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Binance Coin (BNB) Major Investment Indicator Unveiled by Analysts. CZ Responds

News
Mon, 05/25/2020 - 11:53
Vladislav Sopov
As Bitcoin (BTC) is disappointing its holders with a drop, a hypothetical ‘alts season’ could be in the cards. Typically, BNB leads in these seasons
Binance Coin (BNB) Major Investment Indicator Unveiled by Analysts. CZ Responds
Cover image via twitter.com
Contents

Dowey Wan, a founding partner of the Primitive Crypto digital assets company believes that she has found a reliable metric for Binance Coin (BNB) investment prospectives.

Ask team members

Ms. Wan announced that Binance employees may be a crucial investment indicator for Binance Coin (BNB) price dynamics.

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She suggests that the number of employees who choose to be paid in Binance Coin (BNB) could say a lot about the attractiveness of investing in BNB.

The options of Bitcoin (BTC) and local fiat currency compensations should also be considered for an unbiased review.

That said, she asked Binance CEO Changpeng Zhao and the platform’s CMO Yi He about plans to release these figures.

CZ responds

Changpeng Zhao didn’t hesitate to comment on this approach and unveiled that ‘a lot’ of Binance employees get their salaries in Binance Coins (BNB).

His response was supported by the official Binance Twitter account. CZ also highlighted that he prefers to use the words ‘team members’ instead of ‘employees’. 

However, some commenters questioned this position and suggested that it might be true only in the case of additional bonuses awarded to those team members who get paid in Binance Coins (BNB).

Some other followers of Ms. Wan's account mentioned the high volatility of BNB as a primary obstacle to its usage as a compensation instrument.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director

News
Mon, 07/13/2020 - 14:38
Vladislav Sopov
John Lilic, managing director at ConsenSys decentralized development studio, has shared an over-bullish prediction for Ethereum (ETH) progress
Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director
Cover image via stock.adobe.com
Contents

John Lilic leads international business development in the ConsenSys leading blockchain development studio. He is also an expert in energy markets and cryptocurrency segments. He tracked the progress of Bitcoin's (BTC) and Ethereum's (ETH) market capitalization statistics, coming up with an extravagant prediction.

Bitcoin (BTC) should get ready for parity

Mr. Lilic outlined that Ethereum (ETH) is showcasing much healthier dynamics than its competitor is. For instance, the flagship cryptocurrency still surpasses Ethereum (ETH) by 6.3x in terms of market capitalization, while simultaneously collecting 20% fewer fees than Ethereum (ETH).

John Lilic of ConSensys foresees parity of Bitcoin (BTC) and Ethereum (ETH) market capitalizations
Image via Twitter

Also, Ethereum (ETH) is demonstrating much more impressive price dynamics this year. It gained almost 37% against Bitcoin (BTC) in 2020. That said, Ethereum (ETH) looks severely undervalued to the top manager of ConsenSys.

However, Ether is on the path to eliminating this discrepancy. Eventually, the top two cryptocurrencies may reach market capitalization parity, concludes Mr. Lilic.

Related Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains
Related
Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains

As covered by U.Today Crypto News recently, Coinmetrics on-chain research team called Bitcoin (BTC) and Ethereum (ETH) the unique crypto behemoths that have managed to recover from Black Thursday.

Bitcoin (BTC) is losing supremacy in "fee race"

Should Ethereum (ETH) overcome its undervaluation, its price may be over $1,550 based on liquid supply and current Bitcoin (BTC) market capitalization.

Recently, it was unveiled that Ethereum (ETH) blockchain continues to surpass Bitcoin (BTC) in terms of network fees for more than 30 days in a row. Ethereum (ETH) is seeing this advantage for the first time in its history.

As U.Today Crypto News reported previously, ex-Messari analyst and angel investor Qiao Wang identifies two main catalysts of Ethereum's (ETH) price run in the mid-term perspective.

Related Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang
Related
Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang

According to Wang, the upcoming rally may be fueled by a long-awaited transition to Proof of Stake and fixing the monetary policy of Ether token.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)