Binance Founder Explains Dips and What To Look For Next ATH
Changpeng Zhao (CZ), the influential founder and former CEO of Binance, recently shared a thought-provoking perspective on market corrections and the future of cryptocurrency prices, particularly regarding the elusive "All-Time High" (ATH).
In a concise 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 or “dips” leading up to potential new record highs. It encourages a long-term mindset, suggesting that current price levels are merely temporary phases in an ongoing upward trajectory for assets that eventually surpass their previous peaks.
However, CZ quickly followed up with 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.
He then 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.
It suggests that not all cryptocurrencies will recover to set new ATHs, and sustained growth will be concentrated among projects with fundamental strength, robust development, and genuine utility.
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, rather than chasing every market movement.
Kosta Gushterov
Reporter at Coindoo
Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.
