Cardano founder, Charles Hoskinson, believes that ETHEREUM (ETH) will extinct in the next ten years.
In the Ama surprise Lifted To YouTube, Hoskinson classified Ethereum as a great project, but it is also a victim of his success because of the “network effect” and “momentum”, as did Myspace and BlackBerry in their time.
The founder stated that Solana eats Ethereum alive, with more users, developers and investors who migrate to more modern and high -performance groups, which speeds up the low Ethereum.
Moreover, he also stated that the -2 layer is to move the “alpha” (revenue) of the 1 -layer:
“The 2S layer will continue to put both alpha and people will start fighting and it will become difficult and difficult for Vitalik to be able to assemble it with a transparent will.”
In his opinion, the basic infrastructure in ETHEREUM is progressing badly, indicating three issues that will eventually undermine the long term of the network: outdated structure, a broken ecosystem (where L2S plays), and the lack of effective governance.
Although he made his best to be nice, he criticized the ETHEREUM account model, the virtual mechanism, and the consensus mechanism sharply, claiming it is not designed for long -term sustainability.
Can ethereum remain?
Currently, ETH is trading with a loss, at $ 1765, a decrease of 14.8 % last month. The currency is still less than 60 % from its highest levels ever, although its best efforts in the past year to reach a brand of $ 4000, according to Coinmarketca data.
While most analysts and influencers can call the bottom, the basics do not support them. Spot Ether Etfs, listed in the United States, has seen $ 10 million in net external flows between 21 and 23, although the Bitcoin’s investment funds set new flows.
Moreover, ETHERUM whales seem now after the price has seen a slight rise. The famous analyst Ally Martinez tells more than 130,000 his followers that whales have been unloaded more than 63,000 ETH in the last two days, or about $ 110.2 million.
Whales have benefited from the recent prices, and more than 63,000 #ETHEREUM $ ETH In the past 48 hours! pic.twitter.com/y4vf1szdep
Ali (ali_charts) April 24, 2025
