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Ethereum vs Binance Coin: Why ETH could surpass BNB in 2022

Key Points: Ethereum, Binance coin are two of the most secure altcoins on the market. Both have the fundamentals to see them rally in 2022. Ethereum is gaining an advantage this year, due to the successful transition to Eth2.0. Ethereum (ETH) Ethereum is the first blockchain network that allows anyone in any country to transact…

Key Points:

  • Ethereum, Binance coin are two of the most secure altcoins on the market.

  • Both have the fundamentals to see them rally in 2022.

  • Ethereum is gaining an advantage this year, due to the successful transition to Eth2.0.

Ethereum (ETH)

Ethereum is the first blockchain network that allows anyone in any country to transact with cryptocurrency without intermediaries. It supports smart contracts which allow developers and entrepreneurs to access digital money. All this while keeping it open-source so that no one entity can shut down this open-source project.

It’s a programmable, blockchain that can be used to make Bitcoin transactions. It is a powerful digital tool that allows you to buy goods from various websites or apps, as well as support different applications like finance and games.

Binance coin (BNB )

The Binance Coin (BNB) is the cryptocurrency that pays fees on the Binance exchange. This coin can be used for many purposes, including as an investment opportunity on several platforms like stocks or ETFs. It can also be used to collateralize loans with this crypto.

The token powers certain apps that allow users to split bills and pay through otherwise expensive transactions. BNB supports loans, transfers, and entertainment by allowing users to purchase tickets online.

Which is the best buy?

Both Ethereum, Binance coin are great investments. They are among the most stable altcoins on the market and have the potential to grow.

But, Ethereum has so much news this year it could surpass Binance coin’s gains this year. Its growth will be driven by the completion of Ethereum 2.0 later in the year.

Ethereum 2. will improve Ethereum’s scale and lower its gas prices than ever before. As demand increases, Ethereum’s deflationary characteristics will increase demand for ETH.

All these and the rising bullish momentum in the broader market could see Ethereum rocket to prices rocket to new highs this year.

Want more information on how to invest safely in Ethereum? Check out our comprehensive Ethereum buying guide here or purchase from our recommended platform below!

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Bitcoin

Former Coinbase Business Developer: ‘There Wasn’t a Long-Term Case for Bitcoin Payments’

Nick Tomaino, a former business developer and marketing lead at Coinbase, explained how the idea of bitcoin for payments gradually lost its relevance in the market. Tomaino detailed that Coinbase rode this premise back in 2014 to raise $125 million in two funding rounds, but it was quickly clear that there was not a case [……
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Bitcoin

Japanese Corporation Metaplanet Acquires More Bitcoin, Stock Price Soars

Metaplanet, a publicly traded corporation on the Tokyo Stock Exchange, has announced an investment of 23.351 bitcoins, with an average purchase price of 10,706,180 yen per BTC, totaling 250 million yen ($1.6 million). The company now holds 141.0727 bitcoins, with an average purchase price of 10,278,391 yen per BTC…
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Bitcoin

BTC slips amid poor debut for Hong Kong spot ETFs

Bitcoin fell to under $62,000 after spiking past $64,700 earlier as Hong Kong spot Bitcoin and Ethereum ETFs began trading. Data showed trading volumes hit just over $11 million, against expectations of over $3oo million. Bitcoin price fell below $62,000 again amid market reaction to less than encouraging numbers from the first day of trading…


  • Bitcoin fell to under $62,000 after spiking past $64,700 earlier as Hong Kong spot Bitcoin and Ethereum ETFs began trading.
  • Data showed trading volumes hit just over $11 million, against expectations of over $3oo million.

Bitcoin price fell below $62,000 again amid market reaction to less than encouraging numbers from the first day of trading for much hyped spot Bitcoin and Ethereum ETFs in Hong Kong.

BTC was down about 1.4% at the time of writing, having touched lows of $61,587 across major crypto exchanges.

The benchmark cryptocurrency, which has struggled to reclaim key levels since its recent halving event, was seeing a 24-hour trading volume of $28.4 billion.

Bitcoin price and Hong Kong spot ETFs debut

Earlier, Bitcoin price surged to above $64,000 as the six spot Bitcoin and spot Ethereum ETFs went live in Hong Kong.

The flagship cryptocurrency rose to over $64,727 on US-based crypto exchange Coinbase. BTC also soared after reports Hong Kong approved the listing of the ETFs.

NEW: 🇭🇰 Opening ceremony of Hong Kong spot #Bitcoin ETFs 👏 pic.twitter.com/ux1eb5PqRn

— Bitcoin Magazine (@BitcoinMagazine) April 30, 2024

However, as data streamed in showing disappointing trading volumes and inflows, Bitcoin price took a hit. According to details of the six ETFs’s debut day, total trading volume reached just $11 million, not impressive given projections were much higher at over $300 million.

Bitcoin ETFs saw about $8.5 million while Ethereum ETFs recorded just $2.5 million on the first day. Ethereum price fell to $3,040.

Notably, the figures from Hong Kong are way lower compared to those recorded amid the enthusiasm that greeted the launch of spot Bitcoin ETFs in the US in January. On their debut, the US spot BTC ETFs raked in over $4.6 billion in trading volume.

The start to trading for the ETFs has not helped BTC price and BTC could face a slide under the $60k level if sentiment flips negative. On the upside, resistance at $65k remains critical and a breakout could see the bellwether digital asset soar towards its recent peak.


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