5 Altcoins Explode 100x at the Top of the 2024 Crypto Bull Run

A bull run is a phase in the crypto market cycle where the prices of Bitcoin and altcoins experience rapid increases in a relatively short period of time. Bull runs usually occur after long bear market periods where crypto prices experience sharp declines and stagnation.

Bull run conditions are characterized by euphoria and hype from traders and investors to buy crypto so that the demand increases drastically. The prices of Bitcoin and major altcoins can rise hundreds of percent or even thousands of percent during short bull runs.

Almost all crypto analysts and traders agree that the peak of the next crypto bull run will occur in 2024, after the Next Bitcoin Halving event. The 2024 halving is expected to create a supply shock that will send Bitcoin prices to fantastic levels, followed by an even worse rise in altcoins.

Here is the opportunity for low-cap altcoins to explode in price 50x, 100x, or even 1000x above their all-time high. Here are 5 potential altcoins to consider to become the top crypto on a global scale at the peak of the 2024 bull run.

1. Ethereum

Ethereum (ETH) is predicted to reach $30,000 at the peak of the bull run in 2024. With the current price around $1,500, this means a potential increase of more than 20x. Investors are optimistic about the impact of the merger and ETH’s very mature technological foundation. Based on estimates from Cryptonewz, ETH is expected to touch $5,000 by the end of 2024. Although Ethereum has undergone some important technological changes, such as The Merge, which turned it into an energy-efficient proof-of-stake blockchain, these have not yet significantly affected its price.

Although Ethereum has undergone some important technological changes, such as The Merge, which turned it into an energy-efficient proof-of-play blockchain, these have not significantly affected Ethereum’s price. Currently, the price of Ethereum has reached a new high of around $3,050 in 2024. However, investors should remain aware of the volatility of the crypto market and other factors, such as monetary policy and crypto regulations, that affect the price of Ethereum in the future.

2. Polygons

Polygon (MATIC) is a layer 2 network for Ethereum that is predicted to explode to $10 per token at the peak of the 2024 bull run, while currently sitting around $1.5. Development and integration progress following the merger also boosts Polygon’s long-term prospects. According to CoinEdition predictions, Polygon (MATIC) is expected to reach $5.97 in 2024 and even $10.16 in 2040.

Additionally, long-term price forecasts by Tekedia estimate that Polygon could reach a price of $54.85, or the equivalent of IDR 854,631 per token. Nevertheless, it is important to remember that the crypto market is highly volatile and influenced by many external factors, so investors should do their own research before making an investment decision. With new projects continuing to develop and scalable solutions on offer, the potential for growth in the investment value of MATIC in the future looks bright.

3. Decentralized

Decentraland (MANA), as a pioneer of the blockchain metaverse, has the potential to explode 10x to 100x with the explosion of P2E gaming and NFT in 2024. With a current price of around $0.7, MANA, according to Amb Crypto, predicted to reach a price range of between $0.32 and $0.48 in 2024. Forecast Prices from Coin Codex also shows that Decentraland is expected to trade in a range between $0.473717 and $1.643550, with upside potential of up to 192.28% if it hits the highest price target.

Nevertheless, it is important to remember that the crypto market is highly volatile and influenced by many external factors, so investors should do their own research before making an investment decision. With promising roadmap developments and positive trends in the metaverse, Decentraland (MANA) shows exciting growth potential in the future.

4. Chain link

Chainlink (LINK) is the largest oracle network in the crypto world and is projected to reach between $200 and $500 per token at the peak of the 2024 crypto supercycle. Currently, the price of LINK is in the range of $7-8. The rapid adoption of blockchain data by enterprises was a major driver of LINK’s price increase. Chainlink enables companies to leverage innovations in the smart contract economy by giving them a secure, abstract layer to easily interact with any smart contract. Many leading companies and institutions are already working with Chainlink to unlock additional sources of income and benefit from the services offered.

According to predictions from ambcrypto, the Chainlink price for April 2024 is expected to fluctuate between $17.80 and $20.48. Price predictions from Coin Codex also show that Chainlink is expected to trade in a range of $20,774 to $36,383 in 2024, with the potential to reach $40. With the strategic partnership between Chainlink Labs and PwC Germany to accelerate blockchain adoption by enterprises, as well as continued technological developments, Chainlink (LINK) shows exciting growth potential in the future.

It is important to remember that the crypto market is highly volatile and influenced by many external factors, so investors should do their own research before making an investment decision. With a focus on technology development and wider integration, as well as increasing enterprise adoption, the prospects for growth in investment value in Chainlink (LINK) in the future look bright.

5. The GRAPH

The graph (GRT) has been dubbed “Google for blockchain” due to its important role in providing decentralized data for blockchain. The potential increase of up to 100x from $0.1 to $10 for GRT is supported by the integration of new tokenomics and the high commitment of The Graph developers. Over time, the chart has reached several important milestones. In October 2021, The Graph launched Mainnet 2.0, which offers significant improvements in network performance and security.

Then, in February 2022, The Graph announced an integration with Solana to extend the reach of its query and indexing services into the Solana ecosystem. In August 2023, The Graph released the latest version of its protocol, which introduced new features such as Subgraphs V2 and Subgraph Studio. By continuing to innovate and adapt to the needs of the rapidly evolving blockchain market, The Graph (GRT) shows exciting growth potential in the future.

Closure

Ethereum (ETH), Polygon (MATIC), Decentraland (MANA), Chainlink (LINK) and The Graph (GRT) have proven to be five pioneering altcoins and have performed exceptionally well so far. The five of them have the potential to seriously explode into leading positions when they enter the peak of the 2024 crypto bull run supercycle.

The fundamental prospects regarding the adoption and development of Ethereum blockchain technology, Oracle Network, Metaverse and Graph Database in the next 2-3 years are very promising. This is the main determinant of the massive upside of these altcoins at the peak of the bull run later.

Added to this is the high popularity, market liquidity and very mature ecosystem of these five crypto-assets. Investors should also consider the potential of Litecoin (LTC) and NEM (XEM) as small-cap cryptocurrencies that could offer extreme upside surprises amid bull euphoria.

So, despite the very high volatility, the opportunity to make mega-scale profits at the peak of the bull market remains very open. A long-term investment strategy with good risk management is key.

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