Crypto Academy Week 7 - Homework Post for @Besticofinder

in SteemitCryptoAcademy4 years ago

Hello every one welcome to another homework task post for @besticofinder one crypto professor, this is week 7 now which is one month and 3 weeks and i have learnt a lot by participating in this tasks and i hope you have too.

This week our professor @besticofinder wrote about how to invest in cryptocurrency if you want to read our professor article click this link any way let's dive into this week task.

In the homework task our professor outlined that we have to write and compare two cryptocurrencies which are competitors to each other so join me as I write about it.

BNB VS Ethereum

Ethereum Ranked 2nd
BNB Ranked 3RD

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Read the project whitepaper and compare the concept

For BNB it is a currency owned by the Binance Blockchian and it is used to used to trade and pay fees .

For Ethereum it's native token is ETHER and it is a decentralized, open-source blockchain with smart contract functionality.

Comparing Both Hive and Steem Project White paper
I will say when comparing both hive and steem Project White paper, I will say they have a lot of similarities and bonds shared together like below.

1). They are both native tokens.
2). They both run smart contracts.

2. Compare the social reach , project purpose , team , response from the market

Social Reach For Binance
Binance has spread around having a tremendous social reach. The last time I checked, hive have a daily visit of 100M which is huge and not only that Binance though majorly been talked about on twitter have a lot of its user based on twitter which is just awesome also to see. The social reach of Binance is great.

Social Reach of Ethereum.

Ethereum also is not left out. With a monthly visit of 430M on the website and having a lot of social media channel like twitter, facebook and many more. It has a huge social reach worthy of talking about.

project purpose , team , response from the market

Binanice
Binance was created for trading because it is an exchange where users can trade cryptocurrency and store their cryptocurrency and it is also centralized.

Ethereum
It was launched in 2015 Ethereum is the largest and most well-lauched, open-ended decentralized software platform. Ethereum enables the deployment of smart contracts and decentralized applications (dapps) to be built and run without any downtime, fraud, control or interference from a third party.

Ethereum Team

1).While Buterin
2).Ming Chan, Executive Director
3).Joe Lubin
4).Jeffrey Wilcke, Technical Steering Group
5).Jeremy Wood

2). Compare Market capitalization, Liquidity and trading volume,Circulating supply ,Active addresses , Maximum supply, Transaction count etc.

For BNB
Market Capitalization

$41.81B

Liquidity

8.56M BNB

Trading volume

$2.31B

Circulating Supply

154,532,785 BNB

Ethereum

Market Capitalization
$197,191,501,705

Liquidity
10,728,783 Eth

Trading Volume
$18,360,986,323

Circulating Supply
115,223,920 ETH

Decide which coin will be the better currency form the selected two currencies. Support your decision with above facts

I decided i will invest in BNB on a short term because ethereum has failed to release layer 2, so they delay it that is i see BNB shooting to the moon once they open up their smart contract availability.

Conclution
If ETH fails to fix their issue even after they release the layer 2 upgrade then i see BNB and ADA going parabolic any way thanks for reading.

Best regards

Cc: @steemcurator01
Cc: @steemcurator02

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Hello @okoyeamaka11 ,
Thank you for submitting homework task 7 ! You have done a comparison between BNB and ADA with a fundamental analysis. nice work [6]

Thank you

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