BNB surged to no. 4 (nope no. 3)

[Zed0X]

^ taken from CoinGecko within 10 mins of this posting.

The increasing number of projects on the Binance Smart Chain, the cheap transaction fees, the ease of migration from Ethereum using only one address (i.e. Metamask) all helped pushed BNB to its price today. it might even knock USDT for the third ranking.

It's also important to note that it wasn't too long ago when they did the quarterly coin burn.

edit: it temporarily past USDT for 3rd.

edit 2: there goes that man

[MrSpasybo]

This morning I was startled when I opened CoinGecko and saw BNB ranked 3rd. I thought that after yesterday's 50% increase in price, the BNB rally will slow down or there will be a correction to $175. But it's still going up 40% to $264.5 right now. Congratulations to the BNB community.

Could the congestion of Ethereum push a large number of users to Binance Smart Chain?

[jonathancool220]

Even now that BNB is ranked number 3 on Coinmarketcap, I think this is really extraordinary from the Binance coin price because it is so fast rising and difficult to control.
The speed of this increase is because I saw Changpeng Zhao's tweet on social media which he said would surprise those who have BNB coins on their exchange, namely Binance.

[trauchot]

This is as it should be, because everyone is already tired of expensive transactions on the Ethereum network and therefore more and more people and projects are switching to Binance Smart Chain, which is why BNB so quickly reached the same heights that Ethereum reached, and most importantly, this is just the beginning for BNB and for Binance Smart Chain, so in the future it is possible that BNB will overtake Ethereum, unless, of course, Ethereum developers will solve the problem with expensive transactions on the Ethereum network.

[MrSpasybo]

Even now that BNB is ranked number 3 on Coinmarketcap, I think this is really extraordinary from the Binance coin price because it is so fast rising and difficult to control.
The speed of this increase is because I saw Changpeng Zhao's tweet on social media which he said would surprise those who have BNB coins on their exchange, namely Binance.

I refer to some articles, experts say that BNB's price increase comes from the growth of DEX PanCakeSwap & Venus on Binance Smart Chain, and CZ talked about the remarkable growth of BNB compared to BTC & haunt just BNB can reach $1K in short term.
I tried searching but did not find any news about CZ's statement: "he said would surprise those who have BNB coins on their exchange, namely Binance", hope you will share info.
If PanCakeSwap want to carry out airdrop for BNB holders on Binance, that will make a great buying pressure for BNB.

[Zed0X]

To have a better idea on what caused the recent surge in BNB price, let's take a look at the DeFi ecosystem of both BSC and Ethereum.

BSC Total Value Locked (TVL):

source

Ethereum TVL:

- ETH - 7.74 Million (from 7.79 in the last 10 days)
- BTC/WBTC - 48.8K (from 52.2K in the last 10 days)
source

As you can see from those images, there was a small decline in Ethereum's DeFi TVL and we can assume that they were moved to BSC.

I wonder how much much more growth is there for BNB? $30 Billion gap is still a lot. Don't you feel bullish thinking about that?

disclaimer: images already posted in another forum

[Confero]

WOW, BNB is amazing the price increase and Coinmarketcap ranking happened so fast.  It looks like the BNB price will continue to increase, and I don't want to be left behind at this point.  BNB rating will get stronger in third place due to the increasing volume of market capitalization.

[damsix]

This BNB market cap is really increasing very fast and this is really extraordinary in achieving a coin that is very tempting to invest.
Maybe type ananti in the following year the price of this BNB can touch the price of 1000 USD because in my opinion there are a lot of advertisements from BNB.
So in my opinion, it is fitting that this BNB goes up to number 3 Coinmarketcap because Tether is overtaken by BNB's marketcap, incredible!

[jonathancool220]

hope you will share info.

Dude, that's just my "Parable" and that's every time I say to continue supporting and trading BNB on Binance.
It's clear that Changpeng Zhao on his Twitter doesn't write such words but Changpeng Zhao always supports BNB because he is the CEO.
This sub-forum is indeed global, but in my environment, this "Parable" is always spoken when we love, support or admire something and it is always expressed in our daily lives. Sorry for confusing you. Cheeerrrsss!

[lepbagong]

There has been no change since 2021; BNB [price: $ 264] can still survive in its best position, and currently, in 2024, it is still in the 4th position.





