7 Crypto to Buy Before the Next Bull Run in 2024

The post 7 Crypto to Buy Before the Next Bull Run in 2024 appeared first on Coinpedia Fintech News

Timing is crucial when it comes to investing in cryptocurrencies, and with the next potential bull run in 2024 on the horizon due to Bitcoin halving, you need a strategic approach. Identifying promising projects and tokens early on – like Pikamoon (PIKA) – can give you a competitive edge in the market. If you’re hoping to make the most of the next crypto boom, below are the seven best cryptos for the next bull run you should consider adding to your portfolio. 

7 Best Crypto To Buy For Next Bull Run

1. PIKAMOON (PIKA) – The Next GameFi Token Set To Explode

• Current Price: $0.0006 (Pre-launch rate)
• Market Cap: 10 Million (on launch)

Pika is the GameFi coin you don’t want to miss. That’s why I’ve placed it first on my list of the best crypto for the next bull run. 

Strategic Launch: Pika’s Market Cap and 100x Potential

Pika is launching at a very small market cap of around $10 million, similar to other GameFi projects like Axie Infinity and the Sandbox, which skyrocketed in popularity during the last bull run. With the mass adoption of Pika and the general re-explosion of GameFi tokens, Pika is poised to be this bull market’s prime GameFi investment.

But hurry up, Pika is in its final ICO stage, at a discounted price of just 0.0006, which will end in less than 60 days. The countdown is timed with the onset of the upcoming bull run in mind (so Pika is set to explode soon after). Don’t miss this opportunity to get in early and ride the Pika wave to the moon. 

Deflationary Advantage: Pikamoon’s Unique GameFi Proposition

Pika is a deflationary token, meaning that its supply decreases with every transaction, making it more scarce and valuable over time. This is a huge advantage over other GameFi tokens, which suffer from inflation and dilution.

AAA Gaming Experience: Pika’s Role in Pikamoon

Pika is the native currency of Pikamoon, an upcoming AAA P2E game. It’s a stunning adventure where you can explore, battle, and trade with other players using your unique Pikamoon NFTs. 

These adorable creatures are not only cute and ferocious but also profitable – you can earn real money (and a jackpot if you get your hands on one of the 18 rare God Pikamoons) by playing with them.

2. ETHEREUM (ETH)

• Current Price: $2,931.69
• Market Cap: $353 Billion

Both a cryptocurrency and a blockchain, Ethereum is a favourite of ours for multiple reasons. 

Ethereum’s Network Dominance: More than a Cryptocurrency

The world’s second-largest cryptocurrency has a growing demand and accessibility, which will be boosted by the upcoming ETH ETFs expected in May 2024. These exchange-traded funds track ETH’s price, offering investors exposure to the Ethereum market. The U.S. SEC has already approved 11 BTC Spot ETFs, and some analysts believe that spot ETH ETFs could follow soon.

Innovative Roadmap: Ethereum’s Duncan Upgrade and Scalability

Ethereum has a roadmap for scalability and innovation, which includes the Dencun upgrade. This upgrade will introduce a new transaction class called “proto-dank sharding,” which will reduce costs and improve the efficiency of layer-2 solutions.

Layer-2 solutions are auxiliary networks that run on Ethereum, providing faster and cheaper transactions for various use cases, such as gaming, DeFi, and NFTs.

Growing Demand and Accessibility: Ethereum’s Potential 3x Returns

Ethereum has shown impressive growth in the past, reaching a peak of $4,891.70 in the last bull run. Many analysts predict that Ethereum could hit $10K in the near future as it continues to innovate and scale its network. This means investing in Ethereum could yield at least 3x returns based on its current market price.

3. SOLANA (SOL)

• Current Price: $104
• Market Cap: $46 Billion

Ethereum’s competitor, Solana, is a close third on our list. It can process over 50,000 transactions per second with low gas fees and high security. 

Solana’s Soaring Trajectory: A Year of Remarkable Performance

Solana has been one of the best-performing cryptocurrencies in the past year, rising from less than $2 in January 2023 to over $200 in October 2023, an increase of over 10,000%. Sure, it saw a few bumps along the way, but Solana is benefiting from the generally bullish sentiment in the crypto market at the moment. 

