You guys should hang out in the Ripple thread, they have been saying its taking the number 1 spot for 6 months now, especially when it hit number 2 for a moment, they couldn't stop jazzing themselves lol Ripple is the perfect case of how a coin with high circulation can look good on the market cap and why the market cap isn't a great show of success. It has been on the decline on months but people tout it in the 'top 5' purely on market cap.
I wouldn't care if BTC loses number 1 in market cap as it means nothing, value, use and support does