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<ul class="news-points"> 
 <li><strong>The founder of Into The Cryptoverse tweeted today that MPT theory suggests XRP is currently not a good cryptocurrency to hold.</strong></li> 
 <li><strong>At press time, XRP was trading at $0.5012 after it had suffered a 24-hour loss of 0.30%.</strong></li> 
 <li><strong>A positive trend line formed on XRP’s chart which suggested that it may challenge a key resistance level soon.</strong></li> 
</ul> 
<p>The founder of Into The Cryptoverse, Benjamin Cowen, tweeted earlier today that Modern Portfolio Theory (MPT) suggests that a portfolio which maximizes an investor’s risk-adjusted returns comprises only 1% of <a href="https://coinedition.com/tag/ripple-xrp/" rel="noopener noreferrer nofollow">Ripple (XRP)</a>. In the post, he shared that the ideal portfolio is 72% Bitcoin (BTC), 27% Ethereum (ETH) and 1% XRP.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">If you add <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRP</a>, MPT says the portfolio that maximizes the Sharpe Ratio is:<br><br>72% <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BTC</a><br>27% <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#ETH</a><br>0% <a href="https://twitter.com/hashtag/LTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#LTC</a><br>1% <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRP</a> <a href="https://t.co/dTe44dEWDy" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/dTe44dEWDy</a></p>— Benjamin Cowen (@intocryptoverse) <a href="https://twitter.com/intocryptoverse/status/1699585133035028570?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 7, 2023</a> 
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  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<p>Meanwhile, the cryptocurrency market tracking website CoinMarketCap indicated that XRP was changing hands at $0.5012. This was after the remittance token’s price had slipped 0.30% during the past 24 hours of trading. In contrast, BTC and ETH both printed gains during the same period. BTC was up 0.07% and ETH’s price had risen 0…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/xrp-should-only-account-for-1-of-portfolios-suggests-mpt-theory/">XRP Should Only Account For 1% Of Portfolios Suggests MPT Theory</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

XRP Should Only Account For 1% Of Portfolios Suggests MPT Theory

Coin Edition

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