As the market prepares for the next bull market, cryptocurrency enthusiasts continue to search for the next cryptocurrency projects that are poised for exponential growth. They look for ways to maximize profits by investing in the right sectors and profitable currencies.
This report by Coinpedia has compiled all the ways to multiply profits by 100x in the next bull market. Let's dive in to find out more!
What is Bull Run?
A bull market, or bull market, is a period in which the majority of investors are buying, prices are rising and demand exceeds supply. At this point, market confidence is very high, and prices are rapidly trending upward. When such a scenario occurs, it indicates that most investors have become optimistic or “bullish” about further price increases.
Signals the beginning of a bull market! Bull market prediction plays a very important role. Investors and analysts are eagerly awaiting signs of market recovery, eager for the next wave of the bull market.
2024 is expected to see the next uptrend due to events such as the Bitcoin halving. One key indicator of a potential rally is the Bitcoin halving, which occurs approximately every four years. Apart from this, the Ethereum 2.0 upgrade promises significant improvements in scalability, security, and project efficiency, thus attracting more stakeholders and upgrading the cryptocurrency market.
Experts expect the next rally to be the largest ever. We are here to guide you through the same so that you can make maximum profits from it.
Why will 2024 see the next crypto bull run?
Experts predict that 2024 will be the next and biggest event ever! These can be some reasons for the same:
The main indicator to rise in 2024 is influenced by the king of cryptocurrencies! The Bitcoin halving event is scheduled to take place in April 2024, raising the expectations of investors and enthusiasts. This scenario occurs every four years and corresponds to distinct bullish periods in the cryptocurrency space. It reduces the number of newly minted bitcoins, which stimulates increased demand.
The Ethereum 2.0 upgrade is just around the corner with improvements like better scalability, security, and energy efficiency. Improvements such as Shanghai upgrade and primitive subdivision will attract more investors. This is likely to increase demand in the cryptocurrency sector.
The macroeconomic landscape, especially the trajectory of global liquidity conditions, already indicates favorable conditions for the cryptocurrency market. With the advent of spot ETFs, the cryptocurrency sector will benefit from increased mainstream adoption. Technological advances are also causing increased investor participation. It may accommodate more cryptocurrency enthusiasts.
The evolving cryptocurrency market in 2024 offers us different scenarios. This cycle could see us see a rise in Bitcoin prices, surpassing all-time highs. Market corrections can also cause prices to fall. Market leadership can be redefined with several developing projects coming into the spotlight, such as Solana's upward development of DeFi protocols. With trends like these, we can always expect an upside in 2024!
- The meeting of Bitcoin halving and Ethereum 2.0
The perfect alignment of the Bitcoin halving event and the Ethereum 2.0 upgrade lays a strong foundation for the upcoming bull market.
The cryptocurrency scene has seen major developments in infrastructure, resulting in a stronger ecosystem. Maturity enables decentralized applications to attract users interested in utility and not otherwise. The development of the space will stimulate growth in the cryptocurrency space, leading to a potential rally in 2024.
According to reports, many small countries and isolated regions have started adopting cryptocurrencies. The convergence of AI and cryptocurrencies is generating innovative solutions, thus attracting more and more users. We expect it to grow even more in 2024!
Top strategies To maximize your gains in this bull run
The last bull run started in late 2020 and ended with Bitcoin reaching $69,000! The 4-year cycle theory suggests an upcoming bull run in 2024. We have put together some strategies for you to make 100 times your profits in the next bull run:
- educate yourself
Take your time to read the different projects and white papers of upcoming tokens. Be careful with the cryptocurrency and blockchain markets. For example, LSD was the biggest star in DeFi in 2023. Many experts predicted that LSDFi would be the next big thing! Educating yourself will help you make better informed decisions, identify future triggers, and become better skilled at navigating the silence of the bull race!
- Stay updated
Stay informed about what's happening around you! LSDs, real world assets, coins, regulations, everything! Once you need to get basic information like the nature of the soil and how much water the plant needs before planting it, right? Likewise, one needs to update with every minor update to withstand the upward pressure. Market leg! start now!
- Investment objectives
Are you looking for short-term volatility or long-term opportunities? You should be well aware of your investment objectives and accumulate accordingly. Setting clear goals helps us get an idea of our main goal and protects us from being swayed by market noise. Helps maintain focus!
- Never invest more than you can afford to lose
Never exaggerate in the heat of the moment! Risks are high in the cryptocurrency sector, so it is better to make wise decisions rather than act on emotions due to the chaos of an uptrend.
- Dior
Before investing, always do your research! Immerse yourself in technical analysis such as trends, charts and technical reports. Manage your emotions and put your efforts only where they are worth it. There will be many who claim to be the best, you need to do careful research to determine the pros and cons of the project!
