Billionaire Investor Attributes XRP’s Resilience to Strong Community Support

Billionaire investor Mike Novogratz discussed the resilience of XRP in a podcast, attributing its sustained value to the strength of its community. Despite previous skepticism about XRP's longevity, he acknowledged that the asset has maintained relevance due to active support from its user base.

Key Points on XRP

Community engagement is vital for cryptocurrency valuations.
XRP developed its community during a time with fewer altcoins, aiding its stability.
Novogratz recognized XRP as one of the best-performing tokens in late 2024.

Ethereum Performance

In contrast, Novogratz highlighted the challenges faced by Ethereum, noting its declining performance against Bitcoin. He pointed out:

Ethereum's increasing competition and oversupply of altcoins contribute to its struggles.
The ETH-to-BTC ratio has dropped significantly since the merge.

He concluded that the crypto market's saturation diminishes the ability of new narratives to form strong communities, affecting altcoin prices.