Understanding the Crypto Bull Market and the Right Time to Invest?

Every day, the cryptocurrency market is evolving rapidly. However, the crypto bull market is infamous for acting unpredictably and for experiencing frequent, large price swings. People all across the world have been experiencing fluctuations over the last ten years. A notable feature of some exceptional crypto bull runs is the sharp rise in the price of different cryptocurrencies. Numerous factors, such as growing adoption, favorable regulatory developments, and institutional investors’ increasing interest, have contributed to these bull runs.

Imagine the cryptocurrency market as a rollercoaster ride – it goes up and down a lot, and sometimes it goes way up! These big upswings are called “bull runs.” They happen when lots of people get excited about cryptocurrencies and start buying them, which makes their prices shoot up.

Dive deeper into this article to learn more about the Historic Crypto Bull Market Expected in Next 18-24 Months

History of Bitcoin Bull Run

The most well-known cryptocurrency, Bitcoin, has experienced several enormous bull runs. The unexpected increase is a result of more people using Bitcoin. Also, the government is implementing new regulations to improve Bitcoin security. Additionally, investors have started to make investments in it, further increasing prices.

During the last big bull run, other cryptocurrencies like Ethereum, Litecoin, and Ripple also did well. They often follow Bitcoin’s lead, so when Bitcoin’s price goes up, so does theirs.

A significant element impacting the price of Bitcoin is a phenomenon called “halving.” That’s when the mining reward for new Bitcoins is cut in half. This occurs every few years, and some people think that because it becomes harder to get new ones, it raises the value of Bitcoin.

Some people are wondering if we’re about to see another major bull run because cryptocurrency prices are rising again. However, it is difficult to predict what will happen over the next year or two. The price of cryptocurrencies can experience sharp ups and downs. Bitcoin has had some really exciting times, as have other cryptocurrencies.

History of Crypto Bull Market Runs from 2011 to 2024

The first year of the cryptocurrency bull run was 2011. It has undergone numerous ins and outs since then. The top cryptocurrency that has managed to hold its position amidst its rivals to date is Bitcoin. On the other hand, the cryptocurrency bull market assists prospective investors in making the right kind of investment.

The basic strategy that most beginners follow is purchasing assets at a discount during bear markets and selling them for a profit during bull markets.

Below are a few of the most significant best-performing cryptos’ last bull run in history.

2011 to 2013-The First Crypto Bull Market

Bitcoin was a superhero leading the charge with all other cryptocurrencies. In 2013, the price of bitcoin saw its first significant upswing, rising from $13 to over $1,000 in a few months. With the belief that it could be a new way to use money without depending on banks, more people became aware of Bitcoin. As a substitute for conventional financial instruments for money security, Bitcoin adoption accelerated.

2017-2018= Altcoins Price Increased

The cryptocurrency market’s history is significantly shaped by the 2017 bull run, which also had a significant impact on investor sentiment. A perfect storm of events led to the 2016 halving, institutional adoption, public interest, and technological advancements, which drove the price of Bitcoin and other cryptocurrencies to all-time highs.

Crypto bull market runs from 2017 to 2018, a large number of people became interested in cryptocurrencies. Bitcoin threw an even bigger celebration. Its price increased dramatically, nearly reaching $20,000. People were excited about new ways to raise funds through initial coin offerings. Furthermore, major corporations began to take notice, and ordinary people like you and me wanted in on the action as well. Furthermore, with Bitcoin other cryptocurrencies, such as altcoins, saw a sudden hike in their prices. However, some of the altcoins even increased by 1000%.

Top-performing cryptocurrencies in the last bull run occurred in 2017–2018 when several cryptocurrencies outperformed Bitcoin and gave investors incredible returns. One such cryptocurrency was Ethereum, whose value surged from about $8 at the start of the crypto bull run in 2017 to more than $1,400 by the beginning of 2018. A few other cryptocurrencies that did well at this time were Dash (DASH), Litecoin (LTC), and Ripple (XRP).

2020-2021=Covid Outbreak and Ethereum 2.0

The cryptocurrency market experienced a significant bull market in 2020 and 2021, marked by a notable surge in prices across various digital assets. Bitcoin, the largest cryptocurrency by market capitalization, led the bull market with a remarkable rally starting from the latter half of 2020 and continuing into bull run crypto 2021.

Institutional adoption of cryptocurrencies gained momentum during this period, with companies like MicroStrategy and Square investing significant sums of money into Bitcoin. Major banks and other conventional financial institutions also began providing their customers with services related to cryptocurrency. It contributes to the asset class’s continued legitimacy.

The rise of decentralized finance (DeFi) protocols and platforms was another major driver of the crypto bull market. DeFi projects offered innovative financial services, such as decentralized lending, borrowing, and trading, attracting significant investment and user participation. Tokens associated with successful DeFi projects experienced substantial price appreciation.

Ethereum, the second-largest cryptocurrency by market capitalization, also experienced a strong rally during this period. The rising acceptance of decentralized apps contributed to Ethereum’s price outburst. Ethereum 2.0 on the way makes Ethereum faster and more efficient. Instead of using a method called proof-of-work, which involves solving puzzles, Ethereum 2.0 will switch to a method called proof-of-stake. This means people who validate transactions will be chosen based on how much cryptocurrency they have and are willing to put at stake.

In 2021, non-fungible tokens (NFTs) became very popular, which increased demand for collectibles, digital art, and other special assets. The NFT boom created a lot of market activity and attracted new players to the cryptocurrency environment, especially on platforms like Ethereum-based NFT marketplaces.

