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[maryanna]

On February 28, Bitcoin rose to $64,000, just one step away from the historical high of $69,000 in November 2021. When almost everyone is shouting that the bull market in the currency circle is coming and no longer traps others, a cruel fact is: Binance, with 1,170 coins, has only 7 coins that have broken through the previous high of the last bull market. The ratio is only 0.598%! They are TRB, INJ, AUCTION, RNDR, STX, POWR and TWT. Currencies that break through previous highs generally do not rise much compared to previous highs. However, for investors in the above currencies, they are lucky, at least they have recovered their principal. By analyzing the project types, we can find that the sectors involved in the tokens include oracles, AI, modularity, BTC L2, Internet of Things, and wallets. Many of these projects are popular narrative concepts in this round of market conditions. From this point of view, the investment logic of speculating in the new and not in the old still applies to the currency circle.

 

[Riberet19]

It could be that a bull market is coming or we are already in it, although I highly doubt the latter since altcoins have not yet had really big growth, although this cannot be a totally determining factor either, since this cycle can be totally different from the previous one.

 

[IB DD]

I believe that the bull run is already on us. Most altcoins have doubled their value of December, 2020 already or close to doubling that. I still think that the market would still remain bullish with the halving of Bitcoin bound to happen.

 

[IB DD]

From the looks of it, seems like the bull run would continue because people are predicting that Bitcoin would still set another all time high this very year as expected results of the halving. If that happens, altcoins would still keep on appreciating too.

 

[Skylark]

Predicting a bull market with certainty is impossible, but various indicators and analysts' opinions can provide insights.
However, it's crucial to remember that the cryptocurrency market is highly volatile and unpredictable. A bull market can quickly turn into a bear market, and unexpected events can impact prices.