The former Ripple executive is quite confident in XRP’s performance despite its negative performance. While many Ripple (XRP) investors seem to be giving up hope after XRP’s poor performance in recent months, Matt Hamilton, former head of Ripple’s Developer Relations division, is optimistic about the cryptocurrency.
Ripple executive: XRP will hit $100
According to a Twitter post, Hamilton confirmed that XRP will one day go up to $100. “I don’t make price predictions. But why can’t XRP reach $100 at some point? Just a question of time. “If you said that in 2009 Bitcoin would reach $60,000, they would laugh at you,” he said. Hamilton, the current Director of Developer Relations at Bittensor, held the same position at Ripple between September 2021 and March 2022.
Hamilton despite leaving Ripple , is still considering the cryptocurrency associated with the famous blockchain company and its infrastructure. Hamilton made his XRP prediction after criticism from a Bitcoin owner criticizing a Ripple enthusiast for suggesting that XRP will rise to $100 in a video. The Bitcoin enthusiast stated that XRP will not reach $100 because the cryptocurrency is a “literally worthless attempt at a centralized database.” However, Hamilton put forward a defense in favor of his former employers and did not tolerate negative comments about the popular Blockchain company, using the following statements:
Centralized database? Okay, so future assessments are subjective and no one has a crystal ball. But pretending you don’t know the difference between a Blockchain and a centralized database won’t help you evaluate things. XRP Ledger is decentralized.
Ripple’s legal relationship with the SEC
XRP has drastically dropped from the all-time $3.40 level recorded on January 7, 2018. As we reported on cryptokoin.com, the cryptocurrency took a huge hit as accusations filed by the US Securities and Exchange Commission (SEC) against the Blockchain company for running an unregistered securities offering in the US. Meanwhile, there are many people who think that XRP’s performance depends on the outcome of the case, which is expected to end on or before March 31, 2023.
According to some, if the outcome of the lawsuit is in Ripple’s favor, XRP will be listed on numerous exchanges in the United States and its price will rise tremendously. However, if the outcome does not work in favor of the Blockchain company, some investors are expecting a drop in XRP price. At the time of writing, XRP is changing hands at $0.40, up 3.7 percent. XRP, which is in seventh place with a market capitalization of $ 19.7 billion, has gained 4.9 percent over the past 7 days.
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