Novogratz: Community Strength Keeps XRP and Cardano Relevant
Galaxy Digital CEO Mike Novogratz said on a recent podcast that sustained community engagement is a primary determinant of long-term survival for cryptocurrencies, citing XRP and Cardano as examples. He argued that durability driven by active supporters matters more than short-term price moves or yield. Novogratz acknowledged he had previously criticized XRP for centralization — noting Ripple held roughly 50% of supply — and distanced himself during the SEC lawsuit, but his view shifted after Ripple’s legal wins and the community’s persistence. He similarly reassessed Cardano, crediting founder Charles Hoskinson and Input Output Global (IOG) for maintaining cohesion and marketing the project. Novogratz contrasted this tribal community effect with Bitcoin’s “digital gold” narrative, which he said should remain unchanged, and noted that projects that craft distinct, credible stories can retain investor interest. For traders, the remarks underscore community resilience as an increasingly important metric when evaluating token relevance and potential staying power amid a crowded market. (Informational, not financial advice.)
Neutral
The news is neutral-to-slightly bullish for the mentioned tokens. Novogratz’s remarks validate community strength as a non-price metric that can support long-term relevance for XRP and ADA. Positive legal outcomes for Ripple and visible leadership and cohesion for Cardano reduce existential risk and improve investor sentiment, which can underpin demand over time. However, the comments are qualitative and strategic rather than announcing new partnerships, product upgrades, or on-chain fundamentals that typically drive immediate price moves. Short-term price reaction may be muted or limited to sentiment-driven flows among community traders. Over the medium to long term, stronger community backing and legal clarity (in XRP’s case) can increase investor confidence and reduce tail risk, which is constructive for price stability and potential upside. Therefore, while the news supports the narratives for XRP and ADA, it is not an outright catalyst for sharp short-term rallies.