However, at the time of writing, I do not think Binance is at major risk of being taken down.” I think this is a question of potential monetary penalties. CZ has the ability to present a very compelling case. “We have seen this play out with XRP, ETH and others. Walker Holmes, the cofounder and VP of MetaTope, doesn’t see the SEC posing a major risk to the future of BNB: If they found evidence, there may be penalties and restrictions on the Binance Exchange and the BNB chain ecosystem.” However, BNB does not provide users with a share of Binance’s profits, represent an investment in Binance, or provide any compensation.’ We are unsure if they can find evidence of BNB as security. “The intended usage of BNB was stated as: ‘BNB is a utility token that allows holders to pay discounted fees for trading on Binance’s exchange. While Ritchie sees the SEC’s investigation of Binance being long-lasting, he is quick to point out that it’s a utility token and not a traditional security. 1 in 5 (20%) panel members said it would be a different asset including Polygon and DeFiChain. Cardano (ADA) was the next most popular choice at 15% followed by Avalanche (AVAX) with 10%. When asked which network or asset has the best chance to overtake BSC in TVL, 55% of the panel said Solana (SOL). Which network will overtake BSC in total value locked (TVL)?īSC currently has the second highest amount of total value locked (TVL) on chain and BNB is the native asset of BSC. Binance could change parameters on the token without general consensus and they are far more likely to be a single point of failure.” While BNB is not decentralised, it still can serve a purpose for fast and cheap transactions. “Binance is still considered the best global exchange. Joseph Raczynski, a technologist and futurist at Thomson Reuters, is also bullish on BNB with a prediction of $400 by the end of 2022. BNB Chain also plans to support a layer 2 chain within the network, which can be helpful in the future as they may suffer the same gas fees issues as Ethereum.” Since the BNB chain ecosystem continues to grow, the price may reach as high as $3,000 in 2030. BNB introduced a burn mechanism in every transaction fee and conducted quarterly burns, making it a deflationary asset. “The price of BNB also follows the demand and supply. While Ritchie acknowledges that BNB’s future hinges on the credibility of Binance’s exchange, he says that it has potential as a deflationary asset. John Hawkins, a senior lecturer at the University of Canberra, is not sold on Binance Coin and sees BNB’s price dipping to $180 by the end of 2022 based on the coin’s volatility and the fact that it “largely follows the price gyrations of Bitcoin and has little real-world use”.īen Ritchie, the managing director of Digital Capital Management, is bullish on BNB, expecting the coin’s value to hit $300 by the end of the year.
The panel’s 2030 prediction for Ethereum (ETH) is down roughly 45% in July compared to January, with Solana (SOL) coming in 60% lower and Cardano (ADA) down 89% over the same span.
While the panel’s predictions for Binance Coin going forward are down in July compared to January, BNB’s price forecasts didn’t fall as far as others.
0 kommentar(er)
