While the whole market of cryptocurrency has had a solid 2019, one coin specifically has triggered up to 300 percent gains since the beginning of the year. Binance Coin (BNB), the official currency of to the world's top ranked crypto exchange by volume, has outpaced both Bitcoin and the market with its huge increases in the course of the most recent month. Given how Binance Coin has, to some degree, taken over the market surge, Is BNB the new Bitcoin?
In my own opinion, no because BNB or Binance Coin has a huge difference from bitcoin when it comes to it's price and popularity, that is why bitcoin will still remain dominant or the number one cryptocurrency in the market. But i believe that BNB has a potential to have a good value in the near future that it could catch up to other coins value like Ethereum.
BNB should be in our list too, as this has been have a real use case just like Ethereum, and CZ is one of the best FOMO people that I've known, some noticed that once he is twitting great news, the price of BNB is also climbing, and we all know that he always wanted to be on top, so for sure, he is aiming BNB to be at number one, so keep an eye on it.
If a coin tripled its value this year then it means it was undervalued last year that prompted its increase of value. But that doesn't meant it is the new bitcoin. Remember that if bitcoin closes at $12,000 this year which is still possible then it also tripled its value this year.
BNB potential is very high. And Binance is the main reason why its token is that valuable. The aggressive plan for BNB by CZ makes it even more valuable. Today BNB from being just a discount token at Binance exchange can be used for shopping, buying gift cards and for travels. And we better expect for more BNB use-case in the years to come.