Fundamentals, Revenue, and Usage Now Define Long-Term Value for Major Altcoins
As the cryptocurrency market moves beyond speculation and hype, major digital assets are increasingly being judged by measurable usage, revenue generation, and real economic activity. Market veteran Mike Novogratz recently questioned whether established tokens like XRP and Cardano can remain competitive as investors shift their focus toward fundamentals-driven projects.
XRP and Cardano’s ADA both maintain large and loyal communities, which have helped sustain their relevance through multiple market cycles. However, on-chain data suggests that actual network usage remains limited compared to newer ecosystems. XRP currently records around 16,700 active addresses, while Cardano sees roughly 19,000, figures that trail significantly behind high-activity networks.
Market Valuations Raise Fundamental Questions
Despite relatively modest on-chain activity, XRP carries a market capitalization near $115 billion, ranking among the top cryptocurrencies globally. Cardano’s valuation sits in the $13–14 billion range, placing it within the top tier of digital assets. These valuations have intensified scrutiny as investors demand clearer links between price, adoption, and economic output.
The broader market is increasingly valuing tokens not considered monetary assets in a manner similar to traditional companies. Metrics such as transaction volume, protocol revenue, user growth, and sustainable demand are becoming central to long-term investment theses.
As competition among blockchain platforms intensifies, XRP and Cardano face a critical test: translating community belief into tangible, scalable utility.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.