Yeah, BNB and ETH are pretty much substitutes at this point.
When ETH fees increase there will likely be a flood of people going over to the BNB network to do their transactions.
That then pushes fees up.
Hopefully both chains will come up with a scalability solution soon though.
The network needs a boost to process those flooded request, like what happened to ERC chain when there's a massive request the price of fees are increasing, for now the amount for BNB is still tolerable but if BNB skyrocket to where ETH is currently residing, it will be felt by traders and investors, especially those small time traders.
Maybe people already got that bnb team has confidence enough to give it a successful future. that's why most of erc20 tokens available themselfs on bsc blockchain & having their bep20 version too.even i always choice bsc blockchain Between those. that's why transactions are increasing incredibly on bsc blockchain & thats become reason of increasing fee but i still think bnb fee is normal as usual & will be stay friend in future
Very possible, CZ understands what's the problem with ERC and he will avoid that to happen with BSC, we might see more updates in regard to scaling and if how BSC will push forward not to have the same concern with ERC. The competition really showing good sign since not just these two coins but also other are performing well.
For now, we should enjoy the benefits coming from projects that being introduced using BSC, it's far cheaper and yet
good deal to invest your money, don't forget to DYOR for a safer investment.