On the way to soaring bulls

in LeoFinance3 months ago

2024 smells like an opportunity for a crypto lover like me. The first and most realistic impression of crypto is that the crypto market cap is a roller coaster of ups, dips, and backs, with Bitcoin being the ship's captain, which has been proven for over a decade. With smart contracts and decentralized apps, Ethereum has been making the industry more useful in many sectors, which has great potential to give cryptocurrencies a true means of storing values in the safest way. Top cryptos are performing impressively, but price manipulation remains a challenge from the very beginning in my 7 years of observation. Whales, big players with a lot of coins, can make waves by buying or selling large amounts, causing severe volatility in the market on a sudden. The BTC halving event is a significant event, as it affects supply and demand, potentially driving price increases in every cycle, which is again coming into the discussion.

In recent times, the introduction of BTC spot ETFs is a new talk in the street, which is attracting big institutional investors and making Bitcoin more accessible to the mass people from every corner of society. However, getting regulators on board is tough, and it takes time to build up a proper system. Authorities have been eyeing the crypto world like a curious cat, with some embracing it, others sceptical, and some downright against it. Regulations serve as guardrails on this innovation, and the USA is doing great as they are trying to balance innovation and protection. A vibrant community with passionate believers in the crypto dream is waiting for the coming crypto bull run. The market cap will keep doing its roller coaster thing, and Bitcoin and Ethereum will continue to make new and higher moves.

First and foremost, consider the market capitalization. The crypto market cap is now on a very positive trend, and the spot ETF hype is fully loaded. It's like witnessing a race in which various coins alternately lead the field. Bitcoin, Ethereum, and other cryptocurrencies are going to rise continuously for the top spot, and SOL has gained a better position on the list already. In 2023, we saw some strong growth, and rumors of institutional investors waiting on the sidelines added more positivity. In 2021, Bitcoin achieved an all-time high of over $65,000 before falling, and now I think it is going to cross after 100K, but the true fact is you never know when the price movement will aggressively increase.

While Bitcoin is the unquestioned king, it should not be overlooked. Bitcoin, like digital gold, is the crypto world's headliner due to its decentralized nature and limited quantity. Ethereum, the queen of smart contracts, has its own allure for smart contracts and the potential to develop decentralized apps (dApps), and its imminent Shanghai upgrade might be the catalyst. Other cryptocurrencies, like Binance Coin (BNB), Cardano (ADA), and Solana (SOL), also have immense potential to grow in the coming days.

Bitcoin's price history has been a roller coaster, particularly following its dramatic rise in 2017 and subsequent collapse in later years. With institutional interest and the growth of crypto as an asset class in 2021, it has seen both bullish scenarios for the BTC and all other leading cryptos. The Ethereum 2.0 update seeks to increase scalability and sustainability, which might affect its pricing and market perception. But a true fact is that price manipulation in cryptocurrency is not uncommon. Individuals or companies owning enormous quantities of cryptocurrency, known as whales, may create major market moves by purchasing or selling massive sums of bitcoin. Elon Musk's comments, for example, have affected Bitcoin's price, especially he led the massive growth of a shitcoin like DOGE. In the market, such occurrences generate waves of FUD (Fear, Uncertainty, and Doubt) or FOMO (Fear of Missing Out). So be careful and do your homework, choose initiatives with genuine benefit, and avoid FOMO (fear of missing out) encouraged by many helpful YouTube channels, blogs, and Telegram groups.

The rising price of BTC is going to be insane this year as Bitcoin will celebrate its half-anniversary in 2024. What does this imply? The reward for mining new bitcoins is effectively slashed in half, making them scarcer and possibly more valuable. In the past, halvings have been followed by bull runs. Also, the elusive ETF spot will bring further positivity. Consider a Bitcoin-backed ETF that you can easily purchase and sell on standard stock markets. It's an easier gateway for institutional investors, and its approval might send the market skyrocketing.

Governments and authorities are still trying to figure out how to dance with this crypto beast. Expect more scrutiny, harsher restrictions, and even some regulatory body bashing. While some may perceive this as a danger, it may also provide the market with much-needed stability and respectability. Embrace change, modify your methods, and keep in mind that transparency is your friend. The cryptocurrency community includes a diverse group of traders, investors, developers, and fans. Trading on exchanges and engaging in DeFi platforms where people may lend, borrow, or stake their assets for returns are all part of the interaction. In 2021, the hype around NFTs (Non-Fungible Tokens) grabbed the community, presenting unusual digital assets. Also, the blockchain-based asset management and gaming industry is going to surge in the coming days.

The impending crypto bull run offers excitement, but the journey will not be easy. Expect volatility, legislative changes, technical improvements, and the unpredictability that characterizes the crypto industry. Everything will evolve which is the true nature of any technology. Blockchain technology is still at the primary level, and it will evolve massively in the coming days. The bull run may be on its way, but let us approach it with caution and careful strategies.

Thank you for your time and attention, and what are your thoughts and preparation for the coming bull cycle? Let us know in the comment sections for mutual understanding. Do your homework, invest properly, and keep in mind that the most valuable benefits are often not measured in cash but in the knowledge that we make along with our journey.

Have a nice day!


Dear @tanzil2024 !


There are people around me who speculated in Bitcoin and ended up in a lot of debt!
They made US$100,000 by speculating on Bitcoin, but now they are US$200,000 in debt.

Ha ha ha, they are being fooled by smart people who have made their 100000 into 300000! This is the game, someone loose and few people gain in the game, but I have never loose. So, I enjoy the season.

This is the game, someone loose and few people gain in the game, but I have never loose. So, I enjoy the season.

I agree with you!
You are genius!

Is there a way for me to send you a private message that no one else can see?

[email protected], you can send me an email here.

Do you have a Google account?
Thank you!

Yeah, this is my google account.

With BTC performance this early January, it's going to bull and bull 🐂 soon.

Indeed ad, it will lead all others, too.
Thanks for stopping by!

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@tanzil2024(1/5) tipped @agbogo