Binance Founder Delivers Brutal Crypto Reality: Only a Few Strong Coins Will Dominate ATHs

CN
9 hours ago

Binance co-founder and former CEO Changpeng Zhao (CZ) has offered advice to investors on navigating the path toward the next all-time highs (ATHs): assess which cryptocurrencies possess long-term staying power and growth potential, and determine which ones are resilient enough to weather volatility and ultimately reach new peaks. He stated on social media platform X on June 22 that market participants should view current price levels through a long-term lens. He emphasized:

Remember, by definition, everything before the next ATH is a dip.

“The obvious question is, will there be a next ATH? Only a small number of strong coins will do that. Look for long term staying power and growth potential,” CZ added.

His comments arrive as crypto markets remain volatile, particularly following escalating geopolitical tensions after reports emerged that the United States had conducted airstrikes targeting Iranian nuclear facilities. The sudden rise in conflict risk injected fresh uncertainty into global markets, causing heightened price swings in both traditional and digital asset sectors over the weekend.

Despite the downturn, Zhao’s remarks suggest that investors should distinguish between speculative tokens and projects with robust fundamentals capable of long-term growth. The distinction may imply that market consolidation will favor resilient assets while weeding out weaker projects unable to adapt or scale.

CZ frequently offers advice on X, encouraging investors to educate themselves. In May, he wrote that difficulty in holding investments often stems from limited understanding of technology, finance and global markets. He added that buying bitcoin based solely on others’ recommendations leads to weaker conviction during market downturns, and recommended reading more to strengthen knowledge.

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