Recently, the Crypto Assets market has experienced a remarkable pump. Bitcoin set a historical high of $122,838 a little over two weeks ago, and although there has since been a 4.2% pullback, market sentiment remains positive. Many traders believe that after stabilizing at the current high level, Bitcoin might break through new highs again.

This round of pump is not limited to Bitcoin; other mainstream Crypto Assets have also benefited significantly. Over the past year, XRP, TRON, Solana, and some popular meme tokens have all reached new highs, reflecting investors' confidence in the entire crypto market.

Currently, the total market capitalization of crypto assets is approximately 4 trillion dollars. Although there has been a 5.6% pullback in the last 24 hours, indicating that the market may be entering a brief adjustment period, this has not affected investors' expectations for the upcoming bull market. Many are starting to pay attention to those crypto assets that have the potential to surpass historical highs.

It is worth paying special attention to Ripple (XRP). As a cryptocurrency focused on cross-border payments, XRP has performed outstandingly this year. On July 18, the price of XRP reached $3.65, surpassing the historical high of $3.40 in March 2018. Although the current price has pulled back to around $3.25, a decrease of 10.7% from the high, it still shows a growth of 2.2% in the past 24 hours, demonstrating a certain level of stability.

The popularity of XRP is mainly attributed to its real-time settlement capabilities, extremely low transaction costs, and the ability to handle global transfers without intermediaries. These advantages have made it quite popular among institutional investors. Additionally, the adoption of XRP by international organizations such as the United Nations has further enhanced its credibility. In 2023, a U.S. court ruled that retail transactions of XRP are not subject to securities laws, which cleared some regulatory hurdles for XRP. It is expected that by 2025, as related regulatory disputes gradually resolve, XRP will enter a more stable and attractive development phase.

As the Crypto Assets market continues to mature, investors need to closely monitor market dynamics while cautiously assessing the potential and risks of various Crypto Assets. Although the current market shows a rising trend, investors should remain rational and manage risks appropriately to cope with the challenges that this highly volatile market may present.