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Galaxy CEO Warns XRP and Cardano Face Utility Test in Next Market Cycle

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Galaxy CEO Mike Novogratz warned that XRP and Cardano (ADA) could face a reality check in the next market cycle. He stressed that tokens lacking real-world utility may struggle as market sentiment shifts toward fundamentals. Tokens with business models and measurable performance are better positioned. Novogratz noted that Cardano lags in on-chain activity compared to newer platforms. He added that tokens with buyback and burn mechanisms align more closely with support and resistance levels driven by economic activity. Community alone won’t be enough in a maturing market.
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