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Author Topic: BNB will remain valuable for a long time  (Read 2213 times)
wiss19
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April 15, 2021, 06:53:21 AM
 #61

While BNB appeals to the wider crypto users because the binance smartchain currently seem to have overcome the biggest issue that most cryptocurrency users have with bitcoin ethereum and the ERC 20 blockchain tokens. This problem is the speed of transaction and and the cost of transactions.
This is a problem  that BSC currently solves, and while a lot of people might argue that BNB is not a fully decentralized coin, i think it is worth noting that a lot of users dont care much for how decentralized  a coin or token is, they just want the solutions they it offers.
This is why i think BNB an the BSC will remain very valuable in years to come
You just said the truth about majority of the crypto users, they really don’t care about the decentralization, they just care about whether it’s going to suit their needs for transactions and whatsoever else they want, as long as it is a solution for them they are definitely going for it and they are not looking back when they start making use of it.

So, as to whether the BNB is going to keep growing, that is for sure, it is going to keep on adding more value everyday, because a lot of people are going to be investing in it and nothing else. And with the situation of bitcoin and Ethereum now, a lot of people will going for BNB.

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April 15, 2021, 06:58:21 AM
 #62

How in the world is bnb going up by this much of a percentage every few days and weekly?
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April 15, 2021, 07:42:50 AM
 #63

that's how great Binance is able to see opportunities and make it an advantage by easing other people's problems, they almost every year continue to innovate to create something that is much better than before, so it's not wrong that currently Binance is ranked 3 cmc. it's not impossible that ETH's position can be shifted in the future.

It is possible that Ethereum will shift by itself if the BNB continues to be developed and offers various solutions to its holders, I have no doubt about the innovations that BNB has achieved every year so that many investors are looking at the development of BNB.

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April 15, 2021, 07:52:03 AM
 #64

How in the world is bnb going up by this much of a percentage every few days and weekly?
BNB is going up so much due to various reasons and if you are spending at least a few minutes in your life to read some posts that already posted above you and that's more than enough to give you the reason why BNB is surging a lot since a few months ago.
The fundamental of binance coin has become the main factor why people have been rushing to buy BNB.

I think this is still happening until bitcoin will be facing the big down trend to create another bearish trend agian.

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April 15, 2021, 07:53:25 AM
 #65

There was a massive retrace today but only after new all time highs. I really do think that BNB brings some revolutionary solutions tho. Hopefully it'll remain as is and Binance will continue working on improving decentralization. This is really key to success.
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April 15, 2021, 08:26:10 AM
 #66

While BNB appeals to the wider crypto users because the binance smartchain currently seem to have overcome the biggest issue that most cryptocurrency users have with bitcoin ethereum and the ERC 20 blockchain tokens. This problem is the speed of transaction and and the cost of transactions.
This is a problem  that BSC currently solves, and while a lot of people might argue that BNB is not a fully decentralized coin, i think it is worth noting that a lot of users dont care much for how decentralized  a coin or token is, they just want the solutions they it offers.
This is why i think BNB an the BSC will remain very valuable in years to come
I agree. BNB and BSC have resolved the problems from the ERC. sending BSC tokens is so fast and cheap, that currently, many ERC-based projects have switched to BSC. this increases BNB adoption rapidly and increases the value of BNB.

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April 15, 2021, 08:36:56 AM
 #67

According to the latest announcement, Binance will list the Coinbase Stock Token on their platform.

It should be noted, however, that the Coinbase Stock Tokens will not be available to all. Users living in China, Turkey, the United States, and other restricted jurisdictions will be unable to trade COIN.

Well.. I have to say that this is strange. Binance is one of the competitors for Coinbase. So I wasn't really expecting Binance to list the Coinbase stock on their platform. But then, Binance allows stablecoins such as USDT and USDC, which can be considered as competitors to their own stablecoin (BUSD). So at least we can say that this is not something that is out of the blue. In the meantime everyone is patiently waiting for the COIN listing on NASDAQ. One of the biggest events in the history of cryptocurrency to this date.

