Today We’re going to talk about Which Crypto Altcoins Will Soar In The Next Bull Run?
Bitcoin’s rally has taken some altcoins up with it in USDT value, and the best performing cryptos have even begun to lead Bitcoin and pump on their ALT/BTC pairs. Apart from Bitcoin and EtheruemLet’s explore which coins could be a buy for the next crypto bull run.
Coins to Buy for the Next Bull Run
The recent spike in Bitcoin’s price (now back over $22,000) also led to some massive pumps on altcoins. To help investors avoid FOMO’ing into the wrong assets, this market overview explore which coins have high potential to keep making gains over the next crypto bull run.
In addition to Bitcoin and Ethereum, other cryptocurrencies that may perform well in the next bull run include
1. Battle Infinity
Investing in a presale could be a wise investment choice if the early 2022 bearish market structure is about to turn around and flip bullish. The next crypto bull run could see new coins that launch for trading with a low market cap see a high return on investment (ROI) for early investors.
Battle Infinity is currently only a week into its 90 day presale as of late July 2022 and already has raised over 1250 BNB, the equivalent of $300,000 in USD terms.
This new crypto presale is for the Battle Infinity metaverse game’s native coin, IBAT, and runs until October 10th with a minimum purchase of 0.1 BNB and a maximum of 500 BNB.
Unlike other crypto games Battle Infinity aims to offer a range of metaverse gaming experiences, one of which will be a decentalized fantasy sports league, the IBAT Premier League.
IBAT Bull Run
During the 2021 crypto bull run, Axie Infinity made over 166,000% during its 12-month bull cycle from Nov 2020 to Nov 2021 – and an even bigger percentage gain for presale investors.
Battle Infinity hasn’t launched on crypto exchanges yet but could be one to watch for the next crypto market bull run, if that kicks off in the remainder of 2022 or early in 2023.
2. Waves
Waves is a blockchain protocol enabling developers to build smart contracts and DApps.
Waves Bull Run
WAVES has seen massive volatility in the last few months. Investors who bought the coin in mid-February 2022 watched the coin spike more than 650% by the end of March to set an all-time high (ATH) of $63.98. Since then, the coin dropped to $4.
WAVES’s recent jump saw the price rally about 150% in a day. The price can’t just keep going up, and a retrace is inevitable. Investors should also take note that Waves broke through key support at the $9 region, then went on to set new lows. The price is back at that region, trying to break through its new resistance.
3. AxieInfinity
Axie Infinity is a play-to-earn non-fungible token (NFT) designed as an online video game. Players earn the AXS tokens Axie Infinity Shards, the game’s native currency) after building teams of fierce creatures to conquer enemies by minting and collecting NFTs that represent digital assets known as Axies.
Axie Infinity Bull Run
In June 2021, Axie Infinity went on a massive bull run, pumping 4,500% to reach an ATH of $165 in November 2021. After losing 87% of its value, Axie Infinity may have reached the bottom before spiking just over 60%. The hourly chart has mostly revealed green candles for the last 24 hours, so a retracement is likely on the cards. The last thing that investors want is to buy the top.
4. Near
NEAR is the native token of the Near Protocol, which is a decentralized application (DApp) platform focusing on user and developer usability. NEAR token holders use them to pay transaction fees and storage. The launch of NEAR’s stable coin, USN, prompted investors to earn interest on NEAR.
Near Bull Run
NEAR went on a 1,200% rally from July 2021 to and reached an ATH of $20 in January 2022. Then, NEAR dropped 60% before recovering most of its loss, but it has been making new lows since the beginning of April 2022. Its recent spike of over 30% resulted in NEAR reaching closer to key resistance. If it can break through the $7.50 region, further upside is possible.
5. Cardano
Ripple is a global remittance platform that mostly works with large financial institutions, to help them work together more efficiently without the need for banks.
In 2021, Ripple moved into helping central banks create private ledgers based on Ripple’s ledger, as reported by Coindesk’s Jamie Crawley. These private ledgers will then be used for CBDCs (Central Bank Digital Currencies).
