Updated: October 17, 2024 by Michael Kahn. Published: October 17, 2024.
A bull run is a period where the crypto market sees high demand that outweighs supply, leading to increased market confidence and a rise in crypto prices. Suppose you see prices of digital assets going up quickly; this could signal bullish behavior from investors, showing their optimism about the further growth of the market. Bitcoin Halving is likely to drive the next bull run in the crypto space, offering tremendous opportunities for profit, so you should look into the best altcoins as they can help you create a well-balanced portfolio and potentially see high returns.
Of course, you should approach the altcoin landscape cautiously and do your research to ensure you understand the development team, community, use cases, and technology of altcoins. This will ultimately help you make informed decisions. Also, it’s imperative to stay updated on the latest market trends and regulatory changes, which will help you navigate the dynamic crypto landscape. By keeping all these factors in mind, investors can choose their altcoin investments strategically.
Table of Contents
Ethereum
It’s probably not surprising to see Ethereum listed here, given that it is one of the market’s major altcoins and a distributed computing network that enables users to host smart contracts and run dApps. Ethereum has an exciting future roadmap that aims to improve the capacity of the network and its functionalities, making it much more competitive and meeting the increasing demands of users. The increased adoption of Ethereum, as well as the growing interest in its technology, serve as proof that it is one of the best investments for the future. Besides, compared to Bitcoin, Ethereum is limitless, not only in terms of market cap but also in development perspective and potential solutions.
As a coin, Ethereum has been a lucrative asset to add to an investment portfolio, withstanding extreme market volatility, and this performance has placed it right next to the cryptocurrency leader: Bitcoin. Without a doubt, Ethereum is here to stay, so it’s a good idea to buy ethereum p2p and make the most of it during a bull run.
Stellar
Stellar is not only an excellent altcoin you can include in your investment portfolio but also a decentralized, public blockchain that provides rapid and cost-effective money transfers, which means it won’t burn a hole in your pocket. Stellar is immensely popular among investors due to the accountability it provides when it comes to P2P connections within the global financial system. Besides, it has a significant strength, namely a top-notch security feature that gives XLM holders full possession of their keys.
Stellar has recently launched excellent features, including Soroban and spread Lumens, and has also helped those in need through the Stellar Aid Assist Project, sending more than 2 million. If you buy Stellar, the odds could be in your favor during this year’s bull run.
Solana
Solana has been popular for a while already, and the main reasons behind its appeal are its low fees and lightning-fast transaction speeds. Solana is a blockchain platform that focuses on addressing the scalability and speed issues that many other existing blockchains face, so it is indeed an altcoin worth paying attention to.
Besides, on March 4, 2024, its price rose to around 7% in only 24 hours, ranking high among the top five cryptocurrencies. This incredible surge brought SOL to its highest level in two years – the last time It performed so well was in April 2022, three months after the bull cycle’s culmination in 2021. Given that Solana has excellent potential in the long run, it is a good idea to buy it, as it will help you diversify your portfolio while also increasing your chances of earning attractive rewards.
Ripple
Another significant altcoin to consider buying in the next bull run is Ripple, as it is efficient and fast, supports cross-border transactions, and acts as a valuable instrument for investors. In fact, Ripple’s ultrafast transaction speed is one of its most appealing features, as it enables robust and seamless micro-payments and has helped strengthen investors’ confidence in recent times.
The future of Ripple is full of possibilities, as the company behind the project has made an announcement regarding the automated market makers that will be fused into the cryptocurrency ledger to enhance trading performance as well as liquidity. These developments will likely boost Ripple’s position in the market, so it’s a wise choice to add this altcoin to your crypto investment portfolio, as it will improve your prospects of generating attractive rewards.
Strategies to keep in mind when investing in altcoins for the next bull run
Sure, investing in altcoins may offer great opportunities, but it’s important to use the right strategies, as this will help you mitigate potential losses by avoiding greedy behavior or FOMO. Here are some important considerations to help you prepare effectively for the bull run:
- Have an investment plan in place. The crypto market is highly volatile (that’s something you probably know already), so you shouldn’t invest all your money in it right away. Instead, evaluate how much you can put into crypto, whether Bitcoin or altcoins, focus on establishing your financial goals, and build a strategy that will help you achieve them.
- Mitigate risk. Risk management is a crucial part of your investment journey, so you should not overlook it. Calculate how much risk is productive and be sure to use a stop-loss order, as this will give you a secure position when the market is no longer in your favor.
- Know when to take profits. Unfortunately, one of the most common errors investors make is not knowing how to take profits, which is accurate, particularly in the crypto landscape characterized by massive volatility, greed, and emotion. As crypto prices increase, it’s essential to set realistic targets and cling to them, which will ultimately help you gain profits and safeguard you against unexpected market downturns. Remember, discipline can be your greatest ally in a market driven by overnight price fluctuations.
- Invest in a mixture of assets. Altcoins are appealing, but they are also high-risk, so you shouldn’t allocate your entire portfolio to them. Instead, diversify your portfolio by choosing assets suitable for long-term buy-and-hold portfolios.
The bottom line
The next bull run is an opportunity to generate appealing rewards, whether you’re a novice or an experienced investor, and there are different altcoins you can choose to buy, including Ethereum, Ripple, Stellar, and Solana. However, it’s essential to be aware of the different factors that can influence the growth of altcoins and adopt a cautious approach when buying them. This way, you can derive optimum value from this promising market while also reducing the risk of losses. Â
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Whether she is researching the latest trends in home decor, life-changing destination getaways, or the best way to maintain your finances, Dewey takes pride in leaving no stone unturned. She is passionate about distilling and delivering high-quality information that you can use to upgrade your life.
