Dec 25, 2024
Ibiam Wayas
Anyone remotely familiar with the workings of the cryptocurrency market understands its cyclic nature. Like a rollercoaster, it goes up and down.
For many investors, the big question is, “When is the next crypto bull run”? Telling when the crypto market will trend upwards is a big ask, as there are tons of deciding factors.
The latest Bitcoin halving event occurred in April 2024, but it’s still in effect. Historically, halvings have been associated with price increases.
Ethereum’s scalability upgrades, especially the “Triple Halving,” are vital changes that could really affect the future of cryptocurrency prices. It includes three major adjustments: staking, burning fees, and reducing the number of new Ethereum coins made.
Innovations in interoperability and scalability are key factors that could drive future increases in cryptocurrency prices. Faster and cheaper transactions make cryptocurrencies more practical and appealing for daily use and large operations.
GameFi’s potential to spearhead the next crypto bull run lies in its ability to merge entertainment with economic incentives, making it a gateway for new users and investors.
DeFi services like lending, borrowing, and trading democratize access to financial services. The growth and innovation in DeFi can attract more users to the crypto market, potentially increasing demand for cryptocurrencies and driving up prices.
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