The Next Bull Run Predictions You Need to Know About
Everyone’s all about the bull runs. Bull runs happen every so often and are usually triggered by an event. Most recently, it was the Bitcoin halving event.
And if you Google it, one thing everyone likes to talk about is the next bull run predictions. Will it be the USDT price? Will it be Solana? Read on to find out.
Bitcoin and ETFs
Bitcoin’s bulls have been running since it began – the fact Bitcoin’s current value is $64,792.70 says enough.
Bitcoin has consistently been leading the way among all crypto assets, and the momentum of the broader market is always reflected here. Bitcoin ETFs (Exchange Traded Funds), reinforced everything for Bitcoin. It almost guaranteed a limitless future of bull runs. Helping Bitcoin travel towards its all-time high of $73,750.07 and leading to the massive drop that saw it plummet toward $54,000, these ETFs are almost the definitive of bull and bearish runs.
A recent prediction by JP Morgan spoke about a massive injection into the crypto market for August and a bull run for Bitcoin. The prediction was based on the firm reviewing crypto liquidation problems that would end by the end of the month.
Altcoins Ready to Go on a Bull Run
Here are a few to watch:
Ethereum (ETH)
One Ethereum ranks second in crypto coin value with a market cap of $404.96 billion and an actual price value of $3,368.89. Its powerful network enables it to host endless dApps and smart contracts. While Ethereum has its strong critics with expensive transaction fees (they’ve recently reduced with The Dencun upgrade), the network supports thousands of projects.
Ethereum should be due a bull run thanks to the recent spot ETF approval.
Solana (SOL)
Solana has become popular because of its transaction speed and low fees. Solana, with a market cap of 62.75 billion and the price this minute at $135.56, is always a popular investment. It has recently seen exceptional growth, a 12.3% increase over the past seven days, pointing to its high potential for massive profits during the new bull run period.
Dogecoin (DOGE)
The original meme token, Dogecoin, is still catching all the attention. The market cap is $17.57 billion, and the price is $0.12. The consistent support from Dogecoin’s community and celebrity backing – by figures such as Elon Musk – is one of the reasons that it remains relevant and has a possibility for growth moving forward. A bull run predicts Doge will reach $0.3751 by the end of 2024.
Doge has always been an interesting one; historically, it always seems to do well.
Polygon (MATIC)
A layer-2 scaling solution for the Ethereum blockchain, Polygon is one of our top picks. Polygon has a current market cap of $5.40 billion, has been priced at $0.544120 today (at the time of writing), and is a solution for Ethereum scalability. They are prominently popular, and their efficiency and proliferation give them a good shot during the next bull run. Polygon itself predicts its next bull run will be in 2025 with Bitcoin.
Cosmos (ATOM)
Cosmos intends to solve the problems of slow transactions and expensive fees by allowing for an interconnected series of ledgers. Cosmos has a $2.63 billion market cap, and its price currently sits at $6.49.
Cosmos aims to provide developers with an ecosystem for creating interoperable blockchains. The ambition to become the internet of blockchains sets it up for solid future developments.
Cosmos is a solid bet – you’ll find it on most of the bull run prediction articles.
Kaspa (KAS)
Kaspa, launched in 2021, utilizes the GHOSTDAG protocol, emphasizing quick confirmation and high block rates. Aggressive increases in market capitalization mean Kaspa has seen significant developments – the market capitalization is now $4.18 billion and a value of $0.1776. There’s a bull run currently happening for Kaspa!
Not many people have heard about Kaspa before but it is definitely one to explore while the price is so low.
Stellar (XLM)
Stellar gives building blocks for developers to create seamless cash experiences and is well-pegged as an infinitely API-connected protocol with speedy transactions (3 seconds) and low costs. The Lumens cryptocurrency currently has a market capitalization of $2.59 billion and is priced at $0.1045. According to analysts, Stellar will continue its bullish run until 2027.
Expert Predictions and Market Outlook
Despite recent headwinds, most experts are still very bullish on the crypto market.
According to forecasts, Bitcoin may rise to $330,000 during this bull cycle thanks to strategic large-scale purchases by institutional investors. Still, that’s insane. There’s no way Bitcoin can reach a value in the hundreds of thousands…is there?
The long-term bullish thesis is affirmed again by other market analysis forecasts presenting more conservative short-term forecasts. Experts generally believe that Bitcoin and the whole crypto market will grow significantly in the following months. And there are definitely plenty of options of coins to pick from.
The next few months could provide ample opportunity for growth – the focus shouldn’t only be on Bitcoin. Stable coins, altcoins, and meme coins should experience bull runs throughout 2024 and 2025. The question is, which bull will run the furthest?