 Welcome to Digital Asset News. Take a top stories in cryptocurrency digital assets, and bring them out of bite-sized pieces. Today, what I really want to talk to you about, and really the only thing that is as far as major, are fees. And fees are outrageous, and I want to show you a graphic from Masari, which goes over the different fees for all the different top crypto and digital asset projects, and how that relates to what we would consider massive fees, and the network effect, and how it all kind of ties in together. So we'll take a look at what's going on in just that specific aspect, but I want to go over a couple of things, first of all. First, this week, I'll be doing a deep dive into Avalanche. I've been getting a lot of requests for that. And when I talk about on this channel, Invest in People, if you are talking about a good team, look at this team. This is amazing. And I'll be doing a deep dive for that a little bit later. Also, all these deep dives and different projects that we do, we're not going to put them on digital asset news anymore. It's going to go over to Dan Clips. And the reason is because digital asset news is just for news and a little bit of trading, just like the basics of basic stuff. But when we talk to really go deep into things like World Mobile Token and Ask, and of course, Avalanche, I really want to do that on a separate channel so people who are a little bit more advanced can find this out and go from there. And I'll let everybody know when I drop these videos and do these things. But I just want to make sure that it's separate so I don't overload people, especially for people who are new. If you're new, you're in the right place. And then also today, I'm going to talk about a little bit of trading. We're going to do Trinity Trading, which is if you're new, this is the easiest way possibly to do any type of trading. I'm not a big trader, but we're going to use a little bit of technical, a little bit of sentiment, and a little bit of fundamentals to find a top pick. And we'll be doing that live at 1230 Mountain Time, 130 Central and 230 Eastern. So that is already in the schedule. So check that out, I'll link at the very end as well. But you should get a notification if you're subscribed to Digital Asset News. All right, so let's take a look at what the heck is going on in the market. So first of all, let me back up real quick. So the spotlight itself, we've got a total market cap of 2.4 trillion, fantastic, everything's good. We had a bit of a dip yesterday and people were losing their minds, and I didn't get it. I'm just like, it's like 10%, 16%, who cares? And this is one of the greatest assets of our aspects of being just an investor. I don't really care about the dips. I just, I don't really see the little point. People get worked up and they start to talk about, well, this is why it dipped and this is what happened and I'm like, I don't care why it happened. I don't know, unless someone comes to me and says, you know what, Peter, I'm gonna say his name. A gold bug came out and said that he is Satoshi Nakamoto and there's proof, I'd probably pay attention to that. Other than that, I just don't care because I know where things are going in the future. I'm not here for a quick, 18% gain in something. I'm here for years and years and years and so whatever. Anyhow, so this is what we got as far as like Bitcoin. Bitcoin's doing good at $56,000. Ethereum is at up above $4,000. No idea why we're gonna see what's going on with that. Binance going, dogecoin, $0.49 and so on and so forth. We're using trade the chain, which will dive into the sentiment analysis. If you're a trader, you just click on this projected range and just take a look at what's potentially gonna be up in the next hour or so. So 5% with 90% accuracy. Look at these, EOS, Omisego, Horizon, YERN, Velas Vias, Aion. So take a look at that. All right, that's fantastic. Let's take a look at what's going on in today. So the fees. Before we get into this, let me just show you something. If you're wondering about fees and using Uniswap and essentialize exchange, all that good stuff. So we go to like Uniswap, you know Uniswap version three is out, hey, great. So when you click on that and try to do any kind of swapping, usually it's gonna say this, no liquidity, so sad, too bad. And then you gotta, you know, click the trade with V2. And what I'm gonna do is I'm just gonna, this is zero XMR for ETH, and I'm gonna swap anyway. And I'm gonna confirm the swap and whatever. And then what's gonna come up, I'll link this a little bit. The gas fee is $187. Let me take a screenshot of this because you can't see it right here, but I will put it in post. The gas fees are $187. So you're gonna, it's for $800, 0.2 ETH, and $187, you're gonna spend almost a thousand bucks. I mean, total. So I'm gonna reject that. That's probably a good idea. And that's what's going on with fees. And everybody's like, well, who cares? Because the theorem's gonna be fantastic. Maybe so, I don't know. But we take a look over here, and then when we take a look at the fees itself, let me blow this up so you can see exactly what I am talking about. So this website was actually shared to me from eight to eight. And if you don't follow eight to eight, this guy loves Cardano. If you couldn't tell. And he's a smart guy, or gal, I don't know who he is, or them, I have no idea. And he shared this and he talks about, hey, Cardano moved 9.7 billion in transaction volume last 24 hours. ETH moved 24 billion. Here's the fees. ETH charged at 8 million, ETH to charge 18,000. And I was like, hmm, so I took a look at this nice little website, which I will link in the description below. And we can see that Ethereum is the top one here. Here's the price, change, market cap, real volume, smart contract volume, transaction volume, 32 billion. Adjust the volume 24. Active address, and fees, $88 million in fees. So, hey, if you're collecting fees, good for you. Dogecoin 96, Bitcoin Cash, Bitcoin, even Bitcoin is at 5.7, and we're at massively all-time highs. And here's Cardano, 18,000. 