Former Developer Advocate at Ripple: It Is Possible for $XRP to One Day Hit $100

On Sunday (June 5), Matt Hamilton, who’s at the moment Director of Developer Relations at Bittensor, mentioned that he may envision the worth of digital asset $XRP sooner or later reaching $100.

Between February 2021 and September 2021, Hamilton labored at Ripple as Director of Developer Relations, and between September 2021 and March 2022, he was the Californian FinTech agency’s Principal Developer Advocate.

Hamilton’s feedback concerning the $XRP value have been made in response to a Bitcoin HODLer who mentioned in a tweet that XRP “is actually a nugatory entry on a centralised database” with no likelihood of ever having a $5 trillion market cap (i.e. its value reaching $100). Hamilton first identified that the XRP Ledger (XRPL) will not be “a centralized database” and that though he doesn’t make value predictions, it’s definitely doable for the $XRP to “hit $100 sooner or later”.

What makes you suppose the XRP Ledger is a centralised database? You understand how blockchains work, proper?

I don’t make value predictions. However I don’t see why XRP couldn’t hit $100 sooner or later. Simply query of time. In case you mentioned in 2009 that Bitcoin would hit $60k, you’d be laughed

— Matt Hamilton (@HammerToe) June 5, 2022

At the moment (as of seven:20 p.m. UTC on June 5), in line with data by CryptoCompare, $XRP is buying and selling round $0.3972, and it has a market cap of $39.72 billion.

On Could 31, Hamilton defined why digital asset $XRP has been capable of keep among the many high 10 cryptoassets by market cap.

Hamilton’s feedback about XRP have been made in response to the next tweet by Cardano fan Victor Duran, who’s Social Media Supervisor at NFT-MAKER:

I do know nothing about Ripple $XRP apart from it goals to make cross-boarder funds low cost, however is it truly getting used?

I’m curious, how has it maintained a high 10 place? No DEXs, no sensible contracts, no NFTs and it’s in an ongoing lawsuit with the SEC.

— Victor Duran (@vicduranduran) May 31, 2022

Hamilton instructed Duran that “the rationale that XRP has stayed within the high ten is as a result of it really works.”

The explanation that XRP has stayed within the high ten is as a result of it really works. It does what it says on the tin. The XRP Ledger continues to be the most effective blockchain for funds and transferring worth round. It’s decentralised, safe, quick, low cost, scalable, effectively examined. Stood the check of time.

— Matt Hamilton (@HammerToe) May 31, 2022

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Disclaimer

The views and opinions expressed by the writer, or any folks talked about on this article, are for informational functions solely, and they don’t represent monetary, funding, or different recommendation. Investing in or buying and selling cryptoassets comes with a threat of monetary loss.