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Title: Binance Ex-CEO Warns Against Chasing Moon Prices, Focus on Building a Strong Product
In a recent statement, Changpeng Zhao, the former CEO of Binance, cautioned against chasing moon prices in the cryptocurrency market. According to him, the focus should not be on prices and their pursuit of the “moon,” but rather on building a product that is so good it will market itself.
Zhao’s comments come at a time when many investors are eagerly awaiting 2024 as a recovery year and 2025 as a bull market year. However, he stresses that this should not be the primary goal. Instead, entrepreneurs and developers in the crypto space should focus on creating a product that stands out from the crowd.
The ex-Binance CEO emphasizes that success is not solely dependent on price movements but rather on building something truly innovative and valuable. He believes that by focusing on these aspects, creators will naturally attract users and generate revenue without having to worry about market fluctuations.
Zhao’s philosophy aligns with his previous statements where he emphasized the importance of creating a high-quality product over chasing after moon prices.
Source: u.today
