🥛 These 3 crypto sectors are on FIRE 🔥
GM. This is Milk Road, we give you crypto insights like you were sitting in the best seats at the movies – it’s the perfect view of all the action.
Here’s what we got for you today:
Crypto’s best-performing narratives 👀
The Milk Road PRO discount vanishes tonight ⌛
It’s comeback season for crypto fundraising 📊
Uncle Sam’s BTC is on the move 🍪
Prices as of 12:30 PM ET. Click here for our Fear & Greed Index
CRYPTO’S BEST PERFORMING NARRATIVES 👀
New crypto narratives pop up faster than items in my wife’s Amazon cart. And just when you think you’ve seen it all… a new package arrives.
Layer 3’s. Memecoins. Real World Assets. They’ve all had their time to shine.
Well, check it out… CoinGecko just dropped a report on what the best-performing narratives of the year have been so far. (As of March 31)
Source: CoinGecko
1st place: Memecoins. And it wasn’t even close…
On average, the top 10 memecoins saw +1,312% gains in Q1.
The craziest part? 3 of the top 10 best performing memecoins are less than a month old. $BRETT, $BOME, and $MEW all launched in March.
Memecoins were 4.6x more profitable than the next best-performing crypto narrative…
2nd place: Real World Asset (RWA) tokens.
On average, the top 10 RWA tokens saw +286% gains in Q1.
Only 1 of those tokens had negative returns. $XDC saw a 15.6% decline.
RWA’s were briefly the most profitable narrative in early February but were overtaken by the memecoin mania in March.
3rd place: A.I. tokens.
On average, the top 10 A.I. tokens saw +222% gains in Q1.
The top tokens were all in the green.
Even the lowest gainer, ($TRAC), returned +74.9%.
Btw, you can check out the rest of the rankings here.
TICK TOCK: THE PRO DISCOUNT VANISHES TONIGHT ⌛
If putting things off was an Olympic event, you’d overtake Michael Phelps in gold medals.
Luckily, the Milk Man’s here to remind you that the 33% discount to Milk Road PRO is about to pull a Houdini on you—it’ll be completely gone by the end of the day (11:59 PM EST) and this is your last chance to upgrade at the best price.
No last-minute DMs to the Milk Man if you miss out! He’s about to ghost you harder than your high school crush.
Here are the Milk Road PRO benefits you’re about to miss out on:
1/ Weekly reports that help you understand tokenomics and business models to cut through the noise, identify and leverage emerging trends early, and navigate the markets with comprehensive insights to invest successfully in crypto.
The first PRO report was released on Saturday and the feedback’s been as nice as finding an extra fry at the bottom of your takeout bag.
2/ Weekly “Where Are We In The Cycle?” indicators—we combine 5 indicators to assess where we’re at in the cycle in order to predict the bull market top.
This isn’t your crystal ball. However, these indicators have been hugely successful in the past. They also cost $1,000+/month to get access to.
These are added inside the free newsletter (for PRO eyes only) every Tuesday. Here’s the feedback we received yesterday.
3/ Full access to the Milk Road PRO community where we discuss and share news, market analysis, degen trading, airdrop farming, and more so every PRO member can learn from each other.
PLUS: Get first dibs on the Milk Road PRO crew’s freshest, most milky insights and research. 🔥
Now, if you’re looking to start investing successfully in crypto, then Milk Road PRO is ready to offer the research and analysis you need to succeed.
Best part? You have a last chance to join us using a 33% lifetime discount—the offer expires at 11:59 PM EST tonight!
P.S. – By upgrading to Milk Road PRO now, you lock in this 33% discount for life.
P.P.S. – Once the clock hits midnight (EST), the 33% discount will be gone—no second chances.
IT’S COMEBACK SEASON FOR CRYPTO FUNDRAISING 📊
Source: Rootdata
Check it out. Crypto fundraising is on the rise again!
Last month…
Crypto projects raised $1.16B. That’s a 52.5% increase from February and the largest monthly total since November 2023.
There were 180 publicly announced investments. The highest monthly total since April 2022.
“Infrastructure projects” saw the most funding ($283M). DeFi, CeFi, Gaming, and NFT projects rounded out the rest of the Top 5 most funded sectors.
More than half of the investments in March were between $1M – $5M. Another 10% of deals saw $20M+ in investments.
And it looks like the Fundraising Fiesta is just beginning, folks…
Yesterday, Bloomberg reported that Paradigm is in talks to raise a $750M+ fund. If successful, it would be the biggest crypto fundraiser since 2022.
BITE-SIZED COOKIES FOR THE ROAD 🍪
The U.S. government reportedly transferred 30,175 BTC (worth $2B) to Coinbase. The massive movement of BTC has raised eyebrows as it represents a significant portion of the coins seized by the U.S. government in late 2022 in connection with the infamous Silk Road.
BNB Chain is kicking off a “Meme Innovation Battle”. Up to $1M in rewards is being offered up to developers who create memecoins, on the BNB Chain, that reach certain trading milestones.
Monthly trading volume on crypto exchanges doubled in March. It almost reached $2.5T for the first time since November 2021. Close, but no cigar.
Wormhole opened up airdrop claims today. About 400,000 wallets will be eligible to claim a total of 678M ‘W’ tokens.
Spot BTC ETF monthly trading volume tripled in March. March’s volume hit $111B vs. February’s total of $42B.
Ethena Labs launched its new governance token, $ENA. The company also airdropped 5% of the total $ENA supply to all USDe and sUSDe holders.
MILKY MEMES 🤣
Source: @naiivememe
Source: @TheBTCTherapist
Source: @MinisterOfNFTs
RATE TODAY’S EDITION
ROADER REVIEW OF THE DAY
VITALIK PIC OF THE DAY
showing my family my new memecoins…
— Milk Road Images (@MilkRoadImages)
Apr 3, 2024
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
