Ex-Ripple employee allowed the possibility of XRP rate to rise to $100

What’s new? Matt Hamilton, former Ripple’s Director of Developer Relations, said that the price of the XRP token could rise to $100. He expressed his view in a comment under a tweet of one of the members of the crypto community, who stated that XRP is a worthless entry in a centralized database and the asset has no chance of reaching a $5 trillion capitalization.

What makes you think the XRP Ledger is a centralised database? You know how blockchains work, right?I don’t make price predictions. But I don’t see why XRP couldn’t hit $100 at some point. Just question of time. If you said in 2009 that Bitcoin would hit $60k, you’d be laughed— Matt Hamilton (@HammerToe) June 5, 2022

What else did Hamilton state? In his response, the ex-Ripple employee stressed that the XRP Ledger is not a centralized database, and while he makes no price predictions, it could rise to $100 per XRP at some point.

The asset’s rate reached its highest value in January 2018 — $3,37, but then its value dropped significantly amid litigation with the US Securities and Exchange Commission (SEC). In December 2020, the regulator accused Ripple of selling unregistered securities under the guise of XRP tokens. As of June 6, 09:30 UCT, the price of 1 XRP is $0,4 (according to Binance).

What is Ripple? It is a payment protocol created in 2012 by Ripple Labs for currency exchange and transactions. The protocol is used by government financial institutions in Australia, Canada, and Israel.

On April 28, the Twitter account of CoinMarketCap (CMC), a crypto asset data aggregator platform, posted that XRP does not have the qualities of a real cryptocurrency as it is “controlled and governed by authorities.” CMC later deleted its tweet and issued an apology.

On May 25, analysts at Santiment reported that large holders of XRP, having between 1 and 10 million tokens, were actively accumulating the altcoin amid volatility in the digital assets market. In just 11 days, their total holdings increased by 2,4% to reach a two-month high.