Technical Insights: Solana’s Bullish Indicators and Institutional Appeal

Solana’s past 30-day moving average (yellow) continues to rise above its 200-day moving average (blue), while its current price is climbing above both. This shows that Solana is in an expansionary phase and that its overall trend is upward in the medium- and long term.

Solana’s trading volume has also been picking up again, with some signs that whales (large investors) are buying the token. Solana also remains the most popular altcoin among institutional funds after Ethereum, with CoinShares reporting that the crypto funds it tracks have $838 million in SOL under management.

Solana’s NFT and DeFi Renaissance: A Hub of Innovation

Solana has become a hotspot for NFTs, unique and scarce digital assets representing anything from art to music to collectables. Solana’s NFT market has seen a surge of interest and innovation, with projects such as Degenerate Ape Academy, Solana Monkey Business, and Aurory generating millions of dollars in sales and attracting thousands of users.

Solana also hosts a vibrant and growing DeFi sector, which is a field that aims to provide open and permissionless access to financial services, such as lending, borrowing, trading, and investing. Solana’s DeFi sector has seen the launch of several new and exciting projects, such as Mango Markets, Serum, and Raydium, which offer fast, cheap, and secure solutions for various financial needs.

4. AAVE (AAVE)

• Current Price: $92.16
• Market Cap: $1.3 Billion

The world’s most popular decentralised finance (DeFi) lending platform reached an all-time high of $661.9 in the last bull run. It can easily outperform this time around and surprise yet again. 

AAVE’s Evolution: From EthLend to DeFi Pioneer

AAVE was founded in 2017 by Stani Kulechov as EthLend and rebranded in 2019 with a vision to create a transparent and open DeFi ecosystem. AAVE has been at the forefront of innovation and adoption in the DeFi space, with a strong focus on security, scalability, and interoperability.

Scarce and Dynamic: AAVE’s Tokenomics and Deflationary Mechanism

AAVE has a total supply of 16 million tokens, of which 14.7 million are in circulation. This makes AAVE a scarce and valuable asset as the demand for the token increases with the growth of the protocol. AAVE also has a deflationary mechanism, which burns a portion of the fees, reducing the supply and increasing the token’s value.

Future-Forward: AAVE’s V3 Enhancements and Growing TVL

V3 is the latest version of the protocol, which introduces several enhancements, such as the proto-dank sharding, which reduces the costs and improves the efficiency of layer-2 solutions, the Wormhole bridge, which enables the transfer of tokens and data between different blockchains, and the Starlight program, which supports and funds the development of new and existing projects on AAVE.

The TVL or (Total Value Locked) indicates the level of adoption and activity on AAVE. AAVE’s TVL on Ethereum has surpassed $6 billion, making it one of the market’s largest and most popular DeFi protocols. AAVE’s TVL on other blockchains, such as Polygon and Avalanche, is also growing rapidly, showing the potential for cross-chain compatibility and scalability.

5. Avalanche (AVAX)

• Current Price: $37.69
• Market Cap: $14 Billion

The multi-chain smart contract platform for launching decentralised apps (dApps) holds immense potential as one of the best crypto for next bull run. 

Avalanche’s Versatile Architecture: The Rise of AVAX Since 2020

Avalanche (AVAX) is a blockchain platform that offers fast, scalable, and secure transactions for various applications, such as token management, smart contracts, and staking. The platform consists of three interoperable chains: X-chain, C-chain, and P-chain, each serving a specific function.

Unparalleled Performance: AVAX’s Transaction Speed and Deflationary Nature

It boasts a high performance, with a capacity of 4,500 transactions per second and a finality of 3 seconds. Its consensus model is also highly secure, as it requires attackers to control 80% of the network, which is more than Bitcoin and Ethereum. 

AVAX is the native token of the platform, which has a deflationary supply of 720 million. Early investors bought 127 million tokens at $0.50 each, gradually unlocking over time. The recent price surge was driven by a $180 million incentive program that rewarded users with free tokens. Despite the loss in value, AVAX still ranks among the top 10 cryptocurrencies on CoinMarketCap.

