Recently, Estimize CEO Leigh Drogen made a statement that has caused a stir in the cryptocurrency community. In an interview with Bloomberg, Drogen declared that he believes XRP and Cardano (ADA) have no value. This statement has caused a lot of debate, as many investors are heavily invested in these two cryptocurrencies.
XRP and Cardano are two of the most popular cryptocurrencies on the market. XRP is a digital asset designed to facilitate international payments, while Cardano is a blockchain-based platform that enables smart contracts and decentralized applications. Both have seen tremendous growth in recent years, with XRP currently valued at over $0.50 and Cardano at over $1.00.
Drogen’s statement has been met with criticism from many in the cryptocurrency community. Supporters of XRP and Cardano argue that these two cryptocurrencies have real-world use cases and are backed by strong teams of developers. They also point to the fact that both have seen tremendous growth in recent years, indicating that there is real value in them.
However, Drogen stands by his statement, arguing that XRP and Cardano are not backed by any tangible assets and therefore have no real value. He believes that the only reason these two cryptocurrencies have seen such growth is because of speculation and hype. He argues that when the hype dies down, these two cryptocurrencies will likely crash in value.
The debate over whether XRP and Cardano have value or not is likely to continue for some time. While Drogen’s statement has caused a stir, it is important to remember that cryptocurrency investments are highly speculative and should be done with caution. Investors should always do their own research and make sure they understand the risks before investing in any cryptocurrency.
Source: Plato Data Intelligence: PlatoAiStream