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Two crypto assets are up 40% or more in just one week, far outperforming Bitcoin and Ethereum

Two altcoins are up at least 40% this week, while the top two cryptos by market cap, 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 seven days and CHZ is up 40% over the same period.

A crypto legal expert recently said Ripple lawyers should feel safe in the XRP lawsuit with the US Securities and Exchange Commission (SEC).

Pseudonymous cryptanalyst CryptoDonAlt says SEC lawsuit could boost XRP like Elon Musk did for Dogecoin (DOGE), share a chart of the relevant resistances of XRP.

“Elon Musk was with DOGE.

What the SEC case could be for XRP.

It would be cool if it worked the same way, doesn’t have to.

Never any guarantees, but it’s an exciting narrative for what is essentially a meme coin…

I’m set to full power, these are the relevant resistances

I’ll relentlessly dump as soon as I get cold feet (and ducks get cold feet easily – we don’t wear shoes), but until then I’ll be an XRP maximalist.”

Source: CryptoDonAlt/Twitter

CHZ appears to be riding a wave of momentum in a recent fundamental development.

One wave is the hype surrounding the project’s work to introduce CHZ 2.0, its own native blockchain designed for high speed and scalability.

According to Santiment, CHZ is also seeing a boom in whale activity.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any risky investments in bitcoin, cryptocurrency or digital assets. Please note that you transfer and trade 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

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