Here are 10 reasons why an altcoin bull run is expected from September to November 2024:
1. **ETF Approval**: The approval of Bitcoin and Ethereum ETFs has generated optimism in the market, and ETFs for major altcoins are expected to be approved in the near future, which could attract strong investment
2. **US Elections**: The November presidential election in the United States is a key factor. Depending on the outcome, more favorable policies towards cryptocurrencies could emerge. A Republican victory, for example,
3. **Whale Activity**: Large investors or "whales" are strategically accumulating altcoins. There has been a significant increase in purchases of tokens like Ethereum, indicating that these actors anticipate a rally
4. **Previous drops as an opportunity**: Recent drops in cryptocurrency prices have been seen as buying opportunities by institutional investors and whales
5. **Renewed interest in DeFi**: Decentralized finance (DeFi) is reviving with an increase in the total value locked in key protocols. This is attracting more investors towards altcoins,
6. **Supply shortage**: Whales have withdrawn large amounts of Ethereum and other tokens from exchanges, reducing the available supply and potentially driving up prices
7. **Institutional investment**: Large entities are showing increasing interest in altcoins as part of their crypto portfolios. 8. **Improving Crypto Infrastructure**: With advancements in Layer 2 technologies from Ethereum and other ecosystems, altcoin usage is increasing,
9. **More Favorable Regulation**: Although cryptocurrency regulations remain uncertain in some countries, a clearer regulatory framework is beginning to emerge
10. **Attracting External Capital**: The growth of decentralized finance and the potential entry of altcoin ETFs could attract capital from other financial sectors
