This Cryptocurrency Has Doubled Since July, But It Might Not Be Too Late to Buy.

While many cryptocurrencies have produced eye-popping total returns over the past five years, the asset class has tendency to make huge moves up and down.Bitcoin (CRYPTO: BTC), for example, has climbed nearly 600% since the start of 2023, but that's come with sudden price spikes followed by eventual drawdowns. The asset lost more than 20% of its value three times in the past two years.While Bitcoin typically sets the pace for the entire cryptocurrency asset class, another big coin has dramatically outperformed since the calendar flipped to July. In fact, it's doubled since July 1, as of Aug. 22. When a cryptocurrency climbs that high that fast, many investors fear they've missed the boat. But the truth is it's probably not too late to invest.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool