The continuous evolution of financial services has been marked by innovative developments in the domain of cryptocurrencies. Investors all over the world look up to cryptocurrencies as a vital instrument for shaping their investment strategies alongside delivering unprecedented growth. Interestingly, investors have been wary of the crypto bull run that could redefine the cryptocurrency market once again.
Has it happened before? Will the crypto Bull Run 2024 predictions come true? Most important of all, you might be curious about the nature of a bull run in the crypto market. Over the last two years, the cryptocurrency landscape witnessed the decline of the biggest crypto bull run, which had started fizzling out in late 2021. Also described as the crypto winter, the last two years have led to an increase in rates by central banks.
NFT floor prices, new metaverse products, and web3 funding do not indicate positive trends, and investors have been losing money to scams, hacks, and frauds. However, experts have stated that the crypto Bull Run cycle would repeat itself, and it could change the cryptocurrency market. However, the upcoming bull market might materialize in 2024 or 2025, with many positive trends and factors.
On top of it, the positive growth of the Bull Run would not end after short-lived hype. Several analysts have their own perspectives about the timing, outcomes, and potential catalysts that would drive the phenomenon. Let us learn more about the crypto Bull Run when you could expect it, and the trends that would lead to the bull market. In addition, you can also familiarize yourself with the best practices to prepare for the bull market.
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What is the Crypto Bull Run?
Before you learn about safeguards against the crypto Bull Run coming in 2024 or 2025, it is important to familiarize yourself with its definition. Different types of investors in the crypto market want to know about the timing of the next Bull Run for multiple reasons. Most important of all, they want to make the most of potential benefits of a bull run. What is a bull run? It is a period marked by significant market excitement and price growth in the crypto industry. The most recent example of a crypto Bull Run was in 2021, while other prominent bull runs were noted in 2013 and 2017.
People searching for answers to When is the next crypto Bull Run 2024? are likely to have doubts regarding the timing of the phenomenon. Many experts have pointed out certain catalysts that could push the market ahead. The most prominent catalyst for crypto bull runs is Bitcoin Halving, in which Bitcoin reduces the number of new Bitcoins that you can mine.
Bitcoin halving is an inherent process of the Bitcoin protocol and helps in restricting the total supply of Bitcoins to 21 million. As a matter of fact, the crypto Bull Run 2024 prediction can be directly related to the next Bitcoin halving, scheduled for April 2024. The Bitcoin halving phenomenon can lead to formidable surges in market activity and asset prices.
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Is Bitcoin Halving Only Responsible for Crypto Bull Runs?
Looking back at the crypto Bull Run history, you would find that all of them had happened after Bitcoin halved. For example, the previous bull runs were in 2013, 2017, and 2021. Surprisingly, the Bitcoin halving schedule had milestones in 2012, 2016, and 2020, thereby indicating a pattern that connects Bitcoin halving to crypto bull runs. If you take the pattern into consideration, then the next crypto Bull Run might materialize in 2025 after the Bitcoin halving in 2024. However, the crypto industry has evolved beyond the Bitcoin-centric focus, and many transformative trends have marked their influence.
Let us assume the example of the recent Bull Run in 2021, which showed how blockchain and web3 could have a massive transformative impact. DeFi solutions, NFTs, enterprise blockchain technology, and web3 dominated the crypto landscape. On top of it, other aspects, such as recognition by major brands, institutional adoption, and fear of inflation, led to bullish market sentiment.
Furthermore, online activity increased during the pandemic, thereby serving favorable conditions for boosting the momentum of the crypto market and attracting new investors. The utility of cryptocurrencies has also gained an upper hand over their speculative value, thereby indicating a shift in the industrys maturity.
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What Exactly Drives a Bull Run?
Bitcoin halving has been a major driving factor for bull runs. However, attributing the halving process as the only factor responsible for Bitcoin’s halving is far from reasonable. You have to understand the crypto Bull Run cycle by accounting for other factors. First of all, the effect of Bitcoin halving on market trends could change according to different factors. The existing crypto market features multiple coins and tokens, which have their own traits and cycles that are not related to Bitcoin. The diversification has led to multiple opportunities for profit and growth with the rise of areas such as NFT art and DeFi yield farming.
The maturity of the crypto industry has also led to dissociation between the Bitcoin halving process and larger market trends. For example, investors have to go through comprehensive research to identify investment prospects that could align with individual goals for investment and risk tolerance.
In addition, the answers to When is the next crypto bull run 2024? would also focus on the impact of macroeconomic factors on the crypto market. The effect of global economic conditions on the crypto market could lead to bull runs and develop crypto bull markets. For instance, factors such as interest rates, regulatory developments, inflation, and geopolitical events could help in shaping market sentiments alongside shaping investor behavior.
Bitcoin halving has been associated with bull runs due to the timing. However, the crypto market has evolved with the introduction of multiple coins and tokens with their own trends and operational dynamics. The increased institutional adoption of cryptocurrencies would be one of the major factors for promoting the upcoming crypto bull run.
On top of it, estimates for the crypto Bull Run 2024 might become true with the burgeoning user base and development of new crypto projects. Innovative projects in the crypto landscape have the potential to disrupt many industries alongside creating new markets. Institutional investors could boost liquidity, while new crypto projects could encourage mass adoption with new use cases.
