Latest / The Paul Barron Crypto Show / TRON Skyrockets!!!🚀Memecoin Frenzy Leaving Solana?️‍🔥

Transcript

TRON Skyrockets!!!🚀Memecoin Frenzy Leaving Solana?️‍🔥 · The Paul Barron Crypto Show

• 0:06
  Speaker 1: Big news today, and that of course, is all about
• 0:08
  Speaker 1: the tront network and what it's doing in the market
• 0:10
  Speaker 1: and why we're going to break it all down for
• 0:12
  Speaker 1: you guys. You don't want to miss it. My name
• 0:13
  Speaker 1: is Paul Barren, Welcome back into tech Path. I do
• 0:15
  Speaker 1: want to thank our sponsor today, and that is Tangent.
• 0:18
  Speaker 1: In fact, Tangum is one of the ways that you
• 0:20
  Speaker 1: can actually get into the tront ecosystem, so check it out.
• 0:24
  Speaker 1: It is a great self custody wallet out there. Of course,
• 0:26
  Speaker 1: it is a set of cards. All you have to
• 0:28
  Speaker 1: do is hit that little get Tangent button and you
• 0:30
  Speaker 1: can get into the three cards set. The cool thing here,
• 0:33
  Speaker 1: of course is it's super simple and very secure, So
• 0:37
  Speaker 1: check out Tangum. If you're starting your self custody journey,
• 0:41
  Speaker 1: make sure and use our link down below. All right,
• 0:43
  Speaker 1: I want to take a look at a couple of things.
• 0:45
  Speaker 1: If you look at the coin market cap chart, one
• 0:48
  Speaker 1: of the things I've done here is just a sort
• 0:51
  Speaker 1: by the twenty four hour volume. As you can see
• 0:53
  Speaker 1: Tether leading the way, a lot of activity on Tether
• 0:56
  Speaker 1: right now on tron and then as you flow down
• 0:59
  Speaker 1: into it top ten right there is Tron at one
• 1:02
  Speaker 1: point seven billion on its own and even Solana holding
• 1:06
  Speaker 1: at one point six so it has already flipped Solana
• 1:08
  Speaker 1: in terms of volume on the twenty four hour. Now,
• 1:12
  Speaker 1: there's a lot of reasons why this is starting to move,
• 1:14
  Speaker 1: and many of you guys have started to see some
• 1:16
  Speaker 1: of this. We talked a little bit about this yesterday.
• 1:19
  Speaker 1: This is the sentiment right now that is starting to
• 1:21
  Speaker 1: float in on Tron all right.
• 1:23
  Speaker 2: When you look at.
• 1:24
  Speaker 1: Total revenue, only one ahead of it right now, of
• 1:28
  Speaker 1: course is Ethereum, which is holding out about one three
• 1:31
  Speaker 1: six billion in fees versus Tron holding in it almost gosh,
• 1:34
  Speaker 1: almost a billion in fees a turn fifty six million.
• 1:37
  Speaker 2: So when you take a look.
• 1:38
  Speaker 1: At volume and fees right here, Tron exploding right here
• 1:43
  Speaker 1: into one point four billion in volume and of course
• 1:46
  Speaker 1: you four million in fees. So this again starts to
• 1:50
  Speaker 1: show some pretty significant moves. Now, why is all this happening.
• 1:53
  Speaker 1: We'll compare this again over to Solana. Solana has been
• 1:56
  Speaker 1: declining slightly over this last little bit, so starting to
• 2:00
  Speaker 1: move here in August, coming down, and I think some
• 2:04
  Speaker 1: key things need to happen for Solana, and that of
• 2:07
  Speaker 1: course is going to be breakpoint. Breakpoint will be a
• 2:10
  Speaker 1: very key factor on how Solana is doing, and of
• 2:13
  Speaker 1: course if there are some big announcements, because as you
• 2:16
  Speaker 1: guys know, a lot of this trades on sentiment and
• 2:18
  Speaker 1: all you have to do is feed that with a
• 2:20
  Speaker 1: little bit of activity and or something that's fun in
• 2:23
  Speaker 1: these meme tokens, and.
• 2:25
  Speaker 2: Off it runs.
• 2:26
  Speaker 1: You look at right now, this is sun Pump versus
• 2:28
  Speaker 1: Pump dot Fun, and you can kind of see look
• 2:31
  Speaker 1: at the explosion that we've already started to see just
• 2:34
  Speaker 1: in a short period of time.
• 2:36
  Speaker 2: This essentially is the pump dot Fun of tron.
