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Bitzo 2025-12-29 10:31:48

Novogratz Challenges XRP and Cardano — Is Hype Enough in a Utility-Driven Market?

Novogratz Challenges XRP and Cardano — Is Hype Enough in a Utility-Driven Market?

Michael Novogratz has raised questions about XRP and Cardano, putting the spotlight on their future in a market that increasingly values real-world use. With many projects vying for attention, the tension between hype and utility grows. This article delves into whether these two popular cryptocurrencies can rise above the buzz and prove their worth. XRP Holds Steady Amid Market Volatility, Eyes Potential Upswing Source: tradingview The cryptocurrency XRP is currently priced between $1.81 and $1.93. While it’s recently seen a slight downturn, dropping by over 14% in the past month, there's room for optimism. With support holding around $1.76, XRP could bounce back towards its nearest resistance at $2.00. If it surpasses this, it might reach the next resistance level of $2.12, marking a potential increase of approximately 10%. The 10-day average price of $1.89 hints at a possible recovery, as does the technical indicator showing a moderate trading zone. Although challenges persist, XRP remains a keen watch for investors looking for growth opportunities. Cardano (ADA) Eyes $0.40 as Market Sees Modest Uptick Source: tradingview Cardano's price is dancing between $0.35 and $0.39, with traders eyeing a $0.40 resistance level. Recently, ADA has shown slight upward momentum, moving up by roughly half a percent over the past week. However, it's still down over 12% for the past month and over 30% for six months. If the price pushes past the first resistance at $0.40, it could target the next level at $0.45, a rise of about 15%. With its 10-day average at $0.38 and the 100-day average not far off, ADA seems to be in a position to gear up for potential growth. Conclusion XRP and ADA have strong fan bases, but their true value lies in actual usability. Hype can boost attention, yet genuine demand comes from real-world applications. Long-term success will depend on how well these coins meet practical needs. The market favors those that solve actual problems and offer tangible benefits. Enthusiasm alone won't sustain momentum. Real-world utility is the key to lasting growth and adoption. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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