It's all about the money.
I'm sure the CZ has no reservations about listing a rival project if it sees the potential for additional revenues. Take, for example, ETH, which is the key rival to his BNB network, and he still keeps market trading pairs in relation to ETH.
It's a good business for Binance as long as the users are happy.

R


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April 15, 2021, 08:53:07 AM
 #68

I do agree BNB has won the battle. Quality, speed, and low fees are three sought-after metrics by crypto investors. When ETH and other leaders in the space have their strong foundations, more people switch to BSC as an effective and cheaper solution to save the extra fees involved in using ethereum or bitcoin transactions. BSC will consolidate Binance's life span, making it even more powerful. I think Projects like Venus, PancakeBunny, and the upcoming Mocktail are all BSC/BNB power boosters.

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April 15, 2021, 09:09:12 AM
 #69

i think it is worth noting that a lot of users dont care much for how decentralized  a coin or token is, they just want the solutions they it offers.
I'm one of the few who don't give a hoot about the decentralized appellation of the ETH ERC. What does it benefit a trader if a coin is decentralized and then expensive to transact with? Nothing, definitely! I have learnt to buy only BSC compliant tokens on DApps because there isn't any stress buying with that and fees are almost like nothing. This latest development, no doubt, is what has further propelled BNB to the surge it's witnessing now. This patronage for BNB won't albeit anytime soon, except the exploitation in ETH on gas fee subsides.

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April 15, 2021, 09:22:14 AM
 #70

BNB popularity increasing day by day for BSC Network  
And it just beginning.

In coming future bnb go 2k easily

Because price increase its demand and we all know bnb demand how much for bsc Blockchain.  
 
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April 15, 2021, 09:50:51 AM
 #71

As long as these fee's on Ethereum network are not being given a solution, more and more project will be joining the BSC Network. Furthermore, luckily for Ethereum users, ETH2.0 is coming fast and nearly be accomplishing what they should've done before. Between the two, it is no doubt that the competition is great and fun to watch.
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April 15, 2021, 10:07:48 AM
 #72

For me, in as much as I would want to agree with the op, I still honestly think that bnb remaining valueable for a very long time is if Ethereum high fees issues is not fixed, we all know that this was the major reason why bnb skyrocketed in the first place, when traders could no longer coup with the high fees on Ethereum network, most switched to binance chain and projects started moving to binance chain too, and this is why bnb skyrocketed, I still honestly think That if for instance, Ethereum developers manages to solve the high fees issues, BNB might find it difficult to move higher from where it is currently as many will still abandon binance chain to come back to Ethereum.

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April 15, 2021, 10:15:54 AM
 #73

Fellow Binancians,
Binance will list the Coinbase Stock Token (COIN) following Coinbase’s official listing on NASDAQ. We will post a further announcement when the COIN/BUSD trading pair is open on Binance. Users will be able to trade fractional Coinbase stock on the Binance website.

It should be noted, however, that the Coinbase Stock Tokens will not be available to all. Users living in China, Turkey, the United States, and other restricted jurisdictions will be unable to trade COIN.
[/quote]

This will be big but I wonder just how big. It's a historic event for sure and maybe we should wait for price to settle before going in. $300 seems like a good buy if we sort of wait for the dip I guess? Won't mind holding some if BNB is worth more than it, surely COIN will be a little higher in value overall? Seems my jurisdiction allows as I can see it on Binance.

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April 15, 2021, 10:20:04 AM
 #74

BNB is here to be a solution for several coins that have very high transfer fees, and some coins already have more than 2 networks, including using the etherium network and the Binance Smart Chain network. I really believe the price of BNB will continue to increase from time to time.

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April 15, 2021, 11:00:06 AM
 #75

For me, in as much as I would want to agree with the op, I still honestly think that bnb remaining valueable for a very long time is if Ethereum high fees issues is not fixed, we all know that this was the major reason why bnb skyrocketed in the first place, when traders could no longer coup with the high fees on Ethereum network, most switched to binance chain and projects started moving to binance chain too, and this is why bnb skyrocketed, I still honestly think That if for instance, Ethereum developers manages to solve the high fees issues, BNB might find it difficult to move higher from where it is currently as many will still abandon binance chain to come back to Ethereum.
So we should speculate on Ethereum and not on BNB though. Because the problem is on the ETH right now and the one the benefits is obviously BNB. So as long as Ethereum can't solved the problems it has with high gas fees, more and more projects will move to BNB. So the ball is on ETH, they better be on schedule to release their next iteration that will solved the problem.

