XCH Vs BNB Price Analysis (2024)

With the markets taking a significant upturn, it’s becoming more pressing for investors to find the next gem. During the last cycle, we saw incredibly promising cryptocurrencies and blockchain projects like Chia. However, due to the bear market timing, XCH never managed to live up to its team’s aspirations.

In addition, we have high-growth networks like the BNB Chain and its native token. As one of the most popular smart contract platforms, this coin has incredible upside potential. It performed admirably despite the bear market, and it’s ready to fly once again.

In this article, we provide you with an XCH to BNB comparison of their fundamentals, historical price action, and future value. This should allow you to decide which one of these assets has better profit potential in the future.

1 Chia Network Review

The Chia network was released in 2021, at the peak of the bull market at that time. This network is trying to solve the blockchain trilemma by providing an infinitely scalable platform that is both secure and decentralized.

To achieve this, it uses a novel consensus mechanism called proof-of-space-and-time (PoST). It combines proof of space and proof of time by requiring miners to have free storage on their hard disks, which serves as proof for solving complex problems to reach a consensus on the network, similar to how Bitcoin’s PoW works.

The proof of time documents these results to provide immutability on the Chia decentralized ledger. The chain uses Chialisp, a proprietary programming language that allows for simultaneous transactions instead of sequential, leading to higher throughput.

2 BNB Review

BNB is the native coin of the Binance cryptocurrency exchange, or more precisely, of the Binance ecosystem. This ecosystem is comprised of the Binance exchange, Binance Chain, and BNB chain (previously Binance Smart Chain).

It started as a one-trick pony by allowing users to get rebates for their trading fees on the exchange. However, it has increased in use cases significantly since its early days and is now the primary gas token of BNB Chain, one of the most popular smart contract platforms available.

Today, users can stake BNB and use it as a base currency in the thousands of decentralized applications running on the BNB Chain. This has made the token one of the most solid investments in the last years, as its utility is constantly increasing.

3 XCH vs BNB: Market Position

The BNB coin was initially launched as an ERC20 token on Ethereum and had a primary use to raise funds for the Binance 2017 ICO. It hit the markets at a modest price of $0.10 and quickly rose as high as $22 in 2018 during the bullish cycle.

Over the next few years, the price of BNB hovered between $15 and $40, but it was in 2021 that the token reached new heights. In May 2021, BNB reached an incredible $690, allowing a lot of early investors to make some eye-watering profits. Currently, BNB is trading at around $317, having lost 60% value during the 2022 bear market.

Chia entered the market in 2021 with a pretty high price of $872 per token. While it managed a short-lived rally to $1,600, XCH has been in a steady decline ever since. The timing of the launch was quite poor as the entire market took a swift downturn. The price of XCH is currently trending at around $38, making it one of the biggest losers of the bear market of 2022.

4 XCH vs BNB: Future Value

Priceprediction.net expects BNB to reach $876 in 2025. Digitalcoinprice’s forecast is similar, with a target of $1,142 per token for the same period.

For XCH, Price prediction has similar growth forecasts. A target of $54 for 2023 and a peak of $119 in 2025. Digitalcoinprice provides pretty close predictions — $84 for 2023 and $137 for 2025.

5 Is It Time to Swap XCH to BNB Now?

While BNB is a less risky asset, Chia has a lot more potential for an upside. The fundamentals are solid, and the price is very low compared to its all-time high. It might just be the moonshot gem everyone’s been looking for to prepare for the next bull cycle. However, if you are still not sure whether you want to convert them or not, the XMR price index may be useful to you to be aware of other options.