Global #market activity

Ripple (XRP) is experiencing a surge in investor interest, evidenced by a recent spike in transaction volume exceeding $7 billion. This significant increase, accompanied by price fluctuations, suggests renewed market activity.

Solana (SOL) has been making waves in the cryptocurrency market, with analysts speculating a potential surge to $780.

Hamster Kombat's airdrop is here! The long-awaited Token Generation Event has begun, distributing 75% of the total supply directly to the community. However, concerns are swirling about potential network congestion and price volatility.

Shiba Inu (SHIB) has been grappling with a persistent downtrend since March, leading to a significant erosion of investor confidence. This prolonged decline has seen many investors retreat from the asset, resulting in diminished trading volumes and market activity.

Polymarket, a decentralized prediction market platform, has achieved unprecedented growth in July, setting new records for trading volume, active traders, and new accounts. The platform recorded $387 million in volume for the month, more than tripling its previous all-time high of $111 million set in June.

Galaxy Digital CEO Michael Novogratz has once again reiterated his bold stance on memecoins, labeling them not just as a fleeting trend but as a "cornerstone" of the cryptocurrency industry. This declaration comes amidst a mixed reception from the broader crypto community, with some echoing his sentiment while others remain skeptical.