29 August 2025
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Analyst Claims Chainlink Is More Suited as Banking Coin Than XRP
A debate has arisen regarding which cryptocurrency deserves the "banking coin" title. Analyst Quinten argues that Chainlink is better suited for banking applications than XRP.
Key Points
- Quinten states Chainlink could outperform XRP in institutional partnerships despite XRP's larger market cap.
- XRP trades at approximately $3 and has a market cap over $178 billion, while Chainlink is around $24 with a market cap exceeding $16 billion.
- XRP facilitates cross-border payments, helping banks reduce costs and speed up transactions.
- Chainlink has established connections with institutions like SWIFT, Mastercard, and central banks, enhancing its integration into the financial system.
- Quinten sets a price target of $250 for Chainlink, while predictions range from $250 to $400 by Q4 2025.
- Reactions are mixed; some view Quinten’s comments as promotional for XRP, while others see potential for both cryptocurrencies.
- Current forecasts suggest Chainlink may rise by 7.53%, potentially reaching $26.12 by September 28, 2025.
- Technical indicators show bullish trends, but market sentiment is neutral.