On 29 November 2023, the pseudonymous crypto educator \u201cA Chain of Blocks\u201d (COB) took to social media platform X to deliver a comprehensive analysis of XRP, predicting its rise to $50 and detailing reasons for its current undervaluation and impending surge.<\/p>\n
1. Use Case and Demand<\/strong>: COB began by emphasizing XRP\u2019s broad utility. He described XRP as a global network for the Internet of Value, facilitating swift and easy monetary transactions. COB noted XRP\u2019s adoption by major financial players like MoneyGram, Banco Santander, and American Express, highlighting its compliance with laws in various jurisdictions. According to COB, a CoinCodex report puts XRP\u2019s potential market at an impressive $27 trillion.<\/p>\n 2. Comparison with Ethereum<\/strong>: COB then compared XRP favorably against Ethereum. He cited XRP\u2019s superior transaction speed (1500 transactions per second against Ethereum\u2019s 15), lower transaction costs, and greater scalability. According to COB, XRP\u2019s consensus protocol and federated sidechains allow for more complex smart contracts than Ethereum. He also pointed out XRP\u2019s lower inflation rate, which is attributed to its fixed supply.<\/p>\n 3. Environmental Aspects<\/strong>: COB underscored XRP\u2019s negligible carbon footprint compared to Ethereum\u2019s. He applauded XRP\u2019s goal of achieving carbon neutrality by 2025.<\/p>\n