BNB and DOT are going to be ETH killers

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(Edited)

We all know how successful ETH had been in helping many projects create their own smart contracts and tokens that are ERC20. There are still many blockchain projects that have ETH as their foundation. The only thing that is preventing them from growing is the huge trading fees. When it comes to ETH, people stay away from it because of the huge gas fees.

Yeah, not all the blockchains are free like Hive to do transactions. There are also however other few blockchains though not free, they are considerably cheaper. Now that it has become a trend to call themselves ETH killer, many projects have emerged in the market. There are also a considerable amount of fake ETH killers in the market that has no potential but just a silly scam.

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I have been observing the price of BNB ever since it was just cents. Those days I did not have a big thought to have BNB tokens in my portfolio but I was always interested to keep myself updated on that. I knew for sure that it would be a great hit because it is backed by Binance which is one of the biggest cryptocurrency companies in the world. A token backed by such exchanges is always good to be kept on the radar.

When Binance launched its own blockchain, I was pretty sure that BNB would reach a great height. I wanted to invest when the price was 5$ back then but I did not have enough liquid funds, so I missed it. Today the price is already unreachable. The capabilities of the Binance smart chain are what make people think that this can be ETH killers and many projects have already started migrating from ETH to BNB because of low gas fees.

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My next favorite thing is DOT tokens. I wanted to enter when the price was 3$ but I missed it and I'm glad that I at least entered when the price was 5$ and 10$. I have a very little DOT token in my account. The concept of DOT is also very impressive, and that's what makes people believe that Polkadot can also be ETH killer because of the cross-chain support it is capable of providing. I might have missed the opportunity to purchase BNB tokens but I'm glad that I was able to purchase leave a few DOT tokens at the right time.

Some experts say that it is still a very good price to purchase DOT and BNB tokens. I'm not going to give any financial advice here but I always feel that we are still in the early stage of crypto adoption and hence all these tokens will have great value in the future. So, I personally feel that it is good to invest even at the current price.


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9 comments
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Bang, I did it again... I just rehived your post!
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ETH is supposed to lower fees when it launches ETH 2.0

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I thought it was already launched. But ETH 2.0 comes with another problem. Unlimited supply. That is not going to be good.

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I do not think this anymore ethereum is like bitcoin.
It has nothing to do with the projects or the price, but rather the reputation.
And For Reputation Bnb is superior than Dot

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DOT is still in very early stage and BNB has already started onboarding many projects.

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very interesting post. Are there any active applications already on Polkadot?

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I haven't focussed much on that yet. Right now I have invested a little and have been watching the price grow. I guess there are already a few use cases for Polkadot. Not sure what they are.

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