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Recently, the Crypto Assets market has been turbulent, and Ripple (XRP) has stood out particularly. Its market capitalization on July 21 exceeded that of the globally renowned fast-food chain McDonald's, attracting widespread follow from investors.
However, this glorious moment did not last long. According to the latest data from Infinite Market Cap, Ripple fell from a high of $3.64 this morning to $3.55. Currently, its total market capitalization is approximately $210 billion, having dropped to 86th place in the global asset market capitalization rankings, once again falling behind McDonald's, which is ranked 85th.
Nevertheless, the brief breakthrough of Ripple's market capitalization is still significant. This phenomenon may indicate a shift in the flow of funds within the crypto assets market, as investors' attention is gradually moving from Bitcoin to other altcoins.
The cryptocurrency trading company QCP Capital has analyzed this and believes that the altcoin season may be approaching. Data shows that the altcoin season index across major platforms has all surpassed 50. Although this figure has not yet reached the level for a full-fledged altcoin season, it has already set the highest record since December 2023.
This series of changes has sparked discussions within the industry about the future trends of the crypto assets market. Some analysts predict that funds may further shift from Bitcoin to other crypto assets such as Ethereum. Meanwhile, some experts anticipate that altcoin ETFs may be launched in the near future, with Solana possibly becoming a forerunner.
As the market landscape continues to change, investors are closely following this potential upcoming 'altcoin season.' However, given the high volatility of the cryptocurrency market, investors should remain cautious and thoroughly assess the potential risks when making decisions.