A former Goldman Sachs analyst has criticized two prominent cryptos, Cardano and XRP, as he labeled both the altcoins as cult meme coins, sparking heated debate within the crypto community. In a previous X post, he had implied that they have no intrinsic value and their price was driven more by community hype. In a recent tweet, he stated, ‘This is the cycle when people are finally realizing that XRP and ADA were nothing other than Cult Meme Coins all along’. The analyst has received severe backlash from the Cardano community, with various members lauding Cardano’s ongoing developments.

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