2024’s Bull Run: A New Wave with Measured Expectations

This bull run has a unique feel compared to past cycles, with Bitcoin ($BTC) likely to lead while altcoins face initial lag. Smaller investors, frustrated by stagnant altcoin prices, may start closing longs and opening shorts. While altcoins are expected to rally eventually, the days of broad 30x-50x gains seem to be over. A solid 5x-10x return might be the new standard, as the sheer number of coins dilutes individual surges.

Historically, coins like Stellar and XRP saw astronomical gains in 2017 (up to 500x) but settled for more modest returns (10x-20x) by 2021. This trend suggests a tempered pace, with only a few standout coins achieving the elusive 50x return. Ironically, those high performers may be low-interest coins with minimal investor focus, leaving room for “hidden gems” to surprise the market.

While altcoins will likely have their moment, without a broader rally, small investors could pivot toward assets like precious metals. This shift could impact the dollar’s strength and even fuel inflation. Exchanges like Binance benefit from diverse rallies, maintaining interest across various coins rather than a one-sided surge.

This bull market may come in stages. Some high-profile coins, like Solana and Dogecoin, may have already peaked. As positions shift, we might see renewed interest in $ETH staking coins, DeFi tokens, Layer-1 projects, BNB Chain, and fan tokens. Although the specific sequence is less important, these rotations could fuel sector-based momentum waves, creating fresh opportunities across the board.

In sum, a more strategic and measured approach will define this bull run, with savvy investors eyeing 5x-10x returns as new “wins” in a maturing market.

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