Novogratz: XRP and Cardano must show wetin dem dey useful for for real world or dem go face decline
Galaxy Digital CEO Mike Novogratz warn say XRP and Cardano (ADA) suppose show clear, real-world use and business value inside di next 1–3 years, otherwise dem go face valuation pressure as money go shift to assets wey get measurable revenue and user value. Him talk say community loyalty no fit carry am alone and ask whether developers fit keep users when more functional alternatives show. Novogratz point to on-chain metrics wey show small to moderate active addresses for XRP and ADA compared to bigger networks, and him praise projects wey get revenue mechanics like token buybacks and burns (e.g., revenue-generating DEX). Him also predict say exchanges and wallets go turn into neobank-style platforms wey go offer tokenized equities, stablecoins and money-market products. Articles note recent moves: XRP regulatory outlook dey improve and e don enter US spot ETFs (about $1bn inflows) and Cardano dey work on digital identity, governance and privacy-focused initiatives like Midnight. For traders: expect more scrutiny on projects wey no get clear revenue or utility — tokens wey no show business model fit face sustained selling pressure, while assets linked to revenue generation, on-chain usage or exchange-native financial products fit attract capital.
Bearish
Novogratz tok dem dey add negative pressure reach XRP and ADA by dey highlight say dem need show real utility and how dem go make money. For XRP: regulator progress and spot-ETF inflows fit support am short-term, but the warning about business fundamentals dey signal say capital fit shift commot if on-chain activity and revenue mechanisms no follow — this one dey create medium-term downside risk. For ADA: the emphasis say on-chain activity dey modest and the uncertainty whether developer-led communities fit turn into commercial usage show say e dey more vulnerable to selling. Short-term market impact fit limited or mixed (XRP fit get support from ETF flows), but medium-to-long-term the narrative favor projects wey get clear revenue or token-economics (buybacks, burns) and fit cause different performance: winners with business models go attract capital, while XRP/ADA fit underperform if dem no show demonstrable utility. Overall, the news bearish for price prospects of the mentioned tokens unless dem quickly show measurable business value.