Ripple has recently gone to a market cap higher than Bitcoin (as per max supply). How can a scam coin which is not even a crypto (no decentralized system) achieve that? First of all, Ripple is not even linked to the company valuation. This is one of the biggest scam you can come across in the crypto world.
Now let us talk about Ripple coin. None of the banks have confirmed that they are using Ripple as a currency to enable the exchange. Using Ripple company to build a proprietary blockchain based transactions does not give anything to crypto Ripple investors. Also, why would banks support the currency anyway that is being speculated on and price will always keep going up, which means that transaction cost will keep going up.
I hope people come to senses and understand that Ripple is good as a concept and useful for company to raise money but it is not worth the valuation it commands right now. Ethereum should be quoting at $10k if Ripple is above $2 if you compare the actual utility of the currency/coin it represents and the valuation the technology delivers to the actual business when used as designed.
