Two Crypto Assets Soar 40% or More in Just One Week, Far Outperforming Bitcoin and Ethereum
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Two altcoins are up at least 40% this week, while the two leading cryptos by market cap, Bitcoin (BTC) and Ethereum (ETH), are stalling.
XRP and fan engagement token Chiliz (CHZ) have gained 14% and 9% respectively in the last 24 hours alone.
XRP is up 48% in the last seven days and CHZ is up 40% in the same period.
A crypto legal expert recently said that Ripple’s lawyers should rely on the XRP lawsuit with the US Securities and Exchange Commission (SEC).
“Elon Musk was supposed to do DOGE.
What the SEC case could be for XRP.
It would be great if it worked the same way, no need.
There are never any guarantees, but it’s an exciting tale of what is essentially a meme coin…
I await a complete submission, these are the relevant resistors
I will mercilessly quit as soon as my feet get cold (and ducks get cold easily – we don’t have shoes), but until then I’m an XRP maximalist.”
CHZ appears to be gaining momentum from recent fundamental developments.
One wave is the hype of the project’s work to launch CHZ 2.0, its own native blockchain designed for high speed and scalability.
We don’t have to rely only on ERC20 or ERC721 forever. at @chiliz we believe we can bring some innovations on top of the exchangeable token formats. Because we work with over 100 of the world’s biggest brands, it’s easier to implement and scale. $CHZ https://t.co/iRsShRQjAa
— Alexandre Dreyfus (@alex_dreyfus) August 22, 2022
According to Santimenti, CHZ is also seeing an upswing in whale activity.
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