Is Crypto Market Poised for a Rebound? 5 Factors Driving the Next Bull Run

Two years ago, the crypto market was flourishing, and numerous crypto enthusiasts started investing, taken by the excitement surrounding it. 

It was the time when institutions and huge brands started accepting cryptos as a way of payment, recognizing their potential. Last year was disastrous and stressful for many reasons, and now the investors are wondering what could be driving the next bull run in the hope of preparing for it in time. 

This article will include the five most important factors that could drive it, but we will also include Wall Street Memes (WSM), Sonik Coin($SONIK), Launchpad XYZ (LPX), and Digitoads ($TOADS) – the most popular cryptos on presale to buy before the next bull run begins!

5 Key Reasons For Sparking The Bull Run

The crypto market is constantly changing, which can be an exciting challenge but also the cause of many disappointments. Looking at the first and the most important crypto, Bitcoin (BTC), and the analysis of its price pattern, positive changes are expected to occur in late 2024 or at the beginning of 2025. Since that is a period of roughly one year, preparing the terrain for that period is essential for maximizing profit. Here are the factors that will likely drive the next bull run!

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1. Strengtening the reputation of cryptos

The increased adoption of Bitcoin and Dogecoin has certainly led to a strengthened reputation of cryptos globally. Dogecoin was made just as a joke and is now listed as the official payment method for Tesla vehicles, which says volumes about its importance now. This is why it is necessary to think ahead of the bull run and invest in cryptos that are just beginning their journey. 

Wall Street Memes is the meme coin that has gathered a huge community of more than one million members and could easily repeat the success of Dogecoin judging by its success so far. The presale performance has surpassed all the predictions, raising over $25 million in funding—an accomplishment that stands as the year’s most significant meme coin presale thus far in 2023. 

Investors are highly interested as the project positions itself as the top candidate for the biggest coin CEX launch in Q3 2023. Moreover, there’s a distinct signal that investors could potentially unlock substantial gains through WSM, especially the early investors, since the price pump is expected to occur right after the listings, making it ideal for investing before the next bull run!

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2. Using cryptos as a way to fight inflation

The inflation reached 10.6% in October 2022, and it made many people uneasy. This year, this percentage lowered to 8.3% in March. Investors are looking for new ways to secure their funds, and one of the ways is investing in cryptos that show real potential for growth. The volatility of the crypto market is something that shouldn’t be disregarded, but with the whole financial market going through a crisis, investing in cryptos can prove to be the right solution. 

The popularity of meme coins lately brought more attention to the cryptos such as Sonik.  Inspired by SEGA’s iconic Sonic the Hedgehog franchise, Sonik Coin captures the essence of meme coins while maintaining its independent identity. This unique cryptocurrency embodies swiftness and fuses it with meme-like humor, aiming to scale to a $100 million market cap rapidly. The project fosters a vibrant community of meme enthusiasts, enhancing its feasibility.

While Sonik prioritizes entertainment, it has a strategic trajectory. The initial phase introduces Sonik’s artwork, presale, and staking. Phase two involves Sonik’s official launch on Uniswap, offering staking rewards that could trigger price surges. Phase three focuses on building the Sonik Universe and a strong community. Early investors enjoy substantial benefits, making this an opportune moment to get involved.

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3. Increasing adoption of Web3

Web3, also referred to as the third iteration of the World Wide Web (WWW), is presently under development, and its development will surely attract an increased number of investments. Ultimately, it will drive the bull run investors are eagerly awaiting.  Envisioned as a decentralized and unrestricted online platform, it aims to provide users with enhanced functionality and capabilities, but just like any other novelty, it brings confusion to most people. People are now in need of a platform that will bring the right information and simplify the delivery of all the information that one investor needs. 

Launchpad XYZ aims to revolutionize digital asset investment accessibility, catering to a broader audience than ever. This platform simplifies buying, selling, and managing digital assets through a user-friendly interface, ensuring security via advanced measures. The array of features offers diverse investment options backed by comprehensive analysis, aligning assets with investors’ goals. 

Integrating artificial intelligence (AI) into investment journeys offers manifold benefits. Launchpad XYZ leverages AI to provide answers swiftly, streamlining the process of selecting viable cryptocurrencies for investment. Users can promptly access clear recommendations, minimizing time spent contemplating options while maximizing the results. 

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4. Highlighting the practicality of cryptocurrency protocols

A crypto protocol constitutes a collection of regulations and processes that oversee how participants engage within a decentralized network. Typically available as open-source systems, these protocols are characterized by transparency, permitting individuals to inspect and authenticate the fundamental code. With the growing adoption of cryptos, the increased transparency, and the utility that will benefit the users, it will be easier for people to take the plunge and start actively investing. 

DigiToads (TOADS) employs Play-to-Earn (P2E) via blockchain and gaming, enabling players to earn tangible rewards. This fusion of gaming and crypto has garnered significant attention, luring both gamers and crypto enthusiasts. It’s a good choice for those eyeing captivating gameplay and long-term growth potential.

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5. Bitcoin Halving

With Bitcoin Halving scheduled for April 2024, the price increase is just around the corner, and the bull run will likely occur in this period. This means that it is essential to buy the most prosperous cryptos now and enjoy watching their values soar. 

Conclusion

Given the predictions that the analysts are giving regarding the next bull run, making smart moves now is crucial. By investing in WSM, $SONIK, LPX, and $TOADS, you can gain a significant advantage once the crypto market reenters a phase of vigorous growth!