Novogratz Calls Out XRP and Cardano: Hype Fans or Real Utility?

In the latest XRP news, crypto investor Mike Novogratz argued that XRP and Cardano still need to prove they are useful in the real world, not just popular with loyal communities. XRP price traded roughly flat on the day, and ADA price also moved sideways as traders weighed his comments against rising on-chain activity. The debate intensifies as regulators discuss a US “crypto reserve” and institutions increase their interest in payment tokens, stablecoins, and real-world asset networks. Let’s take a look.

What Is Mike Novogratz Really Saying About XRP and Cardano?

When Novogratz questions XRP and Cardano, he is asking a simple question that every beginner should ask: “Who actually uses this, and for what?” A strong fanbase can push prices up in the short term, but only real demand for a coin’s actual service tends to support it over the years, not weeks.

Think of a crypto network like a toll road. The token price may jump when people speculate, but long-term value depends on how many cars actually drive across and pay tolls. In crypto terms, that means payments, smart contracts, identity, supply chains, and other real-world applications that the chain facilitates.

XRP fans point to Ripple’s payment systems, while Cardano supporters highlight enterprise and government pilots. Novogratz’s point is not that these projects have zero use today. He is warning that the market will reward the networks that move from “interesting experiments” to “boring, everyday infrastructure” that people and companies rely on.

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Are XRP and Cardano Building Real-World Use or Just Fan Hype?

On the XRP side, Ripple’s On‑Demand Liquidity (ODL) product processed around $1.3 trillion in cross‑border payments in Q2 2025. Institutions now use XRP as a bridge asset to move money between currencies more cheaply and quickly than old banking rails.

That matters because it turns XRP from a trading chip into a plumbing token for international payments. If banks and payment firms depend on it daily, that gives XRP what analysts call “stickier” demand. Regulatory clarity also helps. The SEC classified XRP as a commodity in August 2025, which reduces legal uncertainty and makes it easier for large firms to develop products around it.

Cardano’s story looks different. The Cardano Foundation reports projects using the chain for tokenized wheat, wine authentication, and government partnerships in identity and land records. According to the Cardano Foundation Q3 2025 report, enterprises now test Cardano for tracking physical goods and issuing on-chain credentials.

For beginners, “tokenized wheat” simply means taking a real pile of wheat and creating digital tokens that represent ownership or claims on that wheat. That is part of the broader “real-world assets” trend, where blockchains track things that exist outside crypto, like commodities, real estate, or bonds.

Both projects face tough competition. Ethereum dominates smart contracts and tokenization. Solana heavily focuses on fast payments and consumer applications. New real‑world asset chains push into treasury bills and bonds. Novogratz is effectively saying: XRP and ADA need to win real business here, not just Twitter debates.

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Latest XRP News: What Does This Mean If You Hold or Are Eyeing XRP or ADA?

If you already hold these coins, this debate gives you a homework list rather than a panic trigger. First, examine XRP’s actual utility in payments and ask: Are volumes increasing, and are more institutions joining, as recent data suggests? Then check how Cardano’s ecosystem expands, from enterprise pilots to its Cardano ecosystem privacy and sidechain projects.

The US “crypto reserve” proposal even lists both XRP and ADA among candidate assets, according to public policy summaries. That does not guarantee adoption, but it shows policymakers treat these coins as more than meme tokens. Policy interest often signals that big players at least evaluate these networks for long-term roles.

At the same time, fan culture around both coins can create sharp price swings. Past coverage of XRP manipulation claims demonstrates how quickly hype, fear, and rumors can move these markets. Cardano debates follow a similar pattern when new upgrades or side projects launch.

For beginners, the safest approach is simple. Treat XRP and ADA as high‑risk altcoins, not savings accounts. Never buy them with rent money. Size matters, and base any purchase on progress in real usage, not just on influencer threads or fan memes.

Over the next few years, the market will sort out who just talks and who actually runs the rails of finance, identity, and trade. If you track where value moves on-chain instead of who shouts the loudest, you give yourself a much better shot at surviving that shake‑out.

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