Cardano founder: ADA has proven its value among failed altcoins

Cardano (ADA) founder Charles Hoskinson stated that 99% of altcoins have failed, with only a few like ADA, ETH, and XRP managing to survive, CryptoBasic reports. Speaking during a recent weekend livestream, Hoskinson said that most altcoins collapsed amid a broad market downturn. He argued that despite industry-wide issues such as rug pulls, major hacks, and insider fraud, ADA has grown into an influential network with significant value, similar to XRP and ETH. Hoskinson emphasized that achieving a market capitalization of over $10 billion serves as proof of its value in a market filled with failed altcoins. He also noted that unlike XRP and ETH, ADA reached this milestone in under 10 years, adding that BTC, DOGE, and BCH are other cryptocurrencies that have survived for over a decade with market caps above $10 billion.