It Is Possible for XRP to One Day Hit $100
On Sunday (June 5), Matt Hamilton, who is presently Director of Developer Relations at Bittensor, said that he could imagine the cost of advanced resource $XRP one day coming to $100.
Between February 2021 and September 2021, Hamilton worked at Ripple as Director of Developer Relations, and between September 2021 and March 2022, he was the Californian FinTech company’s Principal Developer Advocate.
Hamilton’s remarks about the $XRP cost were made in light of a Bitcoin HODLer who said in a tweet that XRP “is in a real sense a useless section on a concentrated data set” without any opportunity to at any point have a $5 trillion market cap (for example its cost coming to $100). Hamilton originally brought up that the XRP Ledger (XRPL) is as a matter of fact a decentralized public blockchain rather than “an incorporated databasse” and that in spite of the fact that he doesn’t make cost expectations, it was surely feasible for the $XRP to “hit $100 sooner or later“.
At present (as of 7:20 p.m. UTC on June 5), as indicated by information by CryptoCompare, $XRP is exchanging around $0.3972, and it has a market cap of $39.72 billion.
On May 31, Hamilton made sense of why advanced resource $XRP has had the option to remain among the main 10 cryptoassets by market cap.
Hamilton’s remarks about XRP were made because of the accompanying tweet via Cardano fan Victor Duran, who is Social Media Manager at NFT-MAKER:
Hamilton let Duran know that “the explanation that XRP has remained in the main ten is on the grounds that it works.”