Latest / The Paul Barron Crypto Show / Solana Flips BNB Permanently?🚀 Bitcoin Next?🔥

Transcript

Solana Flips BNB Permanently?🚀 Bitcoin Next?🔥 · The Paul Barron Crypto Show

• 0:07
  Speaker 1: Solana is on the move today in the market, says
• 0:09
  Speaker 1: it flips B and B and also we'll take a
• 0:11
  Speaker 1: look at what this might mean for the rest of
• 0:14
  Speaker 1: the crypto market, and has Solana become the all coin
• 0:17
  Speaker 1: to get. We'll break it all down for you guys.
• 0:19
  Speaker 1: My name is Paul Barren. Welcome back in a tech path.
• 0:21
  Speaker 1: Let me get over into it today. I do want
• 0:22
  Speaker 1: to thank our sponsor, and that has I Trust Capital.
• 0:24
  Speaker 1: If you're looking at long term holding of your crypto
• 0:27
  Speaker 1: and you want to do it in a tax advantage way,
• 0:29
  Speaker 1: in other words, pay no tax while you have it
• 0:32
  Speaker 1: an IRA, you can do that over on I Trust Capital.
• 0:35
  Speaker 1: You will be able to join over nine billion in
• 0:38
  Speaker 1: transactions and two hundred thousand accounts out there in what
• 0:42
  Speaker 1: I think is one of the most popular and most
• 0:44
  Speaker 1: effective crypto hours on the market. Check it out. Use
• 0:47
  Speaker 1: our link down below. I Trust Capital get a one
• 0:49
  Speaker 1: hundred dollars funding reward if you decide to go that direction.
• 0:52
  Speaker 1: Let's go to a couple of topics right here. Coming
• 0:55
  Speaker 1: in from coin Get Go latest soul overtakes B and
• 0:57
  Speaker 1: B to become the fourth largest crypto by market cap
• 1:01
  Speaker 1: as it reclaims the one hundred and ninety dollars level today,
• 1:05
  Speaker 1: which is fantastic. Solana definitely moving aggressively right now in
• 1:10
  Speaker 1: the markets. There's a handful of reasons for this, and
• 1:13
  Speaker 1: I think as we get into some of the topics today,
• 1:15
  Speaker 1: you guys will get a good example. By the way,
• 1:17
  Speaker 1: if you're not subscribed to the channel right now, maybe
• 1:20
  Speaker 1: you're brand new to crypto and you're thinking, hey, Solana,
• 1:22
  Speaker 1: what is this? Make sure and subscribe right now. We'll
• 1:25
  Speaker 1: give you all the tech on blockchain, all sorts of
• 1:27
  Speaker 1: investment strategies and concepts that we're looking at, and also
• 1:31
  Speaker 1: the macro side of it. So just click the subscription
• 1:34
  Speaker 1: link down below. Let's go to a couple of topics here,
• 1:37
  Speaker 1: pumped off fund, flips ether in a twenty four hour
• 1:40
  Speaker 1: revenue jen On. This is coming over from DeFi Lama,
• 1:43
  Speaker 1: and I think this is one that you kind of
• 1:46
  Speaker 1: have to consider with what we'll see in terms of
• 1:48
  Speaker 1: what is the top performing asset out there, whether it's Ethereum, Solana, others.
• 1:53
  Speaker 1: If you look at some of the transactions right here
• 1:55
  Speaker 1: just on Ethereum, these are the monthly transaction fees in comparison. Now,
• 1:59
  Speaker 1: remember as eth continues to try to drive down prime
• 2:03
  Speaker 1: or cost. Then a lot of these transactions get shifted
• 2:07
  Speaker 1: over to these L two's. But Sola right now on
• 2:10
  Speaker 1: the move right now in terms of making a lot
• 2:13
  Speaker 1: of monthly transaction fees. And remember that these transaction fees
• 2:17
  Speaker 1: are so low. So this means massive growth on the
• 2:20
  Speaker 1: network itself. Good for Solana and all those holding it
• 2:23
  Speaker 1: right there. So you look at the decks volume two,
• 2:27
  Speaker 1: Solana surpassed the combined twenty four hour des volume right
• 2:30
  Speaker 1: now of eth Base and Binance combined. So you're looking
• 2:34
  Speaker 1: at one point nine billion on Solana right now. This
• 2:37
  Speaker 1: is significant because it does mean that we've got a
• 2:41
  Speaker 1: lot of activity on the chain right now. But I
• 2:43
  Speaker 1: think the opportunity again goes back into all the projects.
