Cardano Founder Says 99% of Cryptos Fail, ADA and XRP Stand Out as Decade-Long Survivors

Cardano founder Charles Hoskinson has highlighted the harsh realities of the crypto industry.

He noted that 99% of tokens have failed, leaving only a few survivors, such as $ADA, $XRP, and Ethereum. He issued this candid reminder during a weekend livestream, as the broader market continues to grapple with a prolonged downturn that has driven prices lower.

As investors hope for a recovery, Hoskinson delivered a sobering assessment, noting that most cryptocurrencies have collapsed. Indeed, rug pulls, major hacks, and insider fraud have collectively wiped out billions of dollars in investor funds.

$ADA and $XRP Among Few Survivors

Despite this wave of failures, he emphasized that Cardano is among a select group of long-lasting projects alongside $XRP and Ethereum. These projects have not only endured for years but have also matured into influential networks with substantial valuations.

He noted that each of these tokens now carries a market value above $10 billion. This underscores the resilience and staying power of $ADA, $XRP, and $ETH in a sector often dominated by hype cycles, short-lived trends, and abandoned experiments.

While Hoskinson grouped $ADA, $XRP, and $ETH as projects that have survived the past decade with valuations above $10 billion, it is important to clarify that $ADA itself is not yet a decade old. Cardano launched in 2017, whereas $XRP dates back to 2012 and Ethereum to 2015.

Current Valuations

Even as cryptocurrencies have experienced significant downturns, Cardano’s market cap still stood at $13.90 billion, with $ADA trading at $0.3871. This valuation positions Cardano among the top 10 crypto assets. However, $ADA’s market cap remains significantly lower than that of $XRP and $ETH, which are at approximately $120.81 billion and $337.51 billion, respectively.

In addition to $XRP and Ethereum, a few other cryptos also meet this criterion. Tokens such as Bitcoin, Dogecoin, and Bitcoin Cash have all existed for more than a decade and maintain valuations above $10 billion.