For most crypto investors, Bitcoin (CRYPTO: BTC) probably represents their single biggest investment. Given that Bitcoin now accounts for 54% of the total market cap of the crypto market, one would expect Bitcoin to account for at least half of any single crypto portfolio.

But sooner or later, investors will probably want to diversify away from Bitcoin. Perhaps it's to reduce the overall risk of their portfolio. Or perhaps it's to gain access to even more upside potential. For investors looking to branch out, I think XRP (CRYPTO: XRP), formerly known as Ripple, could make an interesting under-the-radar cryptocurrency investment.

As a starting point for thinking about diversification, it's helpful to consider correlation coefficients. These are simply a statistical measure of how closely one asset tracks the price performance of another asset, and is expressed as a number between -1 and 1.

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Source Fool.com