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EURK Pilot Test Smart Contract is unavailable for security reasons as of 2nd of April. Therefore, EURK will not be available for buying, selling, and exchanging until further notice.
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We sincerely apologize for the inconvenience caused.
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EURK Team
While the cryptocurrency market experiences highs and lows like any other financial system, one phenomenon many crypto investors are keeping a close eye on is the potential for another "bull run." But what exactly does a bull run mean in terms of digital currencies? Let's break it down!
A bull run refers to a prolonged period in which cryptocurrency prices trend significantly upward over time. It indicates growing optimism, rising valuations, and generally bullish sentiment across the market.
The term originates from bullfighting, in which a bull charges forward in an aggressive manner. In the same way, during a crypto bull run, we tend to see strong buying pressure, fomo, and rocketing prices.
Put simply, a bull rush is when cryptocurrency prices surge dramatically upwards in a short period of time, creating a rush of excitement. It signifies a sharp spike within an overarching bull market trend.
For example, in late 2017, Bitcoin rocketed from around $10,000 to nearly $20,000 in just one month—that was definitely a bull rush! A burst of renewed buying pressure often unleashes smaller bull rushes within longer-running bull markets.
Cryptocurrencies undergo bull and bear markets, with prices moving in one direction with occasional deviations. Currently, we are in a bear market, with most top cryptocurrencies significantly down from their peaks. Although recent rallies have occurred, they are still far from being considered a bull run.
There are a few key factors that analysts point to as potential drivers of the next major crypto bull run.
Large companies now offer crypto services, and big financial players have embraced digital assets. This brings new money and legitimacy.
Historically, halving bitcoin's supply every few years has tightened supply and boosted prices. The next Bitcoin halving is in April 2024.
Global money printing in response to COVID has weakened fiat currencies and boosted the appeal of non-sovereign assets like Bitcoin as a hedge.
In the United States, the SEC has approved a multiple-spot Bitcoin ETF. This opened the door wide for new institutional and retail investment. The first few weeks have seen massive ETF inflows.
Looking at historical market data, full crypto bull and bear market cycles have typically lasted around 4 years since the market's inception in 2009.
The cycles include a prolonged bull run of exponential price increases lasting 1-2 years, followed by a bear market consolidation ranging from 1-3 years as the market resets. By this estimation, the last bull cycle peaked in late 2021, before the 2022–2023 crypto winter.
Many analysts argue that we are a few months away from the start of a new bull run cycle, with the next major peak likely to occur in 2024. But past performance is not a guarantee of future results. Crypto remains highly volatile and unpredictable.
Most veteran analysts agree the necessary ingredients are lining up for another explosive bull run in crypto, but the timing is anyone's guess. The next crypto bull run is anticipated to commence after the Bitcoin halving 2024 and reach its peak in late 2025.
Some predictions for what may happen over the next year include:
However, pullbacks of 30% or more are considered healthy during bull run in crypto, so volatility will remain high. Overall, sentiment is cautiously optimistic that crypto is maturing for its next legendary price cycle.
Most signs point to yes; crypto will see another prolonged bull run based on its inherent qualities of scarcity, utility, and ability to withstand macroeconomic instability better than fiat currencies.
As the market matures and evolves, future bull runs may not be as volatile or parabolic as in previous cycles, but steady gains over several years seem inevitable as adoption broadens.
The real questions are more around timing (likely mid-2024, according to analysts), magnitude, and which projects stand to gain the most.
Given the cyclical nature of bull and bear markets, 2024 is looking increasingly like a prime candidate year for crypto's next major bull run, according to mainstream predictions.
Bullish drivers like the upcoming Bitcoin halving 2024 event, growing institutional interest reflected by giant inflows into crypto funds and emerging products like Bitcoin ETF, and the possibility that inflation concerns may continue propping up non-sovereign assets all align nicely with the typical 4-year market cycle.
Of course, past performance is not a guarantee for crypto bull run in 2024, and the unpredictable crypto market is always prone to surprises. But if history repeats itself even slightly, the stars appear aligned for digital currencies to shine brightly in 2024.
Major indexes, such as Bitcoin’s stock-to-flow and PlanB's stock-to-flow cross-asset model, also point to early 2024 as crypto's next halcyon period.
While it is impossible to call a top or bottom precisely, most seasoned crypto analysts agree that signs point to the early stages of a new crypto bull run already underway in late 2022 or early 2023. Factors like these support that view:
The bull may already be charging. The crypto market appears to have started a new bullish phase, despite expected pullbacks. If history repeats itself, we could see exponentially continued growth through 2024–2025, leading to an all-time high peak.
With each passing year, cryptocurrency adoption accelerates as the technology matures and real-world uses proliferate. Some factors suggest that the next bull run could be unprecedented:
With such widespread interest, growing utility in many industries, and new all-time highs on the horizon, it's easy to imagine the crypto market topping $20 or even $50 trillion this time around if momentum maintains, cementing it as the new dominant financial paradigm.
While past crypto bull runs saw tremendous gains for early backers, the confluence of factors indicates the crypto industry is on the verge of truly mainstream adoption.
Will 2024 be remembered as the year we unleashed the most explosive bull run in history? Exciting technological advancements seem all but certain to continue reshaping our economic systems with profound implications.
If you want to learn more about risk-free options, stablecoins are a great option. As stablecoins peg their value to fiat currencies, they remain stable in the volatile times of crypto markets. EURK is a secure euro stablecoin platform that you can dive into with your euro stablecoin wallet in this aspect.
Become a partner today and buy EURK easily on secure crypto exchanges such as Coinstore and KoinBX. Experience stability over volatility, and explore the world of crypto and blockchain without hesitation due to the value concerns with EUR stablecoin EURK!
