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Despite recent widespread skepticism, XRP has outperformed Chainlink over the past five years in investment returns.
Growing Comparisons Between XRP and Chainlink
Notably, the crypto community has observed a massive surge in comparison involving XRP and Chainlink in recent times. These comparisons have dominated the scene, as Chainlink proponents insist their project has matured into what XRP supporters expected the XRPL to become.
For context, Chainlink has secured multiple partnerships with large institutions in the financial sector, with one of these partnerships involving SWIFT. In contrast, the XRPL has not gained as much ground with these prominent institutions despite several firms leveraging Ripple’s payment solution for cross-border payments.
Dom advised investors to actually look at the facts presented by real market data and not allow themselves to be swayed by comments from anonymous accounts who might have received payments to promote a particular asset.
Notably, to confirm this difference in performance, we carried out independent market research. Data indicates that five years ago, in August 2020, XRP opened trading at $0.2597. Today, with its price standing at $3.12, XRP has gained by an impressive 1,101% over the past five years.
In contrast, LINK opened trading at $7.81. Now, with Chainlink’s price hovering around $22.5, it has increased 188% in the last five years. This confirms that XRP has outperformed Chainlink by nearly 6x over the past five years.
Returns on Investment in XRP and Chainlink
To put this into perspective, if you invested $10,000 in LINK five years ago, that investment would have grown to $28,809 at press time. However, a similar investment in XRP would have returned a much larger $120,138 today.
Interestingly, even when considering shorter timeframes, XRP has outperformed LINK by a mile. For instance, year-to-date, XRP is up 50%. Meanwhile, LINK has only increased by 12% within this period. Also, last year, Chainlink closed with a 33.93% rise, while XRP saw a massive 237.9% increase.