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Galaxy Digital CEO Warns XRP and Cardano Over-Reliant on Community Hype

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Galaxy Digital CEO Mike Novogratz highlighted in the latest on-chain news that XRP and Cardano (ADA) rely too heavily on community hype. He stressed the need for real-world utility to stay competitive in a market shifting toward business-driven digital asset news. Novogratz noted Bitcoin’s clear valuation as a currency, while others are seen as companies with lower valuations. He questioned if Ripple and Cardano can keep up as investors focus more on value creation. He also pointed to Hyperliquid as a potential model for the future of crypto.
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