XRP and Cardano Continue to Face Criticism from Analysts

Former Goldman Sachs analyst Murad Mahmudov recently questioned the future viability of two major altcoins, XRP and Cardano (ADA), sparking intense debate.
Criticism
Mahmudov questioned the long-term sustainability of these cryptocurrencies, suggesting that they may not possess the fundamental stability often touted by their supporters. He likened XRP and ADA to “meme coins,” indicating that their valuation is more dependent on community sentiment rather than their actual value.
These remarks were made amid a market-wide downturn, with XRP’s trading price far below its historical high.
While Mahmudov remains cautiously optimistic about the broader altcoin market, he remains skeptical of XRP and ADA. He predicts that altcoins may perform well overall in the current cycle and highlights their historical role in driving innovation and adoption in the digital asset space.
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However, Mahmudov tempered this outlook due to concerns about potential economic headwinds, such as a decline in the US household savings rate, which could limit future investment inflows into cryptocurrencies and potentially dampen the expected strong performance of altcoins.
Early technical analysis had suggested a significant price increase for XRP, reminiscent of its explosive growth in 2017 when it surged by 70,000%.