Despite bad market conditions and the ongoing Ripple lawsuit, the XRP community remains optimistic about the altcoin price. XRP At the center of the discussion in his community is Jimmy Vallee, CEO of Valhil Capital, and his $35,000 price prediction for the seventh-largest cryptocurrency. “IanG”, an XRP user, believes that XRP could reach $50,000 instead.
Forget Jimmy Vallee’s price of $35,000 USD – XRP
New price target – $50,000 USD 💥#xrp #XRPArmy youtube: blockchain billionaire pic.twitter.com/6B9huEHQ4O
— IanG🇸🇪 (@IanGCrypto) July 9, 2022
Koinfinans.com As we reported, the estimates were met with some skepticism. Citing comments from Valhil Capital’s CEO, one crypto user responded, “You all say it’s not possible. Please research ISO20022 and the new payment ecosystem coming to our world. Jimmy Vallee simply says that for XRP to be a cross-border payment token, each coin must be equivalent to the assets it moves through.” he added, adding:
“If that’s the case, it should be set by a price for XRP. Market cap and bull/bear runs will no longer matter for XRP. I won’t believe it until I see it, but given my extensive research into what’s going on in the new ecosystem, I’m hopeful.”
Two years ago we embarked on a journey to design smart contract features for the XRP Ledger.
July 30th, 2020, we published a blog with the title “XRPL Labs is working on the “HOOKS” amendment for the XRP Ledger. Supporting business logic integration for developers.” pic.twitter.com/SNVVJu8ixv
— XRPL Labs (@XRPLLabs) July 8, 2022
As the Ripple SEC litigation continues, optimism remains in the wake of increased XRPL use cases. As a current example, Ripple partner Peersyst Technology recently announced the launch of the first National Land Registry on Colombia’s XRPL blockchain.
Smart contract support for XRPL
According to XRPL developer Wietse Wind, XRP Ledger now has a testnet offering smart contracts. owner. Ripple’s XRPL Labs stated that it launched Hooks Testnet V2 a few months ago. It also introduced Hooks Builder, a web-based development environment that allows developers to build, test Tier 1 smart contracts on XRPL.
According to the information shared by XRPL Labs; the initiative in question emerged as a result of the work that started two years ago. This step is part of Ripple’s goal of making the XRP Ledger compatible with smart contracts.
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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.