Binance Coin (BNB) Soaring At Breakneck Pace, But A Potential Price Crash Could Be Looming

Binance Coin (BNB) Soaring At Breakneck Pace, But A Potential Price Crash Could Be Looming
фото показано с : zycrypto.com

2021-4-14 23:17

Binance Coin (BNB), the Binance exchange native token that also drives the Binance Smart Chain, has reached a new high lately. At the moment, BSC is Ethereum’s only competitor among DeFi ventures, with fees that are significantly lower than that of ETH.

In reality, BNB has been the hottest cryptocurrency in 2021 so far. As a result of Ethereum’s high gas fees and sluggish transaction execution, other less decentralized but nevertheless quicker as well as cheaper blockchains, including the likes of Binance Smart Chain (BSC), gained some much-needed traction. 

BNB could overtake ETH 

Trading volumes on crypto exchanges have risen in recent months as interest in cryptocurrency, in general, has grown, resulting in increased income via trading fees for various crypto exchanges. If this incredible growth rate persists, then BNB has a strong chance of overtaking ETH in terms of market capitalization and replacing it as the second biggest cryptocurrency right behind the current leader, Bitcoin.

Binance’s initial coin offering (ICO) took place in 2017, and BNB was trading at about $1. Just a few months ago, the price had been approximately $50. It has now experienced a growth rate of over 1,000% in a relatively short amount of time.

The BNB rally has been accelerating at a breakneck pace, with BNB breaking through the $400 barrier on April 6th. BNB has also already surpassed 35% of Ethereum’s market share, implying that the token will need to more than triple in value to overtake its main rival.

BNBUSD Chart By TradingView Not Everyone Is Sold On Binance

Because of its low fees, Binance Smart Chain has emerged as a viable Ethereum substitute in the last month, with apps like PancakeSwap challenging Uniswap, the leading DEX.

Messari’s Ryan Watkins, on the other hand, recently took to Twitter to express his dissatisfaction with BSC’s centralization. According to him, the main reason why BSC is quicker and more scalable is not due to any miraculous technical advancement. Instead, he insists it’s the power of centralization. 

Binance has enormous scope and power, which it has used to bring in new users into its ecosystem. Binance executes on a regular basis, and that is why BNB is thriving according to most analysts. Still, a crash could occur as is so often the case with cryptocurrencies, and so investors should proceed with caution in a time of such volatility.

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Binance Coin (BNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $562.5
Капитализация $0 Rank 99999
Цена в час новости $ 571.35 (-100%)

binance coin bnb only competitor among lately

Источник: zycrypto.com

binance coin → Результатов: 126


Фото:

Binance Coin за сутки вырос более чем на 8%

Цифровая валюта Binance Coin (BNB) за последние 24 часа выросла на 8,5%. Инвесторы стали возвращаться в этот актив после улучшения позиций крупнейшей криптовалютной биржи Binance. Она начала согласовывать режим регулирования своей деятельности в нескольких юрисдикциях.

2023-11-21 15:01


Binance Coin упал до минимума с июня 2022 года

Binance Coin (BNB) теряет в стоимости на протяжении последних нескольких месяцев. Судебные иски против биржи Binance и ее основателя Чанпэна Чжао сильно подорвали привлекательность цифровой валюты.

2023-8-23 00:08


Binance Coin подешевел за неделю более чем на 25%

За минувшие сутки Binance Coin (BNB) укрепился примерно на 8% до $248. Тем не менее с 5 про 12 июня стоимость криптовалюты упала более чем на 25%. Основной причиной такого обвала стал судебный процесс против Binance Holding Ltd, запущенный Комиссией по ценным бумагам и биржам (SEC).

2023-6-17 12:11


Binance Coin подешевел за неделю более чем на 25%

За минувшие сутки Binance Coin (BNB) укрепился примерно на 8% до $248. Тем не менее с 5 про 12 июня стоимость криптовалюты упала более чем на 25%. Основной причиной такого обвала стал судебный процесс против Binance Holding Ltd, запущенный Комиссией по ценным бумагам и биржам (SEC).

2023-6-14 16:17


Технические индикаторы указывают на скорый рост Binance Coin

Курс Binance Coin (BNB) игнорирует судебный иск CFTC против криптобиржи Binance и пытается нащупать поддержку, чтобы запустить мощное ралли. Binance решили засудить 27 марта стало известно, что крупнейшая в мире криптовалютная биржа Binance Holdings Ltd.

2023-3-31 18:56


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