3 Signs That Indicate the Start of a Bull Run in Crypto
If you’re a crypto investor, you might be feeling weary after almost three years without a bull run. However, there are certain signs to watch out for that can indicate the beginning of the next bull run. By recognizing these signs, you won’t miss out on the significant gains that the crypto market can bring you.
Sign #1 – The Price of $BTC Pumps
In every bull run, Bitcoin’s price has been the trigger. This is because Bitcoin is not only the first-ever cryptocurrency but also has the highest market cap and widespread popularity. When Bitcoin’s price starts to rise, it attracts new money from people who are not familiar with altcoins. This is likely how you started investing in crypto as well. So, when you see Bitcoin pumping, it’s a clear sign that the bull run is beginning.
Sign #2 – The Prices of $ETH and Other High Market Cap Altcoins Pump
Ethereum, as the second-largest cryptocurrency by market cap, is often the next altcoin to experience a surge in price after Bitcoin’s pump. Investors who missed out on Bitcoin’s rise look for the next best alternative, which is usually Ethereum. Additionally, those who have made profits from Bitcoin often reinvest their gains into Ethereum. This cycle then repeats with other high market cap altcoins like BNB, XRP, and ADA.
Sign #3 – Mid and Low Market Cap Altcoins Pump
The real gains in a bull run come from mid and low-cap altcoins. These coins have smaller market caps and require less capital inflow to significantly increase in price compared to high-cap coins like BTC and ETH. As demand for high-cap coins dwindles during the bull run, investors start looking for opportunities in mid and low-cap coins. If you’re not invested in quality altcoins by this point, you might miss out on the most profitable part of the bull run.
What You Should Do to Prepare for the Bull Run
To maximize your gains during a bull run, follow these steps:
- Allocate a portion of your portfolio to Bitcoin before it pumps.
- After Bitcoin’s pump, move your gains into quality, high-cap altcoins like Ethereum.
- Once high-cap altcoins start pumping, transfer your gains to quality mid and low-cap altcoins.
- When mid and low-cap altcoins start pumping (Sign #3), remember to take profits and secure your gains. Move them to stablecoins or fiat currencies.
Keep in mind that emotions like FOMO and greed can cloud your judgment during a bull run. Stick to your profit-taking strategy instead of letting emotions guide your decisions. And remember, no one knows exactly how long a bull run will last.
Hot Take: How to Maximize Your Gains During a Bull Run
If you’re interested in maximizing your gains during the next bull run, check out AltcoinBuzz Alpha. They can help you identify quality altcoins and improve your chances of success. Don’t miss out on this opportunity to enhance your crypto investments!
Althea Burnett stands as a luminary seamlessly blending the roles of crypto analyst, relentless researcher, and editorial virtuoso into an intricate tapestry of insight. Amidst the dynamic realm of digital currencies, Althea’s insights resonate like finely tuned notes, reaching minds across diverse horizons. Her ability to decipher intricate threads of crypto intricacies harmonizes seamlessly with her editorial finesse, transforming complexity into an eloquent symphony of understanding.