Binance founder Changpeng Zhao (CZ) shared his views on the current state of the cryptocurrency market in the context of dips and the potential for new all-time highs.
Understanding Market Corrections
In a recent tweet, CZ reminded the crypto community: "Remember, by definition, everything before the next ATH is a dip." This statement reframes market downturns not as losses, but as natural periods of consolidation.
Future of New All-Time Highs
CZ also posed a crucial question that challenges this optimistic outlook: "The obvious question is, will there be a next ATH?" This acknowledges the inherent uncertainty and risk in the volatile crypto market.
Choosing Quality Projects for Investment
The Binance founder offered guidance for investors navigating this uncertainty: "Only a small number of strong coins will do that. Look for long term staying power and growth potential." This emphasizes the importance of diligent research and selective investing.
CZ’s remarks serve as a valuable reminder for both seasoned and new investors. While the prospect of new ATHs is a common aspiration in crypto, his message underscores the need for realistic expectations and a focus on quality projects that demonstrate resilience and long-term viability.
