Is There Still Room to Run in This Crypto Market Rally?

The crypto market has surged in value as 2024 draws to a close, and the numbers speak for themselves.

Bitcoin has surged 139% over the past year, while Ethereum, though impressive, has risen 71%.

Altify’s Top 10 Equal Crypto Bundle and Top 20 Market Crypto Bundle—offering low-cost diversification across the largest 10 or 20 cryptocurrencies in a single investment—have outpaced both Bitcoin and Ethereum, with gains of 159% and 131% respectively. This highlights how smaller cryptocurrencies are beginning to outperform Bitcoin in recent weeks, presenting exciting opportunities in the crypto market.

With a global cryptocurrency market cap exceeding $3.7 trillion (~R67 trillion), it now more than triples the total combined value of all companies listed on the Johannesburg Stock Exchange.

Once considered a fringe asset, cryptocurrency has become a major player in global finance—and this might be just the start.

Altify (www.altify.app), a regulated alternative investment platform with FSP number 52727, is backed by JSE-listed Sabvest and serves nearly 100,000 investors across South Africa and Europe through its mobile app and desktop platform.

Sean Sanders, Altify’s Founder and CEO, is a CFA Charterholder and seasoned crypto commentator. Here’s his perspective on the potential for continued growth in the current crypto rally:

“Recent events could mark a major turning point for crypto.

For the first time, the U.S. government is leaning pro-crypto, while the EU is implementing a landmark crypto regulatory framework.

In the US, Gary Gensler’s resignation as SEC Chair has fuelled hopes for a more supportive stance on crypto. Institutional investors, long deterred by regulatory uncertainty, now face a clearer path with the advent of Bitcoin and Ethereum ETFs. These funds are simplifying access to the largest digital assets and signalling a new era for the industry.

At the same time, reports of Microsoft accumulating Bitcoin and NASDAQ’s launch of Bitcoin options point to growing confidence from global heavyweights. Even discussions about a US Bitcoin “strategic reserve” underscore a profound shift in how crypto is viewed by mainstream players.

The question is often asked: is it too late to invest?

History suggests otherwise.

Bitcoin’s rise from $1,000 to $20,000 to $50,000 to recently $100,000 shows its ability to create fresh waves of opportunity. If pension funds or corporates like Microsoft allocated even 0.1% of their cash holdings to Bitcoin, it could trigger trillions in new investment.

Matching gold’s $13 trillion market cap would mean a 585% surge—a leap that could redefine finance as we know it.

Beyond Bitcoin, altcoins, DeFi, and tokenised assets are reshaping financial systems, driving innovation and creating new opportunities. With momentum building, we could be witnessing the early stages of a financial revolution.”

To support investors exploring these opportunities, Altify is offering a limited-time, fee free promotion* this December, covering:

40+ Top Cryptocurrencies — access major coins like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).

13 Auto-Updating Crypto Bundles — designed like index funds, these ready-made bundles take the guesswork out of choosing which cryptocurrencies to buy. They are automatically updated each month to keep your portfolio aligned with the market.

Gold — a trusted safeguard against market volatility, currency fluctuations, and inflation. With Altify, you can invest in Gold backed 1:1 by physical ounces securely stored in London Brinks Vaults, offering all the benefits of owning gold without the hassles of traditional ownership.

With Altify’s mobile app and desktop platform, investors of all experience levels can start investing across all these opportunities with zero fees.

*Altify Promotional Terms

Pay zero fees on all crypto purchases made with ZAR, EUR, GBP or USD between the 6th to the 14th of December 2024. *You can find Altify’s promotional terms here.

Start Investing in 3 Simple Steps

1. Sign Up
   Download the Altify Apple app or Android app, or sign-up online at https://www.altify.app/. Complete a quick FICA verification to get started.
2. Fund Your Account
   Deposit R150 or more via bank transfer or crypto.
3. Invest Fee Free
   Enjoy zero fees on all crypto purchases from the 6th until the 14th of December 2024.

Risk Disclosure

Altify SA Capital (Pty) Ltd (FSP 52727) and Altify SA DAS (Pty) Ltd (FSP 53289) are both authorised financial services providers (FSPs).

This article is provided solely for informational purposes. The opinions expressed herein do not constitute investment advice or recommendations, nor should they be regarded as such. This document does not represent an offer to buy or sell, or a solicitation of an offer to buy or sell, any of the investments mentioned.

Altify operates as a brokerage service facilitating the reception and transmission of crypto asset orders, without providing investment advice or personalised recommendations. While Altify advocates for the broader accessibility of cryptocurrencies, they may not be suitable for every investor.

It is important to consider your investment goals, experience level, and seek independent financial advice where necessary. Altify strongly recommends conducting comprehensive research before investing in cryptocurrencies.

Investors are solely responsible for their own investment decisions. Considering the high volatility associated with cryptocurrencies, please evaluate your financial circumstances carefully before engaging in transactions. Cryptocurrencies carry a high risk, with potential for both significant gains and losses. Investing in cryptocurrencies may lead to a total loss of capital.

Past performance is not indicative of future results, and returns cannot be guaranteed as cryptocurrency values fluctuate based on market supply and demand. Do not invest more than you can afford to lose and seek professional guidance if you are unsure about the suitability of a cryptocurrency investment for your specific situation.

Please refer to the General Risk Disclosures and Crypto Risk Disclosures on Altify’s website for more information. Investments should only be undertaken by individuals who fully understand these risks.

For additional details, please visit www.altify.app.