NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

BNB Soars Above $600, is an Ethereum Flippening on The Cards?

Samuel Wan
Samuel Wan
4 years ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

April has seen a stellar run from BNB, growing 86% in less than two weeks and hitting an all-time high today. Over the same period, its market cap has near doubled from $49bn to $96bn.

While this is still just over a third of Ethereum’s market cap, a stalling ETH 2.0 rollout schedule has observers wondering if a flippening is on the cards.

BNB daily chart

Source: BNBUSD on TradingView.com

BNB Benefits From Demand For Cheap DeFi

Whichever metric you use to analyze Binance, whether that’s the number of markets, trading volume, weekly visits, etc., there’s no doubt it’s a significant player in the crypto industry.

Analysts have looked at the reasons for Binance’s success. They highlight its community program, referral scheme, low fees, choice of tokens, and high (crypto) verification-less withdrawal limits. A seldom mentioned factor is also the company’s willingness to branch out into areas other than spot trading.

“Even though there were already more than 100 crypto exchanges when Binance was launched, it managed to take leadership, and really has become one of the most frequently-used platforms for traders.”

The launch of Binance Smart Chain (BSC) in September 2020 was its stab at DeFi. Since rolling out, the total value locked (TVL) in BSC has surged to $31.3bn. And there appears no sign of slowing down. Two weeks into this month, TVL has already increased by $11bn or +65%.

BSC’s main selling points are that it’s a faster and cheaper alternative to Ethereum. With BNB needed to pay BSC gas fees, BNB holders are beginning to reap the rewards.

Researcher Roberto Talamas attributes BSC’s rising popularity with high fees on Ethereum and the development of “white-hot” markets on the platform, particularly, PancakeSwap. All of these factors combine to foster the ideal conditions for BNB to soar to new heights.

Decentralization is Not The Priority For Users

Although blockchain sells itself on the idea of decentralization, Binance products do not offer this. For that reason, purists and Ethereum maxis would argue that both BNB and BSC are poor interpretations of crypto and DeFi.

As mentioned by @TheCryptoLark, BNB’s success shows that users value low fees over decentralization and are voting with their feet accordingly.

“Users are choosing with their feet right now. Low fees trumps decentralization for many users.“

Back in February, Binance CEO Changpeng Zhao could sense the shifting sentiment. He said BSC has twice the number of transactions than Ethereum and called on developers to jump ship to up their user count.

“there are almost 2x more transactions on #BSC than on ETH. If you want more users for your Dapp, you need to be on #BSC now.”

BNB’s rising fortunes present a serious threat to Ethereum. And with Cardano’s Alonzo protocol scheduled to roll out in August, the threat will only intensify as the year goes on.

Tweet123Share196ShareSend
Samuel Wan
Samuel Wan

Samuel Wan

Samuel Wan is passionate about different cultures and eating good food. He has years of experience working in business and finance — a burgeoning interest in Bitcoin and cryptocurrencies since 2017. UK based.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

World Liberty Financial

Hedge Funds Eye $100M BNB Treasury: Binance Coin’s Big Break?

A recent report by Bloomberg has revealed that a group of former executives from Coral Capital Holdings, including notable figures...

Ronaldo Marquez 2 weeks ago
BNB

The BNB Paradox: Bearish Breakdown Meets Bullish Flag, Which Will Prevail?

BNB finds itself at a pivotal crossroads where conflicting signals collide — a bearish breakdown challenging key support levels, yet...

Godspower Owie 2 weeks ago
Solana, Aptos, memecoin, Avalanche, BNB

BNB Price Breakout Could Trigger ATH Rally Repeat – Is $730 The Next Stop?

Amid the market performance, BNB is attempting to reclaim the $650 level. Some analysts believe that a breakout toward the...

Rubmar Garcia 3 weeks ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

BNB Price Gears Up for Upside Break

BNB Price Gears Up for Upside Break — Will Bulls Deliver?

Aayush Jindal 5 days ago
World Liberty Financial

World Liberty Financial Eyes BNB Ecosystem For USD1 Stablecoin Expansion

Ronaldo Marquez 1 week ago
BNB Price Gathers Strength

BNB Price Gathers Strength — Upside Potential Looms

Aayush Jindal 2 weeks ago

Premium Sponsors

Press Releases

  • アルトコイン急騰の今買うべき仮想通貨プレセール

    ...

    8 hours ago
  • 仮想通貨おすすめ|強気市場で爆発的成長が見込まれる注目のミームトークン

    ...

    8 hours ago
  • BTC最高値更新の中で注目される新たなレイヤー2プロジェクトが狙う仮想通貨1000倍の可能性

    ...

    8 hours ago
  • ビットコインが11万8,000ドルの最高値を記録する中で注目すべき仮想通貨プレセール

    ...

    1 day ago
  • 仮想通貨 おすすめ|急騰するDogwifhatとFartcoin、注目の低価格ミームコインとは?

    仮想通貨...

    1 day ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.