Latest / The Paul Barron Crypto Show / Ethereum $3,000 Next?🚨Optimism Returns!🔥

Transcript

Ethereum $3,000 Next?🚨Optimism Returns!🔥 · The Paul Barron Crypto Show

• 0:06
  Speaker 1: Ethereum took off over the weekend and is three k insight.
• 0:09
  Speaker 1: We'll break it down for you guys today. My name
• 0:11
  Speaker 1: is Paul Barrel. Welcome back in the tech path. I
• 0:12
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• 1:01
  Speaker 1: let's go into a couple of the news items that
• 1:04
  Speaker 1: could be leading into Ethereum really starting to move. One
• 1:07
  Speaker 1: of the things that is happening this week right now,
• 1:09
  Speaker 1: literally as we speak, is the Crypto Task Force roundtable
• 1:14
  Speaker 1: is going live and there are a ton of key
• 1:18
  Speaker 1: people in there, including Fidelity, Blackrock, and many others that
• 1:22
  Speaker 1: are starting to line up around what we will know
• 1:25
  Speaker 1: as tokenized assets. Some kind of zoom in on Matt's
• 1:28
  Speaker 1: tweet right here, This, of course is Matt Hogan has
• 1:31
  Speaker 1: been on so many times. Stocks are going to move
• 1:32
  Speaker 1: on chain much faster than people think. In the last
• 1:36
  Speaker 1: twenty four hours, Robinhood announced plans for a service that
• 1:38
  Speaker 1: would let Europeans trade stocks on Slana and Arbitram. This
• 1:41
  Speaker 1: is on Arbitrum and well this is important, so remember that.
• 1:44
  Speaker 1: And then also the SEC Commissioner Hester Pierce also came
• 1:48
  Speaker 1: in with a speech about allowing stocks to be issued,
• 1:51
  Speaker 1: traded and settled on blockchain. And then last up, super
• 1:54
  Speaker 1: State announced Opening Bill, which is a platform allowing companies
• 1:58
  Speaker 1: to issue and trade tokenized securities. This is all on
• 2:02
  Speaker 1: Ethereum and Salona. So as you can see, things are
• 2:05
  Speaker 1: rounding up quickly on where this could be going for
• 2:09
  Speaker 1: token is securities, and of course Ethereum will be one
• 2:11
  Speaker 1: of the biggest winners out there. Eth also is getting
• 2:15
  Speaker 1: a vote of confidence coming in from a Braxis capital.
• 2:17
  Speaker 1: They withdrew about six hundred and ninety five million in
• 2:20
  Speaker 1: the ether from exchanges. That is a huge vote of
• 2:23
  Speaker 1: confidence as they start to look at what could be
• 2:27
  Speaker 1: a huge run on Ethereum going forward. Other things I
• 2:31
  Speaker 1: want to hit on because there's a lot happening within
• 2:33
  Speaker 1: the ecosystem. One of course, is this right here optimism.
• 2:37
  Speaker 1: This is interesting that they made this statement if you
• 2:41
  Speaker 1: look the way they spelled ethereum, because that is a
• 2:44
  Speaker 1: new person coming in to crypto, and the new person's
• 2:49
  Speaker 1: version of how to spell it is spiking. So the
• 2:52
  Speaker 1: point is is that Ethereum might be seeing some retail
• 2:55
  Speaker 1: investors coming in and people starting to understand that Ethereum
• 2:59
  Speaker 1: could be that next generation opportunity. If you look at
• 3:03
  Speaker 1: the overall tps in terms of what happened during this
• 3:06
  Speaker 1: the Petra upgrade, well on Ethereum right now we've already
• 3:11
  Speaker 1: surpassed PayPal. So PayPal three and four transactions a second
• 3:15
  Speaker 1: now being surpassed by Petra. I imagine this is going
• 3:18
  Speaker 1: to get bumped out pretty quickly, and we're going to
• 3:21
  Speaker 1: start to see more advancements to where we could surpass
• 3:24
  Speaker 1: most likely will surpass VISA. So we talked about this
• 3:28
  Speaker 1: last week during the Petra video. If you didn't catch
• 3:30
  Speaker 1: that video, spend some time subscribe to the channel right now,
• 3:34
  Speaker 1: go back to that video, learn a little bit about
• 3:36
  Speaker 1: the Petra upgrading and you'll understand. These are the validators
• 3:39
  Speaker 1: that we talked about in that video. And at the
• 3:41
  Speaker 1: time it was around seventy or so compound validators that
• 3:44
  Speaker 1: were available. That's almost ten x now. Now many people
• 3:48
  Speaker 1: would say, well, wait a minute, the compounding validators are
• 3:51
  Speaker 1: starting to take over from what was the active validators.
