Bitcoin (BTC) and Ethereum (ETH) are two assets that have dominated the cryptocurrency space for the longest time. While the duo remains untethered by the advent of new cryptocurrencies, ETH was seen slowing down. The world’s largest altcoin has barely recorded a notable rise like its counterparts. This has further led the community to question the asset’s abilities. Amidst this, Charles Hoskinson, the man behind the prominent Cardano (ADA) network, expressed doubts over Ethereum’s survival over the next decade.

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Charles Hoskinson, the founder of Cardano, stated during a Wednesday ask-me-anything (AMA) session that Ethereum will not be able to endure for the next ten years. He noted how ETH investors will move over to other networks instead. Hoskinson added,

“So, I don’t think Ethereum will survive, you know, more than 10 years to 15 years.”

The asset’s price has been a topic of concern for many. But the Cardano founder was focusing on other factors. According to him, Ethereum’s protocols are incorrect. He pointed out that they have the wrong accounting model, as well as the wrong virtual machine and consensus model. He believes that Ethereum’s proof-of-stake mechanism is flawed. In addition, he attacked Ethereum’s cutting layer-2s and economics. Hoskinson said,

“People will stop fighting, and it will be harder and harder for Vitalik to hold it together.”

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How Is Ethereum Faring Today?

At the time of writing, Ethereum was trading at $1,728.21. This follows a 3.59% drop over the past 24 hours. Despite its slight rise in 2024, the asset’s annual price change stands at a negative 46%.

It looks like Ethereum could be turning over a bullish page towards the end of April. Data from CoinCodex reveals that ETH will undergo a double-digit rise of 22% and reach a high of $2,128 on the last day of the month. This uptick could bring in major respite for ETH investors.

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