Ben Armstrong, known by the alias BitBoy, wither commented on the problems in blockchain. Here is the popular name’s views on SOL and its future.
Solana is having major problems because of her relationship with FTX and Alameda Research. Ben Armstrong on the other hand, thinks that the Solana network is dead due to these developments. BitBoy even claimed that Alameda was laundering money and forcing transactions every time the network paused. According to the popular name, the network is not recoverable, so leaving the network would be the most logical move.
Cardano is 75% bigger than Solana! -BitBoy
Armstrong recently tweeted: CardanoHe reminded that ‘s is 75% bigger than SOL in terms of market value. Bitboy said that ADA is a much larger cryptocurrency than SOL, and while sharing the list of cryptocurrencies by market cap, he pointed out that SOL has almost twice the market cap. While ADA is in the top 10, he said SOL has a chance to relegate to 15th place behind Tron’s TRX.
OMG the funniest thing about how sad the #fading fantrolls is they try to make it seem like they are more relevant than #Cardano. $ADA is 75% bigger than $LEFT.
Let me show you a picture. One project is top 10. One is about to get knocked off by Tron. pic.twitter.com/rSSchqxWW8
NEWS CONTINUES BELOW— Ben Armstrong (@Bitboy_Crypto) January 4, 2023
The popular name believes the end is near for Solana, who has been grappling with fear, uncertainty and doubt as a result of her ties to collapsing crypto exchange FTX and Sam Bankman-Fried.
As we have reported as Koinfinans.com, the abandonment of popular NFT projects from the Solana network has increased the suspicions of investors.
What’s Happening on the Solana Network?
Solana’s problem in late 2022 was her tight relationship with FTX founder Sam Bankman-Fried. Although the community saved the situation in the first stage, the result was not as desired.
In addition, two major projects named DeGods and y00ts have confirmed that they are leaving Solana and will switch to Ethereum and Polygon.
Bitboy supported a user’s claim that Solana died, saying, “Sorry if this hurts your feelings… but these are the facts, More NFT and crypto projects will be leaving Solana.” he tweeted.
Solana’s price is trading at $13.52 per current market cap of $4.97 Billion (SOL/USD). Future projections don’t look optimistic either.