CryptoUS’ George Says Cardano Can Make a Solana-Type Comeback

George, the Bitcoin pundit behind CryptoUS, believes Cardano (ADA) could stage a comeback similar to Solana’s recovery after its price fell below $10 during a previous crypto downturn.

Speaking during a Q&A session, George argued that Cardano has repeatedly recovered from deep declines during crypto winters. He pointed to its resilient community and Charles Hoskinson’s continued involvement as key factors behind the blockchain’s staying power.

“ADA does that every single crypto winter. It always falls to some low, and then recovers back up,” George said.

He added that he believes Cardano will keep recovering as long as Hoskinson remains involved in the project.

George Compares Hoskinson’s Role to Elon Musk’s at Tesla

George argued that Hoskinson remains central to Cardano despite the project’s efforts to decentralize governance. He compared Hoskinson’s influence to that of Elon Musk at Tesla, suggesting his departure could severely undermine confidence in Cardano and trigger a steep decline in ADA’s price.

“If he said on a podcast tomorrow, ‘I’m leaving Cardano. I’m not going to support it. I’m not going to develop anything for it,’ watch Cardano’s price. It’ll tank like 90%,” George said.

The pundit acknowledged that Hoskinson has pushed for greater decentralization and that Cardano has made progress toward distributing control among different organizations and participants.

However, George maintained that Hoskinson’s leadership and influence over Input Output, the blockchain development company, remain important to the ecosystem.

Cardano Community and Midnight to Support Its Recovery

George also pointed to Cardano’s committed community as another reason he expects ADA price to recover from future market downturns. He described ADA holders as unusually loyal, arguing that many remain involved in the ecosystem even during difficult market conditions.

George also mentioned Midnight, Cardano’s privacy-focused blockchain ecosystem, noting that community members have turned their attention toward the project.

However, he questioned whether everyone moving toward Midnight fully understands the reasons behind the transition. This suggests that some participants may simply be following the latest development within the ecosystem.

Can ADA Repeat Solana’s Recovery?

Solana’s recovery from below $10 to new all-time highs illustrates an unexpectedly dramatic comeback. The recovery in question followed its price crash amid the FTX collapse. Specifically, SOL’s price fell to $8.14 in December 2022 before surging more than threefold the following month. 

By December 2023, its price had increased approximately 15-fold, climbing above $125. Interestingly, these price movements occurred during a bear market. The rally continued until Solana reached an all-time high of approximately $294 in January 2025. From its initial low, that represented a massive gain of more than 3,500%.

Interestingly, many expect ADA to deliver a comparable comeback, particularly if it can return to its previous all-time high of around $3 and resume its upward trajectory.

Ultimately, Cardano ability to replicate Solana’s performance will depend on whether it can translate its established community and ongoing ecosystem development into sustained adoption and market demand.