• 2:46
  Speaker 1: So think of all the projects that are tied into Solana,
• 2:49
  Speaker 1: many of which we talk about here on the show
• 2:51
  Speaker 1: quite a bit. There's a lot of innovative tech that
• 2:54
  Speaker 1: is connected to this, which is why I think you're
• 2:56
  Speaker 1: seeing what you're seeing right now. All right, So one
• 2:58
  Speaker 1: thing you have to look at right here is the
• 3:00
  Speaker 1: number of active addresses right there over the last twenty
• 3:03
  Speaker 1: four hours, one point one seven million. If you compare
• 3:06
  Speaker 1: this right now to Ethereum active addresses over the last
• 3:10
  Speaker 1: twenty four three point or excuse me, three ounds and
• 3:13
  Speaker 1: sixty two k. So just think about that three hundred
• 3:15
  Speaker 1: and sixty two K versus the one point that's what
• 3:17
  Speaker 1: is that three times a little over three times what
• 3:20
  Speaker 1: we're seeing on Ethereum, which is really one of the
• 3:23
  Speaker 1: largest chains out there in terms of security. So pretty
• 3:27
  Speaker 1: good moves here on Solana for sure, and of course
• 3:29
  Speaker 1: transactions is the question mark if that's the case, but
• 3:33
  Speaker 1: we're still not seeing massive movements here in terms of growth.
• 3:37
  Speaker 1: It just seems to get up to that level, and
• 3:40
  Speaker 1: it just maintains if you look back really kind of
• 3:43
  Speaker 1: the beginning of June or excuse me, June July around
• 3:46
  Speaker 1: forty two million in transactions. It peaked a little bit
• 3:49
  Speaker 1: around forty five, and then right there it's cracking out
• 3:53
  Speaker 1: at around forty million transactions as of July twenty seventh.
• 3:57
  Speaker 1: So that's something to kind of consider when your when
• 4:01
  Speaker 1: you kind of consider where Soul is going, because obviously
• 4:04
  Speaker 1: transactions are kind of the lifeblood of any chain out there.
• 4:06
  Speaker 1: A couple other points I want to hit on right here,
• 4:09
  Speaker 1: Crypto's next wave of smart money. A couple of points
• 4:11
  Speaker 1: within this which types. Let me kind of bring this up,
• 4:14
  Speaker 1: which types of cryptocurrency is your firm allocated to currently?
• 4:18
  Speaker 1: And this is looking at what the firms own. You'll
• 4:22
  Speaker 1: notice that bitcoin eth kind of leading the way. But
• 4:24
  Speaker 1: look where Solona is number three holding that position. And
• 4:27
  Speaker 1: if you look further in the report, I've got some
• 4:30
  Speaker 1: interesting points here and that is what features would you
• 4:34
  Speaker 1: most want from a trad FI custodian beyond the custody
• 4:37
  Speaker 1: of top coins like bitcoin eight. And what they're looking
• 4:40
  Speaker 1: for is liquidity providers prime broker services and then lending
• 4:45
  Speaker 1: them borrow so that in itself starts to lean a
• 4:48
  Speaker 1: little bit more to what's happening within the Salana ecosystem.
• 4:51
  Speaker 1: All right, So one of the things you got to
• 4:53
  Speaker 1: watch for is Apollo this is going to be able
• 4:55
  Speaker 1: to unleash liquidity into the Solana blockchain. You kind of
• 4:59
  Speaker 1: see this right here on the potential here of bitcoin
• 5:02
  Speaker 1: moving into the blockchain. If you look further into there,
• 5:06
  Speaker 1: what's next? This is the roadmap. I want to just
• 5:08
  Speaker 1: showcase a couple of things right here, and this is
• 5:10
  Speaker 1: bitcoin wallet integration. These are the muses upgrade happening now,
• 5:14
  Speaker 1: and that means a lot, because it could mean quite
• 5:17
  Speaker 1: a bit of bitcoin now looking for a new home,
• 5:21
  Speaker 1: and that means an opportunity of really seeing the network
• 5:24
  Speaker 1: itself start to explode. This is a good example right here.
• 5:28
  Speaker 1: Let me go to all time right here, you can
• 5:30
  Speaker 1: kind of see the growth in total value that is
• 5:32
  Speaker 1: potentially accessible here now through what Apollo is going to
• 5:37
  Speaker 1: be doing. Let me go to a clip real quick
• 5:39
  Speaker 1: because this will get into some of the details of
• 5:41
  Speaker 1: how this works. Let's take a.
