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Cryptorank

XRP Value Towers Over LINK as ETFs Build Institutional Demand


by Coin Edition
for CoinEdition
XRP vs Chainlink valuation gap with ETF demand and SWIFT partnership context shown
  • The value of XRP is heavily influenced by the adoption of the XRPL network.
  • The Chainlink ecosystem has several products such as CCIP, which inherently gives LINK value.
  • The comparison between XRP and LINK misses the fundamentals as both assets solve different real-world issues.

Matt Hamilton, a former director of developer relations at Ripple Labs, has broken a deadlock between the Chainlink (LINK) and XRP armies. According to Hamilton, it is meaningless to compare the value of XRP and LINK, since the former is a native coin to the XRPL ledger while the latter is used within the Chainlink protocol.

At press time, Ripple’s XRP had a fully diluted valuation of about $284 billion while Chainlink’s LINK recorded a net valuation of around $21.4 billion. During the last 24 hours, LINK recorded a net traded volume of around $747 million while XRP reported around $4.7…

Read The Full Article XRP Value Towers Over LINK as ETFs Build Institutional Demand On Coin Edition.

Read the article at CoinEdition

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BNB Leads Crypto Market Rally With Fresh All-Time High, Expert Sees $5000 Upside

BNB Leads Crypto Market Rally With Fresh All-Time High, Expert Sees $5000 Upside

BNB, the native cryptocurrency of Binance, has seen a strong 8% upside, hitting a new...
USDT Dominance Falls 8.4% as Solana Hits $225 and ASTER Surges 18%

USDT Dominance Falls 8.4% as Solana Hits $225 and ASTER Surges 18%

The share of Tether’s USDT in the crypto market fell 8.4% in the past seven days, a s...

XRP Value Towers Over LINK as ETFs Build Institutional Demand


by Coin Edition
for CoinEdition
XRP vs Chainlink valuation gap with ETF demand and SWIFT partnership context shown
  • The value of XRP is heavily influenced by the adoption of the XRPL network.
  • The Chainlink ecosystem has several products such as CCIP, which inherently gives LINK value.
  • The comparison between XRP and LINK misses the fundamentals as both assets solve different real-world issues.

Matt Hamilton, a former director of developer relations at Ripple Labs, has broken a deadlock between the Chainlink (LINK) and XRP armies. According to Hamilton, it is meaningless to compare the value of XRP and LINK, since the former is a native coin to the XRPL ledger while the latter is used within the Chainlink protocol.

At press time, Ripple’s XRP had a fully diluted valuation of about $284 billion while Chainlink’s LINK recorded a net valuation of around $21.4 billion. During the last 24 hours, LINK recorded a net traded volume of around $747 million while XRP reported around $4.7…

Read The Full Article XRP Value Towers Over LINK as ETFs Build Institutional Demand On Coin Edition.

Read the article at CoinEdition

Read More

BNB Leads Crypto Market Rally With Fresh All-Time High, Expert Sees $5000 Upside

BNB Leads Crypto Market Rally With Fresh All-Time High, Expert Sees $5000 Upside

BNB, the native cryptocurrency of Binance, has seen a strong 8% upside, hitting a new...
USDT Dominance Falls 8.4% as Solana Hits $225 and ASTER Surges 18%

USDT Dominance Falls 8.4% as Solana Hits $225 and ASTER Surges 18%

The share of Tether’s USDT in the crypto market fell 8.4% in the past seven days, a s...