RE: Ethereum EIP1559 Approved - The End of the Binance Gold Rush?

[chekohler]

I think even with a drop in fees the BNB cat is out of the bag and Binance has enough cash to keep it going and pushing it on people!

We also don’t know with lower fees how much more through put ETH can take so I think BSC will keep going until ETH reallt solves the problem of scalability for good

Posted Using LeoFinance ^Beta

Comments

[raj808]

Hi chekohler

I agree that BNB/BSC is well established now and isn't really going anywhere, but I think that the question is more a case of if these price rises we've seen with BNB will continue if ETH solves the gas issues. I don't think it will at all.

There are three scenarios I can see:

1. ETH doesn't solve the gas/scaling issues and BNB takes a major part of its market = Big BNB price rise
2. ETH partly solves gas issues and BNB doesn't rise much more but retains most of the market share it took from ETH
3. ETH dramatically reduces gas prices and scales well = BNB loses massive market share on the Defi space and BNB price plummets.

I think BSC will keep going until ETH reallt solves the problem of scalability for good.

Absolutely agree with this, and I guess we wont know for sure until July or after.

Thanks for reading 🙂