There have been a lot of Ripple and XRP enthusiasts who have been thrilled after the release of the Codius smart contract platform.
This was released by Stefan Thomas who is the former CTO at Ripple who is currently running Coil. In other words, this move means that the Ripple family has been extended.
The goal is to introduce the interoperability of blockchains and a new way in which the web can be monetized. This is why more and more crypto experts are becoming bullish about the coin.
If you’re wondering whether XRP can reach the $10 mark only with the help of Codius, the answer is no. Ripple needs more than an innovative smart contract platform to boost its value in the digital currency market.
SBI Virtual Currencies
This is one of the essential factors that could trigger a surge in XRP’s price.
The digital crypto exchange has been recently launched, and it focuses on Ripple (XRP). The reason is that the parent company of SBI Holdings has teamed up with Ripple more than two years ago.
Yoshitaka Kitao, bullish about XRP
Yoshitaka Kitao is the CEO of SBI Virtual Currencies, and he has been bullish regarding a $10 for XRP.
In 2018, he tweeted about the price prediction of XRP, and he’s really serious about the recent SBI Virtual Currencies platform.
Brad Garlinghouse’s statements
These represent another factor that could trigger an increase in the value of the coin. He recently said that there would be more banks what will be using Ripple’s products.
xRapid is currently the only Ripple product that uses XRP to source instant liquidity for cross-border transactions.
This means that the more xRapid is used, the more XRP is sourced from the supply.
This will lead to the creation of a wave effect that will enhance the value of the coin. We’ll just have to wait and see what happens with XRP’s price this year.