Despite the prevailing market bearishness, numerous factors suggest that the next crypto cycle could outshine all previous ones in terms of growth and adoption. We'll explore the key insights and trends that support this bold prediction, offering a glimpse into the future of the crypto landscape.

Will 2023/2024 Kick off a New Bull Run?

The two leading Cryptos seem to be driving the catalyst for this case.

First, Bitcoin's next halving event is scheduled for April 2024. This event, which occurs approximately every four years, will reduce the number of Bitcoins generated as mining rewards by 50%, effectively lowering the supply of new Bitcoins entering the market.

Historically the 4-year Bitcoin halving cycle has correlated with the bull and bear periods of the Crypto market.

The 1 year leading up to the halving events has typically been the best time to accumulate, with the explosive upside potential happening for 1 year after the Bitcoin halvings.

Secondly, the Ethereum 2.0 upgrade will reach its final stages of development by the end of 2023. With the introduction of the Shanghai upgrade and proto-dank sharding, Ethereum will see significant improvements in scalability, security, and energy efficiency.

Ethereum's staking and transaction-burning mechanisms have also been fully implemented, significantly boosting the network's tokenomics demand.

Layer-2 Ecosystems have also finally matured, and we're even seeing the long-speculated zkRollups coming to mainnet.

This will undoubtedly attract more developers, users, and investors to the Ethereum ecosystem, further boosting its value and the overall cryptocurrency market.

Ethereum is about 40% as large as Bitcoin today, and it should no longer be treated as another Altcoin but rather as an industry-leading common good. I fully suspect the effects of Ethereum 2.0's increase in demand to kick in this cycle just like the Bitcoin halving, and for the two market leaders to drive the next bull market phase together.

7 Reasons Why the Next Bull Run Could Be the Most Explosive One Yet

1. Proofs of Concept and Emerging Use Cases

So far, much of the crypto space has been focused on proofs of concept. The only truly successful and sustainable use cases that have emerged are decentralized trading and lending/borrowing. However, there has been a lot of speculation around NFTs, metaverse, gaming, and zero-knowledge proofs (ZKs), even though users have mainly been attracted to these areas for speculation rather than actual use. As these technologies mature, we can expect more practical use cases to emerge, driving increased adoption.

2. Crypto Infrastructure Matures

We're finally reaching a point where crypto infrastructure no longer unreasonably limits what's possible, which means decentralized applications (dApps) can attract users who are genuinely interested in using the services, rather than merely speculating on future usage. This breakthrough will enable dApps to reach their full potential and become powerful catalysts for growth in the crypto space.

3. Adoption of Innovations

Initially, crypto attracted innovators who were passionate about the technology. However, as the technology matures and becomes more of an infrastructure for profound experiences, we can expect a more significant influx of users. This wider adoption will drive further growth and innovation in the crypto ecosystem, leading to even more exciting opportunities for users and investors alike.

4. The Grand Migration from Web 2 to Web 3

The next crypto cycle is expected to onboard the largest group of users ever seen, marking the beginning of a grand migration from Web 2 to Web 3. This shift will see the decentralization of the internet and the proliferation of decentralized applications, as more and more users recognize the benefits of a more secure, transparent, and user-controlled digital landscape.

5. The Emergence of Breakthrough dApps

A handful of dApps will likely catch fire and single-handedly onboard tens of millions of users almost overnight. These dApps may emerge from two sources: large corporations seeking to capitalize on the crypto trend, and grassroots projects built by dedicated developers who are passionate about creating transformative solutions. As these dApps gain traction, they will draw even more users into the crypto space and accelerate growth.

6. Regulatory Clarity

Although regulatory clarity in the U.S. remains a missing piece, the dApps that catch fire in the next cycle may do so without it, as they could be so innovative and unique that it will take years to classify them. This regulatory ambiguity may actually help fuel the growth of the crypto market by allowing innovative projects to flourish without being stifled by traditional regulatory constraints.

7. Convergence of Trends

The convergence of crypto, artificial intelligence (AI), and the metaverse is poised to produce something that will catch fire with incredible speed. With the infrastructure now in place, we're merely waiting for dreamers to unleash their visions on top of it. As these groundbreaking projects emerge, they will drive further innovation and investment in the crypto space, setting the stage for a truly explosive growth cycle.

In conclusion, the maturation of crypto infrastructure, the adoption of innovations, and the convergence of technology trends are all setting the stage for an unprecedented crypto cycle.

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