Crypto Is Getting Wild Already! A Quick Recap
In what should have been a recession year (which most likely is being pushed off until after the elections) has turned into a massive bull run rally already. With Bitcoin hitting a new all time high (ATH) of $72,500 and continues to see to grow like crazy. We are starting to see those values trickle down into alt coins as well ushering in just crazy amounts of money and wealth to those who have been building hard during the bear market.
Yesterday I wrote a article about the stock market and it's all new highs but also the ultra wealth starting to back out of stocks into what could be assumed as cash and assets again. You can read that in full detail here: The Ultra Wealthy Sellout
Coming up soon will also be the famous halving event, now just a little over a month away. It's been proven in the past that normally there is a sell off just before or right on the halving event but soon after sparks again ATH rally. So while I do see ourselves having a pull back on the price of bitcoin hard in the next 30 days I also see us at just the start of the bull run which should run crazy hot for the summer.
Ethereum
With bitcoin hitting all new highs it shouldn't come as a surprise that Ethereum isn't far behind. It's also true that Ethereum has a lot going for it at the moment. Things such as a massive burn happening that's putting Ethereum into a deflationary token which you can read more about here: Ethereum Burning and the very real possibility of a Ethereum ETP/ETF and scaling solutions actively happening in a much more rapid pace for the blockchain it's clear that it should be a major player in this bull market.
The Memes
When the memes run hot it's normally time to lock in profits. Meme coins like $PEPE which I called out to be a major player this year a few months ago have seen explosive growth.
With tokens like these now up over 500% it's time to take some of those gains and not be greedy which is a common thing many people do. Diamond hands sure but take your profits! It's a mistake so many make.
*This article is for entertainment purposes only and is not financial advice. Do your own research before investing and understand the risks.
NVIDIA
This was a stock I called out back in the last bull run as being a key player. Mainly because NVIDIA was the single supplier at the time of GPUs that where used to mine Ethereum which was booming. This created record breaking profits for the company. Then when the bottom fell out when Ethereum went to proof of stake these GPUs started to come down in price along with the stock. However soon after within a year NVIDIA found new ground on the back of AI which is now a massive area being heavily invested in. So much so that Intel is trying to catch up but they are not expected to until late this year or into 2025 meaning NVIDIA stock should do decently well for the next few months as AI continues to ramp up and be a hot topic.
Top Cryptos To Look At
This is a personalized list of other tokens I believe you should keep an eye on.
The first being $GALA while the company has had a bit of splintering in recent months it's clear that it's going to be a leader of taking web2 games and brining them into web3. They actully do this in what I think is a very very smart way. Allowing the player to decide if and how they want to get involved with the crypto side of the game. They also just announced a major hackathon with Alienware which should spark some new games to hit the market here soon.
The Memes...
Personally I feel if you're not already in these tokens then you've missed out. You should have been stacking these like DOGE when everyone thought it was just a dumb joke. There's faucet sites countless of them that were pumping out tokens like PEPE, FLOKI, SHIB etc which have now 6x in price and might still have a little more to go behind them. Mainly the speculation at the moment is to get a coinbase listing. It's unclear if this will happen but if it does expect another blip and for sure a area you would want to take profits, again in my opinion but you do you!
AI
Ai has been a focused area and I wrote in detail on a lot of these AI focused blockchains and how they work in a recent article here: Crypto & AI Exploding What Projects Are Skyrocketing?
Many of these tokens have already seem massive growth so the chances of them pushing forward now are getting lower and lower. Out of all of them Fetch IA is building a compute system which seems like it will have decent demand behind it.
Well there ya have it a quick recap of projects I've been highlighting and how they have been performing so far. Is the bull run just getting started or is it time to lock in some of those gains? Let me know your thoughts down in the comments.
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Unfortunately I don't hold enough PEPE to really make it worth taking gains. Sad, but true. It would have to be four figures in gains for me to consider selling.
I still have 15k Dogecoin leftover from after the last Elon Pump.
They were all free from the numerous faucets all over the internet back in 2015 to 2018. Wow!
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A lot of unprecedented surprises. Most of us who didn't really value those coins are virtually regretting the opportunity lost. There is no doubt even the altcoins and the memes will definitely take the stage. Crypto assets are taking offer for sure.