Exploring the Potential of Binance Coin to Surpass Ethereum in This Cycle

Despite experiencing a significant downturn below $1,000 during the recent cryptocurrency market crash, Binance Coin (BNB) has rebounded strongly. Just a few hours ago, it reached a new all-time high near $1,370, with its market cap escalating to about $190 billion. As the third-largest cryptocurrency, we sought opinions from three leading AI chatbots regarding the likelihood of BNB eclipsing Ethereum (ETH) soon.

‘Possible, but Extremely Difficult’

ChatGPT noted BNB’s impressive performance this past few months, pointing out factors that may enhance its value and close the gap to ETH. It mentioned, “BNB is thriving and could easily narrow the gap with ETH this cycle – especially if Binance’s ecosystem keeps expanding and Ethereum stalls in user growth.”

The chatbot also highlighted the recent hype surrounding BNB, suggesting that such excitement is crucial for driving its price upward. This phenomenon could lead to a Fear of Missing Out (FOMO) among retail investors, which may greatly raise prices, yet could also result in substantial pullbacks.

Conversely, it stressed that ETH currently holds a significant lead, making the possibility of BNB surpassing it improbable without major shifts in the industry.

Grok, another AI generating responses on the social platform X, suggested that BNB’s momentum is rapidly increasing due to Binance’s stronghold and the appealing features of BNB Chain. He implied that favorable regulatory changes under Trump’s administration could further enhance Binance’s leadership and subsequently elevate its native token’s value. However, Grok stated, “ETH’s network effects and TVL dominance make it resilient; BNB’s surge feels more like catch-up than overtake.”

Perplexity echoed these sentiments, estimating BNB would need to rise over 200% while ETH would have to stagnate or decline for this scenario to materialize. It indicated ETH is not done competing this cycle and is poised for possible explosive growth, rendering any flippening highly unlikely.

Price Forecasts

Persisting optimism among analysts regarding BNB includes insights from users on X, like Ali Martinez, who predicts a potential jump to $2,400 soon, and Leshka.eth, envisioning an even steeper climb to anywhere between $2,800 and $3,300 by Q4 this year.

However, BNB’s Relative Strength Index (RSI) signals that it may soon require a correction. Currently, it stands at 80, indicating BNB is in overbought territory, suggesting a likely reversal is on the horizon.

BNB RSI, Source: CryptoWaves

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