Ben Armstrong Predicts Solana’s Impressive Rise

Prominent cryptocurrency YouTuber Ben Armstrong predicts Solana will be among the most successful cryptocurrencies during the impending bull run.

Armstrong defined Solana in a recently uploaded video as a “Christmas present that continues to give.”

Armstrong believes that Solana, notwithstanding his observations and recent performance, is positioned to rank second in terms of achievement when the bull run concludes, behind XRP.

Armstrong suggests that, in addition to anticipated benefits, it is time to discuss whether Solana can compete with Ethereum regarding market capitalization.

The BitBoy Crypto host believes there is a remote possibility that Solana could surpass Ethereum in market capitalization, even though he considers the notion highly contentious.

However, he stated that Solana’s pursuit of Ethereum would be considerably more complex than Ethereum’s pursuit of Bitcoin.

Armstrong, having recognized the potential challenges that could arise from Solana experiencing such rapid growth, noticed an emerging pattern of institutional investors increasingly joining the Solana network.

He noted that institutional funds flowing into the Solana network were approximately four times the amount invested in Ethereum last week.

In contrast to the approximately $3.3 million in institutional funding that Ethereum received, the same category of investors invested $13 million in the Solana network.

Armstrong suggested that this trend might continue, particularly in light of the ongoing discretionary issues occurring among Ethereum stakeholders. He pondered whether or not this might cause an investor exodus from Ethereum to Solana.

Armstrong asserts that Solana would remain behind the leading altcoin, Ethereum, despite four times the market capitalization performance of the latter. Nonetheless, he estimates there is a 20% possibility that it could still occur.