One crypto analyst has taken a unique route when it comes to predicting the XRP price. The analyst who believes that the altcoin’s price is bound to cross the $100 level used Bitcoin’s performance to make the argument for why the token is well-positioned to reach triple digits.

Pitting XRP Against Bitcoin

In the forecast which was posted on X (formerly Twitter), crypto analyst 24HRSCRYPTO chose to put the performance of XRP up against that of Bitcoin, the largest cryptocurrency in the industry. According to the analyst, Bitcoin’s rise from $0.1 is proof that the altcoin can also rise to $100.

Furthermore, the analyst blasts the Bitcoin network for fees rising as high as $10 and even reaching $35, presumably putting XRP forward as the better choice since it is known for cheaper fees. Also, they point out the fact that transactions are slow on the BTC network, sometimes taking more than 48 hours to be confirmed. While in the case of XRP, it takes a few minutes for transactions to be confirmed.

Another factor that the analyst uses to place the altcoin over Bitcoin is the fact that adoption has not panned out the way enthusiasts expect. Although two countries, El Salvador and the Democratic Republic of Congo have accepted BTC as legal tender, the cryptocurrency is still a long way from mass adoption.

The last factor listed by the analyst is that Bitcoin is bad for the environment. This is presumably referring to the fact that there have been debates about how Bitcoin mining affects the environment, especially when it comes to carbon emissions.

Bitcoinist

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