The crypto markets appear to have entered the initial phase of the 2024 bull run and could have probably headed toward its end. With this, a strong bullish wave is expected to flow into the space, which may cause the prices of the majority of the tokens to pierce through their previous ATH.
Recently, the Bitcoin (BTC) price smashed a new ATH at $69,170 and hence, it becomes more feasible to consider whether it is a good time to enter as the star crypto has already made a strong move.
Although the cycle is just beginning, the altcoins haven’t even started to surge yet, while the BTC price is still very far from its higher targets. In the middle of the soaring bullish sentiments, some altcoins are possessing the huge potential to be the next 100x gem. In the upcoming cycle, four major sectors may thrive, namely, AI, GameFi, Layer-2, and Memecoins. Below are some of the tokens that need one’s attention.
The stages of the bull market are pretty clear, where the traders pour huge liquidity onto Bitcoin first, which in turn escalates to Ethereum. Further high-cap altcoins surged, followed by the low-cap tokens. The first stage of the cycle appears to have passed and hence the altcoins are expected to expand as the liquidity has already entered the high-cap tokens.
The current market dynamics suggest the new altcoins are growing better than the older ones and therefore, the above-mentioned tokens can be considered for the upcoming bull run.
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