It is no longer news that Binance is launching their own chain on the 23rd of April, 2019. All BNB holders can convert their ERC 20 to Binance Chain and MITH has announce to be the first to migrate to Binance Chain and pumped 60% overnight. Is Binance Chain decentralized or semi-decentrilized considering that they will be in control of their chain network. With the lack of smart contract, are they really pulling any challenge to ETH? Well. If the purpose is for crowdfunding and the possibility of getting listed, BNB might receive a lot of attention. In my own opinion, Binance Team is setting the pace for other exchanges and they are doing really well.
that chain should be a centralized chain. this time people are getting a big hype caused by that but that will not be so long. People was expecting a lot with it when it gets released and there will be a U turn.
This is a speculation market
If it is a centralised even semi decentralised there will be chances huge manipulation . BNB one of the most rusted coin now it is moving away form ERC20 token . After EOS launched mainnet ethereum price decreased now another one of the most popular coin going out of ethereum smart contract definitely it will effect ethereum for soem time