As we approach the final quarter of 2024, many crypto enthusiasts are asking: Will Bitcoin hit $100k, or has the bull run already ended? You're not alone in wondering, especially with so many factors at playâCZ's release, the U.S. elections, ETFs, and FTX payouts are all influencing the market. After spending nearly 40 hours analyzing the available data, I believe we are on the verge of the biggest bull run in crypto history.
In this article, Iâll dive deep into the ten key macroeconomic and crypto events signaling a massive market pump, followed by a spotlight on a project that could make early investors significant profits.
1. The Calm Before the Storm: September's Market Activity
September started quietly for the crypto market, but that quickly changed. Although some may see recent movements as random, they are far from it. In fact, many of these fluctuations are predictable. Historically, Q4 has been a period of growth for Bitcoin, particularly in halving years.
Data backs this up:
In 2016, Bitcoin surged 60% in Q4.
In 2020, it climbed by 168%.
In contrast, Q3 tends to be the worst performing period, which was evident this year as well. Based on historical trends, we can expect a significant uptrend as we move into the final quarter of the year.
2. CZ's Release: A Potential Market Catalyst
Changpeng Zhao (CZ), the founder of Binance and the creator of BNB, is set to be released on September 29. Although he is no longer the CEO, CZ remains the face of Binance. This event could be a major trigger for growth, especially as market sentiment reacts to his release. It's essential to keep an eye on how Binance and the broader crypto market respond to this development.
3. Retail Investor Metrics: Bullish Sentiment Brewing
In Q3, we witnessed a significant outflow of retail investors, and overall interest in crypto waned. Counterintuitively, this could be great news. Historically, when retail investors pull out, those who missed earlier opportunities re-enter with FOMO (Fear of Missing Out), creating a fresh wave of liquidity.
This behavior tends to drive prices upward, which could lead to a new cycle of growth as retail investors flood back into the market.
4. U.S. Presidential Elections: Minor, Yet Noteworthy Impact
While the U.S. elections could affect various aspects of the economy, I don't foresee them having a significant immediate impact on the crypto market. Both Kamala Harris and Donald Trump have expressed some level of support for the sector. While a Trump presidency might lead to a bigger crypto pump, the market should remain relatively stable under Harris as well.
5. Market Cycles: Crypto's Predictable Pattern
Crypto operates in clear cycles. Every Bitcoin halving triggers a specific market phase:
May to September typically sees Bitcoin increasing by 600%.
October to April often brings a massive surge of 10,000%.
If history repeats, we are transitioning from the accumulation phase into the next growth phase. This is the time when savvy investors position themselves for future gains.
6. Federal Rate Cuts: Bullish Potential for 2024
The recent 50 BPS rate cut was met with mixed reactions, but Federal Reserve Chairman Jerome Powell's outlook is promising. He stated, "The economy is in good shape right now," and hinted at two more 25 BPS cuts in 2024. These anticipated rate cuts could create a more favorable environment for risk assets like Bitcoin, further fueling the bull case.
7. Global Liquidity: A Positive Correlation with Bitcoin
An important metric to consider is the Global Liquidity Index. Historically, for every 10% increase in global liquidity, Bitcoin tends to jump by about 90%. Over the summer, we saw a 5% increase, and this upward trend continues. If global liquidity keeps rising, Bitcoin's price will likely follow suit.
8. Inflation and the CPI: Favorable Conditions
Inflation has been steadily decreasing, as indicated by the recent Consumer Price Index (CPI) readingâthe lowest since February 2021. With inflation under control, conditions are ripe for a Bitcoin rally, as investors seek alternative stores of value in a less inflationary environment.
9. FTX Payouts: $16 Billion Liquidity Influx
FTX is in the process of repaying $16 billion to creditors, most of whom were active participants in the crypto market. Thereâs a strong likelihood that a significant portion of this cash will re-enter the market, providing a fresh liquidity boost. This influx could serve as yet another catalyst for Bitcoin's price surge.
10. Thereâs No Reason the Bull Run Shouldnât Start
Given the current market conditions, thereâs little reason to expect any major corrections. We are likely at the start of the next bull run, with several macro and crypto-specific events aligning for explosive growth.
Bonus: MoonPrime Games ($LUNAR) â A Hidden Gem?
One project that stands out as particularly promising is MoonPrime Games and its native token, $LUNAR. MoonPrime Games is a Web3 gaming ecosystem focused on creating immersive play-to-earn games with integrated NFTs. What makes MoonPrime truly unique is its use of AI to power decentralized in-game economies, where NPCs (non-player characters) trade, socialize, and interact in real-time.
Hereâs why $LUNAR could be the next big thing:
Market Cap: $480k
Current Price: $0.0004809
MoonPrime's combination of AI and decentralized control allows players to shape virtual economies, offering numerous profit opportunities. Whether it's trading in-game assets or benefiting from NPC activity, every action opens a door for financial gains. Experts predict $LUNAR could exceed $1,000 by 2025 if adoption and scalability continue at the current pace.
If you want to learn more, visit MoonPrime Gamesâ official website at moonprime.games.
Conclusion
With so many macroeconomic and crypto-specific events aligning, itâs hard not to be optimistic about the coming months. From CZâs release to FTX payouts and bullish historical trends, all signs point toward the start of a significant market pump. Keep an eye on projects like MoonPrime Games ($LUNAR) as well, which are poised to benefit from the broader market conditions.
Itâs time to get ready for what could be the biggest bull run in crypto history.
