On July 18, the crypto market displayed impressive growth, reaching a record capitalization of $4 trillion. Small altcoins such as Chainbase and Assemble AI saw significant price increases.
Crypto Market Hits $4 Trillion
The crypto market achieved a new milestone on July 18 with a total capitalization of $4 trillion. This surge was driven by the passing of the GENIUS Act and other initiatives in the U.S. Congress, positively impacting investor sentiment.
Surge of Sologenic and Chainbase Tokens
The Sologenic token experienced significant price increases following XRP’s record high. Consequently, SOLO’s market capitalization surpassed $203 million. Chainbase also saw a remarkable increase of over 230% after its listing on Binance, leading to a market cap of $72 million.
Small Altcoins Show Gains
Several small altcoins, including Assemble AI and DegenCoin, also posted significant growth, likely linked to the rising investor interest in AI-related assets and the market’s recovery.
In conclusion, the crypto market demonstrates significant growth, likely due to new initiatives in cryptocurrency and increased investor interest in altcoins.
