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Attention turns to cryptocurrencies to put money in the next bull run after the sudden surge in Bitcoin’s price. This Bitcoin’s surge is not unique; other cryptocurrencies have also followed the same trend. This steady trend in investments gives rise to hope for a strong bull run and now is the perfect time for investors to load up on the appropriate cryptocurrency investments.
Furthermore, the enthusiasm around spot Bitcoin exchange-traded funds and the projected Bitcoin halving in May 2024 serve to reinforce the enthusiasm. According to forecasts like Standard Chartered’s $100,000 Bitcoin estimate, the cryptocurrency market is expected to experience rapid development shortly. Having said that, the top cryptocurrencies to buy for the upcoming bull run are listed below.
If you’re new to cryptocurrencies, you might have heard people refer to a “bull run” but you can’t understand what they mean. In simple terms, a bull run occurs when there is a steady rise in market prices, frequently driven by heightened investor demand.
When the market is in a bull run, investors are more inclined to take chances and put their money into high-risk, high-reward assets like cryptocurrencies.
To decide whether or not we’re in a crypto bull run, a few of these requirements need to be met. They are as follows:
This year has seen a phenomenal run for Bitcoin, with a startling 170% increase. In addition, Bitcoin is expected to maintain its current momentum throughout the upcoming year due to a historic halving event that is probably going to spark a historic rise. According to Standard Chartered’s projection, Bitcoin will have increased three times from its present value to an eye-catching $120,000 by year’s end.
Global economic conditions can result in rate reductions, supporting Bitcoin’s bullish outlook and supporting expansionary monetary policies. Furthermore, given the limited supply of Bitcoin and the growing global usage of cryptocurrencies, an upward price trend seems likely. As a result, it seems more likely than ever that Bitcoin will see substantial growth, making it an obvious investment at this moment.
The second-biggest cryptocurrency by market capitalization, Ethereum (ETH-USD), is essential to the fields of Web 3.0 and smart contracts. Furthermore, its adaptability in facilitating a wide range of decentralized computing operations puts it at the forefront of the quickly growing Web 3.0 phenomena and promotes wider acceptance of cryptocurrencies. Additionally, the Ethereum Virtual Machine (EVM) differs from Bitcoin in a way that it allows for a wider range of decentralized apps and services, whereas Bitcoin is more focused on peer-to-peer payment functionality.
Despite a triple-digit gain in value over the last year, Solana (SOL-USD) is still behind its all-time highs. Solana is gaining popularity due to its assurance that it will solve Ethereum’s speed and fee constraints, and it still has enormous long-term potential.
Solana has demonstrated its resilience and long-term growth trajectory over the last six months, despite challenges related to the FTX event. Furthermore, the launch of the Saga phone, a daring entry into the mobile cryptocurrency market, demonstrates its creative thinking and goal to keep adding new chapters to its success stories. As digital currency technology continues to advance quickly, the objective is still to increase its impact and usefulness in the market.
Uniswap (UNI-USD) is the largest decentralized exchange in the world and its total value locked in the figure is projected to expand over time. Its development narrative is further enhanced by its capacity to facilitate direct crypto exchanges, bypassing traditional financial intermediaries. This feature holds significant importance in the financial industry, as decentralized solutions are becoming more and more popular. At the moment, Uniswap is one of the best crypto for bull run
Zilliqa (ZIL-USD) stands out in the market as the first cryptocurrency network to use shading—a technique that involves dividing transactions into smaller groups for parallel verification. Therefore, transactions become quicker and more economical in comparison to industry titans like Ethereum or Bitcoin. This technical advantage is complemented by Zilliqa’s alluring staking rewards, which now offer an annual percentage rate of 13.2%. Because of this characteristic and its low price, ZIL is a desirable long-term investment for cryptocurrency enthusiasts. Zilliqa is the pioneer in the crypto space when it comes to the notion of sharding, which improves scalability and transaction speeds.
This list of cryptocurrencies has been carefully curated and has the potential to grow but it is not investment advice so you shouldn’t depend solely on this list. Before making any decision, conduct your research.
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