• 3:54
  Speaker 1: The point is is that this is going to start
• 3:55
  Speaker 1: to you can kind of see it spreading. It's going
• 3:58
  Speaker 1: to look as though the validators are slowing, but in reality,
• 4:01
  Speaker 1: the validators are getting larger in terms of capacity, and
• 4:04
  Speaker 1: that my friend, is going to be able to take
• 4:07
  Speaker 1: Ether to the next level in terms of price position.
• 4:09
  Speaker 1: Other things you got to look at right now is
• 4:12
  Speaker 1: just on smart accounts being jumped on, and of course
• 4:14
  Speaker 1: most of that is happening right here on guess what optimism.
• 4:19
  Speaker 1: Optimism is one of the key cornerstones of where all
• 4:22
  Speaker 1: this is growth is going to be coming from. Why
• 4:23
  Speaker 1: we anticipate optimism is going to continue to do some
• 4:27
  Speaker 1: things as well. We'll look at the optimism chart here
• 4:30
  Speaker 1: in a second. To give you guys some insights, I
• 4:32
  Speaker 1: want to go to one of the key features that
• 4:35
  Speaker 1: happen during the Pectra upgrade that is going to make
• 4:37
  Speaker 1: it easier for new people and regular cryptonatives to transact
• 4:42
  Speaker 1: within the Ethereum ecosystem. Take a look at this.
• 4:46
  Speaker 2: The end result is this completely seamless user experience where
• 4:50
  Speaker 2: new users can come in and with a single click
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  Speaker 2: of the button take actions on chain. We've removed all
• 4:56
  Speaker 2: the steps of KYC and buying Ethereum and depositing and
• 5:00
  Speaker 2: approving transactions. It is now truly one click.
• 5:04
  Speaker 1: All right, so you can see one click, just simple
• 5:06
  Speaker 1: use of case ux is going to win when it
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  Speaker 1: comes to onboarding new people and also creating a lot
• 5:14
  Speaker 1: more gravity from people who are in the system, velocity
• 5:18
  Speaker 1: of trade, the ability to start to move in and
• 5:21
  Speaker 1: out of assets much quicker. So all of that's a
• 5:23
  Speaker 1: positive going forward, all because of the Pectra upgrade. Another
• 5:26
  Speaker 1: thing that was hit on this is World Liberty FI
• 5:29
  Speaker 1: which is a large Ethereum holder. This of course is
• 5:31
  Speaker 1: Trump's digital assets team. But you look at this right here,
• 5:34
  Speaker 1: they are very very bullish on ethereum. And also just
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  Speaker 1: what is happening within Pectra. This all reinforces the ethereum
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  Speaker 1: and remains the dominant smart contract platform in the world.
• 5:46
  Speaker 1: That's key. The reason that's key is for RBA's and
• 5:51
  Speaker 1: token is securities all flying on Ether and that is
• 5:55
  Speaker 1: why I think we're starting to see a lot more movement.
