The bull market in the currency circle refers to the rising cycle of the cryptocurrency market, which is usually accompanied by the Bitcoin halving event, as well as various technological innovations and social recognition. According to historical data, the duration and growth rate of bull markets in the currency circle vary, but they generally go through the following stages:
• Bitcoin led the way, attracting more funds and attention, breaking historical highs and creating new price milestones.
• Ethereum was subsequently promoted, demonstrating its strong technical advantages and ecological diversity, leading the innovation and application of blockchain.
• Altcoin speculation has pushed the market value of virtual currencies to new highs, and various concepts and hot topics have emerged, such as DeFi, NFT, Metaverse, etc.
• The bull market ends, the bear market arrives, the market experiences sharp corrections and shocks, and the distribution of chips changes. $BTC $ETH $USDC
At present, the bull market in the currency circle is not over yet, but it has also entered the later stage. According to the results I searched for you, there are several opinions:
• May 2024 is the fourth halving time of Bitcoin, which is a very critical time point. Historically, after every halving, there will be a big bull market. Therefore, it is recommended to complete the layout in the currency circle before May 2024.
• October to December 2025 may be the peak time of the bull market, when Bitcoin may rise to between $90,000 and $120,000. This prediction is based on the time span and growth pattern of past bull and bear markets.
• The triggers for each bull market in the currency circle are different, but the structure of the rise is basically the same: Bitcoin led the rise first, Ethereum then pushed the bull market to a climax, and started a comprehensive bull market. Finally, the speculation of altcoins increased the market value of virtual currencies. Pushing to new highs, finally the bull market ends and the bear market arrives. The development of this bull market is estimated to be basically in this vein.
• This bull market is more inclined to "institutional bulls", that is, led by institutions. Institutions pay more attention to "certainty", perhaps because the anti-inflation demand in the context of the global "big water release" has continued to expand the adoption of Bitcoin, and the continued DeFi craze on Ethereum has allowed institutions to see Bitcoin and The future of cryptocurrency.
There are many ways to select a project, but generally speaking, the following aspects should be considered:
• Technical innovation and practicality of the project. Does it have value in solving real-world problems or meeting user needs? Are there any breakthrough or leading technical solutions? Is there a complete and stable development team and community support?
• Market potential and competitiveness of the project. Is there a large enough and active user base? Does it have a good brand image and reputation? Is there a reasonable and transparent economic model and token distribution mechanism? Are there strong partners and resources to support it?
• Risk and benefit ratio of the project. Are there compliance and safety safeguards in place? Is there sufficient market research and analysis? Is there a reasonable investment strategy and exit mechanism? Do you have enough patience and confidence?
The above is some information I have provided you about the bull market in the currency circle. I hope it will be helpful to you. If you have any other questions, please feel free to continue communicating with me. #BTC #etf #ETH #ai #BONK
