Crypto Market Shift Threatens XRP and Cardano, Says Novogratz
Galaxy Digital CEO Mike Novogratz has sounded a clear warning for some major cryptocurrencies. He says tokens like XRP and Cardano (ADA) risk losing relevance if they fail to show real-world utility.
According to Novogratz, the crypto market is undergoing a major shift. He describes it as moving from “narrative-driven tokens” to “business-driven tokens”. In other words, investors will increasingly favor cryptocurrencies that deliver measurable value and profits rather than hype or stories.
From Hype to Real Utility
Over the past decade, many cryptocurrencies gained popularity based on speculation or community enthusiasm. However, Novogratz argues that the next phase of crypto growth will depend on practical applications.
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