Investors Bought the XRP Hype -- Is It Now Time to Sell the News?

Over the past century, no asset class has rivaled the annualized return of stocks. But when the lens is narrowed to just the trailing decade, cryptocurrencies have absolutely crushed the benchmark S&P 500 in the annualized return column.Though Bitcoin (CRYPTO: BTC) has led the way with its first-mover advantages, it's XRP (CRYPTO: XRP) that's been flying the highest of all the major digital assets of late. Over the trailing-12-month period, XRP has practically quintupled, up 396%, while Bitcoin has gained a more "modest" 84%, as of the late evening on Aug. 29.Whereas stocks tend to ebb and flow because of tangible financial metrics, such as their operating results and prevailing economic data, emotions and hype are known to move digital currencies. There's little question that anticipation and hype have helped lift XRP to a more than seven-year high. The question is: Will the old Wall Street adage "buy the rumor, sell the news" put an end to this monstrous rally in the world's No. 3 digital asset?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool