Predictions were surely met with some measure of skepticism
Despite the bearish market conditions and the ongoing Ripple lawsuit, the XRP community continues to maintain high optimism towards the XRP price. At the center of discussion in the XRP community is Jimmy Vallee, CEO of Valhil Capital, and his $35,000 price prediction for the seventh largest cryptocurrency. One XRP user, “IanG”, instead thinks that XRP could hit $50,000.
The predictions were surely met with some measure of skepticism. Crypto user “Jon Good,” also referring to Valhil Capital’s CEO’s comments, tweeted in response, “For all of you saying this isn’t possible. Please research ISO20022 and the new payment ecosystem that is coming to our globe. He (Jimmy Vallee) is simply saying for XRP to be the cross-border payment token that it is, each coin must be equivalent to the assets that it is moving.”
He added: “If this is the case, then XRP must be priced. Market cap and bull/bear cycles won’t matter for XRP anymore. I don’t believe that until I don’t. don’t see, but I’m hopeful on my extensive research into what’s to come in the new ecosystem.”
Amid the dragging on in the Ripple SEC lawsuit, optimism remains following increased use cases of XRPL. As reported by U.Today, Ripple partner Peersyst Technology recently announced the launch of Colombia’s first National Land Registry on top of the XRPL blockchain.
At the time of publication, XRP was changing hands at $0.35.
Smart contracts set to debut on XRPL
According to the XRPL developer Wind of Wietse, XRP Ledger now has a testnet offering smart contracts. Ripple’s XRPL Labs said it launched Hooks Testnet V2 a few months ago. He also unveiled the Hooks Builder, a web-based development environment that allows developers to build, test, deploy, trigger and debug Layer 1 smart contracts on XRPL.
The initiative came about as a result of work that began two years ago, according to a series of tweets by XRPL Labs. The action is part of its aim to make XRP Ledger compatible with smart contracts.
