Mark Yusko, CEO of Morgan Creek Capital Management, in a recent interview with YouTube channel Altcoin Daily Cardano (ADA) and of XRP He said that it is similar because developers and users do not like these coins despite their popularity:
“This Cardano reminds me of XRP. People love it. But developers and users don’t seem to like it. That’s the part I don’t really understand.”
“Dogecoin and Shiba Inu Altcoins Must Go To Zero”
Yusko also says he won’t go so far as to compare XRP and ADA with meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB). The investor claimed that the price of popular meme tokens should “go to zero”.
Yusko said that Morgan Creek’s cryptocurrency index fund does not include XRP because it is “very centralized.” With this sentence, the CEO referred to the fact that most of the current XRP tokens are controlled by a centralized company, Ripple.
This statement came just months before Ripple was sued by the US Securities and Exchange Commission (SEC) for unregistered sale of the XRP altcoin.
However, the Morgan Creek Bitwise Digital Asset index fund has an ADA investment of 2.2%. Even the company bitcoin and Ethereum followed by ADA, the most held cryptocurrency.
During the most recent interview, Yusko said, Avalanche (AVAX) Besides the Polkadot (DOT) and Cosmos (ATOM) He also said he liked:
“We can generate good scenarios to tell why these coins might be among the winners.”
*Not investment advice.
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