Crypto trader and analyst Nicholas Merten is giving Binance Coin (BNB) a close look after its meteoric ascent to an all-time high of $342.
In a new DataDash video, Merten tells his 391,000 YouTube subscribers that BNB’s furious rally from $38 at the start of 2021 is sparking a narrative that the coin and the protocol it fuels, Binance Smart Chain, could take over the decentralized finance (DeFi) space.
To explore the possibility of BNB flipping Ethereum (ETH), the crypto analyst takes a deep dive into the differences between the two leading smart contract protocols.
“The ironic thing overall is that the Binance Smart Chain is actually extremely similar to Ethereum. They share the similarity in the sense that Binance Smart Chain is basically a direct fork off of the Ethereum blockchain, in the sense of how it functions, how solidity and code can be brought over from the traditional Ethereum applications that exist into the Binance Smart