• 2:40
  Speaker 1: So, of course, if you're looking at market cap right now,
• 2:43
  Speaker 1: and this is going to be key because there's some
• 2:45
  Speaker 1: things in here. I want you guys to pay attention
• 2:46
  Speaker 1: to Sun Dog leading in but this one right here,
• 2:50
  Speaker 1: Sun Willkong is the one I'm very interested in and
• 2:52
  Speaker 1: there's a reason why, and we'll explain that in a second.
• 2:54
  Speaker 1: But if you look at sun Pump in general, and
• 2:56
  Speaker 1: I want to go to this chart right here, which
• 2:58
  Speaker 1: this is overall tokens created on the day and where
• 3:01
  Speaker 1: we've seen on total at twenty two thousand. If you
• 3:04
  Speaker 1: compare that to pump dot fund Look at the difference
• 3:07
  Speaker 1: there at one point eight million, So it's just getting going.
• 3:10
  Speaker 1: It's just beginning at twenty two thousand tokens versus a
• 3:12
  Speaker 1: one point eight million in these kinds of activities. So
• 3:16
  Speaker 1: could this be the breakout for pump dot funds comparison
• 3:20
  Speaker 1: under tron And is this the next mean token run
• 3:25
  Speaker 1: that we'll start to see a lot of activity on.
• 3:27
  Speaker 1: This is the leader SunDog right now. You see the
• 3:30
  Speaker 1: market cap holding two hundred and twenty four million right below.
• 3:35
  Speaker 1: I want you to look focus in on this one.
• 3:37
  Speaker 1: This is some Wukong just started moving market cap at
• 3:40
  Speaker 1: ten million, so literally potentially twenty x on that if
• 3:45
  Speaker 1: it runs at the same level.
• 3:46
  Speaker 2: Now, there's are a lot of reasons why this might happen.
• 3:48
  Speaker 1: One of course, Justin Sun himself, what does he do
• 3:52
  Speaker 1: changes his avatar? Well that's not necessarily enough. What else
• 3:55
  Speaker 1: does he do? Well, you've got this game happening right
• 3:59
  Speaker 1: now on games on, which was a fairly successful launch.
• 4:02
  Speaker 1: And then you look at some of the activity and
• 4:04
  Speaker 1: this is a great marketing.
• 4:05
  Speaker 2: Move I think by Justin Sun.
• 4:08
  Speaker 1: The master trokes that Sun has done is he air
• 4:11
  Speaker 1: dropped these codes, these are Steam codes for the game itself.
• 4:14
  Speaker 1: So again this is just another marketing move. Again puts
• 4:16
  Speaker 1: it right out there in the front, and if you
• 4:19
  Speaker 1: go back to his Twitter you can kind of see
• 4:22
  Speaker 1: the example.
• 4:22
  Speaker 2: So what does that mean?
• 4:23
  Speaker 1: Does that mean that this is one of the tokens
• 4:26
  Speaker 1: that could be on the move. That's the thing that
• 4:28
  Speaker 1: we're starting to look at and watch a little bit closer. This,
• 4:31
  Speaker 1: of course is some will cong over on tron and
• 4:34
  Speaker 1: of course there's a lot of ways to get into this,
• 4:36
  Speaker 1: and of course if you guys don't have tron wallet,
• 4:38
  Speaker 1: maybe check that out. You could also look at what's
• 4:41
  Speaker 1: happening over on tangum.
• 4:42
  Speaker 2: There's some potential there.
• 4:44
  Speaker 1: There is a full process of how this might work.
• 4:46
  Speaker 1: But I want to go into a couple other things here,
• 4:49
  Speaker 1: all right, So this is just a conversion of stable coins.
• 4:52
  Speaker 1: So this could take sun pump even higher than pumped
• 4:55
  Speaker 1: off fund. So I know this gets a little complicated.
• 4:57
  Speaker 1: Point being is this is to be no fees for
• 4:59
  Speaker 1: any aable coin transactions. So you could go from USDT
• 5:03
  Speaker 1: to USDD to USDC etc.
• 5:07
  Speaker 2: For no fees.
• 5:08
  Speaker 1: All right, So one of the things that you got
• 5:10
  Speaker 1: to watch for is how Tron works and part of
• 5:13
  Speaker 1: this is energy and bandwidth. So right now fees have
• 5:17
  Speaker 1: started to explode. I don't know that he even expected
• 5:20
  Speaker 1: the kind of success that he's having. So what he's
• 5:23
  Speaker 1: done here, this is going back to justin Sun. Remember
• 5:26
  Speaker 1: he runs the Tron network. Do the recent Tron network
• 5:29
  Speaker 1: activity surge. I'm kind of zoom in on that.
