The bull run happens based on a trend in the crypto world. I have been observing this for a few years now. I know there are several reasons to bring more investors from the real world to increase the value of cryptocurrencies but at the same time, people invest only if there is a trend or a benefit for them. At one point when I entered, I did not know anything about Bitcoin but my intention was to trade 24 hours instead of trading in the stock market only from 9:15 am to 4:30 pm. That was the selling point for me.
If you take a look at the bull run, there has always been a reason. It can either be regulatory changes in countries or it can be because of a blockchain event but the outcome has always been great because we all end up having a bull run. When a bull run happens, the price of Bitcoin pumps followed by the altcoins. A few years back the competition was very low. There was just one coin that was very popular and it was Bitcoin and later Ethereum became very popular and when it came out with many innovations, people were attracted to that and started buying Ethereum.
Now that the market is dull right now, I'm wondering what could be the next trend in the crypto world. NFT used to be a big thing some time back, especially during the previous bull run and people were attracted to buying a lot of NFTs. At one point gaming was also the key thing and people wanted to start playing blockchain games and earn from them. That trend is also slowing down a little bit. I wouldn't say that it is completely gone but there are other things that have started getting the focus from people.
A few years after DeFi became popular, we saw a huge crowd getting a FOMO. There were liquidity pools and swap features available and people started making use of the DeFi investment. I was not a huge fan of that because it was more like only the early bird got its prey. I'm sure many people made a lot of money with the DeFi. For me the real DeFi was locking my HBD in savings and getting 20% from the investment because that's something that has never changed in the last few years and also sounds realistic.
Blockchain gaming still has huge potential because it combines both earning and fun aspects. People can do both or be here just for fun. There is always a huge demand for blockchain gaming. Some of the games that are currently available in the blockchain world are just small ones but when big players start entering the market, it will then start setting a new trend and start attracting new investors.
In my personal opinion, for the next bull run to happen, there should be a new trend set that would attract people from the real world and make them invest. Otherwise, even if a bull run happens it wouldn't last long.
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