Quote from: Abiky on July 02, 2023, 04:55:47 PM

Quote from: Xal0lex on June 30, 2023, 05:57:45 PM

BNB is unlikely to fall below $200, unless there will be some serious events with Binance, which will contribute to the decrease in the rate and prosecution of the exchange by the regulators. In my opinion, such events are unlikely. Right now the price is not so high to invest in the long term. I think in 2-3 years, the price of BNB may reach $1,000 and bring a few hundred percent return from the current marks.

Maybe. It all depends on BNB's level of mainsteam adoption and Binance's ability to remain resilient under regulators' pressure. If there's no excitement for the cryptocurrency, prices will continue to fall all the way down the drain. I think BNB won't go below "the triple digits", simply because Binance is constantly burning the coin supply. This should make BNB deflationary in the long run.

The blockchain platform underpinning BNB (known as BSC) is similar to Ethereum, so it has a huge advantage over its competitors (especially Solana and Cardano). That's because Solidity (through EVM) has a lot of support in the crypto/Blockchain space. Smart contract platforms with their own VM and programming language built from scratch (Solana, Cardano, Sui, etc.) are not so lucky. The only downside of BNB is the utter-centralization existent within its own blockchain network. Other than that, it's the perfect contender of ETH. Who knows if someday BNB goes all the way to $1k? Just my thoughts Grin

I can also add that BSC has a very high deployment rate of all sorts of scam tokens. I don't know, maybe they already managed to overtake Ethereum blockchain in this indicator. For example, Polygon has lower commissions and lower percentage of scam projects. Unfortunately, Polygon does not have such a powerful promotion platform, which BSC has. Also I strongly support the comment about centralization, BSC network is very dependent on regulators and CZ itself.