Two altcoins rose by at least 40% this week, while the two largest cryptocurrencies by market cap, Bitcoin (BTC) and Ethereum (ETH), have stalled.
XRP and Chiliz Fan Engagement Token (CHZ) have increased by 14% and 9% respectively in the last 24 hours alone.
XRP has increased by 48% over the past seven days and CHZ has increased by 40% over the same period.
A cryptocurrency legal expert recently said Ripple’s lawyers should feel confident in the XRP lawsuit with the United States Securities and Exchange Commission (SEC).
“Elon Musk was at the DOGE.
What could be the SEC case for XRP.
It would be great if it worked the same way, it’s not necessary.
Never any guarantees, but it’s an exciting narrative for what is essentially a meme coin …
I’m down for full posting, these are the relevant resistances
I’ll mercilessly download the moment I get cold feet (and ducks get cold easily – we don’t wear shoes) but until then I’ll be an XRP maximalist. “
CHZ appears to be riding a wave of momentum from a recent fundamental development.
A wave is hype about the project’s work to launch CHZ 2.0, which will be its native blockchain designed for high speed and scalability.
We don’t have to rely on ERC20 or ERC721 equivalents forever. In @chiliz we think we can make some innovations in addition to fungible token formats. Because we work with over 100 of the largest brands in the world, it’s easier to deploy and scale. $ CHZ https://t.co/iRsShRQjAa
– Alexandre Dreyfus (@alex_dreyfus) August 22, 2022
According to Santiment, the CHZ is also seeing a boom in whale activity.
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