Mike Novogratz Issues Wake-Up Call for XRP and Cardano

Crypto’s next phase won’t be decided by hype, and Mike Novogratz is making that clear.

The Galaxy Digital CEO says the market is moving away from story-driven tokens and toward projects that can show real use. In a recent Youtube video from Galaxy’s channel titled “2026 is a Year for Building,” Novogratz warned that tokens like XRP and Cardano (ADA) could lose relevance if they fail to prove practical value as the industry matures.

His message was clear: crypto’s next winners will be built on usage.

Crypto Is Entering a “Prove It” Phase

Novogratz said the market is shifting from “narrative-driven tokens” to “business-driven tokens” – assets that actually do something and can point to adoption, revenue, or visible…

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