Of course, the price is precisely at this time, even though it is higher [price: $ 307], but there is a decline from the ATH [price: $ 690] he has made.Will this year's prediction achieve renewable ATH or wait for 2025? We wait patiently, but it must be remembered that BNB is good to be invested in.

[UNIVERSE]

Yes, BNB's position was indeed taken over by SOL. but that was only for a moment. Then, BNB rose again to 4th position and until now, it has not been shaken. It cannot be denied that SOL is a fairly strong competitor. However, SOL can be said to be quite cheap compared to other top coins. However, this does present various advantages that can really make Solana rise very significantly.

But, BNB still the one, in no 4.

[yohananaomi]

Yes, BNB's position was indeed taken over by SOL. but that was only for a moment. Then, BNB rose again to 4th position and until now, it has not been shaken. It cannot be denied that SOL is a fairly strong competitor. However, SOL can be said to be quite cheap compared to other top coins. However, this does present various advantages that can really make Solana rise very significantly.

But, BNB still the one, in no 4.

It seems like now they [BNB and SOL] are taking over each other from course this has a very positive side, because there is competition to give each other the best contribution, and their communities will provide encouragement, so they can perform even better. But for investment, BNB is still the target. That doesn't mean that SOL isn't also a target for investors at the moment, because the price is still relatively cheaper than BNB, so the opportunity to own it in units will be possible.
I think there will be benefits for investors with this, and it will be very profitable for them too.

[Legion]

Yes, BNB's position was indeed taken over by SOL. but that was only for a moment. Then, BNB rose again to 4th position and until now, it has not been shaken. It cannot be denied that SOL is a fairly strong competitor. However, SOL can be said to be quite cheap compared to other top coins. However, this does present various advantages that can really make Solana rise very significantly.

But, BNB still the one, in no 4.

It seems like now they [BNB and SOL] are taking over each other from course this has a very positive side, because there is competition to give each other the best contribution, and their communities will provide encouragement, so they can perform even better. But for investment, BNB is still the target. That doesn't mean that SOL isn't also a target for investors at the moment, because the price is still relatively cheaper than BNB, so the opportunity to own it in units will be possible.
I think there will be benefits for investors with this, and it will be very profitable for them too.

BNB remains the best because some time ago Solana was detected shutting down its network again, thus causing all Solana transactions to be slightly disrupted, but now that it is back online, Solana must continue to make its network stable for use because they already have many investors who have entered their platform .

[pacar_tiri]

BNB remains the best because some time ago Solana was detected shutting down its network again, thus causing all Solana transactions to be slightly disrupted, but now that it is back online, Solana must continue to make its network stable for use because they already have many investors who have entered their platform .

Solana has started to be consistent in keeping its network secure so that it is always online. This has become a natural thing for Solana because it is a newly developing project so that if there is a time when their network goes offline again it will have a bad influence. Hopefully this will not happen again next time.

You can see the condition of the Solana network here: https://status.solana.com/

[yohananaomi]

Yes, BNB's position was indeed taken over by SOL. but that was only for a moment. Then, BNB rose again to 4th position and until now, it has not been shaken. It cannot be denied that SOL is a fairly strong competitor. However, SOL can be said to be quite cheap compared to other top coins. However, this does present various advantages that can really make Solana rise very significantly.

But, BNB still the one, in no 4.

It seems like now they [BNB and SOL] are taking over each other from course this has a very positive side, because there is competition to give each other the best contribution, and their communities will provide encouragement, so they can perform even better. But for investment, BNB is still the target. That doesn't mean that SOL isn't also a target for investors at the moment, because the price is still relatively cheaper than BNB, so the opportunity to own it in units will be possible.
I think there will be benefits for investors with this, and it will be very profitable for them too.

BNB remains the best because some time ago Solana was detected shutting down its network again, thus causing all Solana transactions to be slightly disrupted, but now that it is back online, Solana must continue to make its network stable for use because they already have many investors who have entered their platform .

Agree, however, there has been proof, even though there is a problem in themselves, but able to remain able to rise from adversity and not long so that the contribution is not disturbed and this is also proof that their investors are still tough.
It seems that it is a problem sol, which continues to be repeated, but maybe we don't know what to do. Obviously, it will make trust recede, but I hope the soles can also rise, then there will be choices besides Ethereum and BNB.