Community Powers XRP & Cardano; Bitcoin Digital Gold
Galaxy Digital CEO Mike Novogratz says XRP and Cardano owe their resilience to a strong crypto community and targeted marketing. He noted that XRP’s brand awareness stems from ICO revenue and periodic token sales. Cardano thrives on an active user base and project leadership. Novogratz praised Ripple CEO Brad Garlinghouse and lawyer John Deaton for uniting the XRP community during the SEC litigation.
He compared crypto fanbases to those of Tesla and Palantir. He emphasized that a dedicated crypto community can add investment value and drive long-term market resilience. Novogratz urged Bitcoin advocates to maintain its established digital gold narrative and let projects like Ethereum and Celestia craft unique messages.
Bullish
The news is bullish because highlighting strong community support and marketing efforts for XRP and Cardano underscores their resilience and potential demand. In the short term, traders may respond with increased buying pressure as confidence in the XRP and Cardano communities strengthens. Over the long term, sustained community engagement suggests stable networks and reduced volatility, which is positive for price appreciation. Additionally, reaffirming Bitcoin’s digital gold narrative supports its role as a store of value, further stabilizing its market position.