In the last two weeks all of the world’s brokers attention has moved from Bitcoin, which has lost more than 30% of its value and onto Ripple, that has gained around 1.100% of value in the said period of time.

But is the sudden boost Ripple has gained, is actually bad for the cryptocurrency and is it a sign of a bubble?

Ripple was initially invented to conduct various transactions faster than with the help of banks. Following its development, a year ago Ripple coins were traded at $0.006 per coin. Roughly a month ago, it has breached $3 point, but has since sunk by almost 30 percent.

The sudden movements and rapid shifts in value are pointing to the fact that Ripple might be in the middle of a bubble. It is also very suspicious that Ripple uses well-known banks to boost its legitimacy and equilibrium.

Erik Voorhees, CEO of cryptocurrency exchange ShapeShift, says that it doesn’t really make sense – testing a cryptocurrency with a banking system, as the whole idea behind dealing with cryptos is that eventually one is not going to need banks.

Although, Ripple CEO is disagreeing with Mr. Voorhees saying that Ripple is quite appealing to the customers BECAUSE it is connected with banking systems. He also added that for now around 100 banks are working with Ripple around the world.

It is virtually impossible to predict whether Ripple really is in the middle of a bubble and whether it is going to burst. But the Bitcoin’s and altcoins’ recent drops point to the fact that the markets are still to find their stability.