According to my opinion, the simple answer to this question is YES, it will overtake it. This is going by the current trend over the past one week.
Over the last 1-2 months, there has been a market onslaught which has been caused by FUDs in several institutions for instance when Facebook, Google, Mailchimp and Twitter decided that they will not allow crypto campaigns. However for the last one week, the market seems to be getting back to its position with bitcoin getting back to over $9000. In the next coming few months the market is going to be back to where it was towards the end of 2017. The dip that has been experienced for the better part of 2018 seems to be coming to an end and as the market stabilizes, According to cryptocurrency analysts, the markets are going to soar with bitcoin trading over $16,000.
Ripple 2018 performance
Ripple opened the year with a price of $2.30. At this time, there was so much hype about it with analysts projecting that it would hit the $5 mark before the end of January. It saw its price hit this year’s All-Time-High of $3.36 on January 8th this was before the market faced a lot of FUDs from different institutions that made the markets to go down. Since then, it has been experiencing a down trend hitting the lowest of $0.47 on April 6th 2018.
The first hit on its market cap was when the CoinDesk excluded the South Koreans exchanges in early January thus making it drop by 30% in a day and falling to the third place by market cap.
As at the time of writing, April 24th, at 0900 hours (+0300 GMT), it was trading at 0.918. This was a 38.42% increase in the past 7 days and 5.8% increase in 24hrs.!
Ripple closed the April 23rd business day with a market cap of $33,903,000,000 trading at $0.876. However on Jan 24th, early morning, its market cap was $35,946,392,732. This is a 6% increase in a span of less than 24 hours and it has traded over $1 billion in the last 24 hours.
Bitcoin Cash 2018 performance.
On January 1st 2018, BCH opened at $2534. At this time, the cryptocurrency industry was so promising going at the increase in industry in the year 2017. The price was steadily going up and it hit is highest price this year on January 11 when it traded at $2891. However, like all other coins in the market, it did not enjoy the market highs for long. It was as well affected by the market onslaught and it has seen a massive downtrend for the better part of the year to date.
On April 24, 2018 at 0900 hours (+0300 GMT), BCH was trading at $1557.03. This was a 101.09% increase in the past 7 days and 15.86% for the last24 hours.
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BCH closed the business of the April 23rd 2018 at $1432 with a market cap of 20,415,700,000. However, we woke up to the BCH trading at 1557.03 with a market cap of 26,610,907,787. This is a 30% increase in less than 24 hours and it has traded over $2.2 billion
Is bitcoin cash surpassing ripple?
From the current trend in the market price, and all other factors remaining constant, it is evident that in the coming few months, we will witness a drastic change in the cryptocurrency industry and based on the percentage changes in the pricing and market cap for both coins, bitcoin cash is going places. Also, based on the fact that Ripple is a centralized coin and BCH is as a result of bitcoins hard fork, more investors will have faith in BCH thus having a great impact on its market cap.
The bottom line is that if what we are seeing in the market is anything to go by, the 3rd position will soon be occupied by bitcoin cash.