Best 5 Predictions of the 2024 Bull Run and How to Profit from It

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2024 is likely to become the year of the next bull run, considering that Bitcoin has its own anticipated halving event. Yet, for all crypto enthusiasts, avid investors, and even those new to the industry, we can all say that the 2024 bull run is more than finding some of the best cryptocurrencies to invest in.

Indeed, Bitcoin’s halving event sits on top of the next bull run, and given the crypto winter, we can conclude that these two act as a catalyst.

Furthermore, considering the top 5 predictions for the next bull run could set you apart from a mere enthusiast, offering various opportunities to win big in the future and the long run. Stay put, take notes, and choose whether you want to be part of the next big thing, dominating the 2024 crypto bull run.

Influential Factors for the 2024 Bull Run

Undoubtedly, the bearish state of the crypto market has left marks on the performance of the crypto and blockchain state, and to name a few, we have the uncertainty of future crypto regulations, where many governments are still with one foot in it, thus making investors nervous.

The rising interest rate also plays a vital role as central banks fight to combat inflation. As a result, this perspective puts the crypto industry in an unfavourable light, making it less attractive to investors as they seek higher returns.

The Bitcoin halving event will reduce the number of new Bitcoins by almost 50%, resulting in a massive drop in new coins on the market. Why is this event important? 

Based on historical analysis, the past Bitcoin halving events have predicted bullish and bearish periods, and it’s essential to note that market conditions are complex and influenced by various factors such as decreased inflation, more robust networks, and increased security.

Lastly, the Ethereum network and the Shanghai upgrade significantly define the next bull run, achieving paramount advancements in scalability, energy efficiency, and security.

Get Ahead of the 2024 Bull Run Predictions

As the cryptocurrency market prepares for the next bull run, it’s essential to identify the key trends and factors that could drive the market’s growth. Here are some of the top predictions for the 2024 bull run.

Metaverse Development

The Metaverse platform development is suspected to grow exponentially compared to the crypto industry during the next cryptocurrency bull run. As seen with big players such as Apple, NVIDIA, or Amazon that heavily invest in the launch of Metaverse platforms, the next bull run will introduce new Metaverse platforms, making the competition more challenging than ever.

The GameFi Industry

As expected by many, and as anticipated since GamiFi goes hand in hand with Metaverse platforms, the industry will shine a new light on these gamified projects through new incentivizing models, immersive gameplay, and experiences. 

Now, more than ever, it’s more about the players rather than conventional approaches that use gimmicky schemes to make profits.

Greater Adoption of the NFTs

One of the most expected predictions for the 2024 bull run is the interconnection of the NFTs with a higher utility, especially within the retail and music industry, but not limited to these.

AI in the Web3 Industry

As already seen in many industries, AI keeps breaking into new territories, this time within Web3. AI-based crypto and Web3 projects are expected to gain traction, yet the level of utility and relevance will be the main differentiator.

The Adoption of Crypto Payments

The growth of cryptocurrencies in the next bull run could catalyze this wider adoption, encouraging more businesses to consider adopting them as payment methods. 

Additionally, the growing user base and increasing liquidity of crypto markets will further facilitate the integration of cryptocurrencies into mainstream payment systems.

Final Thoughts

The 2024 crypto bull run is expected to be a significant event that could revolutionize the cryptocurrency and blockchain industry. With factors like Bitcoin’s halving event, the Ethereum network’s Shanghai upgrade, and the increased adoption of cryptocurrencies in various sectors, there are many reasons to be optimistic about the industry’s future. 

Furthermore, investors should carefully consider these predictions to make informed decisions about their investments, and by focusing on projects with real-world utility and a strong team, investors can increase their chances of success in the 2024 bull run.

Yet, for all intents and purposes, past performance should not be considered a guarantee for future performance, so these predictions should not be treated as investment advice. You may keep these predictions in mind; however, you should only invest according to your research.