XRP's Secret Weapon: Community Resilience

XRP, the native cryptocurrency of the Ripple network, has maintained its relevance in the crypto market despite the presence of more popular digital assets. In a recent podcast, billionaire investor Mike Novogratz highlighted the key factor contributing to XRP's survival: its community.

Novogratz, who was previously skeptical of XRP's lasting power, acknowledged the resilience of the cryptocurrency and recognized the crucial role played by its community in sustaining its value. He attributed XRP's success to the fact that it was one of the first altcoins to emerge in the crypto ecosystem, allowing it to build a strong and dedicated community.

During the podcast, Novogratz was asked about the declining performance of Ethereum against Bitcoin. He explained that Ethereum, as a more complex proposition compared to Bitcoin, has faced challenges due to increased competition and an oversupply of altcoins in the market. This has led to a significant drop in the ETH-to-BTC ratio since the merge.

Novogratz emphasized the importance of community engagement in cryptocurrency valuations, noting that both XRP and Bitcoin have benefited from their passionate user bases. He admitted that he was surprised by XRP's emergence as one of the best-performing tokens in late 2024, attributing this success to the strength of its community.