The founder of Cardano, Charles Hoskinson, believes that Ethereum (ETH) will disappear over the next 10 years.
In an Ama surprise downloaded For YouTube, Hoskinson ranked Ethereum as a brilliant project, but he is also a victim of his own success because of his “network effect” and “Momentum”, a bit like MySpace and Blackberry did it in their time.
The founder said Solana eats Ethereum living, with more users, developers and investors migrating to more modern and high performance blockchains, which only accelerates the decline of Ethereum.
In addition, he also said that the Syphone Syphone “Alpha” (and income) out of diaper 1:
“The School-2 will continue to breastfeed the whole alpha and people will start to fight and it will become more and more difficult for Vitalik to be able to maintain it together by pure force of will.”
In its opinion, the central infrastructure of Ethereum ages badly, highlighting three numbers which will ultimately know the long -term viability of the network: obsolete architecture, a fractured ecosystem (where the L2 come into play) and a lack of effective governance.
Despite his best efforts to be nice, he strongly criticized the accounting model of Ethereum, the virtual machine and the consensual mechanism, saying that they are not designed for long -term sustainability.
Can Ethereum survive?
Currently, ETH is negotiated at a loss, at a price of $ 1,765, a drop of 14.8% in the last month. The currency remains down more than 60% compared to its top of all time three years ago, despite its best efforts last year to reach the $ 4,000 mark, according to CoinmarketCap data.
While most analysts and influencers can call the bottom, the fundamentals do not save them. The ETHER ETF ETF listed in the United States experienced $ 10 million in net outings between April 21 and 23, despite the FNB Bitcoin to set new records for entries.
In addition, it seems that ETH whales sell Ethereum now that the price has increased. People's Crypto popular analyst Alí Martínez told its more than 130,000 subscribers that the whales have unloaded more than 63,000 ETH in the last two days, or about $ 110.2 million.
Whales capitalized on the recent price wave, discharging more than 63,000 #Ethereum $ ETh In the last 48 hours! pic.twitter.com/y4vf1szdep
– Ali (@ali_charts) April 24, 2025