- Altcoins to consider before the next bullish wave:
- Ethereum: We are well aware that Ethereum is the second largest cryptocurrency by market capitalization. It is a major player in smart contracts and Web 3.0. Ethereum is expected to outperform Bitcoin in the next bull market! With all of the above, the Bitcoin halving event in April 2024 is the only certain news for cryptocurrency markets hoping for a bullish rally. With this in mind, we expect ETH to follow alongside Bitcoin and post new ATHs of $6,500 in 2024. However, if the global economic outlook looks challenging in 2024, we could see ETH struggling to reach its ATH, and as a result, we expect The price of ETH will average $4,500 in 2024. If the global economic situation takes a stagnation in 2024 we can see ETH struggling to regain the previous high, thus we expect a low to reach $1,800 for ETH in 2024.
- Cardano: ADA has been one of the best performing cryptocurrencies in the market. It has risen by 165.13% in 2023 and 677.65% since its inception. Cryptocurrency enthusiasts are very optimistic about Cardano's potential 6,000% increase in the upcoming uptrend.
- Dogecoin: Dogecoin, a funny cryptocurrency, has quickly become a prominent digital asset with a loyal community. Despite its meme-related origins, DOGE has shown remarkable growth. In 2023, Dogecoin saw a 34.71% rise, reflecting continued interest in and investment in the coin. Over its lifetime, Dogecoin has had a staggering all-time high of 627.40%, and over the past five years, it has risen by 4,916.03%. We expect it to be very profitable on the upside for 2024.
- Ripple: XRP is a fast and efficient solution for cross-border transactions, offering a cheaper alternative to mainstream methods. It recently regained investor confidence after winning a legal battle against the US Securities and Exchange Commission. XRP is all set to rule again and we are placing our bets on the token during its next bull run. Taking into account the significant rise in cryptocurrency prices and the positive outcome of the lawsuit in favor of Ripple, we expect the price of XRP to rise. Therefore, experts expect the price of XRP to reach $1.80 by the end of 2024. Depending on the outcome of the lawsuit and cryptocurrency market conditions, the price could rise a lot, potentially reaching $3.10.
- Sectors to choose for the next bull market
We place our bets on these top three 2024 bull market sectors:
- Second layer measurement solutions
After facing challenges in 2023, Layer 2 solutions are expected to rebound in 2024. With upgrades like Ethereum Cacun, reducing costs and enhancing speed, Layer 2 solutions are expected to attract significant capital and user activity. This could drive the market higher as it provides more scalable and efficient blockchain solutions.
- Real World Assets or RWA
RWAs saw a huge surge in capital in 2023, seeing a meteoric 700% rise in Total Value Added Value (TVL) in 2023. Protocols that promote RWA transactions such as Polytrade ($TRADE) and Clearpool Finance ($CPOOL) have given growth By 1038% and 277% since the beginning of the year, respectively. Next year may accelerate this trend as more assets go digital, making them attractive to institutions looking for innovative investment opportunities, thus launching the next bull run!
Source: CoinMarketCap
- Artificial intelligence coins
In 2023, AI currencies have taken over the market well. With the success of AI-based technologies, AI-based projects have seen a strong boost. There were great offers for currencies such as RNDR, AGIX and OCEAN. In 2023, AI coins have seen a surge in interest, pushing tokens like RNDR, AGIX, and OCEAN to impressive heights, with 1,050%, 646%, and 234% YTD growth respectively.
This enthusiasm, sparked by advances in artificial intelligence and the performance of technology stocks like Nvidia, points to a strong path through 2024. This obsession with artificial intelligence, fueled by breakthroughs in machine learning and GPU technology, sets the stage for 2024, where we may see these coins lead a rally. Big as the integration between artificial intelligence and blockchain technology is enhanced, which could revolutionize sectors from finance to gaming.
- Diversification
We always suggest not putting all your eggs in one basket. During the peak period, be prepared to diversify your investment portfolio and invest in different types of projects, so that if one fails, the other can save you!
- Never work with emotions
Emotional investments can be risky! Do not invest hastily and emotionally when you see the market rising. Stop for a moment, analyze, and invest! We realize that the peak of a bull market may influence you to invest only once again. However, never do this without applying analytical skills!
- Plan your exit strategy
Always plan your exit strategy! Experts suggest exiting the market once you achieve your commitment and goal rather than investing mercilessly and endlessly. The market can experience a downturn at any time, so, it is important to have a planned exit strategy.
Coinpedia has compiled these top 10 ways to efficiently get 100x profits on your next bull run! We suggest that following these strategies can help you make big gains from the bull market in 2024!
