Why XRP Hasn’t Faded: Billionaire Highlights Key To Its Survival
Billionaire investors recently XRP And why cryptocurrencies still make sense in the future despite the presence of more popular digital assets.
American businessman Mike Novogratz highlighted the resilience of XRP to the community in a podcast, which helped cryptocurrency maintain its value for years.
XRP elasticity
Novogratz has previously expressed doubts about the enduring power of XRP, but in recent years, the American entrepreneur has returned from his initial doubts about cryptocurrencies.
Billionaire investors may be the latest addition to those who have changed their opinions on XRP after seeing cryptocurrencies strong.
In the Galaxy Brain podcastNovogratz acknowledged the resilience of XRP and recognized the key role its community plays to maintain the value of crypt assets.
The American businessman explained that XRP started with the crypto ecosystem not witnessing the oversupply of Altcoins, adding that the situation allowed cryptocurrencies to build a real community.
He added that the crypto community successfully built by XRP is the main reason why digital assets can maintain their relevance.
Ethereum’s decline
Novogratz Ethereum Against Bitcoin.
During the podcast, Novogratz was asked to reversal on when the ETH-BTC ratio would be reversed, noting that Ethereum has dropped significantly against Bitcoin since its merger.
The American entrepreneur explained that Ethereum is a more complex proposition compared to BTC, as a global decentralized layer of trust, adding that ETH encountered the challenge.
“I think one of the reasons why all these Alts’ prices fell is that a lot of them. Novogratz points out that there is not enough time for these narratives to build a community,” Novogratz notes.
Community engagement is crucial
Novogratz was skeptical about the enduring power of XRP, but later admitted his belief that he underestimated supporters of the XRP military and XRP community.
Billionaire entrepreneurs say XRP has maintained significance due to the enthusiastic user base of cryptocurrencies that have actively defended and promoted digital assets for years.
He noted that one of the basic aspects of cryptocurrency valuation is community participation, which plays an important role in XRP’s asset valuation Bitcoin.
The American businessman admitted that he was surprised that XRP became one of the best performing tokens by the end of 2024, which he admitted was attracted by the strength of its community.
Featured images from MoneyCheck, charts from TradingView
