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While two altcoins have gained at least 40% this week, the top two cryptocurrencies by market capitalization, Bitcoin (BTC) and Ethereum (ETH), have stalled.
XRP and fan engagement token Chiliz (CHZ) are up 14% and 9% respectively in the last 24 hours alone.
XRP is up 48% over the past 7 days while CHZ is up 40% over the same period.
A cryptocurrency legal expert recently said Ripple’s lawyers should be confident in their XRP litigation with the U.S. Securities and Exchange Commission (SEC).
Pseudonym Crypto Analyst CryptoDonAlt To tell The SEC lawsuit could boost XRP like Elon Musk did against Dogecoin (DOGE). share A graph of the relative resistance of XRP.
“Elon Musk was at DOGE.
What would the SEC case be in the case of XRP?
It would be nice if we could play the same way, but it doesn’t have to be.
No guarantees, but it’s an exciting story of what is essentially a meme coin…
I’m down for full transmission, these are the relevant resistors
When my feet get cold, I’ll relentlessly throw them away (ducks get cold feet quickly – we don’t wear shoes), but until then I’ll remain an XRP maximalist.
CHZ appears to be riding a wave of momentum from recent fundamental developments.
One wave is the hype for the project’s work towards the launch of CHZ 2.0, its own native blockchain designed for high speed and scalability.
You don’t have to rely on just ERC20 or ERC721 equivalents forever.and @chiris In addition to the fungible token format, we believe we can bring some innovation. Partnered with over 100 of the world’s leading brands, it’s easy to deploy and scale. $CHZ https://t.co/iRsShRQjAa
Alexandre Dreyfus (@alex_dreyfus) August 22, 2022
According to the CHZ, whale activity is also on the rise. santimento.
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