The crypto community has been concerned about how long the exploding reign of cryptocurrency will last. No one has been able to give a definite or even a speculative answer.
The Chief Information Officer of BlocKTower, Ari Paul, has attempted to answer the question. He thinks the bull run will last for at least another nine months.
On February 4, Paul tweeted that the crypto industry is in the 7th inning (using the baseball sports lingo, LOL) of the crypto bull market. Adding more to it, he said that the Dizzy Rotation is our destination. The leading digital currency Bitcoin (BTC) is going up, and when the BTC takes a breather, Ethereum and some other altcoins rise up.
The comment by Paul about the bullish run of the market is regarding the crypto beast BTC and other altcoins not just the recent scene of exploding altcoins. Although, in a standard nine-inning game, the seventh inning might seems late. Paul said in another different tweet that he started counting the bull market from the all-time lows of the last cycle at the end of 2018.
The 2017 bull run of the market has represented a significant moment of prosperity in the price of the assets in the crypto space and this includes BTC that hit its first all-time high in that year but crashed in the following year, 2018. But it went on to overshoot the previous 2017 all-time highs in December 2020.
Giving a definite timeframe, my prediction is 9 to 22 months, Ari Paul said concerning the continuing crypto market bullish run. However, giving response to a reply to his tweet, he said that in terms of price, the crypto beast, BTC, will run to about $100k – $400K, and the other altcoins will do much better.
He ended by saying that while BTC is consolidating, the altcoins will be moving gradually, but a new surge will overshadow the performance of the altcoins over time and that indicates the beginning of a new run in the market. Bitcoin, on the other hand, is once again standing on the cusp of hitting the $40k milestone. As of the press time, BTC’s price value is standing at around $39,963 with a change rate of 6.11% in the last 24 hours.
At Tokenhell, we help over 5,000 crypto companies amplify their content reach—and you can join them! For inquiries, reach out to us at info@tokenhell.com. Please remember, cryptocurrencies are highly volatile assets. Always conduct thorough research before making any investment decisions. Some content on this website, including posts under Crypto Cable, Sponsored Articles, and Press Releases, is provided by guest contributors or paid sponsors. The views expressed in these posts do not necessarily represent the opinions of Tokenhell. We are not responsible for the accuracy, quality, or reliability of any third-party content, advertisements, products, or banners featured on this site. For more details, please review our full terms and conditions / disclaimer.