As the market prepares for the next bull run, crypto enthusiasts continue to look for the next crypto project poised for exponential growth. They are looking for ways to maximize profits by investing in the right sectors and profitable coins.
This report by Coinpedia compiles all the ways to multiply your profits 100x in the upcoming bull market. Let's take a closer look!
What is a bull run?
A bull market, or bull market, is a period when the majority of investors are buying, prices are rising, and demand exceeds supply. At this stage, market confidence is very high and prices are trending upward rapidly. The occurrence of such a scenario indicates that most investors are optimistic or “bullish” about further price increases.
It marks the beginning of a bull market! Bull market prediction plays a very important role. Investors and analysts wait for signs of a market revival, hoping for the next wave of bull markets.
The next bull market is expected to occur in 2024 due to events such as the Bitcoin halving. One of the main indicators of a potential bull market is the Bitcoin halving, which occurs approximately every four years. Separately, the Ethereum 2.0 upgrade promises significant improvements in project scalability, security, and efficiency, which will attract more stakeholders and elevate the cryptocurrency market.
Experts predict the next bull market could be the biggest on record. We are here to guide you in the same so that you can make maximum profit from it.
Why will the next crypto bull market start in 2024?
Experts predict that the next biggest bull market in history could occur in 2024. Possible reasons for the same are:
The main indicators of the 2024 bull market will be influenced by the king of cryptocurrencies. The Bitcoin halving event is scheduled for April 2024, and expectations are high among investors and enthusiasts. This scenario occurs every four years and coincides with a clear bull period in the cryptocurrency industry. The number of newly minted Bitcoins decreases, causing a surge in demand.
Ethereum 2.0 upgrade is coming soon, with improvements such as increased scalability, security, and energy efficiency. Enhancements such as Shanghai upgrade and proto-dank sharding will attract more investors. This will likely increase the demand for the crypto sector.
The macroeconomic situation, especially the evolution of the global liquidity situation, already suggests favorable conditions for the cryptocurrency market. With the advent of spot ETFs, the cryptocurrency sector is set to benefit from increased mainstream adoption. Advances in technology have also led to more and more investor participation. It may absorb more cryptocurrency enthusiasts.
The evolving cryptocurrency market in 2024 brings a variety of scenarios. This cycle may see Bitcoin price rise above all-time highs. Prices may also fall due to market corrections. Market leadership can be redefined by many development projects coming into the spotlight, like the ascension evolution of his DeFi protocol by Solana. With these trends, we can definitely expect a bull market in 2024.
- Bitcoin halving and Ethereum 2.0 confluence
The perfect combination of the Bitcoin halving event and the Ethereum 2.0 upgrade creates a solid foundation for the upcoming bull market.
The world of cryptocurrencies has seen significant advances in infrastructure, resulting in a more powerful ecosystem. This maturity allows dApps to attract users who are interested in utilities but not in anything else. The evolution of the space will stimulate growth in the crypto space, leading to the possibility of a bull market in 2024.
According to reports, many small countries and isolated regions have started adopting cryptocurrencies. The convergence of AI and cryptocurrencies is creating innovative solutions that are attracting a growing number of users. It is expected to grow further in 2024!
Main strategy How to maximize profits in this bull market
The last bull market started in the late 2020s and ended with Bitcoin price reaching the $69,000 level. Four-year cycle theory suggests the next bull market will be in his 2024. We've put together some strategies to help you make 100x your profits during the next bull market.
- educate yourself
Take the time to read various projects and whitepapers about upcoming tokens. Thorough coverage of the cryptocurrency and blockchain market. For example, Liquid Staking (LSD) has become his biggest DeFi star in 2023. LSDFi was predicted by many experts to be the next big thing. Educating yourself will help you make better informed decisions, identify future triggers, and develop better navigation skills in the quiet of the cattle drive.
- Stay informed
Stay up to date with what's happening around you. LSD, real world assets, meme coins, regulation and more! Before you sow your seeds, you need to get basic information like the nature of your soil and the amount of water your plants need, right? Similarly, to withstand the pressures of a bull market, update your plants with every minor update. is needed. Let's hit the market! Get started now!
- Investment purpose
Are you looking for short-term fluctuations or long-term opportunities? You need to understand your investment goals well and pool your funds accordingly. Setting clear goals will help you understand what your main objectives are and prevent you from getting swayed by market hype. Helps you stay focused!
- Never invest more than you can lose
Never go too far in hot weather. Risks are high in the crypto sector, so it is better to make wise decisions instead of working under the influence of emotions due to bull market turmoil.
