With a major rally expected sometime in 2024, industry watchers have shared the top signals they look for to indicate when crypto has reached peak euphoria.
Celebrities hocking nonfungible tokens (NFTs), big-budget crypto ads and mainstream brands adopting crypto slang are the signs to watch for during the next bull market that could indicate a peak, according to crypto analysts.
The crypto industry is expected to see a major rally in 2024. In the past 90 days alone, Bitcoin (BTC) has surged to clock in a 74% price increase. Some analysts expect the next Bitcoin all-time high to come in late 2024.
But are there ways to indicate when the next bull market peak will come? Analysts think there is.