What to Expect from the Next Crypto Bull Run in 2024?

Welcome to the world of cryptocurrency, where the only constant seems to be change itself.

Volatility is common in the world of digital assets, but this guide explores predictions, strategies, and promising altcoins for investors. While we cannot predict the future with certainty, trends like the GameFi boom, which combines blockchain technology with gaming to offer players ownership perks and earning opportunities, can provide insights into potential market movements. The GameFi industry has seen significant growth, with a total locked value of $18.5 billion. 

GameFi has a promising future in the upcoming bull market because of its combination of gaming and decentralized finance. It provides users with the chance to earn rewards, NFTs, and in-game assets while participating in gaming activities. 

With the rising popularity of digital assets and the continual growth of the gaming industry, GameFi offers an attractive opportunity to gamers that aligns with the play-to-earn models and blockchain integration trends. This has generated considerable interest and investment in the sector.

As gaming continues to evolve and intertwine with the world of cryptocurrency, we’re seeing a whole new realm of possibilities emerge. Enter $PIKA, one of the rising stars in the world of gaming tokens. With its unique blend of gaming utility and blockchain technology, $PIKA is positioned to capture the hearts and wallets of gamers worldwide, making it one to watch as the bull run heats up.

Bitcoin is considered a pioneer in the cryptocurrency world. The market is closely watching its upcoming halving event, which has a history of positively affecting prices. Investors are monitoring how this will impact the next bull run.

Historically, Bitcoin halvings have been associated with massive surges in price as the supply of new coins entering the market is slashed in half. Will history repeat itself once again? 

What Will Fuel the Next Crypto Bull Run?

The next bull run in the cryptocurrency market will be ignited by a perfect storm of game-changing events. One of the key drivers will undoubtedly be the highly anticipated Bitcoin halving. 

Bitcoin halving is a significant event that takes place every four years in the cryptocurrency market. During this event, the rewards given to miners for validating transactions are reduced by half. The purpose of this event, programmed into the Bitcoin protocol, is to establish a finite supply of Bitcoin, with a maximum cap of 21 million coins.

Historically, the event has historically triggered substantial price rallies due to its ability to generate heightened investor interest and speculation. Given its past impact and current market conditions, there are strong indications that it will drive similar price surges once again.

The recent approval of spot Bitcoin ETFs in the US market is a game-changer. These ETFs offer traditional investors a much smoother path to dive into Bitcoin, unlocking a floodgate of fresh capital that will dwarf anything we’ve seen in previous bull runs.

However, what really sets this bull run apart is the rise of GameFi. The combination of gaming and DeFi has sparked interest among investors globally. With GameFi on the rise, we’re looking at a whole new demographic of investors entering the fray, drawn in by the promise of combining their passion for gaming with the potential for financial gains.

When you combine these factors together, it’s clear that we’re on the cusp of something truly extraordinary in the crypto world. The upcoming crypto bull market won’t just be driven by the usual suspects; it’ll be fueled by a perfect storm of innovation, accessibility.

When is The Next Crypto Bull Run?

Based on what we’ve seen in the past, The crypto market is expected to experience another exciting period around 2024. Bitcoin will lead the charge in a new bull run that gains traction throughout the year and peaks by late 2025. 

Timeline of Crypto Bull Markets

Let us take a look back at the historical journey of cryptocurrencies, exploring the volatile fluctuations they have experienced over time.

• 2011 to 2013 – The Pioneer Surge: Europe’s in a financial pickle, Cyprus is in crisis mode, and suddenly, Bitcoin’s shining like a beacon of hope. That’s the gist of the 2011-2013 bull market. It wasn’t the first rodeo for crypto bulls, but it sure turned heads, with folks flocking to Bitcoin as a safe haven from traditional finance chaos.

• 2015-2017 – Bitcoin Goes Mainstream: Fast forward, and Bitcoin’s starting to feel like a celebrity. It had its rough patches with Mt. Gox and Silk Road, but by 2015, it was strutting its stuff in the $200-$300 range. Then, out of nowhere, it goes supernova in late 2015, hitting $670 by December 2017. What gives? Well, the media’s got a lot to do with it. Bitcoin’s garnering attention in the headlines, and suddenly, everyone desires a share of the action.

• 2020-2021 – The COVID Rollercoaster: COVID era – a time of uncertainty, but also, opportunity. Bitcoin’s on a tear from September 2020 to November 2021, riding the wave of digital payments’ popularity. With the world going cashless and crypto gaining street cred, prices go through the roof. But as they say, what goes up, must come down. And it came down hard in the crypto winter of 2022.

