BNB rose all the way to the moon becoming the third-largest cryptocurrency by market cap. It's now valued at over $230 per coin, becoming one of the most valuable smart contract platforms in the world after Ethereum. While BNB doesn't come nowhere near close as Ethereum in terms of decentralization, and censorship-resistance, it works great for "De-Fi" with its ultra-low fees and blazing-fast transaction confirmation times.
I'm wondering what could've lead Binance Coin towards new heights within such a short amount of time? Does the "De-Fi" hype have to do anything about this? Do you think BNB's current prices are sustainable or not? Your input will be greatly appreciated. Thanks.
It's interesting because I saw Binance getting more interesting when eth gas fee went crazy...I'm wondering what could've lead Binance Coin towards new heights within such a short amount of time? Does the "De-Fi" hype have to do anything about this? Do you think BNB's current prices are sustainable or not? Your input will be greatly appreciated. Thanks.
it is impossible for the transaction to stop just because the gas transaction fee is very high, although it can be said that the Binance Smart Chain is a 'copy-paste' but very helpful Defi developer. the most annoying thing about eth is only the gas fee, if it is not resolved quickly, the more people move to the bsc and the price of binance coins is getting higher.
Yeah I think it was basically that, the high cost of gas fee with Ethereum and as any smart business person would, CZ took advantage of that and ran with it also how many people would naturally not want a cheaper fee or fast transactions? Crypto business is making money Business and people or investors will switch in a heart beat if for any reason they have to which we have notice some projects did switching to Binance Chain and that would definitely affect the price of BNB.