Exciting times ahead! In comes the new crypto bull run, one of the most highly anticipated events that has over 400 million people worldwide looking in.
Why? Well, Bitcoin recently broke the $50,000 mark for the first time in two years, marking a significant milestone in the cryptocurrency world. In the GameFi sector, new altcoins like Pikamoon are gaining traction. Additionally, the current market sentiment is optimistic, suggesting the beginning of a potential cryptocurrency bull run.
However, questions arise about how long this rally will last and how high crypto prices can climb. Will this period be remembered as the greatest rally in crypto history, or will it follow the pattern of previous rallies – where Bitcoin lost momentum soon after reaching new highs? Is the greatest crypto bull run round the nook?
We will find answers to these questions and will analyse the key drivers of the crypto market in 2024. We will also discuss the factors that will influence the future of crypto and what to expect from this exciting market. Read on to find out more!
Key Highlights
- Bitcoin exceeds the $50,000 mark, indicating an uptrend in the crypto market.
- The GameFi sector gains traction, with new P2E Games like Pikamoon emerging.
- $PIKA token offers early investment opportunities in innovative gaming.
- Historical trends suggest crypto bull run around 2024, led by Bitcoin.
Bull Runs Over the Years
The Genesis Era (2009-2012): Bitcoin was introduced in 2009 and quickly gained widespread attention. In 2011, its value surged from $1 to a peak of $32, highlighting the potential of cryptocurrencies.
The 2013 Ascendancy: In 2013, Bitcoin experienced two major surges. In April, it reached $266 due to increasing interest in the digital currency. Later in the year, Bitcoin surpassed $1,000, largely fueled by its growing popularity in China.
The 2017 Phenomenon: In 2017, Bitcoin’s price almost reached $20,000, experiencing a significant increase. This cryptocurrency garnered considerable attention in the media, with the introduction of several new cryptocurrencies sparking excitement and speculation across the market.
The 2020-2021 Rally: In 2020 and 2021, Bitcoin experienced another surge in value. This was because big companies started buying it, and governments were giving out a lot of money due to the COVID-19 pandemic. Also, a new trend called decentralized finance (DeFi) added to the excitement around Bitcoin’s rapid rise.
The Bull Run Phenomenon → Implications and Effects
What is a crypto bull run? A crypto bull run is a period of rapid growth in cryptocurrency prices and market capitalization. It is driven by increased demand, adoption, innovation, and speculation in the crypto space. This attracts more investors and enthusiasts to join the market.
During a crypto bull run, there are significant profit opportunities, as well as challenges and risks. These events bring more users, investors, traders, and media attention to the crypto ecosystem. This leads to more innovation, adoption, and regulation in the industry.
Crypto enthusiasts have been waiting for the next big bull run in the market, with many wondering if the greatest crypto bull run is just around the corner. Crypto bull runs also create wealth, opportunities, challenges, risks, volatility, and competition for the traditional financial system. They are exciting, unpredictable, and influential phenomena that shape the history and future of cryptocurrencies.
Key Catalysts Behind the Current Bull Run
There are several factors that could potentially lead to a major bull run in the crypto market.
One of the key drivers of a bull run is increasing mainstream adoption of cryptocurrencies. With more and more companies and retailers accepting cryptocurrency payments, as well as major financial institutions showing interest in blockchain technology, the stage is set for widespread adoption of digital currencies.
Another factor that could contribute to a bull run is the upcoming halving of Bitcoin. Every four years, the reward that miners receive for verifying transactions on the Bitcoin network is halved. This event, known as the halving, typically leads to an increase in the price of Bitcoin as the supply decreases and demand remains constant or increases.
Additionally, ongoing geopolitical tensions and economic uncertainty around the world could drive investors towards cryptocurrencies as a safe haven asset. With concerns about inflation and government intervention in traditional financial markets, many investors are turning to alternative assets like Bitcoin and Ethereum.
GameFi is gearing up for a bright future in the upcoming bull market, as through a groundbreaking concept, it combines gaming with DeFi, giving users the chance to not only play games, but also earn rewards, NFTs, and in-game assets.
As digital assets gain more popularity and the gaming industry keeps on growing, GameFi becomes even more attractive. It fits right in with the trend of play-to-earn models and the increasing use of blockchain in gaming. That’s why there’s been a lot of interest and investment pouring into this sector lately. It’s a win-win situation for gamers and investors alike.
