Surpassing Bitcoin, Ripple XRP becomes the dominant coin in trading volume... for now.

Ripple is the latest coin to capture the attention of speculators, experiencing massive gains in volume and value over the past few days.

At this point, it bears mentioning that Ripple has a current circulation of nearly 40 billion coins. Compared to Bitcoin's current circulation of nearly 17 million coins, this lends considerable perspective to the situation.

New buyers in the crypto-market may be fantasizing about Ripple prices in the hundreds or thousands. While this may be possible some day in the far future, it is unlikely any time soon. At a price of $8, Ripple's market cap would exceed that of Bitcoin.

This is indeed possible due to the extreme "hype" nature of the crypto market. At this point, I would guess that the upper-end price between $3 - $4 is more likely. Investors will begin to sell off their profits soon, however, as the $2 barrier has recently been surpassed. It would likely be best to wait for the inevitable dip before re-investing in Ripple.

*This is not professional trading advice - just my opinion!

image source:

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