🚀 XRP skyrockets 17%! The top five mainstream coins show stunning performance in 24 hours. Did you seize this market wave?
According to Mlion.ai analysis, the cryptocurrency market has experienced a remarkable rise in the past 24 hours, with XRP leading the mainstream coins with an astonishing increase of 17.25%, becoming the biggest winner in the market. What market logic is hidden behind this wave of行情?
📈 Policy benefits ignite market sentiment
The strong performance of the market is no coincidence. On July 17, the U.S. House of Representatives officially passed the "GENIUS Act," which is regarded as an important milestone for the digital asset industry. The passage of this stablecoin regulation bill establishes a clear regulatory framework for stablecoins pegged to the U.S. dollar, greatly enhancing the market's confidence in the compliance process of cryptocurrencies.
💰 Analysis of the performance of the top five mainstream coins
1/XRP: The king returns, a shocking 17.25% increase
XRP's explosive growth is undoubtedly the highlight of this market wave. The 17.25% increase in 24 hours, coupled with a trading volume of $16.8 billion, demonstrates the market's strong confidence in its future development.
2/ETH: Steady rise of 3.33%, continuous release of ecological value
Ethereum also performed impressively, with a 3.33% increase reflecting its core value as a smart contract platform. A 24-hour trading volume of $43 billion reflects the market's recognition of the continuous development of the Ethereum ecosystem, especially in areas such as the integration of AI and blockchain, and innovations in DeFi.
DOGE: The king of meme coins marches steadily, with a 2.50% increase
Dogecoin's 2.50% increase, though relatively moderate, shows its strong community foundation and market liquidity with a trading volume of $11.2 billion. The deep-rooted meme coin culture provides unique value support for DOGE.
BNB: Platform coin steadily grows by 1.39%
BNB's 1.39% increase reflects the stable characteristics of platform coins, with a trading volume of $2.5 billion highlighting its important position in the ecosystem.
BTC: Bitcoin's kingly demeanor, with a gentle increase of 0.59%
Although Bitcoin's increase is relatively moderate, the massive trading volume of $49.5 billion showcases its market leadership. The current price has surpassed the $119,000 mark, and technical indicators suggest there is still room for further growth.
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Source: mlion.ai
