Crypto bull runs are periods of significant growth in cryptocurrencies like Bitcoin, often breaking previous all-time highs. They’re driven by increased demand for digital currencies, institutional adoption, favorable news, and other actions and events. The duration of a crypto bull run can be difficult to predict, as the crypto market is highly dynamic and subject to frequent fluctuations. However, some factors indicate that the next crypto bull run may be underway.
In the wake of a cryptocurrency bear market that left many investors feeling burned, it’s hard to know when the next crypto bull run will begin. While nobody can say for sure, experts have identified a few key catalysts that could spark a new bull cycle.
First and foremost, a Bitcoin ETF approval would likely cause significant growth in the crypto markets, especially among institutions. Grayscale Investments recently announced that it’s seeking regulatory approval for a Bitcoin ETF, and if successful, it would likely result in over $10T in new capital flowing into the crypto markets.
The next crypto bull run could also be fueled by a growing interest in blockchain technology and decentralized applications. In particular, the Ethereum platform is poised for substantial growth in 2024. Its 2.0 upgrade is expected to boost the network’s speed, scalability, and security, making it an ideal base currency for new projects. The upgrade could also spur a new wave of Ethereum-based DApps, potentially propelling the platform to even greater heights.
Finally, the rise of artificial intelligence in the blockchain space is another factor that could drive the next crypto bull run. Projects that incorporate AI into their core functionality and deliver services that make use of the technology are likely to experience strong gains, particularly if they’re well-positioned for mass adoption by consumers.
If you’re looking to invest in the next crypto bull run, it’s important to do your research and choose a reputable broker that takes security seriously. One option is SoFi Invest, which offers low-cost, secure trading of popular cryptocurrencies like Bitcoin and Ethereum. SoFi Invest offers 24/7 trading and provides several layers of security to protect investor funds.
Additionally, if you’re interested in learning more about the new entrants that are poised for a bull run, be sure to check out ApeMax. This new coin features a groundbreaking tokenomics model that allows holders to boost entities they’re fans of and earn rewards transparently. It’s currently on presale, so be sure to read the whitepaper and join its Telegram channel to stay informed about its progress ahead of the next crypto bull run.