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Mike Novogratz Warns XRP and Cardano Must Prove Real Utility

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Mike Novogratz, CEO of Galaxy Digital, said XRP and Cardano (ADA) need to show real-world assets (RWA) news to stay relevant. He pointed out the Bitcoin market news trend is moving toward tokens with real utility and strong business models. Novogratz named Bitcoin and protocol-native tokens as top contenders, while questioning if XRP and Cardano can keep their user base. He cited Hyperliquid as a token with clear value. Analysts expect XRP to stay range-bound for now.
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