Core Viewpoint - Galaxy Digital CEO Mike Novogratz suggests that XRP and Cardano (ADA) may lose competitiveness in future market cycles if they cannot demonstrate real-world application value [1] Group 1: Market Trends - The cryptocurrency market is shifting from "narrative-driven tokens" to "business-driven tokens," where only projects that generate profits and measurable value will succeed in the long term [1] - Novogratz anticipates a structural transformation in the cryptocurrency industry over the next 1-3 years, with wallets and exchanges evolving into "neobanks" that offer more mature financial services such as stablecoins, tokenized stocks, and money market products [1] Group 2: Investment Models - Novogratz cites Hyperliquid as an example of a project that creates value through profit-driven token buybacks and burns, resembling an equity investment model, which he believes is the future direction for tokens [1]
Mike Novogratz：无真实应用的 XRP、ADA 或在下一轮周期中出局
Xin Lang Cai Jing·2025-12-28 07:03