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Which Trends Would Fuel the Crypto Bull Run 2024?
The upcoming Bull Run in the crypto market would depend on many other factors beyond Bitcoin halving. However, the crypto Bull Run 2024 prediction also accounts for the impact of other trends. Let us take a look at the different trends that would push the crypto market towards a bull run in 2024.
The metaverse is one of the most prominent highlights at the forefront of the web3 and crypto landscape. By 2030, the metaverse market could be almost 10 times the size of the whole crypto market. New initiatives in the metaverse sector validate the possibilities of rising growth opportunities and a crypto bull run. The existing crypto Bull Run history does not have any type of involvement in the metaverse. On the contrary, the upcoming crypto bull run might witness the advent of big tech companies such as Microsoft, Amazon, and Apple in the metaverse market.
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Many GameFi projects had to bite the dust, thereby leading to the assumption that GameFi might be dead. The previous GameFi projects did not have any high-quality graphics, and most of them focused on the monetary aspects. When the games experienced more withdrawals than inputs, they eventually died out.
However, the crypto bull run coming in 2024 or 2025 might be motivated by a new perspective on GameFi. Rather than focusing on turning a few quick profits, it is important to build games that have immersive graphics and proper tokenomics. On top of it, GameFi also resolves the gamification issue, which ensures that players can enjoy their gaming experiences.
Non-fungible tokens are high-risk assets and have experienced a considerable reduction in trading volume during the crypto winter. NFTs could also serve as major factors for the rise of the upcoming crypto bull run. As of now, the drop in popularity of NFTs can be pinned on the lack of utility for NFTs. Developers do not provide a long-term roadmap for NFTs and their use cases.
On top of it, the crypto Bull Run 2024 prediction would also emphasize the trend of growing adoption of NFTs in the world of business and music. In addition, you also have the assurance of new developments in NFT standards alongside the rise of larger projects and developments in the NFT loan market.
Decentralized finance would also serve as a major trend underlying the possibilities for a crypto bull run in 2024. As of now, the amount of funds locked in DeFi solutions is same as the amount of funds held by large US banks. The next Bull Run in the crypto market would lead to formidable growth in the amount of funds locked in DeFi. In addition, the DeFi market would have more secure protocols alongside new versions of lending protocols and multi-chain services.
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Tokenization of Physical Assets
Another crucial trend among answers to When is the next crypto bull run 2024? is the tokenization of real-world assets. Big companies are working on projects for tokenizing individual subsidiaries. However, the tokenization of real estate assets such as properties and hotels is not feasible on a broader scale. At the same time, tokenization of physical assets would gain momentum during the upcoming Bull Run with new projects.
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How Can You Prepare for the Crypto Bull Run?
The evolution of the crypto market and introduction of new solutions create opportunities for a crypto bull run. However, it is important to follow essential preparatory measures for capitalizing on available opportunities. You can prepare for the upcoming crypto bull market in 2024 with the help of following pointers.
Hands-on Experience in Crypto
The best way to deal with the crypto bull run 2024 involves hands-on experience with cryptocurrencies. Beginners are more likely to think that they have time until the Bull Run to learn about the basics. On the contrary, you should familiarize yourself with the crypto market fundamentals for effectively navigating the market and making informed decisions. For example, you should understand how DeFi protocols work and how you can use centralized exchanges.
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Learn More about Multiple Chains
The doubts regarding crypto Bull Run history might lead you to believe that Bitcoin halving is essential for Bull Runs. On the other hand, you must recognize the continuously increasing levels of diversity in the crypto landscape. You can explore more chances of success through involvement with different chains.
Invest your time in researching and learning about different blockchain platforms, including Avalanche, BNB Smart Chain, Polkadot, and Solana. A comprehensive understanding of the strengths and setbacks of different blockchains could help in identifying effective projects and opportunities for investment.
Use Airdrops to Your Advantage
One of the most trusted techniques to prepare for the upcoming Bull Run in the crypto market involves airdrops. You can use airdrops as a cost-effective or free tool for building your crypto capital. Airdrops can help you get your hands on new projects. Subsequently, airdrops can help you reap promising rewards in the bull market.
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The trends in the crypto Bull Run 2024 prediction show that you would have multiple opportunities during the bull market. However, it is also important to familiarize yourself with the crypto landscape and emerging opportunities for capitalizing on the Bull Run. The Bull Run does not depend on Bitcoin halving only. It is only one of the major factors in the history of bull runs. Bitcoin halving is only one of the significant events in the crypto landscape.
However, Bitcoin’s halving has a formidable influence on the dynamics of the crypto market. At the same time, you must also note the impact of other factors on developing the bull market. The factors include growing institutional adoption of cryptocurrencies and DeFi or the arrival of new NFT projects. Learn more about cryptocurrencies and find the ideal solutions to prepare for the crypto bull market in 2024.
*Disclaimer: The article should not be taken as, and is not intended to provide any investment advice. Claims made in this article do not constitute investment advice and should not be taken as such. 101 Blockchains shall not be responsible for any loss sustained by any person who relies on this article. Do your own research!
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