Market Predictions: AVAX’s Price Trajectory and Expert Forecasts

Lark Davis, a crypto analyst, predicted that AVAX would reach $100 by 2025, but it achieved that price in 2021, much sooner than expected. Wallet Investor, a forecasting website, projects that AVAX could reach $240 by 2027. Likewise, Changelly.com, a crypto exchange platform, estimates that AVAX could trade at around $20 in 2022 and rise to $264.13 by 2027 when the biggest crypto bull run is around. 

6. DOGECOIN (DOGE)

• Current Price: $0.08504
• Market Cap: $12.2 Billion

The world’s first meme coin, Dogecoin, has the potential (and a passionate community) to push its price beyond $1 in the next bull run.

Dogecoin’s Humble Beginnings and Unique Identity

Dogecoin, introduced in 2013 by Billy Markus and Jackson Palmer, was initially a satirical take on the proliferation of competitor coins, seeking to capitalise on the success of Bitcoin. Named after the iconic “Doge” meme featuring a Shiba Inu, Dogecoin uses a proof-of-work network based on a fork of Luckycoin. 

Market Dynamics and Price Fluctuations

Despite its origins as a meme coin, Dogecoin has garnered acceptance in a short span, becoming the best crypto for the next bull run.  Notable companies that accept Doge include Tesla, Twitch, AMC Theaters, and GameStop. 

The influence of high-profile individuals, notably Elon Musk, has played a significant role in Dogecoin’s market dynamics. Musk’s public support and tweets have led to notable price fluctuations, showcasing the impact of celebrity endorsements in the cryptocurrency space. However, the coin’s volatility has also been attributed to social media hype and meme status. 

Dogecoin’s acceptance as a means of payment by various businesses may contribute to its long-term viability, but its reliance on external factors for price movements raises questions about its stability as a financial instrument.

Evaluating Dogecoin as an Investment 

Valued around $0.08 with a market capitalisation exceeding $11 billion, Dogecoin remains a highly discussed cryptocurrency, securing a spot in the top 10. Therefore, crypto investors remain bullish on its potential. Changelly’s long-shot predictions hint at Doge hitting $1 by 2030, if not sooner. 

7. HEDERA (HBAR)

• Current Price: $0.1064
• Market Cap: $3.5 Billion

On the last spot, I have HBAR – A public network that uses unique Hashgraph technology to provide fast, secure, and reliable online transactions for mainstream markets.

A Public Network Using Hashgraph Technology

Hashgraph is a novel consensus algorithm that integrates every transaction container into its ledger, ensuring efficiency, fairness, and robust mathematical guarantees. Hedera’s network is governed by a council of reputable organisations that run nodes and vote on key decisions. Hedera also has a fixed supply of 50 billion HBAR tokens, of which 33.68 billion are in circulation.

Hedera’s Partnerships and Projects

Hedera aims to cater to various sectors that require online transactions, such as finance, healthcare, gaming, identity, and supply chain. Hedera has partnered with several notable companies and organisations, such as Mondelez International, the Saudi Ministry of Investment, The Sandbox, and DeeStream, to provide technology solutions. 

Hedera also supports innovative projects such as Scorpion Casino, Aleph Zero, and Celestia, which aim to leverage Hedera’s features to create new and exciting experiences for users.

Hedera’s Future Outlook Looks Very Promising

Hedera’s growth in 2025 looks promising with planned network upgrades and developments. Hedera plans to introduce permissioned, community-run mainnet nodes in 2025, allowing more entities to participate in the network and increasing its decentralisation. 

Hedera also intends to enable mirror nodes to display verified source code for smart contracts, improving the platform’s transparency and security. These upgrades create a more developer-friendly environment, potentially driving adoption and increasing network participation. 

As a result, HBAR could see increased investor interest, with potential highs of $0.33 by the end of 2025, according to some predictions. Another analysis suggests HBAR could reach $0.2 by the same time.

Criterion For Selection: How I Chose My Top 7 Cryptocurrencies

Let me explain the criteria I used to choose these coins and why I think they are worth your attention.

