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RE: Ripple's Market Capitalization Tops 11 Billion USD, Could This Become The Biggest Bubble Yet?
XRP's breakout seems to coincide with the news that some Japanese banks have begun to adopt the technology to handle payment of small transactions in their backoffice clearing. Having a coin that is immersed in real commerce lends it some credibility. Where the price goes from here is another story.
The news may increase the practicality and use cases of XRP, but the increases in practicality and probability of future success are not anywhere close enough to demand the pricing level and market capitalization that it currently holds.
There is very little that could make a cryptocurrency 3000% more valuable than it was just 3 months prior in my opinion, but especially when we consider that the project and coin haven't made any future altering changes or breakthroughs.
I agree with your opinion on XRP. 3000% moves are rare and generally unsustainable. Yet, I still kick myself for letting my wife talk me out of buying BTC at .04$ and again at $1 and again at $10....