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The 2023-2024 (Alt) Bull Run and the Great Alt Price Reset of 2024.

All Cryptocurrencies

by COINS NEWS 84 Views

I will keep this brief. If you look at my posts, though I am the opposite of expert, you will learn that I invest heavily into crypto and look for trends to help me make decisions. With that said, the purpose of this post is to help inform you on your decisions.

Key takeaways:

  1. There was a bull run this past year
  2. BTC's bull run has not ended.
  3. Almost every alt did at least 100%+
  4. Majority of alts that benefited from the bull run have lost pretty much all of their gains.
  5. Many alts are actually doing far worse than their pre-bull run prices.
  6. My analysis assumes you invested exactly a year ago, not later or earlier. Otherwise none of the analysis here applies.

The bull run slowly began sometimes in August of last year picking up steam in September-October 2024. It peaked Mid-March 2024, a few extended into April, before majority of them getting dumped over the last 3-5 months.

The information below can be better visualized in this picture.

Only 1 crypto did 500%+ had you invested into it exactly a year ago:

Solana. 660% to be exact.

Only about 10-15 did 100% or more from the 55~ish that I tracked.

HNT 400%+, RUNE 275%+, NEAR 175%+, BNB 136%+

These did about 100%:

(INJ, RENDER, MKR, STX, ENS all did 100%~%).

BTC:

Up exactly 100%

LINK:

63%

ETH:

Up +35%.

ADA:

+19%

The reset? Whatever you invested is now either broken even or heavily in the red.

Some notable crashes: Some if not all of these alts that are heavily in the red did 100-400% and lost all of their gains.

ARB: -52%. ATOM -52%, MATIC -32%, LTC -38%, APT -20%, XLM -5%

What will I be doing with this information? I took out the majority of my money in March 2024. I am now investing in all of the ones that are well-know, about the same as the start of the bull run, and did really well during said bull run. Which ones? I will not mention them as I don't want this to be financial advice, but they are somewhat loosely mentioned above.

Anyway, I hope you find this thread informative. I hope you make great gains. And I hope that there is another bullrun.

If you have any questions, just ask below.

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