Former Goldman Sachs analyst, Murad Mahmudov, has unexpectedly criticized Cardano (ADA) and XRP, labeling them as cult meme coins. Mahmudov's comments sparked a heated debate within the crypto community, with some members defending the projects. Despite being praised for their ongoing developments and community support, both Cardano and XRP have seen a significant decline in value recently. Cardano, in particular, has been on a downward trend, trading below $1. Despite upcoming projects like the Chang hard fork, the cryptocurrency has failed to rally. XRP has also experienced a drop in price, trading at $0.41 after breaking out of its consolidation level of $0.5. Despite these challenges, the communities of Cardano and XRP remain strong and hopeful for a potential price rebound, leading Mahmudov to criticize them as cult meme coins. Read more AI-generated news on: https://app.chaingpt.org/news