It is also important to remember that XRP, for a very long period, held the position of third-largest cryptocurrency by market capitalization.
And so, with that history, it might be very possible for it to return to these heights. People have seen what Ripple can do.
But the biggest reason why XRP should be on your list is that many believe that Ripple will win their court case with the SEC, which would be great for its price.
It is starting to look like the SEC doesn’t fully understand how XRP works and it has already been classified as a ‘virtual currency’ by Fin Cen in a previous case, not a security.
The primary concern with Ripple right now is the SEC (Securities and Exchange Commission) in the US.
Before all this drama, it was believed that Ripple had a good relationship with the SEC.
It started to look like Ripple was failing at one of the most important things it was supposed to be good at — working with US government agencies.
Aside from all this drama, some hardcore crypto enthusiasts would argue that as a centralised crypto, it’s too risky to invest in.
6. Chain link
Chain link is worth investing in for the following reasons:
Chain link is a well-established project within the crypto sphere with over 1,400 partnerships. Band Protocol had only 70 as of August, according to BeIn Crypto.
Ethereum’s merge of its Main net and Beacon Chain proof-of-stake systems will mean greater scalability, security and sustainability for Chain link making it an even more attractive option for future customers.
Chain link’s diverse offerings work with any smart contract-enabled blockchain network, which makes it a flexible option for enterprise clients.
Despite Chain link’s early entry into the distributed oracle network sphere, distributed oracle network technology is in its infancy. Chain link’s full potential is still unknown, but it shows great promise for overcoming the divide between real-world data and blockchain networks.
7. Compound (COMP)
Another crypto worth buying is Compound. It is one of the top crypto-lending platforms today, booming in the emerging Decentralized finance market.
Compound has been busy leveling up in the crypto-lending industry launching their new ‘Compound Treasury’, a service strictly for financial institutions where they can earn 4% fixed interest per year by investing US dollars.
This will provide a massive amount of liquidity to Compound and fuel its crypto-lending services. And with the interest in Decentralized finance exploding in 2021, the Compound Treasury looks like a top investment for institutions.
With all this extra liquidity at their disposal, Compound could essentially become the bank of the crypto world.
Aave by far is Compound’s biggest issue. Aave is one of the most popular lending platforms in the market but the two differ in the products they offer crypto holders and how they function.
Compound might be leading the way by getting institutional money into crypto-lending and Decentralized finance, but it doesn’t mean that it will be the last and most successful.
Furthermore, we also need to consider potential Decentralized finance regulations that could be put into place in the next few years.
Crypto-lending and Decentralized finance are showing very strong growth at the moment and the prospect of bringing big institutional investors into the fold could be another game-changer.
8. Binance Coin (BNB)
Currently the third-largest crypto by market cap, BNB had a quietly exceptional 2021, and it’s not surprising at all when you look into all the different parts of the crypto market Binance has invested in.
First and foremost, Binance Coin gets much of its value by operating as a discount token at the Binance Exchange; traders can get a discount on trading fees when they use the token.
That’s all well and good, but what really made BNB stand out in 2021 is the Binance Smart Chain (BSC). A new chain launched by Binance in late 2020 for smart contracts which also uses BNB as fuel.
In February 2021, Binance Coin dramatically rose in value as many devs jumped ship from Ethereum because of historically high gas fees and moved to the BSC because its gas fees are less volatile. (Compatibility with Ethereum’s virtual machine was also a big reason to move to the BSC.)
Today, the BSC is the third-largest platform for Decentralized finance projects, ahead of Bitcoin and second to Ethereum, and as the Decentralized finance market continues to grow, BNB usage could grow too.
And finally, it’s worth mentioning that if there is another significant bull run in 2023, holding BNB could pay off massively as traders flock to the Binance Exchange the largest crypto exchange in the world.
BNB is still a great buy, but with the tightening noose of regulation, Binance may get into a lot of trouble in the next few months and years. This is a significant risk that should be considered before investing in BNB.
