A recent interview featuring prominent digital-asset analyst Murad has reignited debate across the XRP and Cardano communities after he delivered one of his strongest critiques yet of the altcoin market. In a widely shared post on X, Murad argued that the overwhelming majority of non-Bitcoin tokens offer little real economic value to holders, describing most of them as “meme coins with more steps.”
Altcoins Face Scrutiny Amid Claims of Limited Real Value
Murad argued that nearly all altcoins operate with minimal connection to revenue, usage, or meaningful ownership rights. He noted that many tokens were packaged as sophisticated software projects, despite offering no direct economic benefit to their holders. According to him, previous market cycles repeatedly showed retail investors mistaking logos, white papers, and technical branding for actual equity-like fundamentals.
He described the typical token structure as little more than a speculative vehicle that mimics corporate packaging without providing dividends, cash flow, or sustainable burn mechanisms. Murad pointed to well-known networks such as Cardano and XRP, asserting that their tokens do not grant shareholders any measurable claim on underlying activity. Because of that gap, he argued that actual meme coins are more truthful and expose fewer illusions than altcoins that attempt to project layers of technical complexity.
Meanwhile, he sees this “utility altcoin” narrative as a scheme by experienced engineers and investment-literate individuals from first-world countries to exploit the “75-80 IQ” masses. However, this disguise is beginning to wear off, and Murad believes it is the reason altcoins didn’t see the boom they saw during the 2017 and 2021 cycles this year.
He directly attacked XRP, noting that the token’s sale under the guise that it would “change SWIFT” was a scam targeting retail traders. Notably, this is not the first time this narrative has made waves in the crypto community; Litecoin recently stated the exact sentiment in a recent jab at XRP. However, the XRPArmy has heavily defended this, highlighting the asset’s intrinsic value in the payment system.
XRP and ADA Market Analysis
Meanwhile, trading desks shifted attention toward a new catalyst. Grayscale confirmed its spot ETFs for XRP and Dogecoin would begin trading on the New York Stock Exchange on Monday, creating the first regulated avenue for U.S. investors to gain direct exposure to both assets.
Even so, structural support zones remained in focus. Analyst Gert van Lagen pointed to a double retest of a long-term breakout, suggesting that the pattern remained intact while XRP’s price held above $1.75. He emphasized that historical reactions at similar levels often preceded meaningful swings, which kept long-term traders attentive.
Notably, Cardano’s ADA is trading at $0.4 at the time of writing, slipping 1.17% over the past 24 hours. Trading volume declined to $694 million, roughly 50% lower than the prior session, indicating reduced market participation.
Brenda Kanana
Evans Kelvin
