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Title: ‘Price Is Distraction’: Changpeng Zhao Speaks Out Against Pursuing Moon Prices in Crypto
Changpeng Zhao, the former CEO of Binance and a prominent figure in the cryptocurrency community, has shared his thoughts on the market trends and the importance of focusing on building quality products. In an interview, Zhao emphasized that instead of chasing moon prices, the industry should prioritize creating something truly innovative and valuable.
Speaking to U.Today, Zhao noted that 2024 was a recovery year for the crypto market, with many assets rebounding after a tumultuous 2022. He pointed out that this year’s performance is not a sustainable trend and may reverse in the future. However, he emphasized that the focus should be on building excellent products rather than pursuing ever-growing prices.
Zhao emphasized that the pursuit of moon prices can lead to market instability and create unrealistic expectations among investors. Instead, entrepreneurs and developers should aim to build something exceptional and valuable, which will naturally attract attention and price itself.
Source: u.today
