MultiversX Tracker is Live!

Decoding Bull Runs: A Comparative Analysis of Top 10 Cryptos in Historical Surges

All Cryptocurrencies

by COINS NEWS 100 Views

Decoding Bull Runs: A Comparative Analysis of Top 10 Cryptos in Historical Surges

Bull run is one of the most anticipated period of Crypto because the market stays green for a prolonged period of time and during bull runs majority of investors are bullish and the demand of top-performing coins outweighs their supply.

We have seen 3 major bull runs since the start of crypto.

  1. First Bull Run (2013)
  2. Second Bull Run (2017)
  3. Third Bull Run (2021)

During the first bull run which happened in 2013 there were not so many coins around so we will focus on the second and third bull run.

  • Second Bull Run (2017): It was Second bull run which made news and everyone started getting to know about crypto. During the same period, a growing number of crypto exchanges cropped up around the world, offering investors a chance to trade cryptocurrencies. The emergence of stablecoins and growth in Ethereum's smart contract technology contributed to the positive sentiment during the same period as well.

The top 10 best-performing coins of this bull run according to their Market Cap are given below:

https://preview.redd.it/m9kbntfzfjub1.png?1774&format=png&auto=webp&s=8474f5fd26930bac61c4c835345f9d99fed71a44

In this bull run we saw BTC and ETH strongly holding the top 2 positions with BCH and XRP fighting for the third spot.

  • Third Bull Run (2021): The third bull was the most innovative bull run in the history of Crypto because NFTs, RCPs, Blockchain gaming all were very hyped during this period and the prices of coins sky-rocketed with BTC reaching ATH of $69k and ETH reaching ATH of $4.8k. Many big companies and names started investing in Crypto during this period.

The top 10 best-performing coins of this bull run according to their Market Cap are given below:

https://preview.redd.it/gig2y1kkhjub1.png?1753&format=png&auto=webp&s=67ff8143b74ec8ef8aa373ad20e0cbeee95295fa

Here again we can see that BTC and ETH are holding the top 2 spots strongly followed by BNB and ADA.

  • Next Bull Run: We all are eagerly waiting for the next bull run and no one actually knows when will it happen but there are some common things which caused previous bull runs out of which one of the major is BTC Halving. The first BTC Halving happened in November 2012 and we saw bull run in 2013, The second BTC Halving happened in July 2016 and we saw bull run in 2017, The third BTC Halving happened in May 2020 and we saw bull run in 2021. So, the next BTC Halving will happen in April of 2024 so we can expect the next bull run to start in 2025 although there are many other events which can cause it such as ETFs Approval.

Takeaway:

So while we are waiting for the next bull run it is best to prepare yourselves so that you can get the most benefit out of it. If we look at the 2nd and 3rd bull run we can clearly see that only BTC and ETH are holding the top two positions comfortably while most of the other coins are different so we might again see a whole different list in the next bull run. That's why BTC and ETH are one of the safest investment one can make and there is no guarantee that the top performing coin will perform good in the next bull run.

Discussion:

What are your reflections on the historical bull runs of cryptocurrencies and the performance of the top 10 coins? Feel free to share your thoughts in the comments guys.

Thanks

submitted by /u/shoaib_ahmed_007
[link] [comments]

Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments