Will Ethereum Become the Next MySpace? Hoskinson Sounds the Alarm

2025-04-25 11:00:14

Abstract generation in progress

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 Fragmentation, outdated technology, and overreliance on Layer 2 networks.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Additionally, he criticized Ethereum’s underlying tech — including its virtual machines and accounting models — as outdated and unfit for the next generation of blockchain applications.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

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