Where to Invest Cryptocurrency During a Bull Run?

What’s Happening in Crypto in 2024?

2024 is shaping up to be one of the most exciting years in crypto history. Bitcoin nearly tripled in value since late 2023, soaring from $37,000 to a record-breaking $99,500, while Ethereum surged past $3,500, still not hitting a new all-time-high, but its best peak in months. While there’ve been some dips — like the 6.92% correction in late November — the market’s momentum is still strong.

Analysts are bullish, pointing to institutional adoption, clearer regulations, and the approval of Bitcoin spot ETFs as key drivers of this year’s rally. Let’s look into the situation in general and peek into some tools that will help you take advantage of this situation while protecting you from the next dip.

Which are cryptocurrencies to choose for 2024?

Let’s start by looking at the ‘old but gold’ solutions on the market: the classic trusted coins that haven’t failed investors in the long run.

Bitcoin: The King of Crypto

Bitcoin remains the cornerstone of the crypto market and the go-to choice for both institutional and retail investors. The approval of Bitcoin spot ETFs in January 2024 has brought over $20 billion in institutional inflows, further cementing its dominance.

Why Bitcoin’s Leading the Market:

• Institutional Momentum: ETFs managed by giants like BlackRock and Fidelity have attracted new capital from pension funds and family offices.
• Halving Impact: The April 2024 halving cut block rewards from 6.25 BTC to 3.125 BTC, creating a supply squeeze and driving prices up.
• Macro Trends: Softer monetary policies and inflation concerns have made Bitcoin the ‘digital gold’ of choice for investors.

Outlook

Bitcoin is expected to break $100,000 by the end of the year, and some analysts even see a path to $150,000 by 2025.

Ethereum: The Workhorse

Ethereum’s role as the backbone of decentralized finance (DeFi) and NFTs keeps it in the spotlight. Recently surpassing $3,500, Ethereum has shown resilience amid Bitcoin’s dominance.

Why Ethereum’s a Smart Bet:

• DeFi & NFT Growth: Ethereum continues to power the most significant decentralized applications and marketplaces.
• Increased Open Interest: With open interest reaching $21.4 billion, investors are betting big on ETH’s future.

The Big Picture

Ethereum hasn’t hit a new all-time high in the past year, suggesting its growth potential is still untapped. Long-term investors see this as a prime opportunity.

Emerging Opportunities

These may be less solid at first glance, but they’ve definitely proved themselves over time, too, and deserve serious investor attention.

Dogecoin (DOGE): The Meme That Won’t Quit

Dogecoin is back in the spotlight, thanks to Elon Musk. His tweets and mentions of DOGE — including naming a government initiative after it — continue to stir excitement among retail investors.

Why Dogecoin Still Matters

• Musk’s casual mentions regularly cause price surges.
• Its loyal community and meme-driven culture make it a unique player in the crypto space.

Outlook

Analysts predict DOGE could hit $0.7 in the next few months, especially with Musk’s influence driving momentum.

Toncoin (TON): Telegram’s Star

Toncoin, closely tied to Telegram’s growing ecosystem, is becoming a favorite for those who believe in practical crypto use cases. With its integration into Telegram mini-apps, TON’s utility is on the rise.

Why Toncoin’s Worth Watching

• Telegram’s ecosystem ensures ongoing adoption of TON.
• Its utility-driven growth makes it less reliant on market speculation.

TON could reach $9–$10 this year, making it a promising option for speculative growth.

The Role of Stability: Why You Need a Low-Risk Savings Tool

The crypto market’s explosive growth comes with volatility. Corrections and dips are natural in bull markets, and smart investors know that stability is key to navigating them. That’s where a low-risk savings tool like Coinhold by EMCD makes all the difference.

How Stability Works for You

• Offset Losses in Dips: Even when prices fall, your coins in a savings account keep earning interest, softening the blow.
• Multiply Gains in Bull Runs: As prices rise, the interest you’ve earned compounds, boosting your returns.
• Peace of Mind: With a stable, income-generating tool, you’re not just holding your assets — you’re growing them.

Coinhold by EMCD: A Smarter Way to Invest

Coinhold is designed for investors who want stability without sacrificing growth. Whether you’re new to crypto or a seasoned trader, Coinhold lets you earn passive income while holding your assets securely.

Why Coinhold Stands Out

Market-Leading Returns:

• Up to 8% annually on Bitcoin and Ethereum.
• Up to 14% annual returns on stablecoins like USDT and USDC.

Low Risk, High Flexibility:

• Flexible Deposits: Withdraw funds anytime without losing earned interest.
• Fixed-Term Deposits: Lock your funds for up to a year to maximize returns.

Built for Security:

• EMCD uses industry-leading security protocols to protect your investments.
• Supported only by established cryptocurrencies like BTC, ETH, LTC, USDT, and USDC.

How to Use Coinhold to Your Advantage

Using Coinhold isn’t just easy — it’s smart. Here’s how to make the most of it

Pick Your Deposit Type:

• Flexible Accounts : Ideal if you want quick access to funds during market opportunities.
• Fixed-Term Accounts : Perfect for locking in higher returns over longer periods.

Diversify Your Portfolio:

• Use stablecoins like USDT or USDC for steady returns during volatile periods.
• Hold Bitcoin and Ethereum in Coinhold to earn interest on top of price gains.

Monitor Market Trends:

• Watch for corrections and dips. Tools like Coinhold let you stay invested while softening losses during downturns.
• Reap the rewards of compound interest when the market rebounds.

Conclusion: Balance is the Key to Success

2024’s bull run is packed with opportunities, but smart investing means balancing risk and reward. High-growth assets like Bitcoin and Ethereum are essential, but pairing them with low-risk tools like Coinhold ensures you’re prepared for whatever the market throws your way.

By offsetting losses during dips and multiplying gains during surges, Coinhold is the perfect partner for your crypto journey. Ready to let your coins work for you? Visit emcd.io and start growing your portfolio today!

Disclaimer: The views and opinions presented in this article do not necessarily reflect the views of CoinCodex. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.