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Five Cardano competitors to watch as Ethereum's founder predicts its demise by 2040🤔
Cardano (ADA) surpasses $0.70 after its founder predicted the collapse of Ethereum.
Cardano recorded a weekly gain of 12.2%, closing above $0.70 on April 26 - its highest level since February 2025.
This step comes in the wake of public statements made by Cardano founder Charles Hoskinson, who stated during an interview with CNBC that the scalability and governance constraints in Ethereum are likely to undermine the network over the next fifteen years. The transition of Ethereum towards rollups and standardized scaling, including recent updates like Dencun, has not succeeded in eliminating the bottlenecks related to cost and productivity.
These factors have enabled Cardano's competitors such as Solana and Avalanche, along with a few others, to gain ground on Ethereum in recent weeks. The collapse of Ethereum by 2040.
It is worth noting that Charles Hoskinson was a founding member of Ethereum before leaving to establish Cardano. Therefore, it is not surprising that his prediction of Ethereum's collapse has a significant impact on market sentiment.
If Ethereum continues to lose market share, Avalanche, Solana, Polkadot, NEAR Protocol, and Algorand are five competitors to Cardano that should be monitored in the coming months, based on recent price trends, ETF offerings, and institutional demand for these assets.
Avalanche (AVAX)
The current price of AVAX: $22.43, up 12% over the week.
The file for the Avalanche ETF fund belonging to VanEck entered the review of the Securities and Exchange Commission in April 2025.