Has the crypto bull run started? Crypto markets have moved up significantly over the last two days. Prices of several crypto tokens have also increased. Bitcoin climbed to its highest point in over a month, surging over $22,500. Several altcoins have managed to outperform Bitcoin in the last few days with Polygon network's MATIC token leading the charts.
MATIC jumped over 66% after Disney selected Polygon as a part of its 2022 Accelerator Program. Ethereum also climbed to over $1500. The surging crypto prices give the impression that a crypto bull run has started, or that crypto winter may be cut short if the uptrend continues for another two to three weeks. However, crypto experts believe it may be too early to claim the bull run has started.
But it would be very interesting for you to know in advance which cryptos are going to outperform in the coming Bull run. And in this video, we'll take a look at some of them.
So, as usual, watch this video all the way through, to find out the top 4 crypto projects that are going to outperform in the next Bull run.
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Now, let's get started.
#1: Bitcoin (BTC)
The first crypto that we believe will outperform in the next bull run is none other than Bitcoin.
We've seen about a doubling in Blockchain wallets for Bitcoin users since 2019. This dynamic illustrates robust growth, but we see only about 83 million wallets on the Bitcoin network right now. Eighty-three million is not a significant percentage when you consider that there are around 5 billion internet users around the globe. This data suggests that only about 1.7% of Bitcoin's applicable market has been penetrated. Bitcoin's price benefits from the network effect, and as more users jump on the blockchain, its price should rise. Eventually, we could see 5%, 10%, 15% or more of the world's population using Bitcoin, equating to 250-750 million or more Bitcoin wallet accounts. This growing popularity dynamic should lead to waves of popularity accompanied by higher prices for Bitcoin.
Bitcoin's price is highly dependent on Fed policy. As the Fed increases interest rates borrowing costs rise, decreasing demand for risk assets. However, there is a limit to how high-interest rates can go, and once the economy is close to a recession, the Fed will likely need to reverse its monetary policy. As the Fed switches from tightening to easing to assist economic growth into and after the downturn, demand for Bitcoin and other risk assets should increase, leading to substantially higher prices for Bitcoin in the next bull market.
We've seen several Bitcoin bull markets, and the price appreciation from trough to peaks has been about 2,000-10,000%. Two of the three recent bull runs have appreciated by approximately 2,000% ($70 - 1,300, and $3,200 - $69,000). The huge run between 2015 - 2017 was much more, approximately 10,000%. However, if we stick to the lower-end range of estimates, going with a 2,000% appreciation from our $10,000 proposed bottom for Bitcoin, we arrive at a price target range of about $200,000 for the next top. Therefore, despite the probability of an intermediate-term decline to around $10,000, Bitcoin could appreciate roughly $200,000 in its next bull cycle.
Of course, this is not investment advice. You should always do your own research and only invest what you are willing to lose. After all, we're not sure if the bull run has really started, so we suggest you be careful.
#2: Polkadot (DOT)
The next crypto project that we think will outperform in the next bull run is Polkadot. If you’re looking for the best crypto for long-term potential, then Polkadot is an exciting proposition. Polkadot is one of the best altcoins when it comes to solving the problem of interoperability, which has plagued blockchain networks for years. As a multi-chain network, Polkadot allows individual networks to share information – which drastically improves scalability.
Importantly, Polkadot still allows each chain’s owner(s) to govern it as they see fit, allowing them to benefit from efficiency increases whilst retaining autonomy. The Polkadot protocol’s native token, DOT, is integral to the ecosystem, as it is used for voting and for staking.
The cross-blockchain transfer achievable on the Polkadot platform covers all types of data and asset classes, not just tokens. This feature results in transactional scalability for Polkadot users as they can spread transactions across multiple blockchain networks.
Additional features of DOT include easy blockchain creation, which allows users to create their custom blockchain network in minutes with the option to connect the blockchain to Polkadot to access interoperability and security.
With more and more developers looking to create increasingly powerful dApps, Polkadot could have a solid future ahead of it.
#3: Solana (SOL)
The next crypto project is Solana.
Solana’s native token, SOL, is one of the most popular coins in the market. Its uses include staking and governance and can also be used to receive rewards and pay transaction fees.
The Solana blockchain, which supports smart contracts, is attracting developers – and with reason. On Solana, transactions are extremely affordable and take only a few seconds to complete. In comparison to Ethereum, the largest blockchain for smart contracts in the world, Ethereum transactions can cost up to $100 and take several minutes to complete. Developers can create disruptive products due to the low development costs.
Solana Pay was announced recently, allowing customers to pay merchants on the Solana blockchain with either Solana or a stablecoin such as USDC — which is pegged to the US dollar. The fees are extremely low, posing a threat to more expensive financial networks such as Visa and Mastercard, which charge between 2% and 3% on each transaction.
On Solana, non-fungible tokens (NFT) are also thriving, allowing developers to fund projects in a variety of ways, including through games and decentralized finance products.
Solana is still a very strong project and it offers real utility. It will, therefore, in our opinion, have no trouble outperforming in the next bull run.
#4: HEX
And the last project is going to be HEX.
There are many reasons to believe that HEX will post higher prices for the remaining half of the year. One of these reasons is that HEX’s growth rate in the last two years since its creation remains incredibly high. Compared to other tokens like BTC and ETH during their first two years, HEX outperforms both.
HEX’s target is to beat Bitcoin’s record growth rate of 6,500,000x in 12 years. This means the coin aims to have a value of at least $367 by 2032. Although this figure is very high and may be challenging to attain, it shows the coin’s ambition and growth potential. So, investors can have hope for a better long-term future for HEX.
In the short term, between August and December 2022, HEX also shows excellent potential. If the prices posted at the start of 2022 are significant, then HEX can end the year with a value of as high as $0.180.
HEX is an excellent project for investors who believe in long-term growth and returns. The coin’s value is likely to increase over time, so it is worth investing in.
To conclude, do as much research as possible. There may be lingering questions in your mind. Let us know what you think in the comments below, and we will get back to you as soon as possible.
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