• 5:42
  Speaker 2: Look opencoinmarketcap dot com right and look at like the
• 5:46
  Speaker 2: number one spot, and there's like a trillion dollars at
• 5:48
  Speaker 2: liquidity sitting right there doing not very much. Yeah, like
• 5:53
  Speaker 2: certainly right compared to a centralized exchange, right, Like, if
• 5:56
  Speaker 2: a centralized exchange just like took your funds, you'd be screwed,
• 6:00
  Speaker 2: right in this situation, right, the worst case scenario, you
• 6:03
  Speaker 2: get a ten percent arpatrage. Right, So like you make money,
• 6:07
  Speaker 2: right if you consider like trying to bridge to like
• 6:09
  Speaker 2: another bitcoin l two. Like the problem the problem that
• 6:13
  Speaker 2: they come up against is like they're all starting from scratch, right.
• 6:16
  Speaker 2: Solana already has an extremely mature DeFi ecosystem. Right, So
• 6:20
  Speaker 2: if you have bitcoin on Solana, like we just like
• 6:22
  Speaker 2: plug it into you know, like Soland or Camino or
• 6:26
  Speaker 2: Jupiter or whatever. Right, Like, all of this infrastructure already exists.
• 6:30
  Speaker 2: Liquidity already exists.
• 6:32
  Speaker 1: Right.
• 6:32
  Speaker 2: We're down to a very low subsidy at this point,
• 6:35
  Speaker 2: and miners are actually really interested in this idea of staking, restaking,
• 6:41
  Speaker 2: lending whatever with their bitcoin because they need to find other,
• 6:45
  Speaker 2: like new ways to remain profitable. It's one of the
• 6:49
  Speaker 2: only chains, maybe the only maybe like one of like
• 6:52
  Speaker 2: two or three that could actually implement all of these
• 6:55
  Speaker 2: bitcoin primitives and actually like capture all that val you
• 7:00
  Speaker 2: and actually be able to like process it.
• 7:03
  Speaker 1: So this means that we could see a literal liquidity
• 7:06
  Speaker 1: wall coming into solon it all right. So one of
• 7:09
  Speaker 1: the things that you have to consider is the pathway.
• 7:11
  Speaker 1: And of course, this of course is Zeus network. You've
• 7:13
  Speaker 1: heard us talk about this on the show before the
• 7:15
  Speaker 1: Meat Muses wallet. So this is getting ready to roll
• 7:18
  Speaker 1: out and it's moving quickly. And again this is going
• 7:20
  Speaker 1: to be allowing bitcoin asset management on Salona, allowing bitcoin
• 7:23
  Speaker 1: into the fold as a zpil asset. All this coming
• 7:27
  Speaker 1: in if you look at some of the tweets right here.
• 7:29
  Speaker 1: Users will soon be available for public testing. So this
• 7:31
  Speaker 1: is a big push trying to get into what I
• 7:34
  Speaker 1: think will be a massive amount of liquidity as bitcoin
• 7:37
  Speaker 1: starts to make a big move here. So we'll see
• 7:39
  Speaker 1: how this plays out in the markets. So speaking of
• 7:42
  Speaker 1: other alternatives out here, this of course is the original
• 7:45
  Speaker 1: Saga and this has already earned Oliver twenty three hundred
• 7:49
  Speaker 1: bucks in terms of just air drops. So if you
• 7:51
  Speaker 1: look at just what's been going through this is version
• 7:54
  Speaker 1: one of the Salona Saga phone. Everybody kind of knows
• 7:57
  Speaker 1: that this has been one of the biggest opportunities out there. Also,
• 8:00
  Speaker 1: if you look at chapter two here of course is
• 8:03
  Speaker 1: now where we are already on chapter two, and again
• 8:06
  Speaker 1: this one's already paid for the phone itself. So a
• 8:08
  Speaker 1: lot of movement here within what I think will be
• 8:12
  Speaker 1: kind of maybe next generation wallets. Who knows how this
• 8:14
  Speaker 1: is going to play out. That there's a lot of
• 8:16
  Speaker 1: things within the Salona ecosystem that is so aggressive in
• 8:20
  Speaker 1: terms of opportunity and growth. All right, so if you
• 8:23
  Speaker 1: think about what wallets might look like, well, one that
• 8:27
  Speaker 1: has already started to release, it's kind of weird because
• 8:29
  Speaker 1: you've got the Ledgerflex now coming out in lieu of
• 8:32
  Speaker 1: the stacks. I'm not sure because I haven't seen the
• 8:34
  Speaker 1: stack chat. I ordered one of these, pre ordered one
• 8:36
  Speaker 1: of these years ago, yet to be released. But I'm
• 8:39
  Speaker 1: just kind of curious. Why would a bitcoin holder go
• 8:42
  Speaker 1: this direction versus just a soccophone, you know, that would
• 8:46
  Speaker 1: have the ability to have these DApps on it and
• 8:48
  Speaker 1: be able to function as a liquidity provider within these apps.
