Former Developer Advocate at Ripple: $XRP May Hit $100 in One Day

On Sunday (June 5), Matt Hamiltonwho is currently Director of Developer Relations at Bittensorsaid he could imagine that the price of the digital asset $XRP would one day reach $100.

Between February 2021 and September 2021, Hamilton worked at Ripple as director of developer relations, and between September 2021 and March 2022 he served as lead developer advocate for the California-based FinTech company.

Hamilton’s comments on the $XRP price were made in response to a Bitcoin HODLer who said in a tweet that XRP “is literally a worthless entry on a centralized database” with no chance of ever having a market cap. of 5 trillion dollars (that is, its price reaches $100). Hamilton first pointed out that the XRP Ledger (XRPL) is not “a centralized database” and that although it does not make price predictions, it is certainly possible that $XRP “hits $100 at some point”.

What makes you think the XRP Ledger is a centralized database? You know how blockchains work, right?

I don’t do price predictions. But I don’t see why XRP couldn’t reach $100 at some point. Just a matter of time. If you said in 2009 that Bitcoin would hit $60,000, you’d be laughed

— Matt Hamilton (@HammerToe) June 5, 2022

Currently (as of 19:20 UTC June 5), according to data by CryptoCompare$XRP is trading around $0.3972 and its market capitalization is $39.72 billion.

On May 31, Hamilton explained why the digital asset $XRP was able to remain among the top 10 cryptoassets by market capitalization.

Hamilton’s comments on XRP were made in response to the following tweet from a Cardano fan Victor Duranwho is Social Media Manager at NFT MAKER:

I don’t know anything about Ripple $XRP other than it aims to make cross-border payments cheap, but is it actually used?

I’m curious, how did he maintain a top 10 position? No DEXs, no smart contracts, no NFTs and it’s in an ongoing lawsuit with the SEC.

— Victor Duran (@vicduranduran) May 31, 2022

Hamilton told Duran that “the reason XRP has stayed in the top ten is because it works.”

The reason XRP has remained in the top ten is because it works. It does what it says on the tin. The XRP Ledger is still the best blockchain for payments and value transfer. It is decentralized, secure, fast, cheap, scalable and well tested. Has stood the test of time.

— Matt Hamilton (@HammerToe) May 31, 2022

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Disclaimer

The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading crypto-assets involves the risk of financial loss.

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