Cardano (island) price, an increase of 12.2 %weekly increased over $ 0.70 drew attention. This development led to an increase in assessments that Ethereum could gain competitive advantage due to the possibility of death or regression. This rise in the market has led to the agenda of concerns about Ethereum’s scalability and management problems.
Ethereum Future
Charles Hoskinson, the founder of Cardano, made statements that Ethereum could have problems in the long run. The founder of the competing platform suggests that the network of the network of the network, addiction to the Layer-2 solutions and the risk of centralization, suggests that the current structural problems can weaken the network in the coming years. In case of technical problems, Ethereum may have serious structural problems in 2040.
“If the basic reform is not made, Ethereum may have a risk of deterioration until 2040.” -Hoskinson.
Ethereum’s performance of competitors
Ethereum’s scalability problems and slowness of development can lead to other platforms to get more shares in the market. Avalanche, Solana, Polkadot, Near Protocol and Algorand, the increasing trading volume and the interest of institutions support the prominence of competition. ETF applications and price increases show that these platforms can offer more robust alternatives to investors in the future.
Avalanche was traded at a level of 22.43 dollars per week, while the weekly increase of Solana was recorded as 6.9 %. Polkadot’s value increased by 10 %, while Near Protocol and Algorand increased by 21 %and 18.8 %, respectively. Corporate investors’ interest in relevant assets has the potential to shape market trends.
Ethereum’s transition process has not yet provided the expected improvements in scalability and cost. This uncertainty in the market leads to the strengthening of rival platforms and alternatives such as Cardano gain value. However, Ether is the largest in terms of market value of Altcoins. Moreover, metrics such as total locked value on the network, network activity, networking and number of users show that no Ethereum opponent has yet to approach it. Hoskinson’s comments should be evaluated by considering the conflict of interest.
In the current environment, the competition is expected to become further in the event that Ethereum’s structural problems continue. Alternative platforms can become a favorite of investors, especially with corporate interest and ETF applications.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
