Charles Hoskinson, the founder of Cardano (ADA), has made a bold prediction that could impact the future of Ethereum’s price. In his opinion, Ethereum only has 10 to 15 years of runway left before total shutdown.
He believes that Ethereum’s price is volatile due to its network’s growing reliance on Layer 2 networks that often weaken its core. He adds that these Layer 2 networks remove computational resources from the main chain.
Hoskinson’s sentiments have sparked a debate on X about the future of Ethereum. However, despite Hoskinson’s harsh stance, Ethereum’s price has shown signs of a rebound, yet even the most bullish ADA holders admit that Cardano is decades away from surpassing Ethereum.
Ethereum price resists criticism with upgrades and a price uptick
Ethereum’s price is down 42% year-to-date, adding to a monthly price decline of 13.6 %. However, Ethereum holders are more bullish than ever. According to a community sentiment meter on Coinmarketcap, 80% of Ethereum holders anticipate a bullish resurgence for the giant smart contract blockchain network.
Fortunately, Ethereum’s price has rebounded over 14% in the last two weeks and continues to register an uptick alongside the market-wide recovery over the past few weeks. Noting Ethereum’s price and its bullish signals, some analysts opine that Ethereum could gain dominance over Bitcoin, as seen by its breakout from a descending wedge.
Image Source: CoinMarketCap
While Hoskinson’s remarks cast a dark cloud over Ethereum, leading layer 2 projects on Ethereum’s ecosystem are continually launching upgrades in a bid to cut gas fees and boost performance.
Cardano eyes bullish target as founder criticises Ethereum
Cardano’s ADA is soaring with a notable 37% uptick in trading volume, surpassing the $1 billion mark as the price shoots to around $0.72 at the time of writing. Following ADA’s bullish resurgence, Cardano’s founder has grown increasingly vocal about Ethereum and other blockchain networks such as Ripple (XRP).
Hoskinson compared Ethereum to outdated tech giant companies such as Myspace and Blackberry, whose market dominance waned after the platforms grew increasingly complex. He also revealed a series of new developments and strategic partnerships that would see Cardano collaborate with Ripple’s RLUSD stablecoin.
Cardano’s ADA has continued to soar over the last few weeks, registering a 16% uptick to continue its 54% year-to-date surge.
Image Source: Coinmarketcap
Remittix outshines most altcoins as presale sells over 528 million tokens
Cardano’s founder and Ethereum’s price woes aside, Remittix is reinventing cross-border payments with a real-world solution that could soon spark a PayFi revolution in the crypto space.
Remittix’s RTX presale has so far raised more than $14.5 million in a move to support a payment network that bridges the gap between crypto and legacy payment networks around the world. With Remittix, users can send crypto payments straight from their wallets to any bank account around the world. Remittix supports more than 30 fiat currencies and several stablecoins, thus enabling recipients to receive funds without dealing with the complexities of crypto wallets.
Thanks to Remittix’s simple and accessible approach, users are guaranteed a flat fee with zero hidden fees for every transaction.
Furthermore, Remittix also caters to businesses through the Remittix Pay API, which enables these merchants to accept crypto payments.
With a total supply of 1.5 billion RTX tokens, presale participants have a chance at grabbing half of this supply before its launch. Currently, RTX is priced at $0.0757, offering a decent discount for the earliest investors.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