So, there you have it – a whirlwind tour of crypto’s bull markets. Buckle up, because who knows where the next ride will take us!

5 Top Altcoins For the Next Bull Run

Let’s dig in what other altcoins have to offer in the upcoming crypto bull market.

Pikamoon ($PIKA)

Web3 gaming is on the verge of exploding, and one project investors are particularly excited about is Pikamoon and its native token, $PIKA. While giants like Axie Infinity and The Sandbox have already made waves with billion-dollar market caps, $PIKA enters the scene with a humble $10 million valuation at launch, meaning similar 10-figure growth patterns could be in store.

With $PIKA as its fuel, Pikamoon offers players entry into the breathtaking virtual world of Dreva, where they can trade, earn, and spend tokens, as well as collect exclusive NFTs with play-to-earn benefits. 

The game boasts various gameplay modes, catering to a diverse range of gaming preferences, from online multiplayer battles to solo campaigns and free-roaming adventures.

Right now, $PIKA is in its soon-to-sell-out Presale phase, with only 15% of its total supply up for grabs. With less than a quarter remaining, this presents a golden opportunity to get in on the ground floor (i.e. the token’s bottom). 

What’s more, developers have promised a potential boost—a 16% pump—once $PIKA hits major crypto exchanges – going from $0.0006 to $0.0007 instantaneously.  

To add even more urgency, Pikamoon has recently announced a 60-day countdown which signals the approaching end of its Presale in April…meaning the clock is ticking for savvy investors to seize this opportunity. 

Exciting news awaits $PIKA investors, As it gears up for listing on more crypto exchanges, accessing and securing the token will become even easier. Whether you prefer using software like MetaMask or hardware options like Ledger, rest assured, your investment journey will be both convenient and secure.

DogeCoin (DOGE) 

Dogecoin, affectionately dubbed “DOGE,” began its journey as a lighthearted meme cryptocurrency but swiftly evolved into a noteworthy digital asset boasting a dedicated following. Originating in 2013 as a playful spoof of Bitcoin (BTC), Dogecoin adopted the iconic Shiba Inu dog from the popular “Doge” meme as its mascot.

Despite its humorous beginnings, DOGE has experienced remarkable growth. In 2023 alone, Dogecoin saw a substantial increase of 34.71%, underscoring sustained interest and investment in the coin. 

Throughout its existence, Dogecoin has achieved an impressive overall appreciation of 627.40%, with a staggering 4,916.03% surge over the past five years.

Elon Musk, the influential CEO of Tesla and SpaceX, has emerged as one of Dogecoin’s most vocal proponents, boldly proclaiming the meme coin as “better than Bitcoin.”

No one understands money better than Elon Musk. 💸

“Dogecoin is better suited for transactions as compared to Bitcoin” – @elonmusk pic.twitter.com/edPBROHDUo

— DogeDesigner (@cb_doge) February 2, 2023

What sets Dogecoin apart is its vibrant community and widespread use in online tipping and charitable giving. Built on the foundation of Litecoin (LTC) and powered by a Scrypt algorithm, Dogecoin boasts faster and more energy-efficient mining capabilities. Moreover, its low transaction fees, typically under a cent, and rapid confirmation times make it an attractive choice for micro-transactions and casual online transactions alike.

Dogecoin’s journey from meme to mainstream underscores the power of community and the allure of a fun, approachable cryptocurrency with practical utility.

Ripple (XRP)

XRP has experienced a resurgence in investor confidence following a significant legal victory against the U.S. Securities and Exchange Commission, which had alleged it was an unregistered security. This triumph has reignited optimism surrounding the Ripple coin.

However, XRP stands out as a swift and cost-effective solution for cross-border transactions, offering a more economical alternative to conventional methods. Its impressive transaction speed makes it particularly adept at handling micro-payments with efficiency. 

Recently, Prominent figures such as @0xsushi on X have voiced strong optimism regarding the future of XRP, envisioning it as the standard for all digital assets in the coming decade.

Ripple Labs, the driving force behind XRP, has announced plans to integrate automated market makers into the XRP Ledger, aimed at enhancing liquidity and trading performance. This strategic move has elicited varied reactions within the XRP community; while some express concerns about potential stability issues, others anticipate improved liquidity.

Looking ahead, these developments are anticipated to bolster XRP’s standing as a significant player in the global cryptocurrency arena, contributing to its remarkable comeback narrative.

Uniswap (UNI)

Uniswap (UNI) has established itself as the leading decentralised exchange globally, with its total-value-locked metric projected to rise steadily, indicating a positive outlook. This decentralised exchange platform enables users to swap cryptocurrencies directly, bypassing the need for traditional financial intermediaries. This feature positions Uniswap advantageously in the expanding market for decentralised solutions.