Riding The Bull – Top 4 Crypto Leading the Charge this Bull Run
Pikamoon – PIKA
Pikamoon is a new 3D game that’s set in the mystical world of Dreva. Built on the Ethereum blockchain, it combines multiplayer battle arena (MOBA) action with play-to-earn (P2E) opportunities within an immersive metaverse called the Pikaverse.
In Pikamoon, players can capture, battle, and evolve unique creatures called Pikamoons. By mastering strategy and skill, they compete against others to become the top players in the game and earn rewards. It’s a thrilling adventure where every move counts, and victory awaits those who dare to conquer the challenges of Dreva’s digital realm.
$PIKA is a token with potential for both experienced investors and newcomers. It is currently priced at $0.0006 during its Presale phase, making it an attractive investment opportunity.
However, it’s best to make an investment decision quickly, as prices are expected to climb noticeably once the PIKA Presale ends in April.
Additionally, investors and gamers have the opportunity to stake their PIKA tokens to earn passive income from the rewards pool.
Great news ahead! The token will soon be listed on additional crypto exchanges, making it easier to access and secure. Whether you use software wallets like MetaMask or hardware wallets like Ledger, your investment journey will be convenient and secure.
Shibu Inu – SHIB
SHIB, a meme coin with a loyal following, has a total supply of 1 quadrillion tokens. Half of these tokens were burned by the creator, and the other half was locked in Uniswap. During the last bull run, SHIB surged from $0.000007 to an all-time high of $0.00008616 in just one month, showing a growth of over 1130%.
Analysts predict that SHIB may experience a similar pattern in the next bull run, potentially reaching new all-time highs with a growth of over 1500%.
SHIB offers unique features such as ShibaSwap, a decentralised exchange for swapping, staking, and farming SHIB and other tokens, as well as earning Bone and Leash tokens. Additionally, the Shiba Inu Rescue initiative supports the rescue and adoption of Shiba Inu dogs by donating a portion of SHIB transaction fees.
Furthermore, the Shiba Inu NFT collection consists of 10,000 unique NFTs based on the Shiba Inu breed, which can be bought, sold, and traded on the ShibaSwap marketplace.
PepeCoin – PEPE
Pepe Coin (PEPE) is a cryptocurrency that has gained popularity and resilience since its inception. Price predictions for PEPE in the next few years suggest a slight increase in 2023, with an average price of $0.00000117.
The minimum price is expected to be $0.00000105, and the maximum price could reach $0.00000129. These figures are predictions and actual prices may vary.
Moving to 2024, PEPE is forecasted to continue its upward trend, with an average price of $0.00000384. The minimum price is predicted at $0.00000297, and the maximum price could potentially reach $0.00000471. This represents a significant increase from the predicted 2023 prices.
Dogecoin – DOGE
Dogecoin (DOGE) is a cryptocurrency that has gained notable popularity among investors. Initially created as a meme, it quickly gained widespread recognition. With a circulating supply of 113 billion tokens out of a total of 129 billion, DOGE has attracted a considerable amount of attention.
During its peak, DOGE surged to an impressive $0.73, just before the onset of the previous bullish trend. Analysts widely anticipate DOGE to breach the $1 mark in the forthcoming bull run. Speculation surrounds its potential integration into an upcoming payment feature by X, although no official confirmation has been released.
Despite market fluctuations, DOGE continues to be a highly desirable cryptocurrency asset. It is expected to reach new record highs in the upcoming bull market, showcasing its strong potential for growth and success in the digital currency market.
DOGE allows for fast and cost-effective transactions, with a block time of only 1 minute and minimal fees, often less than a cent. This makes it ideal for microtransactions and tipping, and it is widely accepted by online platforms and merchants. Supported by a dedicated community, DOGE is continuously developed with strong backing. Notable figures like Elon Musk support DOGE to its credibility with their endorsements and advocacy.
I will keep supporting Dogecoin
— Elon Musk (@elonmusk) June 19, 2022
DOGE presents itself with a friendly Shiba Inu mascot and a cheerful demeanour. Its positive outlook aligns well with the upbeat atmosphere of the internet, attracting a large audience.
