It's insane that Ripple is at $2.27 now. 50+% increase in 24hrs. Is this all due to the coinbase rumor?

That means that if ETN succeeds amazingly, the whole total supply story just gets thrown out the window right? If Ripple can hit a 85Billion market cap with 38Billion circulating coins, then surely ETN could reach above that once it's at full steam?