This is people chasing the hot coin. It's happening all over the crypto space. Once XRP is no longer the hot coin it will drop back down to something resembling true value. I agree this is hard to wrap one's head around :)
RE: 666% market cap increase to date and 27% increase in value within 24%
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666% market cap increase to date and 27% increase in value within 24%
Interesting because no one seems to be covering it...look at BCN, it has been killing it...I still cannot get behind the story with BCN, but with XRP its rumored that its the banks and whales favorite...BCN apparently the whales love it, probably they just buy big blocks and soon it would be to expensive for everyone...for me Bitcoin is now a whale game, and we are coming close to that magic 21 million, so I think the pace of other cryptocurrency is just starting....the ones with the much potential would be bought in large blocks, I would be surprise if XRP and BCN are 100+ at the end of the year.....steemit has potential as well....so we would see how things play out
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