RE: BNB to the Moon

1 yr
LeoFinance
0 Min Read
24 words

I am shocked at the BNB performance !

Do you know why it pumped again last night ?

Cheers 🍻

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BNB seems to have pumped a lot lately over the past few weeks as more and more people use it alongside the new service being made (e.g. BNB blockchains, support for new projects, NFTs). Also, BNB is approaching its maximum supply quite soon (you can check here), meaning that BNB will only continue to push up.

That is my guess for what happened to BNB, hope it helps!

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2

Thanks for this very insightful comment ! I did not know about the Max supply being so close !

Crypto seems to have forgotten the decentralized nature though.

Is there anything planned to make BSC and BNB more decentralized ?

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1

I have not heard anything about BSC or BNB being more decentralised, and it does not look like there is not going to be any change any time soon. However, talking about decentralised, there are lots of decentralised services (e.g. PancakeSwap, Harvest Finance and Auto Farm) which are becoming more popular, more being created over time. Although BSC or BNB will not be decentralised, many of its services are and will be, so it won't be as decentralised as ETH or other cryptocurrencies, but better than it is now.

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2

Thank you for this message. You are indeed making some very important points that I haven’t thought through.

Services and dapps might be decentralized but nevertheless CZ and Binance will have the control if they wanted to « cancel » some BNB transactions or assets.

This is a tough challenger to ETH for sure 😉

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1

I don't see too much focus on making BSC decentralized. They killer feature is being very much like Ethereum but with cheaper fees and better scaling. If HIVE or any other DPOS get their act together to make feeless DeFi more of a thing, it won't be too hard to eclipse BSC.

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Well some have done it but did not seem to have such traction (EOS for example).

But I guess in the long run they should think of decentralization because if not, ETH will just have to move to its 2.0 in order to have lower fees to be a "better" solution

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I have not been following EOS closely. They have seriously dropped the ball on many things including DeFi: https://www.coindesk.com/effect-network-abandons-eos-binance-smart-chain EOS never had a killer DAPP that is dependent on EOS. We have https://dlux.io by @disregardfiat and https://tribaldex.com None of them have strong tokenized incentives like that of Uniswap.

We do have this proposal which aim to do on HIVE what Binnace did with Ethereum:https://peakd.com/me/proposals/164

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This is a very good analogy, it makes a lot of sense, even so for now I'll stay on the winning side, that's how trading and investments are. Surely if Ethereum solves its tariff problems or any other project goes to the top, I'll be there to keep an eye on it or at least I'll try to. Greetings.

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1

Keep an eye on Cardano (ADA) as well. It is a great project. I doubt the price will increase a lot more compared to other investments because Cardano already has a hug marketcap. But as a cryptocurrency project, they are as blue chip as they come.

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Greetings dear @vlemon, in addition to breaking the last resistance zone that had marked, I am aware that it is very close to the burning of more BNB, which very possibly motivated more investors to buy them.

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