC is completely centralized so there is that. It is essentially going to be another cash cow for Binance as nobody cares if it is centralized. Like all Chinese businesses, CZ copied everything from ETH in terms of the look to ensure that people tired of high ETH fees embrace it.

[maxreish]

Just a week before I saw how BNB move up to $196 and now continued to rise to $230. Not just that, its defi coins like cake also performed well. It's just amazing that BNB showed competitive movements and most likdly can be compared to eth when it comes to their smart contracr platforms.

After that defi partnership with Binance, those defi coins continued to rise as well as the bnb coin as it turned out that the partnership goes well with these rapid growth price increase.

[OcTradism]

BNB rose all the way to the moon becoming the third-largest cryptocurrency by market cap. It's now valued at over $230 per coin, becoming one of the most valuable smart contract platforms in the world after Ethereum. While BNB doesn't come nowhere near close as Ethereum in terms of decentralization, and censorship-resistance, it works great for "De-Fi" with its ultra-low fees and blazing-fast transaction confirmation times.

Binance and Binance Smart Chain give people alternative options, chains to move their coins, tokens with lower, much lower, very cheap transaction fees. The contribution is used to shill Binance and BNB and people have more belief in the future of Binance, BNB. Price has risen a lot because of contributions, belief and manipulation.

I'm wondering what could've lead Binance Coin towards new heights within such a short amount of time? Does the "De-Fi" hype have to do anything about this? Do you think BNB's current prices are sustainable or not? Your input will be greatly appreciated. Thanks.

DeFi hype can contribut indirectly. Binance list loads of DeFi tokens on their exchange and as classic rule for capital flow, people will move their capital from bitcoin to old altcoins, new altcoins and DeFi tokens. When they get big profit from DeFi tokens, they are more flexible to accept high price from other assets exclusively BNB.

[ichsan ardi]

BNB rose all the way to the moon becoming the third-largest cryptocurrency by market cap. It's now valued at over $230 per coin, becoming one of the most valuable smart contract platforms in the world after Ethereum. While BNB doesn't come nowhere near close as Ethereum in terms of decentralization, and censorship-resistance, it works great for "De-Fi" with its ultra-low fees and blazing-fast transaction confirmation times.

I'm wondering what could've lead Binance Coin towards new heights within such a short amount of time? Does the "De-Fi" hype have to do anything about this? Do you think BNB's current prices are sustainable or not? Your input will be greatly appreciated. Thanks.

One of the things that has brought binance coins so far is that there is a lot of interest from all coins wanting to enter the Binance exchange, because they are the number 1 largest exchange at the moment. everything will continue

[Flor1982]

I'm wondering what could've lead Binance Coin towards new heights within such a short amount of time? Does the "De-Fi" hype have to do anything about this? Do you think BNB's current prices are sustainable or not? Your input will be greatly appreciated. Thanks.

Binance is the biggest crypto exchange, making up 30% of the entire crypto industry volume. They regularly burn 2% of all BNB tokens every three months, which is very good for token velocity. They know how to do marketing. Their fan base is solid, and their CEO is a prominent and well-liked figure. All this helps the price of BNB increase.