The second-largest cryptocurrency by market capitalization, Ethereum (ETH), has been sharply slammed by a crypto expert with the online handle “@24hrscrypto1” in a contentious social media post. The analyst said that investing in ETH is “so stupid” and recommends buying Ripple’s XRP coin instead.
Comparing the possible returns on a $50,000 investment in each cryptocurrency is the basis of the argument. The researcher estimated that at the current pricing, $50,000 would buy about 16.2 ETH. The analyst views this as an optimistic prognosis, therefore if ETH hits $15k per coin, that investment would be worth $243,000.
Investing in Ethereum is so stupid.
Sold all my ETH weeks ago.
If you put $50,000 into eth right now, you’re getting about 16.2 eth
If you put $50,000 into #XRP – you’re getting 96,153 XRP
ETH: let me play nice – 16.2 x $15,000 = $243,000
XRP: 93,153 x $10 (😂😂) =…
— 𝟸𝟺𝙷𝚁𝚂𝙲𝚁𝚈𝙿𝚃𝙾 (@24hrscrypto1) April 26, 2024
In contrast, 96,153 XRP tokens may be purchased with the same $50,000. A $10 token would represent a remarkable $931,530 investment if XRP, which is presently trading at about $0.52, were to reach that level. This is over four times the estimated value of the ETH investment.
The analyst predicts that this advice “will age real well” and dismissively calls Ethereum investors “dummies.” He also strongly advises them to “wake up” and liquidate their ETH holdings. It is important to note that the estimated price objectives employed in these calculations are speculative and may not reflect professional analysis or market consensus.
The analyst’s statements have stirred debate in the crypto community, with some supporting the contrarian view and others strongly defending Ethereum’s long-term prospects and technological advantages over Ripple.
Release: The purpose of this content is only to provide knowledge. Readers have to do their own research before making investment decisions.
