Without knowing why these movements are happening, raw market cap numbers are meaningless.
IIRC, most of the XRP (ripple's currency) are in the hands of the creators. As a result of this large pool of illiquid XRP, even small market movements can have outsized effects on its price.
True. True. As for sentence #3, I'm not too sure. If you assume the reliability of the posted data, there's a column showing trading volume. The ranking for trading volume is:
1. Bitcoin / $ 38,610,400
2. Litecoin / $ 4,211,520
3. Ripple / $ 3,805,730
4. Stellar (a ripple fork) / $ 2,431,440
5. Dogecoin / $ 591,834
Bitcoin is massively ahead but it's been on a downward trend. Litecoin is still ahead of Ripple in terms of daily traded volume, but like Bitcoin, Litecoin is also going down. On the other hand, the value of Ripple has been increasing, often in the two digit range for the past few weeks, along with the Ripple fork, Stellar, which this morning shot up an incredible 118%!
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