Mike Novogratz: XRP and Cardano Need to Prove Their Values

Novogratz: Fan Bases Are Not Enough

Mike Novogratz pointed out that cryptocurrencies like XRP and Cardano (ADA) have a strong fan base, but he emphasized that the adoption of these tokens is still weak. Novogratz expressed that these assets need not only fans but also real-use advantages.

Notably, Novogratz stated that tokens outside of Bitcoin will be evaluated based on criteria such as revenue, usage, and measurable value, similar to traditional business models. This situation could enable investors to make more informed decisions about which assets to focus on.