The crypto market is trading sideways, and most cryptos including Bitcoin are in the red today and have been, for the last few days. This goes to show that in spite of the random rallies bears are still in control of the market. However, lots of developments are happening at the moment, both on the technical front, and in preparing the market for institutional investors.
This means that once bullish sentiment returns to the market, the upside momentum could be way higher than that of 2017. But with the increased levels of awareness in the market today, there is a good chance that not every coin out there will be headed to the moon. Chances are that only cryptos with strong fundamentals will outperform the market in the next Bull Run. Based on the above factors, two cryptos that are likely to perform well in the next rally are Dogecoin (DOGE) and Digibyte (DGB).
Dogecoin (DOGE)’s price action has been quite interesting this year. It has had a consistent rise for the last 4 months or so, even as the rest of the market trades sideways. Relative to the rest of the market, Dogecoin (DOGE) has been one of the best performers so far. While there are multiple factors that have contributed to this, including the listing on Robinhood, Dogecoin’s main strength comes from its usage. Dogecoin (DOGE) is one of the most transacted cryptocurrencies in the market today.
Going into the future, the usage of Dogecoin will only get bigger. It will get bigger because the Dogecoin (DOGE) community is quite vibrant, and is getting better with time. This is a factor that will play a huge role in pushing up the value of Dogecoin (DOGE) in the next Bull Run. This is a coin that already has a use case and a community that also doubles up as a marketing force for this coin, a factor that will provide momentum going into the future.
Digibyte (DGB) is another crypto that has a good chance to grow fast in the next Bull Run. Unlike most cryptos whose use case is largely speculative, Digibyte (DGB) has a proven use in the market, as can be seen in its adoption by Antum, a digital identity platform. Since cybersecurity is already a serious problem all across the world, it then follows that Digibyte’s market share will continue to grow. This makes it a prime candidate for growth in the next crypto market Bull Run.
Digibyte’s growth in a bull market will also be pushed by the passion of the Digibyte (DGB) community towards this coin. Like the Dogecoin community, the DGB community is so passionate that it has been quite proactive in charity events aimed at driving up awareness towards Digibyte (DGB). These are factors that will play a major role in driving up the value of DGB in the next Bull Run and could see it outperform the rest of the market.
In essence, these two cryptos have huge potential in the next Bull Run. They not only have the fundamentals for such a move but also have passionate communities behind them, driving up the levels of awareness.