Former Goldman Sachs Executive Warned! “Be Careful with These Two Altcoins, Stay Away!”

Real Vision CEO and macro investor Raoul Pal took aim at popular altcoins XRP and Cardano (ADA) in his latest interview.

At this point, Raoul Pal claimed that Cardano and Ripple do not have an innovative advantage and are lagging behind other emerging altcoin projects.

The famous name stated that investors should stay away from ADA and XRP, saying that these two projects have lost their innovation advantage against new competitors in the market.

Pal argued that XRP and ADA are fundamentally outdated, two altcoins left over from the pre-bull market.

Pal told investors not to miss out on the new bull rally by investing in older altcoins like XRP and ADA, describing these altcoins as cults.

Stating that XRP fans are like a “cult”, Raoul Pal said that he believes there are no investors who have made money in XRP other than cult leaders. Pal stated that average investors cannot make money in XRP.

Another analyst, Max Prime, also chimed in, calling XRP one of the biggest scams in the crypto space. Prime noted that even after a positive court ruling, the price of XRP has barely budged.

Cardano founder Charles Hoskinson joined in on these criticisms by tagging the Ripple CEO. Hoskinson asked, “So Brad Garlinghouse, when are we going to the Secret Cult meetings?” Hoskinson also added that he could never understand this criticism from Raoul Pal.

So @bgarlinghouse, when are we going to the Secret Cult meetings? I never got the memo from Raoul https://t.co/Q9NBEoBcfs

— Charles Hoskinson (@IOHK_Charles) August 21, 2024

*This is not investment advice.