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molsewid
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April 15, 2021, 11:15:03 AM
 #76

The projects are already shifting to BSC chain and then there is the advertising skills of CZ and ETH is giving them the opportunity to grow because their promises of change is taking a much longer time and people are tired of giving bigger transaction charges.

We have no idea when the upgrades in ETH 2.0 will show in the network and the Binance chain is gaining traction among the developers and the support of the exchange with a huge bank roll will attract the investors as well and hence BNB will continue its ride.
There are many new rising projects that using Binance Smart Chain than ERC because BSC was much affordable than ERC. And because of this growing projects using BSC  and as long as the ERC gas fee still high we can't stop BNB become valuable and who would knows if it would takes long time, BSC will always the best option aside from ERC when it comes to blockchain. Also, in fact, Binance has a good market stand today in the market having a value of $567.
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April 15, 2021, 12:34:34 PM
 #77

For the coming year I am sure BNB will remain at the highest price, because currently the BSC network has been much in the interest of crypto users, in addition to faster transactions and low gas costs so it is very convenient to use, and many projects that have changed flatfrom ETH to BSC so that for the future bnb value is increasing.

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April 15, 2021, 12:42:24 PM
 #78

For the coming year I am sure BNB will remain at the highest price, because currently the BSC network has been much in the interest of crypto users, in addition to faster transactions and low gas costs so it is very convenient to use, and many projects that have changed flatfrom ETH to BSC so that for the future bnb value is increasing.
everyone will certainly wish the best for this market.
but like BNB will also be affected by BTC market conditions.
just pray that all this year there won't be any long corrections that happen. we have already seen some corrections happening to BTC and it impacts all altcoins including BNB.
but the current corrections can all be overcome. BTC remains strong with a minor correction and BNB is going strong at the moment.

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April 15, 2021, 06:54:52 PM
 #79

ETH is stuck at too high a cost and tokens issued on the ETH platform are not welcomed by investors.
In contrast, BNB is doing their job well, most projects on the BSC platform are successful, especially those listed on the Binance exchange.
If ETH fails to solve the problem of transaction fees they will most likely be ignored by BNB in the race.
Which is it gives away for BNB to increase its market demand and it continue to rally until now (even in the future) as the issues in regards to ETH high fees not yet resolved. Maybe I was wrong but it is possible that BNB will dethrone ETH if the situation will continue.
Currently, BNB is at $539, that was a proof that BNB is not only in hypes but the market demand pushing its price to move almost every day.
That's right, if ETH doesn't act now to solve its problems, BNB will surely overtake ETH.
BNB is doing their job very well while ETH has yet to come up with a solution.


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April 15, 2021, 08:31:07 PM
 #80

There are many new rising projects that using Binance Smart Chain than ERC because BSC was much affordable than ERC. And because of this growing projects using BSC  and as long as the ERC gas fee still high we can't stop BNB become valuable and who would knows if it would takes long time, BSC will always the best option aside from ERC when it comes to blockchain. Also, in fact, Binance has a good market stand today in the market having a value of $567.
That was the initial reason why people started to use BSC but I think it grew beyond that as well. First thing BSC got people with was the cheap amounts, you spend like 15 cents to approve a token to your metamask then you spend like 50 cents to pay for the transaction and you are done, thats really good and it is really profitable. Then slowly that changed, there were of course pancakeswap type of huge places that keep being great and all, but the reality is that we are dealing with more and more and more projects that are perfecting the ecosystem.

Right now NFT can be used to level up your APR returns in some projects, you spend their tokens to buy NFT and if you are lucky you level up real fast and if you are unlucky you level up very slow, all of these depends on the NFT you get from spending your token. These are serious technological improvements, it could be used differently as well, it is seriously mind boggling to actually think how awesome BSC became over time.

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