CandleFocus Huge Rise in Altcoin Compared to Ripple (XRP)! Here's Why!
2024-12-03
Author: Content Editor
Chainlink's native token, LINK, experienced a surge of 29% on December 3rd, leading supporters to label it as the true "bank money" and drawing comparisons to XRP. This surge came after several developments in Chainlink's ecosystem and discussions about LINK's role in connecting blockchain networks to traditional financial systems. The rise in LINK's price coincided with a rally in XRP, which climbed to $2.46 before retracting. Chainlink advocates argue that LINK's partnerships with major financial institutions make it a strong contender for the title of "bank money," while dismissing XRP as a "banker-themed memecoin" that has failed to gain significant traction for cross-border payments.
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