Every day, several asset price projections are made. While one group focuses on technicals, the other, who are in it for the long haul, focuses on fundamentals. Matt Hamilton, the ex-director of developer relations at Ripple, went on to say that XRP would someday stand in front of the $100 mark in an interesting Twitter discussion.
To bolster his case, the ex-Ripple executive drew comparisons to Bitcoin. He claimed that if someone had predicted that Bitcoin would reach $60k in 2009, they would have been scoffed at.
The above-mentioned remark was made in the OG thread of crypto mine owner Max Walker Williams, who teased that Ripple’s native asset could reach a three-digit valuation. ‘Sir Bitcoin,’ a pseudonymous user, went on to say that the forecast was false and that Williams was a’scammer.’ He continued,
- “Xrp is a scam. You know this. Suggesting it could hit $100 is ludicrous. It’s overvalued by 99% (I’m being kind) at the current valuation… Suggesting a scam can 250x from here makes you a scammer.“
The user continued, accusing XRP of being “essentially a worthless entry” in a “centralised database.” Hamilton was quick to defend Ripple, claiming that the XRP Ledger is decentralized and interrogating the user about his knowledge of blockchains.
In regards to the number game, the ex-Ripple executive stated,
- “…future valuations are very much subjective, and no-one has a crystal ball.“
- “I don’t make price predictions. But I don’t see why XRP couldn’t hit $100 at some point. Just question of time.“
