Will crypto have a bull run in 2024?
If you're looking for cryptos to buy, it is still not too late. As I've said many times over the past year, the crypto bull run was likely going to kick off in 2024. It's now clear we're in the midst of it, thanks to three key catalysts aligning in crypto's favor.
| Coin | Market Capitalization | Current Price |
|---|---|---|
| Tron (TRX) | $10.1 Billion | $0.1152 |
| Polkadot (DOT) | $10.2 Billion | $7.12 |
| Cosmos (ATOM) | $3.4 Billion | $8.64 |
| Maker (MKR) | $2.9 Billion | $3,160 |
With stock indexes at all-time highs, it seems we are in the midst of a new bull market. While much of the market's recent gains have come from a handful of stocks, the rally has begun to broaden in recent months. Expectations of an earnings rebound in 2024 suggest earnings could continue to drive the market higher.
First, Bitcoin's next halving event is scheduled for April 2024. This event, which occurs approximately every four years, will reduce the number of Bitcoins generated as mining rewards by 50%, effectively lowering the supply of new Bitcoins entering the market.
- Bitcoin (BTC) While not new to the roster of cryptocurrencies, Bitcoin continues to stand as the figurehead of digital assets. ...
- Solana (SOL) ...
- Avalanche (AVAX) ...
- Ethereum (ETH) ...
- Dogwifhat (WIF) ...
- Dogecoin (DOGE)
- Ethereum (ETH) Market cap: $459.16 billion. ...
- Solana (SOL) Market cap: $58.39 billion. ...
- Cosmos (ATOM-USD) Market cap: $4.85 billion. ...
- Kaspa (KAS-USD) Market cap: $3.48 billion. ...
- Stellar (XLM-USD) Market cap: $3.92 billion.
- Ethereum (ETH) Market cap: $316 billion. ...
- BNB (BNB) Market cap: $49.9 billion. ...
- Solana (SOL) Market cap: $49.5 billion. ...
- XRP (XRP) Market cap: $28.7 billion. ...
- Cardano (ADA) Market cap: $19.1 billion. ...
- Tron (TRX) Market cap: $11.1 billion. ...
- Polkadot (DOT) ...
- Polygon (MATIC)
Economic growth actually accelerated above its 10-year average in 2023. That resilience, coupled with a fascination about artificial intelligence (AI), changed investors' collective mood. The S&P 500 soared throughout the year and finally reached a new high in January 2024, making the new bull market official.
Bitcoin's price is up about 120% from this time last year. But judging by sentiment amongst crypto enthusiasts on X, we're only in the early innings of the bitcoin bull market that many believe will last through the better part of 2025. How can people be so confident that bitcoin's price will continue to rise?
The market sees a greater than 80% chance of at least five rate cuts from current levels by the end of 2024. Investor optimism about the economic outlook has improved dramatically from a year ago, but there's still a risk that Fed policy tightening could tip the economy into a recession in 2024.
Will crypto bounce back 2024?
A recent report predicts that Bitcoin will reach a new all-time high in 2024. Bitcoin (BTC) is expected to reach a new record of $88,000 (€82,000) throughout the year, before it settles around $77,000 at the end of 2024, according to a new report. The cryptocurrency's current price sits at around $43,000.
In early 2024, the crypto market has continued pushing higher, building on 2023's climb. Looking ahead, the 2024 Bitcoin halving, the possibility of a spot ethereum ETP, and the impact of Ethereum's Dencun Upgrade are items to watch.
Historically speaking, Bitcoin has had 3 halving events, and all of those have led to a bull run. This time around, multiple factors support the bullish momentum, and most likely, this is the start of a long bull run. The current positive price momentum shows good market depth.
Ethereum (ETH-USD): Approval of spot ETFs has this crypto rallying hard right now. Bitcoin (BTC-USD): An upcoming halving event could push the largest crypto to new all-time highs. Solana (SOL-USD): This crypto used in DeFi transactions is up more than 500% in the past 12 months.
- Ethereum (ETH-USD): Even with its relatively high price ETH has 5x upside.
- XRP (XRP-USD): XRP is free legally and remains the top cross-border transaction token.
- Cardano (ADA-USD): Strong fundamentals and low price are the prime factors for Cardano.
| Coin | Market Capitalization | Current Price |
|---|---|---|
| Bitcoin (BTC) | $1.30 Trillion | $66.221 |
| Ethereum (ETH) | $390 Billion | $3,254 |
| Binance Coin (BNB) | $86.3 Billion | $577 |
| Solana (SOL) | $69 Billion | $154.53 |
The crypto market has maintained its bullish momentum in 2024 after Ethereum rallied 85% and bitcoin gained nearly 150% in 2023. Heading into April, bitcoin prices are up another 64.9% year-to-date, while Ethereum prices are up 55.6%.
- TOP 15 ALTCOIN TO MAKE YOU RICH IN NEXT BULL RUN.
- 1 Bitcoin (BTC)
- 2 Ethereum (ETH)
- Matic (MATIC)
- Binance Coin (BNB)
- Litecoin (LTC)
- Chainlink (LINK)
- Fantom (FTM)
Takeaways: A crypto market cycle consists of four phases — accumulation, markup, distribution, and markdown.
As we approach March 2024, affordable cryptocurrencies like Retik Finance, Cardano, Shiba Inu, and Dogecoin present exciting prospects for investors. Whether revolutionizing financial transactions, building efficient blockchains, or addressing real-world issues, these projects offer diverse opportunities for growth.
How high will XRP go in 2024?
Our most recent Ripple price forecast indicates that its value will increase by 24.47% and reach $0.654430 by April 28, 2024.
Top 5 Altcoins at the Forefront
In his detailed analysis, he zeroes in on specific altcoins, including Chainlink (LINK), Arbitrum (ARB), SKALE, Covalent, and SEI (SEI), as a perfect buying opportunity in this cycle. Chainlink, in particular, stands out in van de Poppe's analysis.
The estimates from strategists put the median target for the S&P 500 at 5,200 by the end of 2024, implying a decline of less than 1% from Friday's level, according to MarketWatch calculations. Heading into 2024, the median target was around 5,000 (see table below).
The Last Bull Run: A Recap
The most recent significant bull run occurred in 2020 and extended into the early months of 2021. Cryptocurrencies, notably Bitcoin and Ethereum, experienced a surge in price, reaching unprecedented all-time highs.
These charts of bear and bull markets in the S&P 500 since 1932 illustrate this well—there have 12 bear markets compared to 14 bull markets, but the duration of the bear markets is much, much shorter: The bear markets are just 25 months (around 2 years) long in average, compared to an average length of 59 months ( ...
