Chainlink surges 29% as community calls LINK the 'real bank coin'

Chainlink's LINK token surged 29% on December 3, reaching $25.32, as the community assessed it as the 'real bank coin', in contrast to XRP, which some argue is merely a 'bank-themed memecoin'. This price increase may have been influenced by the recent rise of XRP, highlighting Chainlink's partnerships with traditional financial institutions, including JPMorgan, Citi Group, and many other major banks.

The Chainlink supporter community, such as Aylo and Zach Rynes, emphasized that LINK could play a crucial role in modern financial transactions, while XRP is no longer a good option for cross-border payment transactions due to the emergence of stablecoins and central bank digital currencies (CBDCs). This has led to a shift in investor sentiment towards LINK, making it seen as a currency capable of bridging banks and blockchain.