Contents
The crypto market sentiment is starting to teeter closer to being neutral. It is not a setback: the crypto projects are more likely to be valued fairly. The ChangeHero team compiles a list of ten promising projects likely to catch on when the bull market starts!
Disclaimer
This article is not a piece of financial or investment advice. When dealing with cryptocurrencies, remember that they are extremely volatile and thus, a high-risk investment. Always make sure to stay informed and be aware of those risks. Consider investing in cryptocurrencies only after careful consideration and analysis of your own research and at your own risk.
Key Takeaways
- Based on historical analysis, a crypto bull run will start in late 2024. It follows four-year cycles between Bitcoin halving events.
- Many altcoins, if not most, will follow the price rise in Bitcoin if history repeats itself. However, how far the price would surge is down to more factors, ranging from fundamentals to luck.
- The ChangeHero team has prepared a list of promising altcoins that can show results in 2024 and 2025. It covers diverse cryptocurrencies, from tokens of DeFi projects working with real-world assets to underdog older coins with hidden potential.
How Do We Know A Bull Run Is Coming?
The crypto market historically has shown a tendency to operate in cycles not unlike economic bubbles. It all starts with Bitcoin halving events: a pre-programmed protocol change that slashes the miner rewards in half.
Next, the supply and demand interaction steps into the picture. The issuance rate of new BTC is slowing down, meaning the available assets rise in price. This trend is especially noticeable on the long-term Bitcoin charts: the “up only” meme is not entirely baseless. The crypto space tends to follow the market trends in Bitcoin due to its place in the industry.
The halving events occur roughly every four years, and in the same period, with a lag of up to a year and a half, the Bitcoin price reaches a new all-time high. Since 2009, there have been five BTC halvings and four complete crypto market cycles, so we are now in the middle of a new one.
So when is the next crypto bull run? Believe it or not, it is already slowly gaining steam but the very peak is projected to happen in Q2–Q3 2025. If it is true, then a mini bull run in 2024 will be dwarfed next year. Nevertheless, big or small, there are profits to be made in any kind of bull market!
If you want to read a deeper dive into the bull run predictions and projections, check out this article. Let’s review ten digital assets that have the potential to go big in 2024, in no particular order.
Ten Crypto Projects to Rally in the Next Bull Run
ORDI
Getting the obvious out of the way: the Ordinals protocol transformed the Bitcoin community last year. As the BRC-20 token most directly associated with this innovation to the decades-old blockchain, ORDI is most closely primed to benefit from the Bitcoin bull run in 2024.
ORDI also had the first-mover advantage among the rest of the Ordinals-based tokens, so today it is 1,579% up from its all-time low, priced at $48.09. Nevertheless, there is no reason to believe it cannot make another big move when the opportunity arises.
ONDO
Another token that has been steadily picking up steam since mid-January with almost no major pullbacks is Ondo DAO and Flux Finance’s governance token ONDO. Owning a stake in the governance of these platforms starts to make sense once you know Ondo Finance, which offers tokenized US Treasuries and bonds, was made by institutional investors, for institutions.
The capital injections from the Bitcoin ETFs carried projects that cater to the new slice of the market. At the same time, the public sale on CoinList and complete token unlock prove the dedication of the team to democratizing institutional-grade finance.
Biconomy (BICO)
If you don’t care much about institutions dipping their toes in crypto or Bitcoin-adjacent shenanigans, this one is for you. Biconomy made the news with a recent announcement of enabling delegated authorization for AI agents to autonomously manage on-chain transactions.
The Biconomy multi-chain relayer for gasless transactions is actually used in Curve Finance, dYdX, and Decentral Games. Their native token BICO is mostly relevant for node operators but traders note that more than three-quarters of its total supply is already in circulation, alleviating inflationary pressure.
Having launched in December 2021, the BICO token has been through only the bearish side of the cycle. Now that the time of the next crypto bull run is drawing near, it has the chance to experience the other side of crypto market cycles.
Kaspa
In a way, Kaspa is a project that feels a little old-school in 2024. It is a Proof-of-work (PoW) network that runs on a directed acyclic graph (DAG) instead of a blockchain. It does not promise lightning-fast transaction speeds, as even the algorithm which does not orphan blocks but can maintain consensus for all of them, has its limitations. Nevertheless, for a PoW chain, Kaspa offers extremely low latency with all the security benefits.