• 5:58
  Speaker 1: One other thing I want to jump to this is
• 5:59
  Speaker 1: a clip just showing you that the equivalence of trade
• 6:03
  Speaker 1: is going to have a lot of similarities to what
• 6:05
  Speaker 1: we saw them pumped out fund except now I think
• 6:07
  Speaker 1: we're going to see this within the ETH ecosystem. What
• 6:10
  Speaker 1: does that mean? You're most likely to see some of
• 6:12
  Speaker 1: those interesting tokens out there starting to make their way
• 6:16
  Speaker 1: into ETH. All right. So one other thing that I
• 6:19
  Speaker 1: want to hit on right here is the average number
• 6:20
  Speaker 1: of blog blobs per block. Now, the point is is
• 6:23
  Speaker 1: this just creates transaction volume in the capability. If you
• 6:26
  Speaker 1: look Prepectra, it was at three and now we are
• 6:30
  Speaker 1: here post it's double that now to six. Notice though
• 6:34
  Speaker 1: that we are seeing a lot more activity. That's those
• 6:37
  Speaker 1: little blue lines right there that are kind of perkling
• 6:40
  Speaker 1: up above that that gives us an indicator that Metallic
• 6:44
  Speaker 1: is right. He talked about this very issue. Is it
• 6:46
  Speaker 1: most likely it's going to push them to create a
• 6:49
  Speaker 1: Latin maybe end of your release, to be able to
• 6:51
  Speaker 1: maybe double that again, So again, great opportunity and great
• 6:55
  Speaker 1: promise in terms of how eth is building out as
• 6:58
  Speaker 1: an ecosystem. So what happened with Solana, Well, here's pump
• 7:02
  Speaker 1: dot fund. What they're doing is create a revenue share sharing. Finally,
• 7:06
  Speaker 1: here fifty percent of swap revenue now shared with coin creators. Okay,
• 7:11
  Speaker 1: maybe that's one thing, but that is also a little
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  Speaker 1: bit behind the times. When you compare this right now
• 7:17
  Speaker 1: with flaunch, how much iron each each time someone places
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  Speaker 1: to trade on your coin, you're in one percent in ether,
• 7:23
  Speaker 1: That means I'm ten million in trading. You're talking about
• 7:27
  Speaker 1: one hundred thousand right there on top of that. So
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  Speaker 1: this would make it possibly one of the most rewarding
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  Speaker 1: launch pads I would agree for creators out there by far,
• 7:36
  Speaker 1: which means could we see some incoming memes and all
• 7:41
  Speaker 1: sorts of shit coins out there starting to trade within
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  Speaker 1: the eth ecosystem. The other thing you get to watch
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  Speaker 1: right now is, of course is unitchain and Unitchain's why
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  Speaker 1: we've started to see a lot of volume on UNI swap.
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  Speaker 1: I think they hit three what was it, three trillion
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  Speaker 1: over the weekend. We started to see that kind of volume.
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  Speaker 1: You look at at this in general on decks volume
• 8:00
  Speaker 1: it has continued to climb, which means that we're going
• 8:03
  Speaker 1: to continue to see the potential of ethereum going to
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  Speaker 1: three K easily. I think we're going to go past
• 8:10
  Speaker 1: three K, maybe even into the four K range going
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  Speaker 1: forward if you look at most of the transaction here
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  Speaker 1: on l once that of course is UNI swap starting
• 8:19
  Speaker 1: to take in or as it should say, unit chain
• 8:21
  Speaker 1: started to take in some of those fees. So again,
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  Speaker 1: very good and bullish for the ecosystem. One thing to
• 8:29
  Speaker 1: note is this right when you look at throughput, this
• 8:32
  Speaker 1: is kind of where optimism could become kind of the
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  Speaker 1: superchain of what ethereum is doing because you have base
• 8:39
  Speaker 1: world chain, world chain of course, hoping made that all
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  Speaker 1: of this was happening at the same time. Because of
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  Speaker 1: early adoption. What we saw within the precta upgrade which
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  Speaker 1: has caused all of this movement that you're seeing just
• 8:49
  Speaker 1: over the last thirty days. If you look at ag Lare,
• 8:52
  Speaker 1: which is a comparison over on Polygon, even they now
• 8:56
  Speaker 1: are starting to work in with interoperability within optimism. Again,
• 9:00
  Speaker 1: this is a benefit to Ethereum. This is why I
• 9:04
  Speaker 1: think we're going to continue to see this movement. One
• 9:06
  Speaker 1: thing I want to point to right here is when
• 9:09
  Speaker 1: you look at let's go over to Polygon right here,
• 9:12
  Speaker 1: and you can kind of see right there around two
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  Speaker 1: point six billion, and then you start to look down
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  Speaker 1: further in the ranking and it gets interesting because this
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  Speaker 1: tells me that optimism setting in right there at one
• 9:24
  Speaker 1: point three billion. This has a huge opportunity to run.
