Mike Novogratz: XRP and Cardano Must Prove Their Values

Novogratz: Fan Bases Are Not Enough

Mike Novogratz noted that cryptocurrencies like XRP and Cardano (ADA) have strong fan bases, but emphasized that the adoption of these tokens is still weak. Novogratz stated that these assets need real utility advantages, not just fans.

A particularly notable point was Novogratz's assertion that tokens other than Bitcoin will be evaluated based on criteria such as revenue, utility, and measurable value, similar to traditional business models. This situation could enable investors to make more informed decisions about which assets to pursue.