But why would a project like Kaspa be in demand in 2024? After Ethereum moved to Proof-of-Stake (PoS) in 2022, GPU miners had plenty of power to spare. This has helped Kaspa (KAS) to move up in the popularity ranks, bringing its market capitalization above $1B. It may not be the hottest or most profitable coin to mine with GPUs today but it is a sustainable option with robust support.
Ethena (ENA)
Another crypto protocol that has been in the spotlight recently is Ethena. It belongs to the same league as Flux Finance: Ethena USD (USDe) is a synthetic stablecoin, backed by real-world assets. What sets it apart is the sophisticated balancing mechanism, which involves delta hedging derivatives positions in the assets held as collateral.
In other words, USDe is an algorithmic stablecoin, reminiscent of Terra USD. UST’s rise to prominence was spectacular, as Terra climbed to the top ten in the cryptocurrency market in mere months. However, Ethena looks a lot more promising because it does not have the fatal faults that led to Terra’s downfall.
METIS
Since 2021, Ethereum has moved on to PoS and introduced the initial stages of sharding on the base layer. Turns out, it was still not enough to extinguish the Layer-2 narrative and make a dent in the demand for them.
Last cycle, Polygon made a timely move to become the biggest Ethereum L2 network and its native token MATIC experienced massive gains. Metis, which has since pivoted from DAOs to reimagine itself as an L2, is in a similar position. Its reputation as a provider with the lowest fees can help a lot with coming out on top in the next crypto bull run.
StarkNet (STRK)
Currently, the biggest Ethereum L2s are mostly utilizing optimistic rollups (Arbitrum, Optimism, Base). However, it is not strictly because they are superior to the alternative, zero-knowledge rollups. Even though optimistic rollups had the first-mover advantage, more ZK-rollup solutions are entering the crypto space.
StarkNet is one of those recent ZK-rollup L2s that has introduced a governance token STRK. The rationale for picking it as a strong contender for inclusion in the crypto portfolio for the upcoming bull run in 2024 is the same as with Metis. STRK inflation through token unlocks puts some pressure on the token price but its innovative approach to scaling may be the thing that boosts StarkNet’s value.
Artificial Superintelligence Alliance (ASI)
Don’t be surprised if you have not heard this name: the token is not out yet! This label at the moment is basically three tokens in a trenchcoat: AGIX, FET, and OCEAN.
SingularityNET, Ocean Protocol, and Fetch.ai announced a merger into the Artificial Superintelligence Alliance (ASI) in late March. The tokens of the respective projects would also be converted and merged into the new asset, ASI. Whether the ASI will be successful in advancing a decentralized artificial general intelligence (AGI) remains to be seen but with the AI narrative going strong, digital assets like ASI are primed for strong performance in the next bull run in 2024 and 2025.
Chromia (CHR)
Chromia is a layer-one blockchain platform with smart contracts, featuring relational architecture. On the surface, it can be compared to Polkadot or Celestia. The CHR coin is your run-of-the-mill utility token: its primary uses are transfers, fees, and staking. Chromia aims for a niche that has long been oversaturated so why do we think it belongs in this list?
Despite okay fundamentals, we believe that Chromia (CHR) will be a better vehicle for speculative investment during the next bull run. The asset is occasionally trending in South Korea, and SK markets, especially Upbit, are massive and a serious factor once you start paying attention.
Aethir (ATH)
Last but not least, a rather new asset that has been in the crypto sphere for only a few days, Aethir (ATH). From the use case alone, it has the makings of a promising altcoin to hold in this bull run.
Aethir is a blockchain-based cloud-computing infrastructure platform that promises to bring a competitive and scalable GPU-sharing network. Their services are sought after by booming industries: machine learning and cloud gaming, to name a couple.
Readers who are fine-tuned to the crypto space will recognize it as a competitor of Render (RNDR) and Akash Network (AKT), which had a first-mover advantage. Despite that, ATH can repeat the success of RNDR, which gained almost 100x in early 2024, in the next bull run.
Conclusion
The crypto ecosystem is as robust as ever, and the current neutral market confidence creates a perfect backdrop to pick the assets that have the best chances to provide real value.
What do you think about our team’s list? Do you have suggestions? Share them with other crypto enthusiasts on our social media: Telegram, X, Reddit, and Facebook. Learn more about the cryptocurrency world in the articles with valuable insights from the ChangeHero team.
