OWNR Wallet blog background

Cryptodictionary: Bull Run

Bull Run, also called bull trend or bull market is a state of market when prices are on a steady rise, investors are feeling confident about the future of assets and the general market climate is favorable. The term appeared in the stock market but is often used for particular cryptocurrencies. A trend is usually considered bull when a cryptocurrency coin gains at least 20% in price.

Cryptocurrency bull runs are characterized by a prolonged upward period after a decline or so called bear trend. Cryptocurrency development is cyclical, so bear and bull trends always follow after one another.

Cryptocurrency market is volatile, so even seemingly innocuous events can cause a bull run for some coins. For instance, Elon Musk’s tweets about Doge coin caused its price to skyrocket in spring 2021.

Bitcoin’s bull runs can be caused by the halving events, bitcoin whales purchasing large amounts of coins. 2021 has been often named a year of a bull on the cryptocurrency market in general. This is proven by the fact that more than 53 new crypto unicorns, or projects with a market cap of over $1 billion have emerged.

Buying cryptocurrency calls or the rights to purchase assets at a fixed price or before a certain date is considered to be one of the best investor strategies for a bullish trend.

Keep reading

What is Ethereum and How Does It Work?

What is Ethereum and How Does It Work?

26 September 2023

Learn about Ethereum, a ground-breaking blockchain network that is decentralized and allows for safe peer-to-peer transactions using smart contracts. Participants are fully in control and have total visibility thanks to immutable and validate transactions. In this in-depth guide, explore how to utilize Ethereum's user-created accounts, a private key, and its native currency, Ether, as you discover its capabilities.
Read more
What Is Tron (TRX) and How Does It Work?

What Is Tron (TRX) and How Does It Work?

22 September 2023

In this article we will talk about one of the most ambitious projects in the crypto industry over the last few years. Its creators propose to decentralize the entire Internet. The project is called Tron. The token of this project is Tronix or TRX. Below, we will tell you everything you need to know about this cryptocurrency and about this project: the story of its creation, how it works, and its advantages. So after this article, you will have a full understanding of what the player called Tron is like in the vastness of the blockchain.
Read more
What is Dash? (DASH)?

What is Dash? (DASH)?

22 September 2023

Appearing as an alternative to Bitcoin, DASH blockchain has become a pioneering network that aims to revolutionize the way we perceive and utilize money. With its focus on privacy, speed, and governance, it offers a unique approach to digital cash, providing users with an efficient and secure payments system for conducting fast transactions. 
Read more