Peter Brandt, a respected figure in trading, has highlighted the focus on functionality rather than speculation for utility tokens like XRP, XLM, and Cardano (ADA). Brandt believes these tokens are designed for specific purposes within blockchain systems and are not meant to generate massive returns. He suggests zero-sum futures markets for traders seeking big gains. Utility tokens like XRP and XLM support cross-border payments and liquidity, while ADA powers Cardano's blockchain platform. Brandt emphasizes that any price increase in these tokens stems from their use, not their goal. Contrastingly, meme coins rely on hype and market sentiment, attracting short-term traders. Utility tokens are increasingly integrated by major institutions and governments, such as PayPal and MoneyGram, for streamlining financial services. However, Brandt cautions against expecting unchecked market growth, as these tokens are tools meant to function.
- Content Editor ( u.today )
- 2024-12-11
Peter Brandt Pours Cold Water on XRP, XLM and Cardano Hype