• 8:52
  Speaker 1: So that's where we'll get kind of interesting. The other
• 8:55
  Speaker 1: thing that you have to consider is just the amount
• 8:57
  Speaker 1: of projects that are really excelling on Solana. Here's Eliam
• 9:01
  Speaker 1: Mobile right here. Look at this growth period of time
• 9:03
  Speaker 1: right now, these are hot spots and sign ups deployed
• 9:06
  Speaker 1: over one hundred thousand. I have a feeling that this
• 9:09
  Speaker 1: is just the beginning. The other thing that plays into
• 9:12
  Speaker 1: Solana's bag are NFTs, And of course, if you look
• 9:15
  Speaker 1: at the largest NFT drop coming right now, Star atlis
• 9:19
  Speaker 1: planning to drop two point five million in terms of
• 9:21
  Speaker 1: crew members, this will be one of the biggest ones
• 9:23
  Speaker 1: that has been out there, and things to consider when
• 9:26
  Speaker 1: you look at this, along with kind of this rent.
• 9:29
  Speaker 1: I won't say renaissance. But maybe this could get us
• 9:31
  Speaker 1: into a position where gaming starts to come back within crypto,
• 9:36
  Speaker 1: and maybe it takes some of the aibuzz. Maybe not,
• 9:39
  Speaker 1: but of course Star Atlas kind of leading the way
• 9:41
  Speaker 1: right there. All right, let's take a quick look at
• 9:44
  Speaker 1: the charts right now. B and B has been slightly
• 9:47
  Speaker 1: on the climb here, even though a little bit sideways
• 9:49
  Speaker 1: over the last little bit Trey in around five seventy six.
• 9:52
  Speaker 1: You look at Solana, this is the move that we've
• 9:55
  Speaker 1: been experiencing over the last two weeks, which has been
• 9:57
  Speaker 1: a pretty nice move. What have we seen here since
• 10:00
  Speaker 1: this bottom just so, we're going to the top of
• 10:02
  Speaker 1: the candles right there at around forty six percent a
• 10:04
  Speaker 1: nice move here, up from around one point thirty. So
• 10:08
  Speaker 1: for you Solana holders out there, kudos to you. Nice
• 10:10
  Speaker 1: moves definitely, and I think this is just the beginning
• 10:13
  Speaker 1: as we start to see a new order block starting
• 10:15
  Speaker 1: to get pierced right there at the top. The other
• 10:17
  Speaker 1: thing that you can kind of indicate right here is
• 10:19
  Speaker 1: just a sentiment has been very powerful. This comes to
• 10:23
  Speaker 1: us with our MSI two point zero trading tool that's available,
• 10:27
  Speaker 1: So you guys, if you want to learn more about it,
• 10:28
  Speaker 1: click the diamond circle down below. You'll find out some
• 10:30
  Speaker 1: stuff there. Zeus is the other one I want to watch,
• 10:33
  Speaker 1: and we kind of zip down here to the bottom.
• 10:35
  Speaker 1: Take a look at Zeus. A little bit of sideways
• 10:38
  Speaker 1: action but up slightly, you know, from this bottom, which
• 10:41
  Speaker 1: was trading at about fourteen cents. Not a bad move
• 10:44
  Speaker 1: though overall when you look at where the potential is
• 10:48
  Speaker 1: for this one at about seventy six percent of a move,
• 10:50
  Speaker 1: So again, a lot of opportunity here for Solana, and
• 10:54
  Speaker 1: I think as we start to see this crack two hundred,
• 10:56
  Speaker 1: which I think it will be soon doing soon that
• 10:59
  Speaker 1: I think is going to be just the beginning of
• 11:01
  Speaker 1: where we see Salon a go. If you guys are
• 11:03
  Speaker 1: not subscribers with the channel, make sure and jump in
• 11:05
  Speaker 1: right now. Become part of our diamond circle. It's a
• 11:07
  Speaker 1: great place to get additional content. I do a bunch
• 11:10
  Speaker 1: of additional videos over there, and all sorts of additional content.
• 11:13
  Speaker 1: So just click the link down below and also follow
• 11:16
  Speaker 1: me out there on x at Paul Baron. We'll catch
• 11:18
  Speaker 1: you next time right here on tech Path