18,000 dollars. And they had $9 billion in volume. So if you're looking at, so they had a third, but it was only 18,000 bucks. And then you can take a look at Litecoin and do all the things. And you can compare it, it should go right ahead. XRP 21,000 for 2 billion. That's kind of weird. Zcash, Verge, and then DigiBuy. Look at DigiBuy, $12 million, $5.6, wow. So that is essentially what's going on. It makes you think about fees. It makes you think real hard about fees, honestly. And really what it all comes down to, as far as like, well, how much is gonna cost us? What's gonna happen? How is it all gonna take effect? Well, first of all, some people will say, well, you can't really compare that because Cardano has no smart contracts. That's very true. And people will say, well, Cardano is just vaporware, and all these different ones are vaporware because they don't do anything. And Ethereum does. But really if you think about it, this is my thought. What does Ethereum really do as far as decentralized exchanges? I mean, yes, you can swap for another ERC-20 token. That's great, right? But I mean, what else are we really doing? Are we putting mortgages on as far as a smart contract? Can we buy and sell properties and put them on there like that? Are the smart contract functionality really gaining a foothold in real-world usage as far as like land and just like banking? Of course, you know, DeFi and things like that, sure. But we're still in its infancy, I think. And even though people will say, well, Cardano doesn't have this or DigiBy doesn't have that or whoever, whatever it is. Sure, we're all in price discovery mode and speculation. Let's just be honest. And is everything worth this type of market cap? No, I don't think so, absolutely not. But it just goes to show you that this is where we're at. So the question then becomes, what's gonna happen? Well, if you're looking for some great prospects, look no further than EIP 1559 for Ethereum, which is gonna be a green lit in July. Now, just to be clear, this was written on March 5th, so things may have changed a little bit. But just so you know, EIP 1559 will be packaged with the London fork coming in July. And this is how it works. Traditionally, a user sends a gas fee to a miner for its transaction, including the block, which we just saw, which I just got hosed 200 bucks for like an $800 transaction, 20% roughly, yeah, 25%. That gas fee will now be sent to the network itself as a sort of burn called base fee with only an optional tip paid to miners. So my question is this, if miners are making all that money, are they really gonna be like, this sounds fantastic, we'll take tips and then it'll go to the network and that'll be it. Well, let's see, I don't think they're gonna be too happy about it. Minority mining pool, flex pool launch and marketing campaign against the EIP, several monitor pools, minority pools joined followed by majority pools, Ethereum and Spark pool, over 60% of Ethereum's network hash power is now against the proposal, F2 pools largest pool in favor with some 10%. I know I read another article where Ethereum network is like, who cares? We don't really care and we're gonna move ahead and get in line or get out. So this all, July is going to be just straight fireworks because July, August is when this is gonna go into effect on top of with the Alonzo integration, you're going to have smart contracts on Cardano around the same time. So really, if you're gonna see, this is my thought, if you're gonna see any type of traction happen for Cardano, it's gonna be around that time. And if nobody moves over to Cardano when they have smart contracts, then I'm gonna pull a mic Novigratz and hang up my spurs because that will be it. I don't think you can really say too much about that, but I truly believe that it is going to happen. It's gonna happen right here with World Mobile Token and they're solving a problem for four billion people in a trillion dollar industry. World Mobile Token will be minted as a native asset on the Cardano blockchain. If you wanna watch that video, check it over on Dan Clips. There's a link in the description where it says follow Dan. There's three things. One is Twitter, any other one is Dan Clips. You can find it quite easily. So that is what's going on. And if you're not too really enthused about these fees and whatnot, you can always take a look at zero.exchange. I'll link it in the description. I'll have a link in the description right now. Zero.exchange, they use all these chains so you can find the cheapest aspect. Also, Avalanche, if