Ben Armstrong is a YouTuber, podcaster, crypto fanatic, and the founding father of BitBoyCrypto.com. He’s higher generally known as BitBoy Crypto and makes an attempt to coach and inform the crypto neighborhood.
He has not too long ago been circulating claims regarding the Solana Blockchain’s uncertainty. Armstrong claimed that Solana was useless and that there is perhaps no different approach to save the community. He additional claimed that Alameda Analysis was laundering cash and brute forcing transactions each time the Solana blockchain paused. And the fanatics who personal this forex ought to dump it.
Unsurprisingly, he has made yet one more controversial comment in regards to the token.
“ADA is 75% greater than SOL,” BitBoy continues to slam Solana
In a latest tweet, Armstrong reminded the neighborhood that Cardano’s native coin, ADA, is 75% bigger by way of market capitalization worth than SOL. Bitboy stated that ADA was a a lot greater cryptocurrency than SOL, mentioning that it had virtually double the market cap of SOL when sharing the listing of cryptocurrencies by market cap. Whereas ADA was within the prime 10, he stated, SOL ran the possibility of slipping to fifteenth place behind Tron’s TRX.
OMG the funniest factor about how unhappy the #Solana fantrolls is that they attempt to make it seem to be they’re extra related than #Cardano. $ADA is 75% greater than $SOL.
Let me present you an image. One undertaking is prime 10. One is about to get knocked off by Tron. pic.twitter.com/rSSchqxWW8
— Ben Armstrong (@Bitboy_Crypto) January 4, 2023
The crypto influencer believes that the tip is shut for Solana, which has been stricken by worry, uncertainty, and doubt on account of its ties to the collapsed crypto trade FTX and its disgraced founder Sam Bankman-Fried. Current bulletins from well-known NFT tasks outlining plans to modify to Ethereum have made the problem worse.
Explanation for Solana’s Dismissal of Efficiency
Solana’s most important concern in late 2022 was its sturdy affiliation with FTX founder Sam Bankman-Fried, who’s going through eight prison fraud prices after his crypto trade went bankrupt. When FTX failed, buyers bailed on Solana to the tune of $8 billion. However Solana has fallen even additional in latest days as the remainder of the cryptocurrency market has been largely quiet and costs have remained fixed.
Moreover, two outstanding tasks, DeGods and y00ts have introduced their departure from Solana and revealed that they’d be migrating to Ethereum and Polygon. The tasks’ creator, Rohun Vora, believes the tasks have achieved every part they’ll on the Solana community. Polygon and Ethereum are the perfect locations to be to be able to encourage progress.
Whereas supporting a declare by a consumer that Solana is useless, Bitboy tweeted, “I’m sorry if this hurts your emotions… however that is information, Extra NFT and crypto tasks will depart Solana.”
The value of Solana is at $ 13.52 per (SOL / USD) with a present market cap of $ 4.97B USD. The long run predictions don’t look optimistic both.