Projects on Binance Smart Chain are absolutely crushing it right now and while it’s amazing to sit back and admire the projects that have just rocketed, the real question is what is coming next?
EllioTrades has identified the next exciting and explosive gems on Binance Chain. Just like Ether is the underlying token for Ethereum, Binance Coin is the underlying token for the entire chain. BNB was just 30$ about a week ago with current price at $300 pushing $45B in market cap (1:09)
EllioTrades says the explosion and insane increase in volume of PancakeSwap on the Binance Smart Chain reminds him of August 2020 where essentially every project that launched on Uniswap went ahead and did insane multiples of growth (2:36).
He looked at the explosion of Berry Data (3:26) which is one of the most trending narratives of 2021, up 600% since its launch. Berry Data provides a trustless and decentralized alternative for off-chain data, it is a transparent community-verified price oracle on BSC(Binance Smart Chain).
There is a tonne of scams, bugs and exploits that pose a threat to the incredible amount of money flowing around De-Fi space. Ellio says if trillions of dollars are to be unlocked in the space, Decentralized Insurance protocol will be needed (5:01). He believes there will be an Insurance protocol that pops out of nowhere on Binance Smart Chain in the near future
Ellio says coins like Multiplier are going to do very well by essentially fitting in what’s working with Ethereum and giving a version of it Binance (6:37).
Binance Chain is explosive and the coins within it are doing insane growth and that’s because people need, want and thirst for the experience they have had on Ethereum till now in a lower fee and higher functionality environment which is what they are getting on Binance Smart Chain.
This episode premiered on February 19th, 2021.