1. Technology: GameFi Set to Explode

One of the main criteria I used to choose the highlighted cryptocurrencies is their technology, especially their involvement in the GameFi sector. GameFi, or gaming finance, is a market segment within the decentralised finance (DeFi) ecosystem combining blockchain with elements of gaming to increase interest in a particular project and deepen users’ relationships with a specific cryptocurrency.

GameFi projects offer play-to-earn (P2E) models, allowing players to earn crypto tokens, NFTs, and other rewards. GameFi is one of the fastest-growing and most popular sectors in Web3, attracting crypto enthusiasts and gamers, creating a large and loyal user base.

One of the best crypto for the next bull run that I chose based on this criterion is Pikamoon (PIKA), the native token of the Pikaverse, a metaverse project inspired by Pokemon. Pikamoon is a deflationary GameFi cryptocurrency that serves as the in-game currency for the Pikaverse. Players can use PIKA to buy and sell NFTs, access exclusive features, and participate in the governance of the project.

PIKA also has a deflationary mechanism, which burns a portion of the fees generated by the protocol, reducing the supply and increasing the value of the token. PIKA is one of the most promising GameFi tokens in the industry, as it offers real value and utility within the gaming ecosystem.

GameFi is set to explode according to the next crypto bull run prediction as more and more users discover the benefits and fun of playing games and earning crypto simultaneously. GameFi projects like Pikamoon have the potential to reach millions of users and generate billions of dollars in revenue as they create a new paradigm of gaming and finance.

Some examples of games that are similar to Pikamoon that blew up during the last bull market are:

• Axie Infinity (AXS): under $30 million – almost $10 billion
• Illuvium (ILV): under $10 million – $1.2 billion
• The Sandbox (SAND): under $25 million – $6.87 billion

These figures show the incredible growth and popularity of GameFi projects and why I think Pikamoon is the number one GameFi token for this bull run.

2. Partnerships: Strategic Alliances and Collaborations

Another criterion I used to choose the highlighted cryptocurrencies is their partnerships, or strategic alliances and collaborations with other projects, platforms, and organisations.

Partnerships are important for the success and growth of any crypto project, as they provide access to new markets, resources, technologies, and users. Partnerships also signal trust and credibility, as they show that the project has the support and recognition of other reputable and influential players in the industry.

One of the coins I chose based on this criterion is Solana (SOL), a blockchain platform that provides fast, scalable, and secure transactions for various applications, such as DeFi, gaming, and NFTs.

Solana has established numerous partnerships with other DeFi protocols, such as Chainlink, Uniswap, Balancer, and Curve, to provide users with more options and liquidity. Solana also supports multiple blockchains, such as Ethereum, Polygon, and Avalanche, to reduce gas fees and increase scalability.

Solana also has the backing of some of the most prominent investors and funds in the crypto space, such as Alameda Research, Multicoin Capital, and Andreessen Horowitz.

Partnerships are crucial for the survival and expansion of any crypto project, as they create synergies and network effects that benefit all parties involved. Partnerships also demonstrate the vision and ambition of the project, as they show that the project is willing and able to collaborate and innovate with others.

Solana is a prime example of a project that has leveraged partnerships to its advantage, and why I think Solana is one of the best cryptocurrencies to invest in before the next bull run.

3. Market Trends: Demand and Adoption

The third criterion I used to choose the highlighted cryptocurrencies is their market trends or the level of demand and adoption they have in the crypto market and beyond.

Market trends are important for the valuation and growth of any crypto project, as they reflect the popularity and utility of the project among users and investors. Market trends also indicate the potential and opportunity of the project, as they show the size and direction of the market the project is targeting.

One of the coins I chose based on this criterion is Ethereum (ETH), the second-largest cryptocurrency by market capitalisation and one of the most influential blockchain platforms in the world. Ethereum has a strong market trend, as it hosts the largest and most diverse community of developers, users, and projects in the blockchain space.

Ethereum supports thousands of decentralised applications, or dapps that offer various services and products, such as lending, trading, gaming, art, and social media. Ethereum also hosts the largest and most active DeFi, or decentralised finance, sector, a fast-growing and innovative field that aims to provide open and permissionless access to financial services.

