Whether people are already trading crypto or not, many people wonder: when will crypto go back up? People often ask this in order to time the market perfectly – they want clear evidence of a market shift before investing. However, what if we told you that you don’t need to wait for crypto to go back up to make solid investment choices now?
With Moralis Money, you can discover what crypto to buy now and ride the next wave of altcoins producing massive gains!
Altcoins have extraordinary potential. Although the average performance during a bull market is about 50x to 70x, the right altcoins can easily 100x or even 1000x during the next bull run. For instance, in 2019, AAVE was trading at only $0.32. At its peak, it reached a high of $707.67, an approximate increase of an incredible 221,000%!
The 100x Potential of Altcoins
Imagine you stumbled upon Elrond (EGLD) late in November 2020 when it was trading at $9.18. Just a year later, the price spiked, and EGLD traded at $542.58 – a 5,800% increase:
Even better, imagine you found Polygon’s MATIC when it was trading at just $0.003. A few years later, the token was bought and sold at $2.90 – an increase of 96,400%:
Investing only a tiny fraction of your portfolio into these two tokens at the right time would have resulted in amazing returns. We know, as our team of traders already identified these coins before they took off and gained 59x and 965x, respectively!
Three Common Pitfalls for Crypto Investors
You need an emotionless, objective, and simple approach to achieve similar returns and not miss the bull run as crypto goes back up. With the proper tools, you can avoid these common investing mistakes:
- FOMO – Making emotional investment decisions is a mistake. Traders often FOMO at the top, unfortunately leading to timing price dumps instead of price runs.
- Crypto Scams – Detecting scams can be challenging. Unfortunately, many traders have gotten tricked by exit scams and rug pulls.
- Time – Analyzing and keeping track of tokens is a full-time job.
So, what is the solution?
How to Know When Crypto Will Go Back Up
We built Moralis Money so you can avoid these three common investing mistakes made by 99% of people. Moralis Money is the easiest way for you to discover undervalued coins before they pump or start trending. So, with Moralis Money, you can quickly find true market alpha.
Those who want to experience Moralis Money can try it out in the following widget. It takes the guesswork out of which coins will go up at any given time. Get access to real-time on-chain data to stay one step ahead of whales and sites like CoinGecko and Coinpaprika. Either use our preset filters or set your very own! When you’ve tried out the tool, make sure to read the rest of this article for the full scoop on when crypto will go back up.
With the average bull market increase of 50x and 70x for quality altcoins, they are yours for the taking!
It is also possible to make significant gains even in a bear market by simply knowing when crypto will go back up. In this article, we’ll not only explain how to use Moralis Money to understand when crypto will go back up. We’ll also cover the fundamentals of timing your investments right.
So, how exactly can you dodge the three common crypto investing mistakes? Also, how can you find new crypto coins early?
Avoid FOMO with Token Explorer
With Moralis Money Token Explorer, you can avoid FOMO by staying one step ahead of everyone. Find the next big crypto coin with a 50x – 100x potential in the near future with ease!
So, how does this work?
First, open up Token Explorer.
Then, apply the Coin Age filter to get all coins listed within the last day:
As you can see, with Moralis Money, it does not have to be difficult at all to find the best crypto to buy right now!
However, what if you only want coins that are actually gaining traction?
Simply apply an additional Holders filter to identify coins that users actually buy:
Adding filters can shorten your journey to finding the next up-and-coming altcoins before anyone else.
Going forward, the Moralis Money team will add 10x more filters. They are working hard on filters like ”Profitable Whales”, ”Profitable Meme Coin Investors”, and many others. The current filters are only a teaser of what’s to come!
Use Token Shield to Dodge Scams
With Token Explorer, you can effortlessly find tokens with great potential. Token Shield, on the other hand, keeps you safe from scams. All you need to do is identify the shield to get information about the DEXT score:
A score of 99 is the highest; meanwhile, a score of 1 is the lowest. For more information about how the score is calculated, you can click on the shield, and it will take you to the following page:
What’s more, the Moralis team is continually improving the Token Shield feature by adding more security information. In doing so, the value of the Token Shield feature will easily 10x in the near future. As such, you will be able to avoid any scams going forward!
Stay Informed with Token Alerts
With Token Alerts, you do not need to stay put in front of your screen. This feature will allow you to stay up-to-date with everything token-related. Customize your alerts to get notified over email when new opportunities arise based on your own preferences.
For example, imagine this is your search query: ”Give me all coins on Ethereum minted today, which has been bought by a minimum of 1000 whales.” Token Alerts will notify you about coins matching this filter in real time.
Simply save your query, go to accounts, and click on the bell button:
Thanks to Token Alerts, you can trade with real-time data and information without the need to be full-time in crypto!
Note: Token Alerts is launching shortly; sign up today and be among the first to use this feature!
Understanding Historical Crypto Prices
Did you know that in the early days, Bitcoin traded at just a fraction of a penny? The first significant price increase came in 2010, when the price jumped to $0.09.