Dogecoin’s attributes, including functionality, strong community support, and a captivating brand image, make it a promising option for investors interested in the future growth of cryptocurrency.
Prepping for the Next Crypto Bull Run
Here are some tips for how to prepare for the next crypto bull run:
- Educate Yourself: Firstly, it’s important to educate yourself about cryptocurrencies and the blockchain technology that underpins them. Learn about the different types of cryptocurrencies, how they work, and what factors can impact their value. Understanding the basics of cryptocurrency trading will help you make more informed investment decisions during a bull run.
- Diversify Your Portfolio: Diversification is key to reducing risk in any investment portfolio, including cryptocurrency holdings. Instead of putting all your eggs in one basket, consider diversifying your investments across different cryptocurrencies, as well as other asset classes like stocks and bonds.
- Set Clear Investment Goals: Before the next bull run happens, take some time to set clear investment goals for yourself. Determine how much you want to invest in cryptocurrencies, what your risk tolerance is, and what your target returns are. Having a clear plan in place will help you stay focused and disciplined during times of market volatility.
- Stay Informed: Keep yourself updated on the latest news and trends in the cryptocurrency market. Follow reputable sources of information, such as cryptocurrency news websites, social media channels, and industry forums. Being informed about market developments will help you make better decisions about when to buy, sell, or hold onto your cryptocurrencies.
- Use Stop-Loss Orders: During a bull run, prices can fluctuate wildly, and it’s easy to get caught up in the excitement and make impulsive decisions. To protect yourself from sudden price drops, consider using stop-loss orders to automatically sell your cryptocurrencies if their prices fall to a certain level. This can help you minimize potential losses and preserve your capital.
- Stay Patient and Emotionally Resilient: Finally, remember that investing in cryptocurrencies can be a rollercoaster ride of emotions. Prices can skyrocket one day and crash the next, so it’s important to stay patient and emotionally resilient throughout the ups and downs of the market. Keep a long-term perspective and avoid making rash decisions based on fear or greed.
By following these tips and staying proactive, you can achieve success during the next crypto bull run.
Conclusion
Historical trends suggest that the crypto market will experience a significant uptrend around 2024. As ever, Bitcoin is projected to lead this upward movement, gaining momentum throughout the year and reaching its peak by late 2025.
However as we look forward to the possibility of the next crypto bull run, it is important to note opportunities that present the most scope for growth. Here, innovations such as GameFi – which combines gaming and decentralized finance – is emerging as a frontrunner, with PIKA – the gaming token for Pikamoon – set to be 2024’s Axie Infinity.
Pikamoon is an exciting multiplayer battle arena game with play-to-earn features set in the universe of Dreva. The token is currently in the final days of its Presale, offering investors the last chance to secure their position before its upcoming listing. Early entry into the project provides potential for significant gains as Pikamoon gains popularity and momentum.
The GameFi sector shows great potential in the crypto ecosystem. It engages users in immersive gaming experiences and offers rewards, NFTs, and in-game assets. In turn, the sector is changing how we fundamentally interact with gaming and finance.
FAQ
What is a crypto bull run and when is the next one expected?
A crypto bull run refers to a period of significant growth in cryptocurrency prices and market capitalization. Historical trends suggest the next one may occur around 2024, with Bitcoin projected to lead the upward movement.
What factors contribute to a crypto bull run?
Several factors, including increasing mainstream adoption of cryptocurrencies, upcoming events like Bitcoin halving, geopolitical tensions, and economic uncertainty, can contribute to a crypto bull run.
What is $PIKA, and why is it gaining attention?
$PIKA is the gaming token for Pikamoon, an innovative multiplayer battle arena game with play-to-earn features set in Dreva. PIKA is gaining attention for its potential for significant growth and early-stage investment opportunities.
How can I participate in the $PIKA Presale?
To participate in the $PIKA Presale, interested investors can visit the official Pikamoon website and follow the instructions for purchasing tokens during the Presale phase.
What sets GameFi apart in the crypto market, and why is it gaining popularity?
GameFi combines gaming with decentralized finance (DeFi), offering users the opportunity to play games while earning rewards, NFTs, and in-game assets. It is gaining popularity due to its innovative approach and the growing trend of play-to-earn models in the gaming industry.
Image by Pierre Dietz from Pixabay