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.
Well, price got to around $330+ and it's now on correction. I am cocksure it will spring back and surpass its initial ATH before the end of this first quarters. Also, remember that the surge in BNB price is due to the rush for the Binance Smart Contract as projects have started moving away from the ETH contract. It's going to get even better with time. I expect BNB price to even topple ETH in months to come.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.