Novogratz Says XRP and Cardano Must Prove Real-World Utility
Galaxy's Mike Novogratz on Dec. 29 questioned whether Ripple's XRP and Cardano (ADA) can hold their market positions without clearer, measurable real-world applications. He argued that community enthusiasm alone won’t be enough as capital rotates to projects delivering concrete usage, integrations or revenue streams. The comment underscores growing investor focus on fundamentals after a period of speculative gains.
Why this matters: stronger scrutiny can quickly influence sentiment and price action, pressuring teams to accelerate partnerships, enterprise adoption and on‑chain activity. Novogratz’s remarks reflect a broader market trend toward measurable utility and regulatory clarity, which could reshape capital flows across tokens. Traders and holders should watch developer activity, real-world integrations and adoption metrics to gauge whether XRP and Cardano can meet those expectations.