Mike Novogratz Says Strong Communities Keep XRP and Cardano Relevant

Galaxy Digital founder and CEO Mike Novogratz has recently drawn attention to the resilience of the XRP and Cardano communities.

Speaking on a recent podcast, Novogratz emphasized that sustained community engagement has emerged as a critical factor in determining long-term survival in the cryptocurrency market.

His remarks suggest that durability, rather than short-term price performance, is increasingly shaping how veteran investors evaluate digital assets.

Community Strength Keeps XRP Relevant

Expanding on this view, Novogratz cited XRP as a prime example of community-driven longevity. He noted that the token has remained prominent through multiple market cycles largely because its supporters stayed engaged even during prolonged downturns.

During the discussion, he drew a comparison between XRP and other long-established networks that have withstood the test of time. He noted that their longevity stemmed not from yield or hype, but from the deep-seated conviction of their communities.

This persistence, he said, stands out in an environment where new platforms, tokens, and tokenized assets constantly compete for attention. Despite this expanding landscape, XRP’s supporter base has remained largely intact.

Earlier Criticism Rooted in Centralization Concerns

However, these comments contrast sharply with Novogratz’s earlier public stance on XRP. For years, he criticized the token over centralization issues, particularly because Ripple controlled roughly 50% of the supply.

As a long-time supporter of Bitcoin and Ethereum, he often dismissed XRP rallies and questioned retail investors’ understanding of XRP.

That skepticism intensified when the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple in December 2020. At that time, Novogratz openly distanced himself from the project.

Legal Battle Prompts Reassessment

Even as XRP surged during the 2021 bull market, Novogratz maintained his critical view. Nevertheless, that position began to change following Ripple’s legal victories against the SEC and the subsequent market response.

In later podcast appearances, Novogratz acknowledged that he had underestimated both the resolve of the XRP community and the leadership of Ripple CEO Brad Garlinghouse. He explained that the community’s willingness to remain engaged throughout the lengthy legal battle reflected resilience rather than blind loyalty.

A Similar Shift in View on Cardano

In addition, Mike Novogratz extended this reassessment to Cardano as well. Although he previously mocked the project’s following, he now recognizes the role of Input Output Global (IOG) founder Charles Hoskinson in sustaining community cohesion.

He further described this ability to maintain long-term engagement as increasingly rare in today’s fragmented crypto ecosystem.

In Novogratz’s view, sustained belief through adversity has become a meaningful indicator of long-term relevance in the digital asset space.