#XRPETF Cardano’s Rise Raises Questions About Ethereum’s Stability
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Cardano’s Rise Raises Questions About Ethereum’s Stability
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BH NEWS
By BH NEWS
7 minutes ago
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3 mins read
Cardano’s Rise Raises Questions About Ethereum’s Stability
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What Challenges Could Ethereum Face Ahead?
Are Rivals Gaining Ground on Ethereum?
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Cardano’s price has recently surged past the $0.70 mark, reflecting a 12.2% increase over the past week, which has ignited discussions regarding its potential to outpace Ethereum in the competitive cryptocurrency landscape. This price rally has prompted market observers to scrutinize Ethereum’s current challenges in scalability and governance, raising concerns about its long-term viability.
What Challenges Could Ethereum Face Ahead?
Charles Hoskinson, the co-founder of Cardano, has voiced serious concerns regarding Ethereum’s future. He claims that inherent flaws, such as its dependence on layer-2 solutions and risks associated with centralization, could lead to significant vulnerabilities for the network in the coming years. Without necessary reforms, Hoskinson warns, Ethereum may face considerable degradation by the year 2040.
“Without fundamental reform, Ethereum could risk degradation by 2040.” – Hoskinson.
Are Rivals Gaining Ground on Ethereum?
The obstacles faced by Ethereum are prompting other blockchain platforms to seize the opportunity to expand their market presence. Competitors, such as Avalanche, Solana, and Polkadot, are witnessing increased transaction volumes and attracting institutional interest, helping them gain traction. Current market dynamics, including ongoing ETF applications, position these platforms as viable alternatives for future participants.
For instance, Avalanche is trading at $22.43 after a 12% weekly increase, while Solana has risen by 6.9%
