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 expressed that these assets need real use advantages, not just fans.

One particularly noteworthy point was Novogratz's statement that tokens outside of 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 focus on.