Billionaire investor Mike Novogratz recognizes the important role of community in sustaining the value of cryptocurrencies like XRP. Despite initial skepticism, he now acknowledges the resilience of the XRP Army, a passionate community that has actively defended and promoted XRP. Novogratz contrasted the community-driven narrative of Bitcoin with the more complex proposition of Ethereum, which has faced challenges due to growing competition and an oversupply of altcoins. He believes that assets like XRP and Cardano have sustained their relevance because they were able to build a community before the oversupply issue emerged. Novogratz emphasizes the increasing importance of community engagement in cryptocurrency valuations. He highlights the surprise price surge of XRP in November 2024 and attributes it to the strength of its community.



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