Investors were forced to look for other value stores due to the COVID-19 pandemic’s economic uncertainty and central banks’ historic monetary stimulus programs. Cryptocurrencies, which are often thought of as safeguard assets, profited from this uncertainty as investors spread their holdings.

The bull market in cryptocurrencies was also fueled by retail investors’ fear of missing out (FOMO). New investors looking for rapid returns were drawn to Bitcoin by media coverage of its price surge, social media buzz, and celebrity endorsements.

Crypto Bull Market 2023=The Advancement of NFT with Bullish Trends

The cryptocurrency market saw significant bullish trends in 2023. However, those were driven by several factors. Institutional adoption of cryptocurrencies remained strong in 2023, with more institutional investors, asset managers, and corporations allocating funds to digital assets such as Bitcoin and Ethereum. The influx of institutional capital validated the market and increased investor confidence.

Cryptocurrencies gained broader acceptance as a legitimate asset class in 2023. Furthermore, it accelerated with more traditional financial institutions offering crypto-related products and services to their clients. This increased accessibility made it easier for retail investors to participate in the market.

The growth of decentralized finance, or DeFi, continued. This provides a large selection of innovative financial services and products based on blockchain technology. The growth of DeFi projects attracted significant investor interest and contributed to the overall bullish sentiment in the market.

Non-fungible tokens emerged as a major trend in 2023. Moreover, digital artwork, collectibles, and other assets are being tokenized and traded on blockchain platforms. The NFT craze generated hype and speculation, attracting new participants to the cryptocurrency market.

What Factors Affect Crypto Bull Market Trends?

Following are the pointers that may impact the crypto bull market trend:

Macro-Economic Factors: Concerns about inflation that were on top during the COVID outbreak. Currency devaluation and economic uncertainty in traditional markets led many investors to seek alternative assets like cryptocurrencies as a hedge against these risks. However, this macroeconomic backdrop can also provide additional fuel to the crypto bull market.

Technological Advancements: Continuous technological advancements in blockchain and cryptocurrency infrastructure. Furthermore, scalability, security, and usability have improved, making cryptocurrencies more appealing to both investors and users.

Impact of the Next Bitcoin Halving and Bull Run

One of the key events that many analysts believe could trigger the next crypto bull market run is the next Bitcoin halving. Bitcoin halving is a process that occurs approximately every four years and involves the halving of the reward that miners receive for validating transactions on the Bitcoin network. The next Bitcoin halving is scheduled to take place in 2024, and historically, halving events have been followed by significant bull runs.

The rationale behind this trend is that the reduced supply of new Bitcoins entering the market after each halving event tends to drive up the price as demand remains constant or increases. Therefore, many investors are closely watching the next halving event as a potential catalyst for a new bull run in the crypto market.

Has the Crypto Bull Run Started?

The cryptocurrency market is showing indications of a possible bull run as of early 2024. It’s too soon to confirm, though. Over the year, the price of bitcoin has increased steadily, hitting over $71,787.29 in recent weeks. Institutional investors’ interest has grown in tandem with this price increase, and some countries have seen positive regulatory developments.

Furthermore, several altcoins have also seen their prices surge, with some recording gains of over 100% in recent months. However, it is worth noting that the crypto market is highly volatile, and price movements can change rapidly.

What is the Next Crypto Bull Run Prediction?

It is difficult to predict what will happen to cryptocurrencies in the future. They change so rapidly and can be influenced by a variety of factors. However, some researchers believe that in the coming year or two,

cryptocurrencies will experience a boom.

Why? Cryptocurrency prices may rise as a result of the growing adoption of cryptocurrencies by wealthy individuals and large corporations. Government rules that increase the security of cryptocurrency use are also beginning to be put into place. However, this might cause interest in cryptocurrencies to increase. Additionally, some predict that in 2024, there will be fewer new Bitcoins created, which will raise their price even more.

So, while we can’t be sure what will happen, some experts think we might be in for a really interesting ride with cryptocurrencies shortly.

Top altcoins to buy during crypto bull run 2024

Predicting which altcoins to buy during a future bull run in 2024 can be speculative. Further, it can be risky because the cryptocurrency market is extremely volatile and subject to rapid change.

Here are the top-performing altcoins to buy during the crypto bull run in 2024:

• Ethereum (ETH)
• Cardano (ADA)
• Solana (SOL)
• Polkadot (DOT)
• Dogecoin (DOGE)

Consider these factors while purchasing top altcoins during the crypto bull run in 2024:

• Choose altcoins with robust underlying technology and a clear use case that addresses real-world issues.
• Investigate the team behind the altcoin. A strong, experienced team with a track record of delivering on promises is a positive sign.
• Regular updates and ongoing development activity are also good indicators of a healthy project.
• Evaluate the size and engagement of the community supporting the altcoin.
• Lower-cap altcoins have a higher potential for growth but also come with higher risk.
• Keep an eye out for any alliances or integrations the altcoin has with well-known businesses or other blockchain initiatives.
• Examine the altcoin’s tokenomics, taking into account its inflation rate, supply distribution, and ecosystem utility.
• In the long run, tokens with distinct utility and scarcity tend to perform better.

Conclusion

The cryptocurrency market has seen several historic bull runs in the past. It is too early to confirm or predict something in the crypto bull market.

Further, the same has been fueled by a variety of other factors. However, per the current market conditions, the cryptocurrency market may be gearing up for another historic bull run over the next 18-24 months.

Bitcoin halving has a severe impact on the increased institutional adoption. Also, positive regulatory developments could all help fuel this potential bull run. However, conducting extensive research before making any investment decisions in the volatile cryptocurrency market is advisable.