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What Five Cryptos Might Lead the Next Bull Run?

By Jinia11/02/2023

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Are you ready to capitalize on the next crypto bull run?

In this article, we will explore the top five coins that have the potential to skyrocket during this coming bull rally. 

Some cryptocurrencies we will look at include Ethereum (ETH), which takes the lead with its smart contract functionality and the recent upgrade to a Proof of Stake blockchain, making it highly scalable and affordable. 

BNB, the native cryptocurrency of Binance, is another strong contender. Even though market watchers predict that the short-term could pose some challenges, the long-term outlook for BNB looks promising. 

Polkadot (DOT) also catches attention for its innovative multi-chain platform that champions interoperability between blockchains.

We will also look at Chainlink (LINK), a decentralized Oracle network connecting smart contracts with real-world data, as well as Litecoin and VeChain. 

Bitcoin (BTC)

If you want to capitalize on the next crypto bull run, Bitcoin (BTC) should be on your radar. As the pioneer and most well-known cryptocurrency, Bitcoin has proven its resilience and ability to bounce back from market downturns repeatedly.

Renowned crypto analysts already predict that Bitcoin could hit an all-time high of $250K before the next halving. This could mark the start of another bull run. While the analyst’s remarks are unorthodox, other analysts have agreed that 2024 could see BTC hit all-time highs.  

Ethereum (ETH)

When it comes to the Ethereum market, you should consider diversifying your portfolio and exploring the potential of ETH’s smart contract functionality.

Ethereum is the second-largest cryptocurrency with widespread adoption and is known for its ability to execute decentralized applications (dApps) through smart contracts. This opens up a world of possibilities for developers and businesses looking to leverage blockchain technology.

Ethereum, the stalwart of the cryptocurrency world, stands at an intriguing crossroads in its evolutionary journey. Our Ethereum price forecast paints a multifaceted picture of what the future may hold for this pioneering blockchain platform.

In the short term, we market watchers anticipate a 14.1% price decrease in 2023, projecting Ethereum’s value to settle at $1,550. 

This forecast may raise eyebrows among investors and enthusiasts alike, as it hints at a potentially bearish year. However, it is vital to remember that cryptocurrency markets are renowned for their volatility, and short-term fluctuations are not always indicative of long-term performance.

Zooming out to take a longer-term perspective, we find a more optimistic narrative. By 2024, Ethereum could rebound significantly, with its price ascending to $3,200. This projection aligns with broader market sentiments that anticipate a resurgence in the cryptocurrency sector. The potential catalyst for this resurgence is the projected onset of a bull market in 2024.

Looking even further ahead, our 2025 Ethereum price prediction presents an even brighter outlook, estimating a value of $7,630. 

Polkadot (DOT)

Polkadot (DOT) is a multi-chain platform that is on track for even more growth. Their stacking metrics brought in even more positive growth, and with a high number of para chain auctions, more people are coming to the platform to build. 

With its innovative technology, Polkadot aims to address the scalability and compatibility challenges faced by traditional blockchain networks.

By allowing various blockchains to connect and collaborate seamlessly, Polkadot creates a vibrant ecosystem where developers can build scalable and specialized applications. The DOT token serves as the native cryptocurrency of the network, providing governance rights and staking opportunities.

VeChain (VET)

Launched in 2015, VeChain (VET) is a cryptocurrency that focuses on optimizing supply chain management and business operations, offering real-world solutions for industries looking to enhance efficiency and transparency.

With its blockchain technology, VeChain enables businesses to track and authenticate products throughout the entire supply chain process, providing trust and accountability. The platform utilizes unique identifiers called VeChainThor Power (VTHO) to facilitate transactions and smart contracts.

VET holders can earn VTHO through staking their coins, further incentivizing participation in the network.

VeChain’s application in the world of supply chains could have a huge use case in the near future, given advancements in AI and machine learning. VeChain can be used to transport and track goods across borders, thus liberating the unbanked from using traditional means. 

Litecoin (LTC)

And now to Litecoin. 

Well, get ready to embrace the lightning-fast possibilities and abundant coin supply of Litecoin (LTC), the silver companion to Bitcoin’s golden legacy.

With its faster block generation times and larger coin supply, Litecoin offers a unique proposition in the cryptocurrency market. As one of the oldest cryptocurrencies, LTC has established itself as a trusted and reliable digital asset.

Litecoin is often considered a top contender for everyday transactions due to its low fees and quick confirmation times. It has also gained popularity as a store of value and an investment option. Its robust network infrastructure ensures secure and efficient transactions while its active development community continues to enhance its features.

Moreover, Litecoin has seen increased adoption by merchants worldwide, making it easier than ever to use LTC for everyday purchases. Whether you’re looking for fast transactions or seeking long-term investment potential, Litecoin proves to be a valuable addition to any crypto portfolio during the next bull run.

Conclusion

So there you have it, the top five coins for the next crypto bull run.

Bitcoin and Ethereum are undoubtedly strong contenders, with their widespread adoption and promising upgrades.

Polkadot, VeChain, and Litecoin also offer unique features that make them attractive investment options.

However, remember to do your research and diversify your investments, as the market is highly speculative and carries risks.

Happy investing!

Article tags

cryptocurrency
investing
trading
Jinia

Author

Jinia is a fintech writer focused on the cryptocurrency market and passionate about blockchain technology. With years of experience, she contributes to some of the most renowned crypto publications such as Cointelegraph, Coinmarketcap and others. She also has experience writing about the iGaming industry.

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