To properly indulge in this discussion, it is best to spell out some key points about the subject matter (Binance Coin) first, to bring everyone up to speed.
- BNB was created by Binance in July 2017.
- BNB started at price level of approximately $37 this year 2021.
- BNB now has a market cap of $50billion making it the third digital currency in the world to do so.
- BNB is now the third most valuable coin in the world and is predicted to topple Ethereum soon.
- In the last 13 weeks, BNB has recorded over 800% increment and has recorded a new ATH of 400$.
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Questions for discussion:
(a) To invest in BNB, is it a good long term investment strategy?
(b) Explain the reason you think BNB may or may not be able to sustain
it's position as the third most valuable coin currently?
(c) Will you trade all your Ethereum for BNB?
(d) Is there a possibility that BNB will topple ETH soon as the second
most valuable coin?
I had no doubt for the performance of what BNB doing now in the market, where most of the new projects are now getting used the platform BNB and most of often BSC, but it doesn't mean BNB can the place of ETH, they may have both facing the issue problems, and I know both BNB and ETH can resolve it, I am pretty sure about that things. So, for me both are still good trade in any of the exchange platform at the moment.