• 5:31
  Speaker 2: Right there, energy shortage arose.
• 5:33
  Speaker 1: I informed the super representatives, who responded positively.
• 5:36
  Speaker 2: They're expected to propose.
• 5:37
  Speaker 1: Raising the energy limit today, meaning energy costs go down,
• 5:40
  Speaker 1: fees go down. That's the advantage they could drive this.
• 5:44
  Speaker 1: So if they stay on this cycle of a meme
• 5:47
  Speaker 1: coin engine, you could see a lot of activity starting
• 5:50
  Speaker 1: to move on the Tron network. They also have a
• 5:54
  Speaker 1: space that's going to be over on Mario No Falls Monday.
• 5:57
  Speaker 1: It's coming on at nine pm Eastern, So that's going
• 6:00
  Speaker 1: to kick off the Sun Pump Me Meme era.
• 6:03
  Speaker 2: We'll see how this goes, and it may be one
• 6:05
  Speaker 2: of these cycles.
• 6:06
  Speaker 1: Remember a lot of these meme cycles are where we've
• 6:08
  Speaker 1: seen some pretty major gains in crypto, especially in these
• 6:12
  Speaker 1: times where we're seeing a lot of sideways action on
• 6:14
  Speaker 1: the major tokens. All right, so one of the far
• 6:17
  Speaker 1: reaching opportunities here is that Tron movie could start to
• 6:22
  Speaker 1: spark a little bit of interesting in this no correlation,
• 6:26
  Speaker 1: no relation, but could we see a whole new set
• 6:29
  Speaker 1: of meme tokens starting to come out within the Tron network,
• 6:32
  Speaker 1: obviously tying into what's happening in the movie. Great marketing
• 6:36
  Speaker 1: potentials there, don't forget though, this is the main reason
• 6:39
  Speaker 1: they're not listening on major exchanges. If that gets removed
• 6:41
  Speaker 1: then or we start to see the SEC not necessarily
• 6:44
  Speaker 1: going after it, then most likely we'll see these exist
• 6:47
  Speaker 1: on exchanges as well.
• 6:49
  Speaker 2: All right, if you take a.
• 6:50
  Speaker 1: Look at Tron right now and you go all the
• 6:52
  Speaker 1: way back into this current trading zone, now, the zone
• 6:55
  Speaker 1: I'm in right here is all the way back in
• 6:58
  Speaker 1: April of twenty twenty one, and this is the resistance
• 7:02
  Speaker 1: that is holding right now, and if it breaks, this
• 7:06
  Speaker 1: is what we're watching. If you have enough engine in
• 7:10
  Speaker 1: terms of fuel coming in from the Tron network based
• 7:14
  Speaker 1: on these meme tokens, could this be the breakout that
• 7:17
  Speaker 1: could start to Centron into the next level and a
• 7:19
  Speaker 1: lot of these meme tokens along with it, including things.
• 7:21
  Speaker 2: Like what we just showed.
• 7:23
  Speaker 1: All right, so when you take a look at the
• 7:24
  Speaker 1: daily sentiment over here on tron right here, of course,
• 7:27
  Speaker 1: it's starting to explode. Let me kind of zoom in
• 7:30
  Speaker 1: on that for you guys just a little bit and
• 7:33
  Speaker 1: you can kind of see what's happening right here on
• 7:35
  Speaker 1: trade sentiment as well as overall also very positive, even
• 7:38
  Speaker 1: though this is starting to hit a lot of resistance.
• 7:41
  Speaker 1: So I'm watching this one very closely. Money flow up
• 7:44
  Speaker 1: a little bit under, but it is starting to move
• 7:45
  Speaker 1: back up a little bit. Of course, remember this is
• 7:48
  Speaker 1: a potential retrace here. The trailing stop is still showing
• 7:51
  Speaker 1: positive gains. Obviously we've seen this because of this big
• 7:54
  Speaker 1: spike yesterday or the day before, So be on the
• 7:57
  Speaker 1: lookout for this one.
• 7:58
  Speaker 2: We'll continue to watch it.
• 7:59
  Speaker 1: Could it be the one that flips Solana in the
• 8:01
  Speaker 1: short term, and how does it play through this meme
• 8:04
  Speaker 1: cycle if it actually develops one.
• 8:06
  Speaker 2: So take a look on that.
• 8:07
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• 8:16
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