Since the launch of Bitcoin, we have seen tens of thousands of altcoins emerge and skyrocket in price. The history of the crypto market is volatile, and to understand this, let’s take a closer look at a historical chart of Bitcoin’s price:
By examining the chart, you can see the high price fluctuation of Bitcoin. In addition, let’s also examine the overall crypto market:
The chart above shows the overall cryptocurrency market cap, and as you can see, it is quite similar to Bitcoin’s price development. This means the price of Bitcoin is a convenient gauge for understanding the overall cryptocurrency market. But it is essential to know that Bitcoin’s performance does not directly influence other altcoins’ performance.
By examining the Bitcoin price chart, we can see that Bitcoin peaked at around $64,800 in April 2021. This is Bitcoin’s all-time high; since then, it has declined to a current value of $28,105.
The big question is, will Bitcoin return to its all-time high or surpass it? And maybe even more interesting, will the total cryptocurrency market cap also continue to grow?
Crypto Forecasting – Will Crypto Go Back Up 2023
The historical price charts from the previous section are great indicators of the overall trend of the crypto market. You can see that the crypto market has been steadily growing since the launch of Bitcoin. With each bull run, Bitcoin and the market have come back even stronger!
Along with a growing trend, several macroeconomic factors in 2023 indicate that the crypto market will go back up this year. Here are two examples:
- Inflation – During 2022 and early 2023, the world has been experiencing high global inflation. The trend continues, even though it will likely be less than the previous year.
- Eroding Trust in Banks – Another factor pointing towards that crypt might go back up in 2023 is the eroding trust in banks. This is, among other things, an effect of the collapse of Silicon Valley Bank.
Also, since the beginning of the year and the last couple of weeks, the price of Bitcoin has been trending upward. This is another indicator pointing toward a likely Bitcoin outbreak – but you cannot be entirely sure when crypto will go back up without using Moralis Money!
Why Will Crypto Go Back Up?
So, why will crypto go back up? Here are three reasons:
- Money Printer Goes Brr – Coins like Bitcoin have an inflation-proof design with a limited supply. This directly contrasts central banks’ monetary policy with quantitative easing – essentially, the money printer goes brr.
- Decentralized Applications (Dapps) – The crypto industry features a robust network of dapps built on Ethereum, other EVM networks, Solana, and Aptos. These applications bring additional utility for users, providing a higher value.
- Other Currencies and Tokens – Each network above has its own native currency and hosts other tokens. This means that there are other coins besides Bitcoin that might break out first. With Moralis Money and its Token Explorer, you can easily identify them before they skyrocket and reap the full benefits of the next bull market!
Bitcoin Price USD
Another thing to remember is that Bitcoin’s price depends on what currency it is nominated in. Although Bitcoin’s price is almost always denoted in USD, it is worth noting that different currencies fluctuate. This is important to keep in mind when Bitcoin goes back up if a currency’s price has suddenly changed since the last Bitcoin peak.
Find Tokens When Crypto Go Back Up
Here, we’ll demonstrate how to use Moralis Money to find tokens before they pump.
For instance, the first thing you should do is sort coins by their age. Let’s use Token Explorer and apply the Coin Age filter:
Adding the Coin Age filter for less than 50 days allows you to identify fresh opportunities and new coins.
However, that is not all.
With Moralis Money, you can combine multiple filters to find exactly what you’re looking for. This means you can be more specific. So, let’s apply the Experienced Buyers filter to find coins that have gotten a minimum of 50 new ”experienced buyers” in the last week:
Lastly, let’s also find coins with positive liquidity by adding the Liquidity filter. So, let’s search for coins that have increased liquidity by at least 1 in the past week:
This is one of Moralis Money’s killer features, allowing you to find coins before the crypto market goes back up. You can also save your queries, enabling you to keep a list of customized filters for finding coins before they pump.
Combining Custom Filters with Moralis Money
Part of the power Moralis Money provides is combining custom filters to create unique search queries.
With this killer feature, you can identify when crypto will go back up and specific coins pump. For instance, you can easily find the best Arbitrum gems in a heartbeat!
Save your queries, and have your customer filters only a click away.
All Moralis Money user plans allow you to save custom queries. However, serious traders will likely want to upgrade to the Pro plan. Doing so will allow you to save up to ten queries.
Summary – When Will Crypto Go Back Up?
With Moralis Money, you no longer need to guess when crypto will go back up.
Thanks to the Token Explorer feature, you now know how to get rich quick. Furthermore, you’ll be able to discover altcoins that will easily 50x, 100x, or even 1000x in the next bull market!
You no longer need to be on the sidelines and can start trading like a pro with Moralis Money.
Also, the Pro plan is available at a discount until Bitcoin’s price reaches $30k. So, take advantage of this special deal while you have the chance. After all, the Bitcoin price is closing in on $30k, and with new features launching every day, the value of Moralis Money will easily 10x shortly!
If you liked this article, feel free to also check out our guide on the PulseChain mainnet launch! Also, read our article on the HEX crypto price prediction or find out the answer to the “why is crypto crashing?” question!
What’s more, there is more to crypto than trading. You might also want to become a builder.
Create cross-chain dapps, like a Web3 wallet or a blockchain explorer, or get into Web3 marketplace development. With the Web3 APIs from Moralis, you can build killer dapps smarter and more efficiently.
If you want to learn more about becoming a Web3 developer, visit the Moralis docs.
