Cardano Founder "XRP Has No Value"...Supporters Counter With '10-Year 20,000% Surge'

▲ Charles Hoskinson, Cardano (ADA), XRP/AI-generated image

A head-on clash has erupted in the cryptocurrency market surrounding the Cardano founder's criticism of XRP. XRP supporters strongly rebutted, citing long-term return data.

According to the crypto media outlet The Crypto Basic on April 20 (local time), Cardano (ADA) founder Charles Hoskinson recently raised issues with XRP's structural value. He argued that Ripple funds its operations by selling pre-mined XRP, making it difficult for token holders to benefit from real value appreciation.

He also pointed out that XRP holders do not have legal rights to Ripple's assets or profits, nor do they have staking or profit-sharing features. He assessed that while XRP's price increase might be driven by short-term expectations, it is far from long-term value accumulation.

In response, the XRP community immediately pushed back. The key argument was long-term performance. The community presented data showing that XRP has risen by approximately 20,450% over the past decade, directly refuting the claim that it has no value.

It was also emphasized that XRP has outperformed major indices in traditional financial markets over the long term. The debate is intensifying with comparisons showing that XRP recorded a higher rate of increase than Cardano even in the recent bull cycle.

This clash is spreading beyond a simple price dispute to a debate surrounding the intrinsic value structure of cryptocurrencies. Issues such as the relationship between tokens and their issuers, and the rights of investors, are once again coming to the forefront.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*