CEO Angry: These Two Altcoins Are Completely Useless!

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While Ripple (XRP) and Cardano (ADA) are among the most popular members of the altcoin world, they have come under frequent criticism. Although both assets have a large market capitalization, they are having a hard time escaping these criticisms.

Among the assets with the largest market share, XRP ranks sixth, with ADA in seventh place. While the fundamentals and uses of the two entities are different, they support smart contract technology to take advantage of the growing DeFi industry.

Cardano Gets the “Valentine” Update: What’s Included?

Cardano recently launched to improve the interoperability of multiple chains. Valentine upgrade by announcing the blockchain to support multi-chain communication within the DeFi ecosystem. updated.

On the other hand, the XRPL network has implemented several proposals to enable DeFi and NFT development, including the XLS30d proposed automated market maker and the XLS-20.

Despite the efforts of these two blockchains to become the global DeFi ecosystem hub, everyone is worried about their future status.

Are XRP and ADA Doomed?

According to Estimize CEO Leigh Drogen, XRP and ADA have a bleak outlook despite controlling around $34 billion in valuation. Drogen states that this $34 billion will eventually flow to other networks that offer better solutions.

While some investors are cautious about the future prospects of XRP and ADA, these sentiments have not been well received by their community.

These communities remain optimistic and believe that their own networks are well positioned to take over the global crypto market, even in light of XRP’s ongoing legal problems following a lawsuit filed by the SEC two years ago.


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