With some experts predicting a bull run in the crypto market anytime soon, crypto traders and investors are excitedly on the lookout for coins that are likely to do well during that time. However, there is a wide range of tokens available for you to select from, making it difficult to pinpoint the most suitable coins for investment. Fortunately, we can help. In anticipation of the forthcoming and highly expected bull run, we have listed compiled the top 5 cryptos to buy for the next bull run. These assets are likely to fetch you huge returns if you invest in them now.
When is the next crypto bull run?
The exact time of year that cryptocurrency will enter a bull run market is unknown. However, most experts predict that a new Bitcoin bull run may start picking up sometime in 2024 and attain its peak in late 2025.
What factors should I consider before choosing the cryptos to buy for the next bull run?
Before we dive into the top 5 cryptos to buy for the next bull run, let’s take a look at certain factors to consider before choosing a coin to invest in before this period:
1. Supply-and-demand dynamics
Generally, cryptocurrencies tend to gain value when the demand for them rises higher than the supply in the market. So it’s in your best interest to watch out for coins that are starting to shift in this direction early.
2. Increase in global adoption of the token
When more people and businesses start turning to a token for various use cases, it may just be a sign that it may do well in the next bull run. For instance, many businesses have become open-minded to adopting Ethereum in gaming and blockchain-based smart contracts. This could mean that the value of this coin is likely to skyrocket in the bull run.
3. Institutional adoption and wide acceptance of the cryptocurrency by major organizations
It’s generally a good sign when major brands and financial establishments are increasingly investing in a digital coin and embracing it as a payment method. This can increase its value in the next bull run.
4. Growing number of network users
As more people welcome and use a crypto’s network, its utility and value are likely to increase. This expanding user base may help increase the general sentiment of the coin in the market.
Check out this article that dives more into the factors to consider – Top factors that drive the next bull run
Top 5 Cryptos to Buy for the Next Bull Run
This article has simplified things for you by highlighting the top 5 cryptos to buy for the next bull run. Check them out below:
1. Bitcoin (BTC)
The first cryptocurrency and the biggest by market capitalization, Bitcoin, is a token that experts believe will be very profitable in the next bull run. Although Bitcoin’s value has seen extreme highs and lows in the past few years, its price is now trading at its highest since cryptos unfortunately moved into a bear market in May 2022.
The current hype in Bitcoin which led to an increase in value is supposedly being fueled by anticipations that the United States Securities and Exchange Commission (SEC) will authorize the first Bitcoin exchange-traded fund (ETF) very soon. This move is expected to draw in scores of dollars as an investment.
Also, there’s an expectation that the U.S. Federal Reserve is increasing interest rates, which has made investors willing to invest capital into generally riskier assets like cryptocurrencies. Some analysts project the price of Bitcoin to rise to as high as $50,000 in the coming months and even increase during the bull run.
2. Ethereum (ETH)
Ethereum (ETH), the second-largest digital coin by market capitalization, also has its price and value rallying. The price of ETH, currently hovering around $1,900, is the highest level it has been in five months. According to some experts, the price of Ethereum may hit $8,000 within two years because it is projected to become widely used in gaming and blockchain-based smart contracts.
3. Cardano (ADA)
Today, Cardano is one of the top 10 biggest cryptocurrencies with a market capitalization of over $13 billion.
With the important role it plays in the execution of smart contracts and the whole of decentralized finance, Cardano is regarded as a top competitor of Ethereum, the present leader when it comes to DeFi.
Currently, many analysts are predicting that this asset could exceed its set milestone in the forthcoming bull market. The justification behind this prediction is because of ADA’s team’s constant developmental efforts, which have strengthened the coin’s adoption in today’s world.
At a recent price of $0.37. Cardano may just be a good investment asset to hold for the upcoming bull run.
4. Dogecoin (DOGE)
DOGE is also capable of becoming one of the best-performing assets in the upcoming bull run. In the past, this dog-themed token has been a prominent participant in bull runs. So experts expect nothing less from it in the forthcoming one. Dogecoin has acquired major approval from
notable American businessmen, including Mark Cuban and Elon Musk. Their public acceptance and endorsements of DOGE assisted the coin to spike to an all-time high price of $0.73 in May 2021. As of now, DOGE is expected to benefit from the forthcoming bull run.
5. Shiba Inu (SHIB)
Any trader or investor who entered the space in 2020 should have heard about the popular success story of Shiba Inu, particularly how it spun the life of average-income earners, making them overnight millionaires.
SHIB is one of the very popular tokens that is presently below $0.50. Although the token surged greatly to an all-time high of $0.00008616 in 2021, it has experienced a downward trajectory due to the bear market, like most cryptos.
On the bright side, many analysts have counted SHIB among the crypto coins that may experience a huge surge during the bull run. Shiba Inu’s L2 blockchain and continuous burn program are predicted to be the significant catalysts to push the asset’s price upwards.
Exciting read – What is Pi Network? All you need to know about Pi Coin
How can I purchase these cryptocurrencies?
You can purchase cryptocurrencies ahead of the bull run from Bitmama via instant order or our P2P market.
Purchasing cryptocurrency directly from Bitmama (Instant order)
Follow the steps below to buy crypto on Bitmama via instant order:
1. Download the Bitmama app, register, and log in.
2. Navigate to the verification page in your ”Account” section. Click on the verification button to submit the necessary documents and verify your account up to level 3.
3. Fund your fiat wallet by clicking on “fund” on the home dashboard
4. Select “Fund with Bank Transfer” and follow the prompts till completion
5. Return to your dashboard and select “Buy”
6. Select your preferred cryptocurrency and fill in the amount you wish to purchase. The cost will automatically be filled out. Note that you need to fill in a sum lower than the balance in your fiat wallet
7. Click on “Buy” and follow the prompts till completion.
Purchasing Crypto from the Bitmama P2P exchange
Follow the steps below to purchase crypto from Bitmama P2P exchange:
1. Download the Bitmama app, register, and log in.
2. Navigate to the verification page in your ”Account” section. Click on the verification button to submit the necessary documents and verify your account up to level 3.
3. Select “P2P” in the bottom menu on your screen
4. Lastly, proceed to browse the available listing and choose the deal that works for you. Select “Buy” to initiate the transaction and complete the process.
Purchasing cryptocurrencies has never been easier with Bitmama. The process from start to finish only takes a few minutes.
Which Crypto has 1000x potential?
Since cryptocurrencies are generally risky assets with fluctuating prices, there’s no way to accurately predict the cryptocurrencies with 1000x potential. Nonetheless, some analysts believe that InQubeta (QUBE), Shiba Inu (SHIB), and Fetch.Al (FET) has great potential and could be a worthy competitor for the spotlight in the future.
Now that we’ve successfully highlighted the top 5 cryptos to buy for the next bull run, it’s left for you to do in-depth research before you settle for any coin. Since cryptocurrencies are generally very risky and volatile assets, you should note that the outcomes are not guaranteed. So this guide is just a prediction of how well these coins may do in the bull run and nothing is certain. For this reason, it is in your best interest to only invest an amount of money that you are willing to let go of if it doesn’t turn out well.
Bitmama offers a secure marketplace for crypto enthusiasts. Perform activities like crypto exchange, crypto staking, and creating virtual dollar or crypto cards for online payment.
Get started today by downloading the Bitmama app..
