If you're new to the crypto world, you might have heard about "Bull run" and imagined making insane gains. Well, let's clear things up a bit.
Bull run doesn't mean investing $50 and magically becoming a millionaire. That's more of a meme coin thing, not the case with utility coins backed by something real.
Bull run happens when there's a surge in demand for Bitcoin due to technicalities and rewards distribution. This upward trend can last for over a year and a half. Altcoins also join the party during this time, and we call that "AltSeason."
The Altseason starts after Bitcoin has had a good run up the hill and starts consolidating or making slow declines. Around this time, many investors who have made massive gains from Bitcoin rotate their profits into Altcoins for further gains. This massive capital injection can lead to moonshots and immense liquidity in Altcoins led by $ETH and $SOL .
Now, brace yourself because there's a prediction. With big money flowing into Bitcoin and institutions buying billions of dollars worth of it, $BTC might hit $100,000-$170,000, possibly by late 3rd to early 4th quarter of 2024.
And when Bitcoin hits that mark, many altcoins could skyrocket, like 10x-500x. No đ science here, just the basics â value, quality upgrades, scarcity and adoption are key.
So, stay calm, avoid getting too emotional about market fluctuations, and think long term. There might be some ups and downs, but in the next 6 months-11months, there could be some massive value shifts. Whether you bought in at $0.005 or $15, you might regret missing out on these moonshot opportunities.
Here's the kicker â experts are saying you might never see a Bullrun like this again in your life. Therefore, plan wisely, control your emotions and let's see where this crypto journey takes us! đđ