Ben Armstrong is a YouTuber, podcaster, crypto fanatic, and the founding father of BitBoyCrypto.com. He’s higher often called BitBoy Crypto and makes an attempt to teach and inform the crypto group.
He has lately been circulating claims in regards to the Solana Blockchain’s uncertainty. Armstrong claimed that Solana was lifeless and that there is likely to be no different method 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 foreign money ought to dump it.
Unsurprisingly, he has made one more controversial comment in regards to the token.
“ADA is 75% greater than SOL,” BitBoy continues to slam Solana
In a current tweet, Armstrong reminded the group that Cardano’s native coin, ADA, is 75% bigger by way of market capitalization worth than SOL. Bitboy mentioned that ADA was a a lot greater cryptocurrency than SOL, declaring that it had nearly double the market cap of SOL when sharing the listing of cryptocurrencies by market cap. Whereas ADA was within the prime 10, he mentioned, SOL ran the prospect of slipping to fifteenth place behind Tron’s TRX.
The crypto influencer believes that the tip is shut for Solana, which has been suffering from concern, uncertainty, and doubt on account of its ties to the collapsed crypto change FTX and its disgraced founder Sam Bankman-Fried. Current bulletins from well-known NFT tasks outlining plans to change to Ethereum have made the difficulty worse.
Reason for Solana’s Dismissal of Efficiency
Solana’s principal subject in late 2022 was its robust affiliation with FTX founder Sam Bankman-Fried, who’s dealing with eight felony fraud costs after his crypto change went bankrupt. When FTX failed, traders bailed on Solana to the tune of $8 billion. However Solana has fallen even additional in current days as the remainder of the cryptocurrency market has been largely quiet and costs have remained fixed.
Moreover, two distinguished 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 completed every part they’ll on the Solana community. Polygon and Ethereum are the very best locations to be with a view to encourage progress.
Whereas supporting a declare by a person that Solana is lifeless, Bitboy tweeted, “I’m sorry if this hurts your emotions… however that is info, Extra NFT and crypto tasks will go away 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.