This meteoric rise has prompted some to suggest BNB could overtake Ethereum. Currently, the standings make this seem unrealistic, with Ethereum (ETH) sitting in second place to BNB in seventh. Yet, momentum is clearly in
On the other hand, Ethereum has seen a huge fall in investment and usage of their coin. On March 6th, According to reports, fundraising has plummeted by almost 95% for Ethereum. TokenGazer data analysis said that in February of this year, Ethereum ICO raised a very low amount of funds, even less than 100 million US dollars, and the historical low was directly pointed to the currency of the Launchpad.
“In the future, the LaunchPad and the currency will be given priority to the projects released on the currency chain.”
However, perhaps Ethereum may not be surpassed as BNB is a finance coin not a base token like Ethereum, in all fairness, it would seem highly unlikely that Ethereum would be overtaken any time soon. Yet, what is clear that the pendulum is swinging in the right direction for Binance and its BNB.
Changpeng, has fueled talk of a switch towards a more Ethereum like currency stating in a live broadcast on February 7th:
“We hope that the currency will become an infrastructure builder. We hope that the company can build its own infrastructure or invest in other projects that build infrastructure. If we compare the real world, we want to be a roadbuilder so that others can Building high-rise buildings in the city.”
BNB may not have the capability to surpass ETH now, but perhaps in the future with the right planning it could happen. It certainly has momentum on its side.