Ladies and gentlemen, welcome back to another video, so ethereum has finally popped today, resulting in bitcoin, climbing, back retesting, the resistance of 50 000, while bringing up other all coins during this time. So in this video we're going to be talking about why ethereum had a drastic explosion in price today, we're also going to be going over some newly set price targets for ethereum, because things are about to get real interesting very soon and i'll also be going over. Some new all coins that i have a lot of potential in as well now i know a lot of my future millionaires out here are very hungry for what that next potential all coin could be and we're gon na get into that. First, let's just dissect.

Some of the issues that we're seeing with ethereum and where ethereum is headed, because this is going to line us up for some opportunities in the market, especially with all the volume that we're seeing now now before we get started with today's episode. Do me a favor and drop a like down below so youtube recommends more videos like this, and it also helps my channel out completely for free now, with that being said, let's hop into the computer and see what is going on for today, all right so to Kick off today's video, we got a funny tweet by all coin gordon. He says my wife's, a boyfriend sold ethereum at three thousand dollars laughing emoji and a clown emoji. Now, as you guys know, ethereum is now up 8.72.

At the time of filming this video or up 14 in the last seven days, what this has resulted in is a slight increase in the overall global crypto market. Once again, where we are sitting at 2.18 trillion dollars and bitcoin's dominance is currently continuing to go down. Almost close to 41, so, as you can see on your screen, this is gon na, be a chart based on major crypto assets by percentage of total market capitalization, also known as the bitcoin dominance chart. So when bitcoin first came out, there were no other cryptocurrencies.

That would compare to it other than you would see like this little others chart right here. So bitcoin was 95 of the entire supply. As you can see, when all coins started to first pick up and ethereum was released, you'll notice that ethereum was gaining a lot of the market dominance, while bitcoin even hit a low of 37 for the dominance chart you'll notice later that year in 2018. They continue to go down to 32.

It started to ride back up once we had more maximalists coming on board mainstream media. Talking about it, and through the years of 2019, going into 2020 we've been accumulating more and more bitcoin, where even just a few months back bitcoin's dominance was at over 50. Now it has dropped significantly. So what you have to know with this means we are stirring up another all coin season, and this is huge, huge news for anyone looking to make money in the crypto markets.

So if 75 of the top 50 coins performed better than bitcoin over the last 30 days, it is indeed all coin month, and you get this little red right here. You'll notice that the return over the last 30 days for bitcoin was 24, while all these other cryptocurrencies on the market has earned significantly more with this one right here, ar up 399 percent solana of 244 avax up 241 percent and bcha up 220. Just in the last 30 days now for anyone who wants to contest and say man, crypto is overrated, it is too late and the time i should have invested was in 2018 or even during the last peak, but right now there's no opportunity to be made and That couldn't be farther from the truth, based on the performance of many cryptocurrencies and where we are headed, which i will go over based on my predictions on some of the news and volume that we're seeing going into different markets. I am still so bullish and we are still so early in the adoption of cryptocurrency, where even just a month ago, a month ago, if you had invested into the right all coins, you would have found yourself either.

Doubling your money, or even tripling your money or beyond so going back into our crypto market analysis, we're seeing bitcoin now at forty eight thousand two hundred seven dollars it looks like we have a much stronger shot of now breaking past fifty thousand dollars and retesting that Level of resistance so pretty much. What happened today was ethereum. It had a huge spike up had a large large green candle. I got the alert for it.

I posted on my instagram over at credit, brian and then shortly after bitcoin started following and rallying up in price, and that is pretty much like a feedback loop. So ethereum started this with definitely a large whale or some type of institution, putting a lot of money. So this isn't going to be tens of thousands of dollars. Hundreds of thousands of dollars is not even going to be millions of dollars, we're talking about billions of dollars that went into ethereum today, thus resulting in this huge price action, and it makes sense, because even if we take a look at the charts for ethereum you'll Notice that we've been getting such heavy consolidation and we've been seeing a very healthy layer of foundation.

So if you watched some of my previous videos, you know that i've been saying that ethereum was soon to get picked up. This is why, over the past few months, i've been doubling down on my bet with ethereum, because no matter what happens, even though ethereum has been rather slow in the past few weeks, compared to other all coins once they move, they really start moving. Now i believe, 3 800 to 4 thousand dollars is gon na, be coming up very soon and remember the last all-time high year-to-date, at least on coinbase, it's showing about forty three hundred dollars on other exchanges. We even saw forty four hundred to forty five hundred dollars.

We will be testing that previous all-time high and once we break through that, i can definitely see ethereum skyrocketing, even touching five to possibly six thousand dollars in the short term. Now, what's also great about all this - is that i put in a google trend search just to see what the search volume was looking like so previously when ethereum was literally mooning may 2nd to may 8th. This was actually similar to the previous time when ethereum was having that crazy rally. Last year, everyone was foaming into it and right now we're nowhere close to the peak interest right now for where ethereum was so imagine.

