Cardano Founder Announced: Here Are 5 Altcoins That Will Replace ETH!
Shocking statements have been coming one after another in the cryptocurrency markets. Cardano founder Charles Hoskinson suggested that the leading altcoin Ethereum could collapse by 2040 due to current scalability and governance issues. After these claims, eyes turned to strong competitors that could replace Ethereum. Projects such as Avalanche, Solana, Polkadot, NEAR Protocol and Algorand quickly entered the radar of investors.
Avalanche (AVAX):
$AVAX , up 12% weekly, has been the center of institutional interest following VanEck’s spot ETF application. Avalanche’s fast transaction capacity and customizable subnet infrastructure make it an attractive alternative.
Solana (SOL):
$SOL price is up 6.9% this week. Solana ETF applications from giants like Franklin Templeton, Grayscale, and VanEck are under SEC review. Solana’s high transaction speed and growing DeFi ecosystem are drawing attention.
Polkadot (DOT):
$DOT is up 10% weekly to $4.27. Nasdaq’s 21Shares Polkadot ETF application signals strong institutional demand for DOT.
NEAR Protocol (NEAR):
#NEAR has seen an impressive 21% increase in the last week. Bitwise’s NEAR ETF application has taken interest in the project to the next level.
Algorand (ALGO):
#ALGO drew attention with a weekly performance of 18.8%. 21Shares listed Algorand ETPs on European exchanges, while ETF expectations are growing stronger in the US.
Charles Hoskinson’s pessimistic forecast for Ethereum has had a deep repercussion on the market. If scalability and governance issues are not resolved, Ethereum is likely to lose its throne to younger and more dynamic projects.
⚠️ Note: My posts are not investment advice. There may be errors due to translation. Please do your own review. You can also write your thoughts in the comments section.
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