• 9:28
  Speaker 1: So be on the lookout right now. This is one
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  Speaker 1: I'm anticipating could start to break out. Ethereum's latest upgrade,
• 9:34
  Speaker 1: Pector reportally introduced off chain wallet delegation, which allows attackers
• 9:39
  Speaker 1: to join crypto using assign masters. This came from from Melker. Listen,
• 9:44
  Speaker 1: you're gonna have these kind of exposures out there, whether
• 9:46
  Speaker 1: it's on Salana, could happen in Phantom, all those kind
• 9:49
  Speaker 1: of things. Just practice good wallet hygiene. And you won't
• 9:54
  Speaker 1: have to worry about these kind of things. But that
• 9:56
  Speaker 1: is something that I think is a little bit of
• 9:59
  Speaker 1: fud for what we're seeing within the eth ecosystem around
• 10:02
  Speaker 1: the Pectra upgrade. One thing I want to note right
• 10:04
  Speaker 1: here on if you look at coinbase, let me kind
• 10:07
  Speaker 1: of zoom in on this for you guys. This is
• 10:09
  Speaker 1: on chain assets that are where you can basically go
• 10:12
  Speaker 1: out and loan and on against USDC and Bitcoin. Notice
• 10:16
  Speaker 1: right here this is the growth that we're seeing now.
• 10:19
  Speaker 1: Granted this has just gotten introduced by coinbase a couple
• 10:22
  Speaker 1: of weeks ago, this is going to continue to blow up.
• 10:24
  Speaker 1: And remember all this again coinbase base on optimism. This
• 10:29
  Speaker 1: is why I think we'll continue to see all this
• 10:32
  Speaker 1: continue to move. Other things I want to hit on,
• 10:34
  Speaker 1: of course, is the stablecoin bill that faltered last week.
• 10:38
  Speaker 1: Could we see a new stable coin bill come through
• 10:41
  Speaker 1: even today if it does get ready, because there's going
• 10:46
  Speaker 1: to be a lot of activity I think starting to
• 10:48
  Speaker 1: brew into what we will see in the ecosystem. And
• 10:52
  Speaker 1: here is the monthly chart on optimism. The last time
• 10:55
  Speaker 1: we really saw some movement on optimism, even if you
• 10:59
  Speaker 1: just go back to December of last year when we
• 11:01
  Speaker 1: had our last little bull run, Optimum was trading at
• 11:03
  Speaker 1: the high at around two seventy six, currently running at
• 11:07
  Speaker 1: eighty two, So interesting position right now. Let me know
• 11:11
  Speaker 1: if you guys are looking at the ecosystem as a
• 11:14
  Speaker 1: potential investment, and if you are, drop some comments down below.
• 11:18
  Speaker 1: Of course, if you're not part of the Diamond Circle,
• 11:20
  Speaker 1: make sure and do that as well. It's a great
• 11:22
  Speaker 1: place to get additional content from me and get into
• 11:25
  Speaker 1: the telegram group. That's where I actually communicate with you
• 11:28
  Speaker 1: guys back and forth. Ask me questions. Feel free to
• 11:30
  Speaker 1: do that. It's a link down there to our telegram group.
• 11:34
  Speaker 1: Follow me on x at Paul Baron. We'll catch you
• 11:36
  Speaker 1: next time right here on Techpath