Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Binance Smart Chain + Ecosystem => Binance Coin (BNB) => Topic started by: sirty143 on June 16, 2019, 08:11:57 AM
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Binance Coin is currently making the headlines after the top 10 crypto coin broke a record to post a cool $5 billion total market cap. However, this isn’t the fight time BNB is breaking records. The crypto is already at its ATH price-wise. BNB has been on the rise for the better part of the year.
https://twitter.com/Dr_Yilmaz_PhD/status/1138977073568067586
A $500+ Type Of Coin That Could Overtake ETH?
According to a Twitter user responding to CZ’s tweet, Binance Coin is indeed a coin capable of rising to beyond $500 in value. As a matter of fact, the crypto has demonstrated a lot of potential in terms of price action over the last few months. Binance Coin was still rising even when most of the other cryptocurrencies were braving a bear assault during the crypto winter.
The commenter went on to opine that BNB has the potential to surpass Ethereum (ETH) one day. Although ETH is still a strong coin, BNB’s recent price action, as well as its exponential growth in market cap, puts the cryptos above it in the sights. If the current bullish trend continues, there’s no telling just how high and how fast it could reach.
How About $40 Billion?
DR.’s tweet didn’t stop at just the announcement of the $5 billion market cap. The user went on to entertain the prospect of BNB soon reaching $40 billion. That’s a whole 8-fold growth from the current $5 billion. In his view, DR. thinks that the crypto could reach that target, albeit slowly but surely. That notion could be true – if Binance Coin’s historical trend is anything to go by.
Source: ZyCrypto (https://zycrypto.com/binance-coin-bnb-crosses-5-billion-market-valuation/)
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I think 5,000,000,000 USD in the form of Binance coins cannot yet be able to defeat EThereum because EThereum is still far away in the 25,000,000,000 USD marketcap for circulation of its trading power.
So, this Coin Binance has not been able to overtake Ethereum or cannot compete with Ethereum for now because of almost 5x the difference.
I have checked all this information on famous websites such as cryptocompare, coinmarketcap and coingecko.
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If you pass this number, it is certain that Binance is in great demand by the general public in the cryptocurrency world.
Then I saw that this increase had an impact on the price of the Binance coin and experienced a very drastic increase.
I thought Binance would have a price for 1 coin of up to 30 USD because currently Binance coin price is around 20 USD in various markets.
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Big and high progress from Binance.
Binance is very fast in increasing these prices and this proves that Binance is indeed worthy of being in the top 5 on Coinmarketcap.
Just look at the price of Binance continuing to rise and slowly increasing its market capacity for various exchanges.
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If I look at the contents of this thread it is to tell the advantages of Binance.
Then Binance is also thought to be able to overtake the market from Ethereum.
Nor do I fully blame this thread because the evidence is that up to now the market for Binance has not been able to beat the market capacity of Ethereum. Hmmmmmmm