In a recent development, UNI underwent a significant upgrade to Version 4, underscoring its commitment to enhancing user experience. Notably, the introduction of “Hooks” stands out as a game-changing addition to automated market maker exchanges. This feature grants developers greater flexibility to interact with asset pools in innovative ways, thereby enriching the platform’s appeal and functionality.

Uniswap Labs remains dedicated to its decentralised ethos by prioritising community engagement. This approach ensures that the platform evolves in alignment with the needs and preferences of its user base, solidifying its position as a responsive and user-centric entity within the decentralised finance sector.

Polkadot (DOT)

Polkadot (DOT) stands out as a cutting-edge blockchain protocol, paving the way for a new era of decentralised internet infrastructure. Its revolutionary design enables seamless communication and transaction exchange between independent blockchains, all without the need for trust. 

This innovation is powered by Polkadot’s distinctive consensus algorithm, setting the stage for a fully decentralised and private web controlled by its users. Moreover, Polkadot’s interoperability aims to streamline the development process for new applications and services, fostering innovation and creativity within the ecosystem.

Recent data indicates a significant uptick in user activity within the protocol. According to The Block data dashboard, there has been a notable surge in the daily count of new addresses, reaching a peak of 7,120 on Christmas day. 

This surge marks the highest single-day count recorded since the beginning of the year, underscoring the growing interest and engagement within the Polkadot community.

Furthermore, DOT has demonstrated impressive growth in value over the past year, with a remarkable one-year rise of 100.50%. This substantial increase positions DOT as one of the top altcoins to consider acquiring, particularly during a bullish market trend. 

As Polkadot continues to innovate and expand its capabilities, it remains a compelling asset for investors seeking exposure to the evolving landscape of blockchain technology.

Trends That Will Affect The Crypto Bull Run in 2024

As we look forward to the upcoming crypto bull run in 2024, it’s clear that several key trends beyond Bitcoin halving will shape the market’s trajectory. Let’s explore these factors that are expected to drive the crypto market towards a bullish phase in the coming year.

1. The Rise of the Metaverse:

One of the most talked-about trends in the crypto world is the emergence of the metaverse. This virtual reality space is gaining traction, with predictions suggesting it could become ten times larger than the entire crypto market by 2030. 

Recent initiatives in the metaverse sector hint at significant growth opportunities, including the potential entry of tech giants like Microsoft, Amazon, and Apple into the market.

2. GameFi’s Evolution:

While GameFi projects have faced challenges in the past, there’s renewed optimism surrounding the sector. Instead of focusing solely on quick profits, developers are now prioritising immersive gaming experiences and robust tokenomics. 

Projects like Pikamoon personify this shift, offering visually stunning graphics and engaging gameplay while integrating token-based incentives to enhance the gaming experience. The likes of The Sandbox, Axie Infinity, and Illuvium amassed huge growth in 2021, with Pikamoon set to replicate this in 2024. 

3. NFT Revival:

Despite a downturn in trading volume during the crypto winter, non-fungible tokens (NFTs) are expected to play a crucial role in the next bull run. The lack of clear long-term utility and use cases has hindered NFT adoption in the past. 

However, the upcoming bull run could see a resurgence in NFT popularity, driven by increased adoption in industries like business and music, as well as advancements in NFT standards and innovative project developments.

4. The Dominance of DeFi:

Decentralised finance (DeFi) continues to be a significant trend shaping the crypto market. With the value locked in DeFi solutions rivalling that of major US banks, the next bull run is expected to see further growth in DeFi adoption. 

Improved security protocols, evolving lending mechanisms, and the expansion of multi-chain services are set to strengthen DeFi’s position in the crypto ecosystem.

5. Tokenization of Real-World Assets:

Another trend to watch out for is the tokenization of physical assets. While challenges remain in tokenizing large-scale real estate assets, progress is expected during the upcoming bull run. Major companies are exploring projects to tokenize subsidiaries and assets, paving the way for broader adoption of tokenized physical assets in the crypto market.

These trends highlight the dynamic nature of the crypto market and the potential for significant growth during the anticipated bull run of 2024. With innovations across various sectors and renewed investor optimism, the stage is set for an exciting period of evolution in the world of digital assets.

How Can You Prepare for the Crypto Bull Run?

