Ripple has now surged to $0.50 and has now recovered fourth place on the list of coins by "market capitalization", behind Bitcoin, Ethereum and BitcoinCash, but now ahead of Litecoin and IOTA. Also today, there was this news: "Japan-South Korea blockchain payments enter trials Friday" https://asia.nikkei.com/Business/Deals/Japan-South-Korea-blockchain-payments-enter-trials-Friday .
Looks like today's mantra is "sell all cryptocurrencies and buy Ripple". Ripple now up to $0.6840 and a "market capitalization" of $26.40 billion, getting quite close to BitcoinCash at $29.41 billion (at $1,764). https://www dot twitter.com/cryptfx/status/941246513522524161/photo/1 .
Well this is one way to become the cryptocurrency with the third-highest "market capitalization": rise by 81% in one day. https://www dot reddit.com/r/Ripple/comments/7jtbee/3rd_place/ .
I bet BCH is the next runner, maybe it wont triple but absent a crash on BTC, BCH to $3k seems quite possible
Ripple is the one with an actual use case and working, scaleable tech. I doubt price will go through the roof like BTC, since its pre-mined and founders own a large chunk of the ccy. But i think it will be successful as a payment system, and the industry seems to be quite interested in it.
It's noticeable that today (using Worldcoinindex as the data source), Ripple is up 49% versus -4% for Ethereum, -3% for Litecoin, -7% for Bitcoin and -19% for BitcoinCash. Obviously momentum is part of the explanation, but is there any "fundamental news" in particular to account for this incredibly strong outperformance? Edit to update: I found this: https://twitter dot com/Ripple/status/943932041266999296 but I'm not confident that this is "the" reason .