Nobody can replace Bitcoins at this time. If you want to replace something that already exists. He should have been better and more perfect than before.
Bitcoin is now still a crypto king. BNB also now suffered a very bad decline and caused harm to investors. BNB also climbed when their project was used to buy IEO. BNB Price now only $16
Yes, i agree with you after the IEO trend on the exchange has declined, and the price of BNB has declined, and now we can' t foresee the future of BNB.
The IEO is still ongoing, the reason by BNB has declined is because of BTC's poor performance.
We can't judge that IEO has decline due to BNB's drop of price because there are still a lot of exchanges that are facilitating an IEO.
Actually this is just normal to the market, at this stage where BTC has slowly losing value, investors are also wary of investing as they might think btc will drop further and their investments in IEO will be affected.
maybe they can just cooling off, but as soon as they see that market starts to recover again, they will start to be investing aggressively again.