I know a lot of people really like what ripple has to offer, I know a lot of people think ripple is going to the moon. And perhaps it will, but hear me out...Ripple is going to have to correct soon, it is way overvalued and there is no way its going to maintain this much of a market cap when bitcoin and ethereum start to pick up speed again as we move into the new year. Much of the recent momentum and growth ripple has seen, has come from retail investors without a strong understanding of what ripple is and how it works. They're expecting more parabolic growth that isn't going to happen like what we've seen with bitcoin.
I think I may feel a little differently than people who didn't get in under a dollar and are still looking to make some profit on another run. But I really want to remind people that a sports team mentality never makes for strong investing strategy...and as much as I think ripple is cool in theory and the idea of banks behind it is promising I don't see more value in other currencies at the moment.
The middle of the month is traditionally the time we've seen bull runs in bitcoin i recent history, so expect to see some major consolidation in bitcoin over the next 2 weeks as it prepares for its next move. This is going to cause a large amount of market cap move out of ripple and back into bitcoin and altcoins that track its movements.
Ethereum will also be getting ready to make some moves with the launch of CASPER alpha and proof of stake transition closer than ever. Smart contract lending for validation pools will create a whole new market around ethereum and will drive up demand and price in the near future.