XRP and Cardano need to prove they're useful beyond just fans, Mike Novogratz says

XRP and Cardano need to prove they're useful beyond just fans, Mike Novogratz says

As the cryptocurrency market shifts toward a "fundamentals-first" era, the long-term viability of legacy blockchain projects has come under intense scrutiny by industry leaders.

"Can Ripple and Cardano hold it together as the market matures to fundamental-focused projects?"

Galaxy Digital's Mike Novogratz raised this critical question on Friday, pointing to a market maturation where speculative hype is being replaced by demand for tangible utility and network revenue.