“Time to Be Important”: Mike Novogratz Issues Wake-Up Call for XRP and Cardano

Crypto’s next phase won’t be decided by hype, and Mike Novogratz is making that clear.

The Galaxy Digital CEO says the market is moving away from story-driven tokens and toward projects that can show real use. In a recent Youtube video from Galaxy’s channel titled “2026 is a Year for Building,” Novogratz warned that tokens like XRP and Cardano (ADA) could lose relevance if they fail to prove practical value as the industry matures.

His message was clear: crypto’s next winners will be built on usage.

Crypto Is Entering a “Prove It” Phase

Novogratz said the market is shifting from “narrative-driven tokens” to “business-driven tokens” – assets that actually do something and can point to adoption, revenue, or visible demand.

That change won’t happen overnight. Instead, he sees a one- to three-year transition period, with 2026 acting as a key checkpoint for the industry.

“I think it’s it is a building year for us and for other crypto companies,” Novogratz said. “It’s time for us to start being important.”

Tokens that remain stuck in vision mode may struggle once the market starts asking harder questions.

Why XRP and Cardano Face Pressure

Novogratz made a clear distinction between Bitcoin and most altcoins. Bitcoin, he said, functions as a macro asset and long-term hedge. Other tokens, including XRP and ADA, are competing as infrastructure – payment rails, financial tools, or utility networks.

In that environment, speed or decentralization alone isn’t enough. What matters is whether people are actually using the network.

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Without visible adoption, Novogratz suggested, those tokens risk being left behind as crypto shifts from trading to real-world application.

Wallets and Exchanges Are Becoming Banks

Another major theme was convergence. Novogratz expects wallets and exchanges to evolve into full-scale financial platforms offering stablecoins, tokenized assets, and investment products.

“Everyone’s going to try to build a similar business, which is let me give you a bank and a wallet,” he said.

This shift, he added, will take years, but it will reshape how crypto fits into everyday finance.

2026 Is the Deadline

Novogratz closed with a clear takeaway: the next two years are about building, not marketing.

By 2026, crypto projects will need to show where they matter in the real world or risk fading as the industry grows up.

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