As the market gears up for the next bull run, crypto enthusiasts are on the lookout for the next big thing that could lead to explosive growth.

This report from Coinpedia brings you a comprehensive guide on how to multiply your profits by 100 times in the upcoming bull run.

Let’s delve into the details!

What’s a Bull Run, and Why Does It Matter?

A bull run is a period when most investors are buying, prices are rising, and demand exceeds supply. It’s like a financial carnival where confidence is high, and values are on the upswing. It signals that investors are optimistic or “bullish” about further price increases.

Anticipation is key to a bull run. Investors eagerly await signs of the market’s resurgence, yearning for the next wave of bullish momentum. It’s the calm before the storm, creating an atmosphere pregnant with potential.

The 2024 Bull Run: What to Expect

Bitcoin halving, occurring approximately every four years, is a crucial indicator of an impending bull run. It reduces the supply of new Bitcoins, leading to increased demand and rising prices. The 2024 bull run is expected to kick off with this significant event.

Ethereum 2.0 promises substantial improvements in scalability, security, and project efficiency. This upgrade attracts more stakeholders, contributing to the overall growth of the crypto market. The convergence of Bitcoin halving and Ethereum 2.0 sets the stage for what experts predict to be the biggest bull run ever.

We are here to guide you through the same so that you can mint the maximum profits out of it.

The Anticipated Crypto Boom in 2024: What You Need to Know

The crystal ball is out, and experts are predicting that 2024 is poised to host the mother of all crypto bull runs! Let’s dissect the reasons behind this anticipated surge:

The countdown to the next bull run is set by none other than the king of crypto – Bitcoin. The scheduled Bitcoin halving event in April 2024 has investors and enthusiasts on the edge of their seats. This cyclical event, occurring every four years, aligns with historical bullish periods. By reducing the influx of new Bitcoins, it sparks a surge in demand, setting the stage for a spectacular rise.

The impending Ethereum 2.0 upgrade brings a wave of improvements, from enhanced scalability and security to improved energy efficiency. With features like the Shanghai upgrade and proto-dank sharding, Ethereum is poised to attract a swarm of new investors, potentially driving up demand in the crypto sector.

The macroeconomic landscape is painting a promising picture for the crypto market. The introduction of spot ETFs and growing mainstream adoption is injecting positivity. Technological advancements are luring in more investors, potentially expanding the crypto enthusiast base.

The evolving crypto market in 2024 brings forth various scenarios. Bitcoin may soar to unprecedented heights, or corrections might bring prices lower. Emerging projects, like Solana’s rise and the evolution of DeFi protocols, could redefine market leadership. With these trends, a bull run in 2024 seems more than just a possibility.

• Confluence of Bitcoin Halving and Ethereum 2.0

The stars align as the Bitcoin halving event and Ethereum 2.0 upgrade converge. This perfect alignment creates a robust foundation for the impending bull run.

The crypto landscape has matured significantly, boasting robust infrastructure that attracts a new wave of users. Decentralized applications (dApps) are gaining traction among utility-focused users, stimulating overall growth and laying the groundwork for a potential bull run in 2024.

Reports suggest that smaller nations and previously distant regions are embracing cryptocurrency. The fusion of AI and crypto is generating innovative solutions, captivating an expanding user base. The expectation is for this trend to surge even further in 2024!

Mastering the Bull Run: Top Strategies for 100x Profits in 2024

The echoes of the last bull run, culminating with Bitcoin soaring to a staggering $69,000 in the late 2020s, still resonate. Now, the 4-year cycle theory points to 2024 as the next crypto bull run. Brace yourself for what could be the biggest financial wave of the decade! Here are our top strategies to help you seize the opportunity:

1. Educate yourself

Take your time to read about different projects and whitepapers of the upcoming tokens. Be thorough with crypto and blockchain markets. For instance, liquid staking or LSD has been the biggest star in DeFi in 2023. LSDFi was predicted to be the next big thing by many experts! Educating yourself will help you make better-informed decisions, identify future catalysts, and have a better navigating skill in the hush-hush of bull run!

2. Stay updated

Stay informed about what’s happening around you! LSDs, real-world assets, meme coins, regulations and everything! Once you need to have basic information like soil nature and the amount of water a plant needs before sowing it, right? Similarly, one needs to be updated with every minor update to withstand the pressure of a bull run. Stalk the market! Start now!

3. Investment objectives

Understand your investment objectives clearly. Are you in for short-term swings or eyeing long-term opportunities? Setting goals helps maintain focus amid market hype and guides you towards achieving your main aim.

4. Never invest more than you can lose

In the crypto sector’s high-risk environment, it’s crucial not to succumb to emotions. Never invest more than you can afford to lose. Making wise decisions, rather than being swayed by bull run chaos, is the key to navigating the unpredictable market.

