Chainlink Is An “Infinitely Better Asset Than XRP,” Lark Davis Says
YouTuber Lark Davis had a blunt message for the XRP community in a Rollup TV interview.
“I think Chainlink is an infinitely better asset,” he said
While he acknowledged that XRP is backed by a strong community, he predicted that LINK will outperform the token over the long term.
Chainlink Plays A Large Role In The Broader Crypto Ecosystem
Central to Davis’ argument is his belief that Chainlink plays a core role across the crypto industry. More specifically, he highlighted the project’s Cross Chain Interoperability Protocol (CCIP), which he called “persuasive.”
Chainlink is one of the biggest providers of a vital piece of infrastructure in the digital asset realm: oracles. These tools serve as a bridge that connects blockchains with real-time, real-world data that is accurate and verified.
In the past few months, Chainlink’s decentralized network of oracles have helped bring the traditional finance space on-chain. For instance, Chainlink partnered with the global interbank messaging system SWIFT to launch a framework that lets banks access blockchain systems without replacing existing infrastructure.
Additionally, Chainlink partnered with Ondo Finance to bring traditional finance on-chain through tokenized securities (stocks and ETFs). In October, it was revealed that the company had also run a pilot with UBS Asset Management and SWIFT to show how funds could process on-chain transactions using existing financial infrastructure.
Chainlink Isn’t Confined To A Single System
“And it has the infrastructure to make all the silos talk to each other and bring assets, you know, move corn from silo to silo,” he said. “It’s a pretty amazing piece of technology. And now they finally started doing buybacks and stuff like that.”
That flexibility, in his view, contrasts with XRP, which he says operates as more of a “silo,” with activity largely confined to Ripple’s network.
Davis also questioned XRP’s daily user metrics and overall on-chain activity, noting that despite being around for over a decade, the network has not built what he considers a strong user base.
Despite his bullish conviction for LINK, Davis revealed that he does not hold the token in his portfolio.
Davis Still Believes XRP Could Go Parabolic
Despite favoring LINK over XRP in the long term, Davis said he understands why investors are buying into the Ripple token.
He highlighted the long-term vision of Ripple executives Brad Garlinghouse and Chris Larsen, saying that if they can turn their vision into reality, it could send XRP to $10.
XRP trades at $1.91 as of 7:54 a.m. EST after a slight drop in the past 24 hours, according to CoinMarketCap data.
XRP price (Source: CoinMarketCap)
If XRP does indeed soar to $10, it would be about a 5.2X gain from current levels.
Both XRP and LINK have plummeted in the past month, alongside the rest of the crypto market. XRP’s price has fallen over 15%, while LINK has seen its price fall more than 10% during the same period.
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