Mini Market Update - 5/3/17

The week is starting on a high with the market cap creeping up to $470bn. If we can challenge $500 today then that'd be a great day of progress and would start the week off nicely.

XRP is up 19.5% today where as most other coins have appreciated between 1% - 7%. The cause behind this bull run is simply speculative. Tomorrow, CNBC will host XRP CEO and one of Coinbase's COO's to discuss instant money. Many investors are hoping that XRP will be added to Coinbase whilst the interview happens. In my eyes, this is highly unlikely. A reveal like has never occured on live TV before. Usually Coinbase release a statement which is first shared on Twitter. If XRP is added to Coinbase, expect even more gains. But, if it is not, then it is most likely that XRP will retrace back to the level where it was, maybe even lower, prior to the CNBC announcement.