Two crypto assets rise 40% or more in just one week, far better than Bitcoin and Ethereum
Two altcoins are up at least 40% this week, while the two leading cryptos by market capitalization, Bitcoin (BTC) and Ethereum (ETH), stall.
XRP and fan engagement token Chiliz (CHZ) are up 14% and 9% respectively in the last 24 hours alone.
XRP is up 48% in the last seven days and CHZ is up 40% over the same period.
A crypto legal expert recently said that Ripple lawyers should feel safe in the XRP lawsuit with the US Securities and Exchange Commission (SEC).
Pseudonym cryptanalyst CryptoDonAlt says The SEC lawsuit could boost XRP like Elon Musk did for Dogecoin (DOGE), sharing a graph of XRP’s relevant opponents.
“Elon Musk was going to DOGE.
What the SEC case could be for XRP.
Would be cool if it played out the same way, no need.
Never any guarantees, but it’s an intriguing narrative for what is essentially a meme coin…
I’m down for full send, these are the relevant resistors
I will dump mercilessly the moment I get cold feet (and ducks get cold feet easily – we don’t wear shoes), but until then I will be an XRP maximalist.”
CHZ appears to be riding a wave of momentum from a recent fundamental development.
One wave is hype on the project’s work to launch CHZ 2.0, which will be its own native blockchain designed for high speed and scalability.
We don’t need to rely forever only on ERC20 or ERC721 equivalents. On @chiliz we believe we can bring some innovation on top of fungible token formats. As we work with 100+ of the biggest brands in the world, it’s easier to deploy and scale. $CHZ
— Alexandre Dreyfus (@alex_dreyfus) 22 August 2022
CHZ is also seeing a boom in whale activity, according to Santiment.
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered straight to your inbox
Check price action
Follow us on TwitterFacebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/Pattern Trends/VECTORY_NT
