Navigating the Latest Crypto Bull Run: A Quick Guide for Traders

December 2024’s rally saw Bitcoin breaking the $108,000 barrier for the first time ever.

Although this historic milestone saw a pullback, BTC maintained its position above $95K as investor sentiment remained bullish.

This is mainly because fundamental forces drove this rally instead of just hype.

In fact, the domino effect of Bitcoin's rise rippled through the crypto ecosystem and revived interest in many altcoins—especially meme coins.

The broader market will likely tilt toward the ‘greed zone’ as this bull cycle plays out. Many savvy traders are already using special tools to fully capitalize on this volatility.

A platform like MEXC, for example, offers traders a confident way to trade in multiple tokens with high liquidity and user-friendly tools to maximize returns. It’s already attracted over 30 million users in 170+ countries since its launch in 2018.

Bitcoin and Ethereum Lead the Bull Run

Institutional players ranging from dedicated crypto funds to traditional finance firms have shown long-term confidence in both Bitcoin and Ethereum.

Bitcoin has led this crypto market boom, and its rally has been nothing less than phenomenal.

Its recent push above $100,000 was a psychological pivot, reassuring many were skeptical about its future.

Recent ETF inflows only reinforced the positive sentiment. BlackRock’s Bitcoin ETFs took less than a year to cross $33 billion AUM—vs 20 years for its Gold ETFs.

BTC isn’t entirely unaffected by the macro trends. It has broadly correlated with NASDAQ's trajectory over the past few years.

So, it's crucial to monitor the index to gauge the chances of a Bitcoin rally.

U.S. stocks took a hit recently after the Fed hinted at a slower pace of rate cuts. Despite this, BTC has maintained its position well above its 200-day moving average to depict a strong bullish edge.

Bitcoin’s on-chain activity also surpassed its previous cycle’s highs to show a fundamental demand for BTC.

On the other hand, Ethereum strived to find a convincing close above the psychological resistance at $4,000.

Although it did not correlate with BTC’s rally, ETH’s December rally saw an impressive upside of over 50% as it hovered around the $3,700 mark at press time.

The maturation of Layer 2 ecosystems and the potential launch of Ethereum-based ETFs has captured massive institutional interest.

In its recent report, leading investment firm Bitwise predicted Ether to reach $7,000 in 2025.

Whales have started to stockpile ETH every time Ethereum’s price dips, betting on its long-term value proposition.

Buyers should still closely monitor the Altcoin Season Index to understand the market sentiment surrounding altcoins before opening a long position.

How Traders Can Capitalize on the Bull Market

It's important for traders to know how to fully take advantage of the bull market.

Capitalizing on these rallies takes more than market timing. It requires access to a platform that lets you trade a huge variety of altcoins with deep liquidity and low cost.

Traders often lose out if they cannot pivot quickly or get hold of tokens early before they catch the broader market’s attention.

For instance, MEXC offers high liquidity and lists over 3,000 trading pairs ranging from blue-chip coins to even lesser-known altcoins typically not found on other platforms.

MEXC’s deep liquidity pools exceed $100 million in trading depth to ensure that orders are executed quickly at stable prices.

This is important because it leads to lower slippage and less frustration for market participants.

The exchange is also known for its low trading costs compared to the industry average. Spot trading fees are just 0.050% (both maker and taker), and futures fees are as low as 0% for the maker and 0.020% for the taker.

This really adds up across multiple trades, especially in the context of a bull run.

MEXC’s philosophy “Your Easiest Way to Crypto” has resonated quite well at a time when complexity can easily overwhelm newcomers and frustrate experienced traders.

Many Analysts Predict the Start of a Memecoin Supercycle

The rise of the meme sector well above the $110 billion mark reaffirmed the market’s inclination toward meme coins.

Their valuations are expected to surge even higher.

Some of the hottest coins like Shiba Inu, Dogecoin, Bonk, Pepe, and DogWifHat, have seen YTD returns in triple-digit territory.

Meme coins rallied following Bitcoin’s surge as buyers looked beyond the large-cap cryptos for greater upside.

As the year comes to a close, many analysts believe that we’re still in the early stages of a meme coin supercycle.

For instance, @DeFiTracer’s recent post on X highlighted how the ‘Meme Coin Liquidity Index’ surged for the first time since 2021.

Investing early in a new meme coin could lead to significant profits if the token explodes. But that requires a marketplace that lists up-and-coming projects quickly.

MEXC has consistently listed popular meme coins early, allowing users to buy them before they hit the mainstream.

It supports early-stage meme coin projects and ensures that traders have the choice and liquidity to ride fast-moving trends with over 200 meme coins available.

Making the Most of Platform Features to Maximize Gains

As the bull market evolves, getting the right tokens is only half the equation.

It’s also about maximizing the use of platform features that increase profitability and mitigate risk. MEXC is equipped with several tools to assist traders in coping with volatility:

Airdrops & Special Events

MEXC hosts about 30 airdrop events every week, many of which are associated with newly launched tokens. These events distribute free tokens to active users and MX Token holders, helping users build a diverse portfolio without extra cost.

Over 1,000 airdrop events have been launched via Launchpad and Kickstarter initiatives in 2023 alone, where users could capitalize on massive returns on these free tokens.

Customer Support

Users often have questions or need timely assistance. With a team of more than 300 support professionals, MEXC ensures that users receive fast and reliable help when they have difficulties setting up an account, using deposits and withdrawals, or dealing with more complex trading scenarios.

This is where a responsive support system differentiates between a smooth trading experience and a frustrating setback, especially during periods of high volatility.

Launchpad and Kickstarter Programs

MEXC’s Launchpool and Kickstarter programs let users earn newly introduced tokens by simply participating and holding MX Tokens. This saves traders from scrolling through multiple platforms, conducting extensive research, and finding high-potential projects before they even take off.

Regularly Updated Insights and Education

Beyond just the trading platform, MEXC provides market analysis, educational tools, and community insights.

These resources help traders get ahead of major trends and get insights into the fundamentals of emerging tokens rather than simply chasing the hype.