Bitcoin is firmer at spot rates.
After plunging to as low as $49,000, the coin has since spectacularly recovered, adding an impressive 30%.
Although there are immediate challenges, market participants are upbeat.
Most expect prices to soar, breaking above the psychological resistance at $70,000 and overcoming barriers at $72,000.
Is Bitcoin And Crypto Preparing for A Q4 2024 Bull Run?
There are multiple triggers at play that could propel the world’s most valuable coin to new heights.
The question remains: Is the crypto market preparing for a bull run in Q4?
Last year, Bitcoin bottomed up in mid-October, rising to as high as $73,800 after the approval of spot ETFs.
This time, the leg up could be fanned by economic factors.
With institutions behind the coin, looking at the over $57 billion worth of spot ETFs managed by firms in the US, BTC may be ready for a leg up in Q4 2024.
Last week, the US Federal Reserve slashed rates by 50 basis points, citing improving economic conditions and falling inflation.
As the market received this slash with surprise, it also formed a basis for buyers to channel funds to safe-haven as the central bank changed its strategy away from inflation.
Being the first rate cut in over four years, analysts expect the coin to rip higher, even breaking $74,000 and soaring to six digits at $100,000.
Besides inflation risks, investors are worried about the mounting debt in the United States. Bitcoin could be an asset to hedge against economic uncertainty.
Coupled with institutional adoption, especially with BlackRock endorsing crypto and Bitcoin and MicroStrategy buying even more coins, there are more reasons to get BTC exposure.
As interest in BTC rises, its dominance is at multi-month highs. Some analysts predict this dominance will fall as the altcoin season starts.
For this reason, smart investors are specifically banking on quality altcoins to outperform BTC in the expected bull run in Q4 2024.
Will Pepe Unchained Outperform BTC In Q4 2024?
Top of the list is Pepe Unchained , a meme coin platform that’s building a layer-2 solution on Ethereum.
While the idea of building a dedicated layer-2 for meme coins is novel, it is the interest from investors that explains why PEPU, the native token, could soar on launch.
Pepe Unchained has raised over $14.7 million in the ongoing presale.
Each PEPU is available for$0.00983.
Pepe Unchained is also introducing the “ Pepe Frens With Benefits ,” which will distribute grants to developers building on the layer-2.
Applications will be open after the PEPU presale ends in Q4 2024.
Besides the grant, PEPU holders can stake , receiving a 142% APY. Currently, over 1.1 billion PEPU have been locked.
EXPLORE: Buying and Using Bitcoin Anonymously Without ID (Updated 2024) | 99Bitcoins
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
