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Will BNB overtake the hype of ETH?

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karinxxl
@karinxxl
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2 min read

Ethereum token has been performing extremely well over the last couple of months and is back in their popularity. Surviving crypto-kitties embarrasments, network digestion and gas fees through the roof, the found themselves back it seemed last year, and De-Fi was the reason.

But are they about to be overtaken by BNB (Binance Token) in this case since BNB has opened their staking programms, the price of their token is absolutely through the roof!

This spike from last over the last week is a consistent and a big one. Coming from around 0.00139 BTC per token to an astonishing 0.0005053 right about now per token is something that the system must have noticed.

I guess the reasons are with the obvious. Staking and DeFi are booming but up until now filling the liquidity pools with ETH in there was honestly medium attractive. I have always found the user friendlyness of ETH something that is lacking. If you want something for the masses, you have to make it as easy as possible.

Binance has this. Although the whole world forgets that this is and exchance and not your keys, not your money doesnt apply to the staking part as it interacts with other wallets. That is interesting and something to look into. We must admit that Binance is very user friendly and a great step for the masses to step into these kinds of processes of staking and rewards.

So it feels like a lot of BNB is locked in at the moment by the DeFi squad and that is driving up the price. I could be wrong about this, but it feels like that is reason why the price of BNB is surging so much.

Up until what point this will go? Who knows? And will the ETH squad leave their pools and shift over to the BNB squad to do the same trick but without the fees. Again, who knows...but it is a damn nice wake up call that hypes are going on, and that their is money to be made in projects.

Deceide for yourself where this is. This is all not financial advice. This is my opinions and ventilation about topics, and that doesn't even have to be correct and right information. It is an opinion. Do you own research!

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