Richard Teng, CEO of Binance, wanted to comment on the recent increase in crypto volatility that often destabilizes users. In this regard, Teng spoke about the cyclical nature of the crypto market and gave cryptocurrency investors three pieces of advice.
Binance: For Richard Teng, the increase in crypto volatility follows the cyclical nature of the market
The CEO of Binance, Richard Teng, stepped in to reassure any user concerns due to the recent increase in crypto volatility.
“The volatility of the market and the sudden declines have understandably triggered panic. It is not the first time this has happened and it will not be the last. Here are 3 tips I would like to share with you.”
In practice, Teng states that these price movements, accompanied by sudden sell-offs, are not new to the crypto sector and will continue to occur in the future.
According to Teng, crypto volatility follows cycles characterized by phases of rapid growth and physiological corrections. It is something that belongs to the normal market cycle of the sector.
The three tips from the CEO of Binance to better handle crypto volatility
The CEO of Binance then continued his speech wanting to give three tips to crypto-traders, to avoid falling into the panic phase and experience crypto volatility in the best way.
First and foremost, Teng suggests gaining awareness of what crypto volatility is. In this regard, the CEO of Binance compared crypto volatility to what normally happens to traditional financial instruments, emphasizing that the general crypto trend is growth.
“It is useful to realize that this downturn is temporary. Like traditional markets, the cryptocurrency market also has a cyclical nature, with moments of highs and lows. But the positive aspect is that the overall trajectory of the cryptocurrency market is upward.”
Secondly, Teng suggests that during the bull and bear market slowdowns in the crypto market, traders should engage in “build and learn” (build and learn). Moreover, for Teng, the slowdown phases can also represent a valuable opportunity for developers and investors, both experts and newcomers.
Teng defines this moment as ideal for strengthening skills, refining projects, and engaging communities in anticipation of the next bull period of expansion.
Finally, the third advice from the CEO of Binance is to consider that only with the maturation of the crypto market, the volatility will become less concerning.
In this regard, Teng states that volatility is linked to the size of the market and that cryptos with a lower market capitalization are naturally more exposed to price swings.
The prices of the top 10 crypto in dump over the last seven days
Taking a look at the price charts of the top 10 crypto (excluding stablecoins), it is easy to notice how they are all in a dump over the last 7 days.
In fact, at the time of writing, Bitcoin (BTC) is worth $97,930, in a dump of -4.53% compared to a week ago.
Tron (TRX) is in a dump of -6%, Ethereum (ETH) and Solana (SOL) are in a dump of -11%, Ripple (XRP) of -18% and Cardano (ADA) and Dogecoin (DOGE) by almost -20%.
In this regard, a few days ago, there was talk of the Dollar Index and the probable cause behind the decline in crypto prices, led by BTC.
The trend of the Dollar Index seems to show an increase in buying pressure on the dollar, probably motivated by the fear that in the short term the situation may remain difficult in the markets.
Not coincidentally, the drop in BTC started last Friday, when news began to spread about the commercial tariffs imposed by Donald Trump on some countries that trade with the USA, such as Mexico, Canada, and China.
