For starters, BNB is the native cryptocurrency of the Binance exchange. The asset is currently occupying the seventh position with a market capitalization of $4.3 billion, By the time of writing this article, BNB was trading at $30.47. On another hand, Ethereum is the second largest cryptocurrency with a market capitalization of $25.5 billion, By press time, the asset was trading at $240.01.
When it comes to cryptocurrency investment in 2019, BNB stands a chance of giving you better returns compared to Ethereum. BNB is a distinct asset in the market and has managed to rise steadily occupying the top 10 leagues in a short period of time.
Although BNB will not replace Ethereum any time soon, the asset is showing all the signs of being a top three contender. Based on BNB’s performance, it continues to attract many investors, something that will have a positive impact on its price.
Furthermore, developments at the Binance exchange are having a positive effect on BNB’s value. The Binance DEX platform is among developments that will make BNB soar higher. At the moment, BNB is the token that powers operations on the exchange.
Note that Binance is among the top trading platforms that enjoy a huge user base that will inevitably benefit BNB. The use of BNB on Binance DEX will increase the use of the token in return pumping its price higher.
Unlike BNB, Ethereum has been making slow progress, a factor that might derail its progress in 2019. Ethereum was the pioneer of smart contracts, this has also led to overcrowding on the Ethereum blockchain.
Many cryptocurrency experts projected that the smart contract capability holds the key to Ethereum’s future. However, during the 2017 ICO boom, the Ethereum platform was used to launch scammy projects that defrauded investors. As a result, competitors joined the market, an aspect that threatens Ethereum’s future.
One of the competitors is Binance Chain that is seen as a big Ethereum challenger. The Binance platform seems to be addressing all the shortcomings of the Ethereum network. With BNB powering operations on the chain, it’s just a matter of time the asset soars higher. Based on the mentioned factors, BNB is the best-positioned token for 2019 investment.
Disclaimer: The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.