Quote from: batang_bitcoin on February 25, 2021, 11:41:34 PM

Yes, because of those projects that are choosing BSC over ETH (ERC20). It's more efficient for them and have lower fees and that made BNB put into a crazy ATH.

Low fees and fast transaction confirmation times may seem to be a benefit to many projects in the crypto/Blockchain space. But the truth is, that most smart contract platforms aren't as decentralized as they claim to be. Binance Smart Chain may be superior than ETH from a technical standpoint, but it's utterly centralized. Eventually, people will face the consequences of centralization when Binance makes a decision that would affect the whole blockchain network. Most don't care about this, as long as they're able to fill their pockets with money. I believe that BNB will only go higher in price as long as the "De-Fi" hype persists in the mainstream world.

At least, ETH is on a path to reduce fees once and for all. The ETH 2.0 upgrade will make things more interesting for the project itself. What I admire about Ethereum is its decentralization. Other competing smart contract platforms fall short when it comes to providing security, reliability, and censorship-resistance. ETH is like BTC in this regard. It's truly decentralized, unrivaled, and widely adopted in the mainstream world. Binance Coin is only good as a short term investment, as it's prone to the risks of a single point of failure. Once Binance ceases operations or becomes hacked, you can kiss goodbye to Binance Smart Chain. Only ETH will be able to last forever thanks to its decentralized and censorship-resistant design.

Quote from: asriloni on February 26, 2021, 03:26:10 AM

The defi could be the side reason but there are some reasons why binance was growing so hard even when another did small increase.
1. Binance chain is having very small fees
2. There are lots of utility usage of binance coin
3. Binance was also regularly doing burn
4 You can earn so many advantage from the various platforms use BNB like cake and many more. That's why BNB was getting hyped due to the these reasons.

Yes. Binance Smart Chain has a lot of benefits that are hard to ignore in the crypto/Blockchain space. Yet, it's not a perfect solution for smart contracts. As I've said before, BSC is utterly centralized subject to the risks of a single point of failure. The project sacrifices decentralization for scalability/convenience/ease of use. The public doesn't care about decentralization, as most people conduct their trades via centralized exchanges nowadays. They only think about making money as fast as possible, without considering the risks of investing into a centralized project. It was always about decentralization/censorship-resistance in order to make crypto land a better place. Scaling to new heights will only reduce the cryptocurrency's level of decentralization in the long run.

As far as BNB is concerned, I believe it'll go higher in price within the short term. Once the hype ends, BNB could go back to the way it was. ETH is, and will always be, the "King of Smart Contracts" no matter what. Some projects are already realizing that their efforts to overcome Ethereum are in vain. They should focus on making crypto land a better place by working together with other projects in the industry. Interoperability is the way of the future for Blockchain to thrive in the mainstream world. It's not about Binance Smart Chain, or Cardano, or Polkadot, or Ethereum. But rather every single project working together to make crypto/Blockchain tech widely adopted by anyone, anywhere in the world. Once that's achieved, we'll be able to achieve true decentralization. Who knows what the future will bring as the industry grows towards new heights? Just my thoughts Grin