A crypto bull run could dramatically change the state of the crypto markets by raising the price of certain assets. The crypto market witnessed a bull run in late 2021. In this process, the price of the leading crypto Bitcoin (BTC) reached its historical high and remained at its high levels until the end of the year. For those new to the crypto world, the crypto bull run may seem like a foreign concept. For this, crypto expert Michael Grullon explains what you need to know about it and when to expect the next one.
What is a crypto bull run?
First, let’s look at the meaning of this concept. A crypto bull run is a market period in which the prices of a crypto asset rise steadily and continuously. Accordingly, the crypto bull run or ‘rising crypto market’ refers to a period of stable markets where cryptocurrency prices are constantly rising without witnessing any downward price action.
When a crypto-asset sees a consistent price increase over a period of time, analysts will label that time as a “bull run.” As an example, we can take the price action of the leading crypto BTC at the end of 2021. Bitcoin has seen consistent gains and only slight dips in price for months.
When is the next Bitcoin and altcoin bull run?
As you follow on Kriptokoin.com, the most recent crypto bull run started in late 2021, with BTC in the foreground. According to experts, another will arrive in 2022. With Ethereum Merge taking place in September, it is possible for multiple tokens to see ups and downs. This indicates a bull run soon.
Meanwhile, Shiba Inu (SHIB) and Ethereum (ETH) will likely be the leaders of the upcoming run. Positive news and reports for each token kept them growing throughout the summer of 2022. Some experts refer to ETH as a “sell the hype” situation. However, Ethereum will see a possible uptrend leading to Merge. Entering Q4, there were no major drops in either token. Therefore, a bullish run is possible in the near future, especially after Merge.
At the time of writing, the leading altcoin Ethereum is trading at $1,550, according to CoinMarketCap data. ETH was up 3.96% on a daily basis, while it lost 7.66% on a weekly basis. Meanwhile, Ethereum saw the ATH level of $4.9k about 9 months ago, namely in the bull run. However, it currently stands 68% off its peak. The popular meme coin, Shiba Inu, is changing hands at $0.00001217. SHIB also hit an all-time high of $0.00008845 in the previous bull run. However, it later lost 86% of its value with sharp declines.
8878