To effectively prepare for the anticipated crypto bull run in 2024, it’s essential to undertake certain preparatory measures to capitalise on the available opportunities. Here are some key pointers to consider:

Handful Experience in Crypto:

Instead of waiting until the bull run begins, it’s crucial to gain hands-on experience with cryptocurrencies as early as possible. Understanding the fundamentals of the crypto market, including how DeFi protocols function and how to utilize centralized exchanges will empower you to navigate the market confidently and make informed decisions when the time comes.

Learn About Multiple Tokens:

While some may believe that Bitcoin halving is the sole catalyst for bull runs, it’s important to recognize the increasing diversity within the cryptoverse. Take the time to explore various tokens, including emerging projects like $PIKA, Ripple, Cardano, and Dogecoin. 

Understanding the unique strengths and weaknesses of different blockchains will enable you to identify promising investment opportunities beyond just Bitcoin.

Utilize Airdrops to Your Advantage:

Airdrops can be a valuable tool for building your crypto portfolio without significant financial investment. By participating in airdrops, you can acquire tokens from new projects at little to no cost. 

These tokens may appreciate in value during the bull market, providing you with promising returns. Keep an eye out for airdrop opportunities and take advantage of them to bolster your crypto holdings.

By following these preparatory measures and staying informed about the evolving crypto market, you can position yourself to make the most of the upcoming bull run. Remember to continue learning and adapting to changes in the market to maximize your potential for success.

What Could Go Wrong?

Despite some recent optimism in the economic outlook, there’s a lingering sentiment among analysts that the US economy might not escape a mild recession entirely. In such uncertain times, it’s challenging to forecast how Bitcoin and other cryptocurrencies would fare amidst serious macroeconomic turmoil. 

However, it’s plausible that crypto assets could face downward pressure as investors seek safe havens for their capital.

On the other hand, there are notable voices in the crypto space, such as Kraken CEO Jesse Powell and Galaxy Investment Partners CEO Mike Novogratz, who hold a bullish outlook for Bitcoin. They argue that Bitcoin’s unique characteristics, including its resistance to government-led monetary policies and its global acceptance, could propel its price to unprecedented heights, so potentially BTC is reaching $1 million.

While the economy remains uncertain and traditional financial markets experience turbulence, the future path of cryptocurrencies, particularly Bitcoin, remains a topic of heated debate among investors and analysts alike.

It’s a Wrap!

There are plenty of chances for investors to seize opportunities and potentially reap rewards. One such opportunity lies with PIKA, a gaming token that’s still in its early ICO stage. What makes PIKA particularly intriguing is its launch market cap, which is 30 times smaller than its competitors. 

This suggests there’s plenty of room for growth in the coming months, offering the potential for significant profits for those willing to take the plunge.

Moreover, Pikamoon has launched its 60-day Presale countdown, signalling the impending conclusion of this massively discounted phase. With the Presale set to end in 60 days, investors have a limited window to participate and secure their stake in this promising project.

Success in the cryptocurrency market requires careful consideration and a willingness to adapt to changing conditions. By staying informed and making informed decisions, investors can position themselves to take advantage of the opportunities presented by the next bull market. Happy Investing!

FAQs

1. What is $PIKA and Why Should I Invest in It?

$PIKA is a native token of Pikamoon, a gaming project integrating blockchain technology. It offers entry into the virtual world of Dreva, providing opportunities to trade, earn, and collect exclusive NFTs. With its innovative approach to gaming and potential for significant gains, $PIKA presents an exciting investment opportunity amidst the crypto bull run.

2. How Can I Prepare for the Next Crypto Bull Run in 2024?

To prepare for the anticipated crypto bull run, gaining hands-on experience in crypto early, understanding various tokens beyond Bitcoin, and utilizing airdrops can be beneficial. Staying informed about the market trends and adapting to changes will help investors maximize potential returns during the bull run.

3. What Are the Top Altcoins to Consider During the Next Bull Run?

Altcoins like $PIKA, Dogecoin, Ripple, Uniswap, and Polkadot are among the top contenders to watch during the next bull run. Each offers unique features and potential for growth, making them attractive investment options alongside Bitcoin.

4. How Does GameFi Impact the Crypto Market’s Bull Run?

GameFi, the fusion of gaming and DeFi, is expected to play a significant role in driving the next crypto bull run. Projects like Pikamoon demonstrate the potential for gaming tokens to attract a new demographic of investors, drawn in by the promise of combining gaming passion with financial gains.

5. What Are the Key Trends Expected to Influence the Crypto Bull Market of 2024?

The rise of the metaverse, evolution of GameFi, revival of NFTs, dominance of DeFi, and tokenization of real-world assets are among the key trends expected to shape the crypto market’s trajectory in the upcoming bull run. Understanding these trends can help investors make informed decisions during volatile market conditions.