Binance CEO Changpeng Zhao said in a recent interview that the current state of the cryptocurrency market is healthier than before. He also stressed that the sustainability of cryptocurrencies is extremely important.
Compared to Bitcoin and altcoins hitting record highs nine months ago, the industry is actually in much better shape now because the people building real applications are staying in the industry.
He explained that cryptocurrencies are attracting a lot of non-believers into the space, and they are likely just speculators, which should not happen on a large scale, so a constant correction is inevitable.