- dior
Always do your own research before investing. Dig into technical analysis including trends, charts, and white papers. Control your emotions and only put effort where it's worth it. Many people will argue that it is the best. Proper research must be done to identify the strengths and weaknesses of the project.
- Altcoins to consider ahead of the next bull market:
- Ethereum: It is well known that ETH is the second largest cryptocurrency by market capitalization. It is a major player in smart contracts and Web 3.0. Ethereum is believed to outperform Bitcoin during the next bull market. Considering all this, the Bitcoin halving event in April 2024 is the only surefire news for a bull market for the crypto market. With that in mind, we expect ETH to track similar to Bitcoin and potentially issue a new ATH of $6,500. 2024. However, if the global economic outlook for 2024 is unstable, ETH may struggle to reach ATH and as a result, the average ETH price in 2024 is predicted to be $4,500. The low for ETH in 2024 is predicted to be $1,800, as ETH may struggle to regain its previous high if the global economic situation worsens in 2024.
- Cardano: ADA is one of the best performing cryptocurrencies on the market. It has soared 165.13% in 2023 and 677.65% since its establishment. Cryptocurrency enthusiasts are extremely optimistic about Cardano's potential to rise by 6000% in the upcoming bull market.
- Dogecoin: A humorous memetic crypto, Dogecoin has quickly become a notable digital asset with a loyal community. Despite its meme-related origins, DOGE has seen impressive growth. In 2023, Dogecoin recorded an increase of 34.71%, reflecting consistent interest and investment in the coin. Dogecoin has achieved a staggering all-time high of 627.40% over its lifetime, and has soared 4,916.03% in the past five years. We expect the 2024 bull market to be very profitable.
- Ripple: XRP is a fast and efficient solution for cross-border transactions, offering a cheaper alternative to mainstream methods. The company recently won a legal battle with the U.S. Securities and Exchange Commission, restoring investor confidence. XRP is poised to rule again and bet on the token in the next bull run. Keeping in mind the crypto bull market and Ripple’s positive litigation outcome, we predict an increase in XRP price. Therefore, expert XRP price predictions predict the price to be $1.80 by the end of 2024. Depending on the outcome of the lawsuit and the state of the crypto market, the price could rise further and reach $3.10.
- Sectors to choose during the next bull market
We bet on the top three sectors for the 2024 bull market.
- Layer 2 scaling solution
Layer 2 solutions faced challenges in 2023 but are expected to recover in 2024. With upgrades, lower costs, and increased speeds like Ethereum Kacun, Layer 2 solutions are expected to attract significant capital and user activity. This could trigger a bull market as more scalable and efficient blockchain solutions are provided.
- Real World Assets or RWA
RWA saw a huge jump in capital in 2023, with TVL increasing by an impressive 700%. Protocols that facilitate RWA trading, such as Polytrade ($TRADE) and Clearpool Finance ($CPOOL), have seen year-to-date growth of 1038% and 277%, respectively. This trend is likely to accelerate in the coming year as more assets become digital, appealing to financial institutions seeking innovative investment opportunities and sparking the next bull market.
Source: CoinmarketCap
- AI coin
In 2023, AI coins successfully captured the market. The success of AI-powered technologies has accelerated AI-driven projects. We have seen notable performance by coins such as RNDR, AGIX, and OCEAN. In 2023, interest in AI coins increased, with tokens like RNDR, AGIX, and OCEAN reaching impressive heights of year-to-date growth of 1050%, 646%, and 234%, respectively.
This exuberance, driven by advances in AI and the performance of tech stocks like Nvidia, suggests a solid trajectory into 2024. This AI craze, fueled by breakthroughs in machine learning and GPU technology, is setting the stage for 2024, which could see these coins take traction. The bull market is growing as the integration of AI and blockchain technology increases, potentially revolutionizing sectors from finance to gaming.
- diversify
It's always a good idea not to put all your eggs in one basket. In a bull market, be prepared to diversify your portfolio and invest in different types of projects. That way, if one fails, the other will save you.
- Never work with emotion
Emotional investing can be risky. Don't rush to invest emotionally when you see the market going up. Stop, analyze, and invest! We understand that the peak of a bull market may influence him to invest only once. However, don't do this without leveraging your analytical skills.
- Plan your exit strategy
Always plan your exit strategy. Rather than investing relentlessly and endlessly, experts suggest exiting the market once you have achieved your commitments and goals. The market can go down at any time, so it's important to plan an exit strategy.
Coinpedia has compiled the top 10 ways to efficiently profit 100x during the next bull market. We recommend that by following these strategies, you could potentially win big from the 2024 bull market.
