Former Binance CEO Changpeng Zhao has already weighed in on the current cryptocurrency market action, claiming that "everything" before the next all-time high has to be viewed as a dip by definition.
That said, the obvious question, according to CZ, is whether there will be another all-time high.
"Only a small number of strong coins will do that. Look for long-term staying power and growth potential," he said.
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According to CoinGecko data, the price of the leading cryptocurrency dipped to an intraday low of $98,467 before paring some losses.
At press time, the leading cryptocurrency is changing hands at $101,370.
As reported by U.Today, Zhao previously predicted that Bitcoin would "definitely" hit $1 million.