5. DYOR

Before investing, conduct your own research. Dive into technical analysis, explore trends, charts, and whitepapers. Manage your emotions and invest your efforts where they count. With many claiming to be the best, having your research on-point is essential to identify a project’s pros and cons.

6. Diversify

We always suggest not placing all your eggs in one basket. During bull run, be prepared to diversify your portfolio and invest in different types of projects, so that if one fails, the other could save you!

7. Never work with emotions

Emotional investments could be risky! Do not invest with haste and emotions when you see the market rising. Stop for a moment, analyze, and invest! We understand that the bull market peak could influence you to invest just one time more. However, never do that without applying analytical skills!

8. Plan your exit strategy

Always have your exit strategy planned! Experts suggest exiting the market once your commitment and target are achieved instead of investing ruthlessly and endlessly. The market could see a downturn at any point in time, therefore, it is important to have an exit strategy planned.

Top Altcoins to Consider: Diversifying for Success

• Ethereum: We are well aware that ETH is the second-largest crypto by market cap. It is a key player in smart contracts and Web 3.0. Ethereum is believed to outperform Bitcoin in the next bull run! All this being said, the Bitcoin Halving event in April 2024 is the only certain piece of news for the crypto markets to hope for a bull run. With that in mind, we expect that ETH could track along with Bitcoin and post new ATHs of $6,500 in 2024. If, however, the global economic outlook looks rocky in 2024, we could see ETH struggle to reach an ATH and, as a result, predict an average ETH price of $4,500 in 2024. If the global economic situation takes a downturn in 2024 we could see ETH struggle to retake previous highs, and are, therefore, predicting a low of $1,800 for ETH in 2024.
• Cardano: ADA has been one of the top-performing cryptocurrencies in the market. It has soared by 165.13% in 2023 and 677.65% since its inception. Crypto enthusiasts are highly optimistic about Cardano’s potential increase by 6000% in the upcoming bull run.

• Dogecoin: Dogecoin, a humorous meme crypto, has quickly become a notable digital asset with a loyal community. Despite its meme-related origins, DOGE has exhibited remarkable growth. In 2023, Dogecoin witnessed a rise of 34.71%, reflecting a consistent interest and investment in the coin. Over its lifetime, Dogecoin has achieved an astounding all-time appreciation of 627.40%, and over the past five years, it has skyrocketed by 4,916.03%. We predict it will be very profitable in the 2024 bull run.

• Ripple: XRP is a fast and efficient solution for cross-border transactions, offering a cheaper alternative to mainstream methods. It has recently regained investors’ confidence after winning a legal battle against the U.S. Securities and Exchange Commission. XRP is all set to rule again and we place our bets on the token during the next bull run. With a crypto bull run in mind and a positive lawsuit outcome for Ripple, we predict a bolster in the XRP price. Therefore, experts’ XRP price prediction forecasts a price of $1.80 by the end of 2024. Depending on the lawsuit’s outcome and crypto market conditions, it could go much higher, potentially reaching $3.10.

Top Sectors for the Bull Run: Predicting the Winners

1. Layer 2 Scaling solutions

After facing challenges in 2023, layer 2 solutions are expected to rebound in 2024. With upgrades like Ethereum Cacun, reducing costs and enhancing speed, layer 2 solutions are anticipated to attract significant capital and user activity. This could trigger the bull run as it offers more scalable and efficient blockchain solutions.

2. Real-world assets or RWA

RWAs saw a massive surge in capital in 2023, seeing a meteoric 700% rise in TVL in 2023. Protocols promoting RWA transactions like Polytrade ($TRADE) and Clearpool Finance ($CPOOL) have given 1038% and 277% YTD growth, respectively. The coming year could accelerate this trend as more assets become digitized, appealing to institutions looking for innovative investment opportunities, thus triggering the next bull run!

Source: CoinmarketCap

3. AI coins

In 2023, AI coins captured the market well. With the success of AI-powered technologies, AI-driven projects saw a boost. There have been remarkable performances by coins like RNDR, AGIX and OCEAN. In 2023, AI coins saw a rise in interest, propelling tokens such as RNDR, AGIX, and OCEAN to impressive heights, with 1050%, 646%, and 234% YTD growth, respectively.

This enthusiasm, sparked by AI advancements and the performance of tech stocks like Nvidia, suggests a robust trajectory into 2024. This AI mania, fueled by breakthroughs in machine learning and GPU technology, sets the stage for 2024, where we might see these coins drive a bull run as the integration of AI plus blockchain technology strengthens, potentially revolutionizing sectors from finance to gaming.

In conclusion, Coinpedia has compiled these top ten strategies to efficiently help you achieve 100x profits in the upcoming bull run in 2024. By following these tactics, you might just secure big wins in the bustling crypto market of the new year!