On Sunday (June 5), Matt Hamilton, who is presently Director of Developer Relations at Bittensor, said that he could imagine the cost of computerized resource Ripple 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 comments about the Ripple’s price were made in response to a Bitcoin HODLer who said in a tweet that XRP “is literally a worthless entry on a centralised database” without really any opportunity to at any point have a $5 trillion market cap (for example its cost coming to $100). Hamilton previously brought up that the XRP Ledger (XRPL) isn’t “a unified data set” and that despite the fact that he doesn’t make cost expectations, it is positively workable for the $XRP to “hit $100 eventually”.
Presently (as of 7:20 p.m. UTC on June 5), as per information by CryptoCompare, $XRP is exchanging around $0.3972, and it has a market cap of $39.72 billion.
On May 31, Hamilton explained why digital asset $XRP has been able to stay among the top 10 cryptoassets by market cap.
Hamilton’s remarks about Ripple
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 told Duran that “the reason that XRP has stayed in the top ten is because it works.”