Ethereum also hosts the largest and most vibrant NFT, or non-fungible token, market, a new form of digital ownership and expression that enables the creation and exchange of unique and scarce digital assets, such as art, music, collectables, and domains.

Market trends are essential for the success and sustainability of any crypto project, as they determine the project’s value and relevance in the market’s eyes. Market trends also reveal the strength and competitiveness of the project, as they show how the project compares and contrasts with other projects in the same or similar markets.

Ethereum is a clear leader and pioneer in the blockchain space, and that is why I think Ethereum is a must-have for any crypto portfolio before the next bull run.

4. Diversification: Risk Mitigation and Portfolio Optimization

The final criterion I used to choose the highlighted cryptocurrencies is diversification, or spreading one’s investments across different types of assets, sectors, and markets. Diversification is vital for risk mitigation and portfolio optimisation, as it reduces the exposure and impact of any single asset or market on the overall performance and returns of the portfolio.

Diversification is important for any crypto investor, as it helps balance and optimise their portfolio according to their goals and preferences. Diversification also enables the investor to enjoy the best of both worlds, as they can benefit from the stability and security of established coins and the innovation and excitement of emerging coins.

The seven coins that I chose based on the previous criteria are:

• Pikamoon (PIKA): GameFi
• Ethereum (ETH): Blockchain Platform
• Solana (SOL): Blockchain Platform
• Aave (AAVE): DeFi
• Avalanche (AVAX): Blockchain Platform
• Dogecoin (Doge): Memecoin
• Hedera (HBAR): Cryptocurrency

These coins represent a diversified portfolio of cryptocurrencies, covering different types of assets, sectors, and markets. They also have different levels of risk and reward, as they vary in maturity, volatility, and growth potential. 

Conclusion

There you have it – the seven best crypto for the next bull run. While they all offer great potential, Pikamoon (PIKA) is this bull run’s number one GameFi token, as it offers a unique blend of gaming utility and blockchain technology.

Pikamoon is in its final presale phase, ending in 60 days. This is a rare opportunity to get in early and secure your spot in the Pikaverse, a metaverse project inspired by Pokemon. Don’t miss out on this chance to join the Pika Army and potentially 100x your portfolio when PIKA gets listed on prominent crypto exchanges. 

FAQs – Best Crypto To Buy for Next Bull Run

When is the next crypto bull run?

Based on historical patterns and current indicators, some analysts predict that the next crypto bull run could start in  2024 or early 2025. This could be triggered by events such as the Bitcoin halving, which will reduce the inflation of the leading cryptocurrency, and the adoption of crypto by mainstream institutions and users due to BTC and ETH ETF approvals, which will increase the demand and awareness of the market.

Which coin will pump during the next bull run?

Again, this is a difficult question, as different coins have different potentials and risks. However, based on the criteria I used in this article, I would recommend the following coins as the ones that could see the most gains during the next bull run:

1. Pikamoon (PIKA): As the leading GameFi token, PIKA has a huge market opportunity and a loyal user base. PIKA also has a deflationary mechanism, which increases its value over time. PIKA is currently in its presale phase, ending in 60 days, making it a great time to buy before the price goes up.
2. Ethereum (ETH): As the second-largest and most influential blockchain platform, ETH hosts the largest and most diverse ecosystem of dApps, DeFi, and NFTs. ETH also has a roadmap for innovation and improvement, making it more secure, efficient, and sustainable. ETH also has a strong market trend, with the highest demand and adoption among users and investors.
3. Solana (SOL): SOL has a competitive edge as one of the fastest and most scalable blockchain platforms. SOL has numerous partnerships and integrations with other DeFi protocols, providing users with more options and liquidity. SOL also has the backing of some of the most prominent investors and funds in the crypto space, giving it credibility and exposure

Are my crypto holdings safe in a software wallet?

Software wallets are easy to use, but to ensure maximum security and protection of your crypto holdings, you should consider using a secure hardware wallet such as Ledger. It offers a range of devices, such as Ledger Nano S, Ledger Nano X, and Ledger Stax, to suit different needs and preferences.