If the interest right here on the part that we can't see of this graph, that we continue to move forward, we could definitely see a huge price correlation. I also put into google trends a comparison on the volume of nfts and you'll notice that nfts are continuing to lift off. So what i wanted to cover next is the question brian. Why did ethereum finally get that jump in price today? So this is because of a few reasons, as you guys know, nfts have been going absolutely insane in the market as well as d5 products and the use of ethereum's network.

So in order to gauge the use, there's many different metrics, but i actually like looking at the gas fees so in the last year, you'll notice that gas fees have had a huge amount of impact for anyone using the ethereum network. So, let's take a look at the levels here for the last month, you'll notice that in july 30th, gas fees were on average about 39.40 and it has been going up much much higher, even with the latest eip155 upgrade the ethereum average gas price is now at 121.47 - this is a change of 6.24 from yesterday now, on top of that, i have a chart here. That shows us the total monthly web visits to d5 platforms between april 2019 and june 2021 and you'll notice. This has been absolutely skyrocketing as well, so ethereum started to move in price today, because on a technical level, we've been seeing a ton of support, linear growth and finally prepping up all this volume for the breakout.

On top of that, we also had the eip-1559 upgrade where now the supply versus demand of ethereum is finally catching on, where the demand through nft and d5, products, which are clearly shown in those graphs, are catching up to the amount of ethereum. That is now still being burned. So, according to this, you can see that the total amount of ethereum burned is over 600 million dollars with that being said, you also have to realize that we are getting much more larger institutions putting their money into the space. So this is another graph here just to give us an indication of the last few quarters on shares of total transaction volume by transaction size for all cryptocurrency activity using on chain data, so you'll notice in quarter three of 2020.

Originally, professionals were the ones that were heavily investing into crypto now, as time progressed into the next quarter. We saw institutions, not large institutions, kind of matching up so you'll notice that large institutions are ramping up their investment sizes in the quarter, one of 2021. Finally, we've got large institutions matching up the demand of professionals, and then we have large institutions now that are transacting, more volume. So with this type of data, i then ask the question: well: where in d5 is the money going and how can i also ride the train, so i can profit off of all the large institutions trying to get in the space.

So if we go to d5 pulse, we can actually see that the total value locked in d5 right now is actually surpassing the peak that we experienced back in may, due to all the volume that is going into these cryptos and projects now you'll notice that the First cryptocurrency that comes up here is going to be ave, so i've been super bullish on ave, even since they hit its previous all-time high of over 600. What's really cool is there was a lot of talk about this, but it seems like there's not much attention but ave actually rebranded a platform for institutional investors from ave pro to ave arc. The platform whose goal is to offer institutional investors the d5 protocols they otherwise can't access due to stringent regulations, is estimated to launch weeks from now now. Further on in this article, it states just some additional more facts about ave and the current situation, so it states defy lending and borrowing protocols like ave use, smart contracts to eliminate the role of intermediaries, like banks, ave lets its users post a wide variety of assets.

As collateral and borrow other crypto assets against them, ave remain solvent by liquidating the borrower's loan if their collateral value goes below a specified loan to value ratio. Ave ceo stani kolechov, said its new platform would create new lending and borrowing pools exclusive to institutional investors, who have passed certain kyc procedures so based on the data that we were able to consume just now. Clearly, institutional demand is going up. They want to put more money in this, but where can they do it? Well, it looks like avi is setting up the platform in order for them to have easier accessibility to this now, although ave has a fairly large market cap of over 5.4 billion dollars right now, i do believe that there is a strong opportunity for this crypto to Continue climbing higher now recently i entered additional positions into avid that i made an alert in our discord for our inner circle members.

I had an average cost of 356 dollars, and now i am up 3566 or up 14.29 on this investment that i made just less than a week ago. I believe, based on the data that we're seeing and even some of the previous all-time highs, that we've experienced in the market, there is definitely a lot of potential for a cryptocurrency like this to continue moving higher. Now, with all that being said, avi is up nearly 80 000 just in the last year. Think about the significance of that statement, an investment where, if you put in a thousand dollars it would have made you 80 grand just a year ago.

Now, although there is more runway with a project like this, i do see a lot more potential and i know you guys are hungry for what those could be. What that next crypto that could pull an ave on us go up over 80 000. So in this video i wanted to focus a little bit more on that, so the issues that we are experiencing right now in today's market is with ethereum's gas fees and the amount of volume going in there, and that is why it's brewing up another season within All coin season called the ethereum killer season. I know it's like a whole bunch of lingo, and hopefully you guys can follow along here with me.

So, under the ethereum killer, umbrella, ethereum killer just refers to other all coins that can do a better job than what ethereum has been doing now. This is the reason why we've been seeing cardona doing well. This is the reason why we are seeing solana doing well. Now there are a few very important dates.

