XRP and LINK are two cryptocurrencies with different roles and positions in the market, each with its strengths. XRP has a large market cap and practical applications in global financial liquidity.
Notable is the entry of large institutions into the XRP market, while XRP and LINK do not compete directly as they serve different objectives. XRP is forecasted to have price appreciation potential in 2025, although it still faces short-term volatility.
MAIN CONTENT
XRP reaches a market cap of over $169 billion, with participation from large funds like Tidal Trust II.
XRP and LINK serve different purposes, not direct competitors.
XRP price has the potential to rise to $3.50 - $5.00 by the end of 2025, but is currently undergoing short-term corrections.
What is the difference between XRP and LINK?
Cryptocurrency lawyer Bill Morgan asserts that XRP and LINK are not direct competitors due to differences in application and market. LINK is the native token of Chainlink, specializing in providing data for smart contracts, while XRP focuses on providing liquidity solutions and efficient global money transfers.
Morgan stated that large institutions like Tidal Trust II have invested in XRP-related ETF products, proving XRP's appeal in the financial market. Meanwhile, LINK has a market capitalization of about $16.82 billion, much lower than XRP's over $169 billion market cap.
Morgan also compares LINK and Cardano (ADA) with a market cap of about $31 billion, noting that investors should pay more attention to competition between XRP and ADA rather than comparing with LINK due to their closer market cap and application correlation.
What attracts large investors to XRP?
Previously, Bill Morgan emphasized that XRP's strength comes from actual transactions and the liquidity role it successfully fulfills for financial institutions. For example, Gemini has used XRP to address difficulties in accessing traditional banking systems.
XRP is seen as an effective liquidity solution in the context of modern finance, while Chainlink provides data but serves entirely different needs. This explains why these two cryptocurrencies are not considered direct competitors in the market.
"Sophisticated investors like Tidal Trust II are currently applying for XRP ETF with a leverage strategy, including direct investment in XRP-related ETP products."
– Bill Morgan, cryptocurrency lawyer, 2024
What is the current market trend of XRP?
By 2025, XRP remains among the top cryptocurrencies, standing out with the XRPL platform capable of executing global financial transactions quickly and efficiently. The price of XRP surged significantly after the lawsuit with Ripple concluded favorably.
Nevertheless, XRP has decreased by about 17% in August to around $2.87, reflecting a short-term correction in the context of the overall cryptocurrency market volatility. Analysts forecast that XRP's price could range from $3.50 to $5.00 by the end of 2025 if the SEC's decision on XRP ETF is approved.
Currently, there are many XRP ETF applications from major players in the cryptocurrency field, with a decision deadline expected by October 2025. This event is anticipated to drive price growth and expand XRP's adoption.
Frequently Asked Questions
How does XRP differ from LINK?
XRP focuses on providing liquidity and efficient money transfers, while LINK is a token specialized in providing data for smart contracts. These two serve different needs and are not direct competitors.
Why does Tidal Trust II invest in XRP?
Tidal Trust II assesses XRP's growth potential and uses leverage strategies through ETF products, demonstrating confidence in XRP's value and liquidity in the market.
What could the price of XRP reach in 2025?
Current analysis shows that XRP could reach a price of $3.50 to $5.00 by the end of 2025 if there is a positive decision from the SEC regarding XRP ETF.
What is XRP ETF and how does it affect the price?
XRP ETF is an exchange-traded fund related to XRP, and the approval decision will help XRP gain wider acceptance, boosting the price and increasing liquidity.
Why has XRP's price recently decreased?
XRP price decreased by about 17% in August due to general market correction volatility and awaiting a decision from the SEC regarding XRP ETF.
Source: https://tintucbitcoin.com/chainlink-co-thang-duoc-xrp/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
