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As mentioned by @D-fault123 in the chat, coinmarketcap.com had an interesting glitch today. XRP realized all our dreams and then some by jumping to $3.9M per coin, then subsequently disappearing off the site. This may be affectionately remembered as the AM era (after million).
Now I believe I know why other smaller currencies are increasing in value and that is over the concern over the scaling issue with Bitcoin and the process of increasing the 1mb block size to deal with future growth. There could be a panic that this will be a problem with the peer to peer network. Like always there is panic and investors sell and now they are placing their profits into these smaller digital currencies in hopes of keeping their profits by holding with other dc's. I could be wrong but this is what I think is going on.