With Bitcoin (BTC) surpassing $57,000 for the first time in over two years, many believe we are in the early stages of the next bull run in the cryptocurrency market. Given that the project is set to undergo its next halving cycle in April this year, many analysts expect BTC to go even further. Analysts consider halving cycles to be bullish because they reduce the supply of an asset.So, let's take a look at the three projects to watch as we enter a bull market later this year.Top 3 cryptocurrencies that could explode in the next bull runSolana (SOL):Solana (SOL) was one of the best-performing cryptocurrencies of 2023, rising nearly 1,000% at one point. SOL’s growth is particularly commendable, as the project was one of the most affected by the FTX debacle. The asset is currently up 385% since February 2023.If a bull market enters later this year, SOL's price could hit an all-time high. According to Telegaon, the asset could reach as high as $165.16 this year, up about 51.9% from current levels.Avalanche (AVAX):Avalanche (AVAX) is another popular crypto project that could soar in the next bull run. The project is known for its high transaction throughput and low fees, which may help the asset gain mass adoption.AVAX hit all-time highs in November 2021, like Bitcoin (BTC) and Ethereum (ETH). If BTC hits new all-time highs, AVAX may follow suit.Shiba Inu (SHIB):Shiba Inu (SHIB) is one of the most popular cryptocurrencies on the market. However, the asset has been declining since its October 2021 highs. Still, if a bull market enters later this year, SHIB could turn things around and reach new highs. In addition, the SHIB team is working on a new destruction mechanism, which is rumored to destroy trillions of tokens every year. If the team is able to reduce the supply of the project as the overall market enters a bull run, SHIB could break out to an all-time high of $0.00008616.
热点： BULL IN NEXT
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