you don't have any Avalanche, you can send over Tether or a little bit of that and they will give you a little bit of Avalanche to make transactions and buy more Avalanche to make it super cheap. And this is why I am doing that enormous dive into Avalanche because I think it could be pretty darn big as time goes on, but who knows? So that is it for today. There's just a couple of things more I'd like to make mention of and that is actually, no, it's not it's a day to finish it all up, excuse me. Fees and the network effect and people talk about this all day long. And even I talk about this with Voyager, how the network effect, Metcast Law, I mean, it'd be great, kumbaya, but in all honesty, you can lose a lot of market share real fast and things move so quickly in crypto and digital assets. Really what people want. And actually, I actually stole this from Kim.com because he was talking to Tone Vaze and Woo, whatever his name is, about Bitcoin versus Bitcoin Cash. And he goes, look, he goes, I had one of the largest internet websites and I can tell you what people want. They want things cheap, they want them fast, they just want better service. And he goes, if you're looking for transactions, Bitcoin ain't it and it's gonna be Bitcoin Cash and that's why he's building things on Bitcoin Cash. And then for me, I think about this. If there was another competitor which had smart contracts right now, Ethereum would be in the dust. It is what it is. And people talk about the network effect and everything else, well, here's Blockbuster and look what happened to them. People said, you know what, I'm tired of sick and tired of these damn fees. I'm returning it and I'm old enough to remember because I used to pay it to pay it. And they didn't rewind it while I'm when they had CDs, yeah, VHS even. So it would be a lot, it would be expensive. And then you had to actually get up out of your house. It was just awful, just horrible times, kids. And then on top of that, so that's just Blockbuster. And that was just, you know, a little bit of money. And then Netflix came around and Netflix was like, hey, don't have to do anything. Don't have to rewind anything. And guess what? It's only $9.99. Well, I'll do that all day long. And then that happened. And of course, if you take a look at network effect, what about MySpace? What happened to MySpace? MySpace was the hugest social media platform when everything came out. And it early days, the internet. Now look what we have. Facebook, Instagram, TikTok and everything else make it easier, faster, cheaper. I mean, you can't get much cheaper than Facebook where Facebook messed up is that it's super expensive in all the different data that they collect. And that's why they're losing market share. And then of course, the last one be banks. Why would you go to and use a bank when DeFi is going to take over? Why? And of course, right now Ethereum rules that roost but as we just see, faster, cheaper, easier, better. Who knows what it's gonna be? That's why I hedge my bet and I own both. Anyhow, so that's it for today. The last thing I will just say is this, is that I believe that there is going to be a bigger dip coming up. Remember that in the United States we used to pay taxes on April 15th. We got to push back a month, May 17th. Right now it is May 11th. So we got about six days or so. Expect a dip in that timeframe so you probably find some great deals. And if you're looking to do your taxes, I did a great video, well I did a pretty good video about crypto trader.tax. Users of Dan, they get 20% off, link in the description, and it shows you exactly how to do it. And again, from the time that I signed up to actually filled it out and got it to my CPA took me like 30 minutes. On top of that, if you don't want to pay tax at all think about a crypto IRA. This is I trust. I've been using those for now a year and some change. And I'm actually maxed out for this year. And if you don't like to pay taxes on your crypto why don't you just put it into a crypto or in my case a Roth IRA. I did a video, it's about 20 minutes or so long. And I explained the difference between an attritional, a SEP, a Roth IRA, how this all works. And now you can save a boatload of money. Oh, also in Q3 now you're going to be, not only will you have the assets that you put in there to be appreciate and you can take out tax free at a certain timeframe but also the rewards they give because I'm like a Cardano and like an Ethereum like a Polkadot which you can all put into your Roth IRA. The rewards are also tax free. So take a look at that and viewers of Dan they get the first month free and that is it for today. So look, if you liked that video or if you hated it you can put a thumbs up or thumbs down. I expect a lot of thumbs down especially from people who love Ethereum but it's not a knock, it just is what it is. And we'll see it all works out. Also consider subscribing and that's it for today. So thanks so much. Also don't forget that we'll be doing that trade the chain or Trinity trading in a couple of hours. So check us out, we picked one live winner. And our last winners were pretty darn good and we'll go over all the ones that we have picked over the last three months and how they've all done. Thanks so much for watching. Appreciate it. See you on the next one.