Will Ethereum Become the Next MySpace? Hoskinson Sounds the Alarm

Cardano founder Charles Hoskinson recently made headlines with a bold prediction: Ethereum could collapse within the next 15 years. The reason? Fragmentation, outdated technology, and overreliance on Layer 2 networks.

🔹 “Ethereum Will End Up Like BlackBerry or MySpace,” Says Hoskinson Hoskinson, who once co-founded Ethereum, believes the platform is on a path to structural failure.

According to him, Ethereum is becoming too dependent on Layer 2 scaling solutions like Arbitrum, Optimism, and Base, which are slowly “draining value” from the main chain instead of helping it grow.

🗣️ “Layer 2 will continue to suck all the alpha — and then people will start fighting,” warned Hoskinson.

He also warned that Ethereum risks splintering into a mosaic of semi-autonomous networks, which could weaken its network effects and long-term sustainability.

Additionally, he criticized Ethereum’s underlying tech — including its virtual machines and accounting models — as outdated and unfit for the next generation of blockchain applications.

🔹 Cardano Gains Strength: ADA Eyes $0.80 While Hoskinson sees trouble ahead for Ethereum, Cardano appears to be gaining momentum. The price of ADA rose nearly 3%, closing at $0.7178. After a period of consolidation, the token bounced from $0.6153 and broke above the 50-day simple moving average. 🔹 Trading volume shifted from -$115M to +$11M, indicating strong buying interest.

🔹 The next target is the 200-day moving average at $0.80, currently acting as key resistance. 📉 Warning – If ADA fails to hold above $0.6866, it may retest support at $0.6153.

🧭 What’s Next? While Ethereum faces mounting internal and technical pressures, Cardano is gaining investor confidence. With rising volume and bullish technical indicators, the $0.80 target seems within reach — and if Hoskinson is right, ADA could end up “siphoning off Ethereum’s alpha” in the long run.

#ETH , #Ethereum , #crypto , #Cardano , #CharlesHoskinson

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies! Notice: ,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“