New Record of BNB coin 184$ | There are almost 2x more transactions on BSC than on ETH.
Not only bitcoin but also other crypto making new records. Many coins pumped hard in this week. BNB now trading at 184$ which is highest. So why BNB performing very well? There are many reasons behind it.
First reason is BNB is the token of binance which is very popular exchange and BNB used as a trade fees. Second reason is Increased use of Binance chain.
CZ tweeted about the stats and according to that stats there are almost 2x more transactions on BSC than on ETH. You can check it below (source is http://www.bscscan.com) :
Many DEX using BNB as well as If you want to do transaction on BSC then you have to pay fees in BNB coin which is low but still it is pushing the price.
BNB given profit more 4x within 20 days which is high return for traders. If you followed market then you know that whenever the bitcoin had pumped, altcoins was started bleeding.
But the scenario is changing now. Now most of the altcoins pumping with bitcoin. Well, Binance smart chain day by day getting more popularity and new crypto projects choosing BSC.
BSC giving tough competition to ethereum. Anyway, Elon musk is the fan of bitcoin which is good thing for whole crypto community as well as 2 days ago android authority announced to provide inbuilt crypto wallets in samsung pay and google pay that can bring massive new users in crypto space.
Anyway, According Defistation data, the enitire value locked on the binance smart chain is more than 20% in the last twenty for hours & now stands at about $8 billion. This figure puts binance smart chain’s total value locked at about a fifth of Ethereum’s DeFi scene.
So CZ proves that if you provide better service and trust then you canreach new heights within few time.
Image source
Binance is gaining more and more strength, and this is a very good idea to boost the currency by using it as part of the payments and expenses of its users.
very well said. They are launching different products which is also reason behind the growth.
hi dear @luckyali
I did not know that binance will handle its own currency, it is very logical to think that the more people use that exchange, the more their native currency will be worth.
greetings
ya that is true. :)
Greetings
It is truly amazing to see how the BNB tokens have increased in price in the last couple of weeks. I also believe that the SafePal launch pool in which people got back x20 their original BNB investment in Dollar also made sure that big bucks were spent on buying even more Binance tokens!
Anyway, now BNB is the fourth largest token in market cap, and I am curious to see how far it will go from here!
Thank you providing information about SafePal launch pool.
I forget to mention it in the post thanks for adding it.
Man, BNB keeps on pumping. But to be honest (as I just mentioned in an article I published here in Project Hope), considering that it actually does much of what Ethereum does, it doesn't feel unrealistic that the price is pumping. Faster, way lower fees, staking chances, and so much more... A great gem! :)
yes that's what i am feeling man. hatsoff to CZ for providing useful and better services... BNB deserve pump...
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Wow @luckyali
That's awesome, yesterday just yesterday you made this post, and the price of BNB was $184, today it's above $220, it's great, but I don't know how long it will stay with that price escalation. Let's hope it goes on and on, I think with the Binance Smart Chain it's getting a lot more utility and at the same time, value.
I think BNB's great services are responsible and usecases for this great moves. Also binance smart chain getting more popularity like erc20.
Are you already holding BNB?
I think one of the factors that is driving the price of many coins is how cheap their transactions are, BTC withdrawal fees are insane, very expensive, so many small investors are opting to use coins like BNB or dogecoins.
Absolutely true. I Never transferred btc and usdt because of fees. This type of coin really helpful for everyone