Charles Hoskinson Predicts Ethereum’s Potential Demise: Is This Just A Cardano Campaign?

In a controversial prediction, Cardano founder and former Ethereum co-founder Charles Hoskinson believes Ethereum may not survive the next 10 to 15 years. Hoskinson’s assertion stems from his belief that Ethereum is increasingly reliant on Layer 2 networks to address its scalability issues, potentially diluting the value of the main network. Drawing parallels with once-dominant tech giants like Myspace and Blackberry, he argues that Ethereum is becoming a victim of its own success, struggling to adapt in the ever-evolving crypto landscape. While the comment has sparked heated debate within the cryptocurrency community, Ethereum developers are actively pushing forward with upgrades aimed at boosting efficiency and user experience. Despite this effort, ETH has faced significant price challenges, plunging nearly 360% from its all-time high of $4,878, while newer blockchains like Solana have gained traction. Hoskinson’s harsh prediction reflects a growing concern within the Ethereum community about long-term viability and potential market changes.