The cryptocurrency market has experienced a spectacular slowdown, with significant losses on the main digital assets. Bitcoin (BTC) fell below $ 95,000, Ethereum (ETH) dropped to $ 2,600, and altcoins like XRP, Solana (soil) and Dogecoin (DOGE) have undergone two -digit declins. This crash, driven by geopolitical tensions and new American trade rates under President Donald Trump, has erased more than $ 2 billion in liquidations within 24 hours. Despite the chaos, the CEO of Binance, Richard Teng, advanced with a message of resilience and optimism for the cryptographic community.
There has naturally been a lot of panic surrounding market volatility and sudden sales.
This is not the first time that has happened, and it will not be the last either. Here are 3 tips that I would like to share with you.
A thread.
– Richard Teng (@_richardteng) February 3, 2025
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“It is useful to realize that this slowdown is temporary,” explains Teng
In an article of February 3, 2025 on X, Teng said: “There has naturally been a lot of panic surrounding market volatility and sudden sales. This is not the first time that has happened, and it will not be the last either. »»
In addition, he offered three tips.
“This too will pass!” said Teng. “It is useful to realize that this slowdown is temporary.”
He stressed that “like traditional markets, the cryptography market is cyclic in nature, with its moments of ups and downs”.
“But”, he added, “the positive thing is that the overall trajectory of the cryptography market is that of growth.”
According to him, when the markets slow down, this is the ideal time to build and learn!
“Focus on product development, improve technical skills, study projects, explore new protocols and connect with communities. Use quieter periods to strengthen your foundation and prepare opportunities, “he added.
Teng stressed that when the cryptography market matures, volatility becomes less worrying. “Volatility is linked to market size – assets with smaller stock markets are more volatile. As digital assets earn the value of public services, volatility will be less worrying, “he said. “It’s a cause of optimism!”
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Solana took the front of the trading volume of the same crypto, and Raydium recently exceeded the uniswap.
The American blockchain, 
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Pump.fun, a launch of the memes piece on Solana, was also very useful during this tip of Solana volume. Launchpad facilitates the creation of new coins, which then find their main trading place on Raydium.
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The position “this too will pass”, explains the CEO of Binance Richard Teng in the middle of the bloodbath. Explore the best crypto to buy! appeared first on 99Bitcoins.
