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 firm’s Principal Developer Advocate.
Hamilton’s comments about the $XRP 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” with no chance of ever having a $5 trillion market cap (i.e. its price reaching $100). Hamilton first pointed out that the XRP Ledger (XRPL) is not “a centralized database” and that although he does not make price predictions, it is certainly possible for the $XRP to “hit $100 at some point”.
Currently (as of 7:20 p.m. UTC on June 5), according to data by CryptoCompare, $XRP is trading 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 told Duran that “the reason that XRP has stayed in the top ten is because it works.”
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