You also have to keep in mind. This is going to be a very value, packed video, so pay attention here. September 12th cardano is getting the alonzo upgrade, so this is going to be some additional improvements made via smart contracts to make them more accessible for other projects, to continue laying down additional foundations for more apps and projects to be built on now, the resistance level for Cardano has been clear, it seems to have been holding about two dollars and eighty cents unable to break past three dollars, but i believe once we roll into the september 12th date, we could see cardano absolutely smashing three dollars, maybe hitting three dollars fifty cents. I would probably shoot for another price target of around three dollars: 25 to three dollars and 35 cents, just to be more on the conservative side, but right now, even with this type of cryptocurrency, because they have a lot of road maps laid out and because people Are getting sick of ethereum fees and ethereum 2.0 seems to be taking a lot more time, keep in mind another crucial date: ethereum 2.0, which is unrelated to the eip1559 upgrade, which is just a single part to the entire ethereum upgrade, is still rolling out.

So, what's really exciting about crypto is that you have these dates. You have different upgrades that are coming up and right now, more and more demand is going into it. So i have been stuck on whether or not i wanted to put more money into safer indexes. The smp, but i keep going back into crypto and i keep building my positions because we have many more exciting events lined up.

That is just proving to be a much higher roi. Even during this time now i know volatility of crypto can be tough. I know most people who experience even the last pullback may not have a good taste in it, but that is seriously where the opportunities were made and when i saw ethereum hit seventeen hundred dollars, bitcoin sliding below thirty thousand dollars. I knew those were the buying opportunities, because if we did see an increase in price, that would just be additional money in my pocket right there now.

Another cryptocurrency that has been moving in a very similar fashion has been solana now in the category of ethereum killers. I want to make sure you guys have this on your watch list or your notes. So this is going to be cardano. Then solana we even have eos.

We have polka dot, we have tara, tron and avalanche. All of these blockchains possess identical capabilities to the ethereum blockchain, but they also improve on that aspect, whether it's lower transaction fees, faster processes. If you want to focus on maximizing the amount of returns you can make in a market like this, here is how i've set up my charts. Pretty much bitcoin is going to be the most conservative.

It's going to be the least amount of rewards compared to what i have next on the list. I would then place ethereum and then over ethereum in terms of potential rewards, it's going to be the d5, the ethereum killers and other all coins on the market. Now, the more riskier you want to get the higher you can extend that reward, but i also want to make sure you guys know that you don't want to get overboard because last year we had all those meme coins, the shiva killer, the doge killer, the elon Musk coin uh we had so much crap and let's take a look as an example for shiba inu right in the last one year. What have they done? They mooned absolutely like crazy one day getting all those influencers like the kardashians and the youtubers and the phase clan members to promote these all coins and then all of a sudden it dumped alongside most of them, and they have continued to stay flat.

While fundamentally sound projects and all these cryptocurrencies that we've been talking about on our channel, go watch, my top crypto picks videos. If you don't believe me from about five six months ago, nearly all of those cryptocurrencies are in the green right now compared to any of the risks that you could have took now. One last thing: we do need to talk a little bit about nfts and some of the options that you have now, if you are still very reluctant to get into nfts, because if you've been a follower of my channel too, i know you all can screen record Me saying multiple times, just get ready for the q4 liftoff of nfts, even back a few months ago, before we've had this other second boom this year in the market. There are other ways where you can invest into indexes, instead of buying and selling different nfts.

Right now, another alternative here that we've talked about before on our channel is the nft index, also known as nfti, and check out the rewards on this so nfti back when they came out march 24th. They opened at around 500 to 400, and ever since nft markets started to pick up, it had one last little pullback before it started to really moon and right. Now it's at fifteen hundred dollars. Now i hate buying in at all-time highs.

You guys know that, but unless you think the nft market is going to collapse tomorrow or a week from now, i can definitely see nfti the index for these nfts to continue moving up in this index. It includes eight tokens. It's going to be polygon engine decentralized, sand, axia, infiniti, ave, gachi, wearable and meme. Now, just as fun as these green days are make sure you guys are ready for any of those red days too, because those are going to be the major buying opportunities for fire sales.

If we still have the projection of bitcoin, hitting at least 75 000 ethereum mooning past five to ten thousand dollars and much much more now, i hope you guys were able to find some type of value in this video if you guys did enjoy it. Don't forget to comment down below the secret end phrase for this video. It's gon na be fire comment that down below or throw the fire emoji, whichever one works for you, like always, don't forget to check out the links down below in the description. If you're building up your crypto portfolio check out blockfy, where you can earn additional interest on your cryptocurrency and you'll get a free reward in bitcoin.

Just by using my link down below check out weibull, where you can trade, both stocks and crypto, and have access to an amazing desktop as well that i frankly use quite a bit. You'll also be able to pick up two free stocks, one potentially valued up to. Eighteen hundred fifty dollars after you deposit a hundred dollars using my link down below and if you don't have a vpn you're, not protecting yourself. I don't know what else to say: go ahead and pick up a vpn i've partnered up with surfshark.

In order to give you guys, 83 off in three months, free and then a 30 day free trial as well for anyone who wants to check it out. Thank you all so much again for watching this. Video follow me over on instagram credit brian. When you follow me, a bunch of scammers and fake instagram accounts are gon na.

Follow you back impersonating me watch out for them they're gon na dm you like. Ah this is my second account. I don't have a second account. That's my main account.

Don't get scammed by anyone out here! Please watch out for them. Love y'all, see y'all in the next video.