Cardano founder Charles Hoskinson responded on X to a frustrated fan after ADA fell almost 10% in 24 hours, saying that “it’s all going to be ok” and that “everyone will be happy next year.” ADA trades around $0.15, down approximately 95% from its all-time high of $3.09 reached in September 2021. Over the past month, Cardano has lost roughly 35%, while its decline since the beginning of 2026 is close to 60%. Its market capitalization has fallen to about $5.7 billion, and ADA now ranks 18th on CoinGecko’s cryptocurrency rankings, close to dropping out of the top 20. Hoskinson also criticized Cardano’s critics, who blame the network for its limited adoption and the limited deployment of applications attracting users and capital.
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