You used to ignore BNB at $5, but now you can’t afford BNB at $700
How did BNB rise?
At that time, all exchanges issued tokens to reduce exchange fees. Since everyone was issuing coins to reap the profits, why didn’t exchanges issue their own coins to reap the profits? So Binance also issued coins at a price of $0.5.
BNB was listed at the end of the bull market in 2017, so the bear market came soon after. It rose for a while and then fell back, bottoming out at $4.
After the major reshuffle of cryptocurrency exchanges on September 4, 2017, AnAn, Huobi, and OK successfully stood out. Among them, AnAn is the safest overseas and is the easiest to cause trouble.
The public chain craze started after 2018, and BNB developed its own public chain. At that time, you could buy BNB to access the public chain, but the trading experience was extremely poor, the depth was insufficient, and it was not connected to its own exchange. It can be understood that the An An Exchange is the A-share exchange, and the BNB public chain is the Beijing Stock Exchange, so it was left unfinished.
Later, BNB began to copy the ETH public chain and control its own nodes, and began to be called "stand-alone coin". At that time, everyone was still playing with decentralization and had an obsession with decentralization. No one liked to play with stand-alone coins.
In 2020, DEFI became popular, and Uniswap and a number of defi projects came out. An An saw the business opportunity and began to support BNB. Since ETH transaction fees were extremely high, the transaction fees of BNB, which was a copycat of ETH, were extremely cheap, and hot money gradually shifted from ETH to BNB.
In addition, the coins on BNB also began to be connected with the AnAn Exchange, and the value of BNB took off directly. From then on, it rose from 5 US dollars to 600 US dollars.
Coupled with various support provided by exchanges, including listing, mining, IEO, destruction, etc., BNB has gradually been accepted by the market and has become a 100-fold coin.
Recently, due to the mess that CZ got into, An An needs to continue to make things happen. An An's Lauchpool has restarted mining with BNB. With An An's position in global exchanges, the coins listed are all popular coins, allowing people who hold BNB to obtain very high holding returns. BNB has risen from US$300 to US$700, and its market value has exceeded 100 billion, becoming the world's fourth largest cryptocurrency.
Will BNB surpass ETH in the future?
I don't think so, ETH is more open!
Which one is better, SOL or BNB? Which one should I buy? Buy whichever one you like, just like whether you like Japanese and Korean girls or European and American girls. But I prefer ETH.
Data from the Internet
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