Today’s edition is brought to you by Trezor — the original hardware wallet that keeps your crypto safe and your mind at ease.
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GM. This is Milk Road, the newsletter that hands out insights like they’re stimulus checks, circa 2021.
Here’s what we got for you today:
- ✍️ Retail is officially back!
- ✍️ What to look out for this week
- 🎙️ The Milk Road Show: Is Solana Still Undervalued Compared to Ethereum? w/ Michael Nadeau
- 🍪 We’re on the hunt for a Crypto Researcher and Analyst for Milk Road PRO – apply here!
Prices as of 2:00PM ET. Click here for our Fear & Greed Index
RETAIL IS OFFICIALLY BACK 🤝
Idk man.
The 2021-era crypto markets were pretty wild.
Everyone was locked inside, spending their stimmy checks on memecoins and jpegs…
*pump.fun kicks door down*
“Hold. My. Beer.” 👇
Sh*t is getting real unhinged, real fast in the memecoin world right now (so much so that pump.fun just closed down its livestream feature) – and this isn’t just anecdotal buzz – there’s real volume behind it. 👇
Solana just recorded its highest monthly decentralized exchange (DEX) volumes to date, pushing past $100B so far this month.
(That’s more than double what it did in October, and nearly double Ethereum mainnet's monthly DEX volume of $55B!).
So who’s responsible for all of this – the guy pretending to be a dog? The dude on the toilet? PETA’s latest target?
Nope. It’s this chill guy:
The chill guy meme blew up on TikTok recently – and as is only natural, someone created a memecoin around it ($CHILLGUY).
Since its launch ten days ago, $CHILLGUY has:
1/ Become the fastest token to reach 100k+ wallets
2/ Reached a $500M+ market cap
3/ Turned sub $1,000 investments into multi-million dollar holdings
4/ Pushed the Phantom wallet to the #1 spot in the App Store
The takeaway: Retail is here, and this time it’s not Twitter, but TikTok that is leading the charge.
P.S. This is likely the first of many retail driven pumps we can expect to see over the coming months!
Want to learn how to navigate them? Get 50% off our Crypto Investing Masterclass between now and Thursday!
SECURE YOUR CRYPTO, SECURE YOUR SAVINGS
It’s that time of year again. Black Friday madness.
But before you dive in for yet another smart toaster you’ll never use, let’s talk about making real smart moves for your future.
Trezor – the OG open-source hardware wallet since 2014 – is dropping up to 50% off. Yep, that’s half-off on top-tier security and total peace of mind.
Your keys, your coins, no third-party nonsense.
Want to know how much you could’ve saved if you’d bought Bitcoin on previous Black Fridays?
Their Black Friday Calculator has the receipts (spoiler: it’s a lot).
This is your chance to save big. Don’t miss the biggest discounts of the year.
Secure Your Wallet – Save Up to 50% Now!
WHAT TO LOOK OUT FOR THIS WEEK 📅
If you took the week’s upcoming events, got in a light aircraft, climbed until the altimeter said you had a 1000ft view of everything below you…
This is what you’d see when you looked down:
1/ Macro 📊
- CB Consumer Confidence data - Tuesday - a vibe check with consumers (the greater their confidence, the more likely they are to spend)
- FOMC Meeting Minutes - Tuesday - what did the folks at the Federal Reserve talk about when they met earlier this month? (Any insights on future rate cuts?)
- October PCE Inflation data - Wednesday - how much has the ‘stuff’ we consume in our everyday lives gone up or down in price?
- Thanksgiving pump? - Thursday/Friday - markets are up, and American crypto holders are about to be peppered with requests for investment tips by their extended families over Thanksgiving dinner…will this result in a market pump?
2/ Earnings Season 💣
There’s not much going on in terms of earnings this week, but one report that we’re keeping a side-eye on is Dell.
Dell’s founder (Michael Dell) is known to be ‘Bitcoin-curious’ and recently sold $1.2B worth of Dell stock, sparking rumors that he might be putting it into $BTC.
Because of this, we’re keeping an eye on the company’s reporting, just in case they decided to ape into Bitcoin.
3/ Token unlocks 🔓
$SUI holders beware, there’s $231M being unlocked this week, and with it comes the potential for a wave of sell pressure. 👇
4/ PRO AMA 🗣️
We’re back with another PRO-only AMA this Wednesday, November 27th, inside the Milk Road PRO Discord (meetup channel). Our NOPs (Nerds On Payroll) will be covering:
- How to plan a profit-taking strategy for this bull run
- Will institutional sell-offs impact crypto prices?
- Is it too late to buy SOL or other big caps?
- Are alts lagging behind BTC this time around?
- Is AI still a good bet in the crypto market?
Alright, that’s everything we’ve got for you today!
See you back on the Road this time tomorrow 🫡
SHOULD SOLANA BE TRADING AT A 70% DISCOUNT TO ETHEREUM? 🤔
Solana comfortably outpaces Ethereum in daily active wallets and DEX volumes…
So why does $SOL trade at a 70% discount to $ETH? (Shouldn’t more use = greater value?)
On today’s episode of The Milk Road Show, we’re joined by Michael Nadeau, Founder of The DeFi Report, a leading newsletter in the crypto industry.
Michael recently dropped a killer report on Solana's valuation vs. Ethereum’s – which makes him the perfect person to help us answer the question posed above.
In this episode, we cover:
- Has the ETH/BTC or BTC dominance bottomed?
- What's driving the narrative behind Solana's growth?
- What upcoming catalysts can we expect to wake up Ethereum this cycle?
Check it out below! 👇
YouTube | Spotify | Apple Podcasts
BITE-SIZED COOKIES FOR THE ROAD 🍪
Decentraland’s desktop version is now live. Complete rebuild, smoother performance and exciting new features - Decentraland is now a whole new experience.*
Largest $BTC purchase in history (again). Saylor is a freak who now owns 386,700 $BTC. 386700? Sounds more like a postal code. - DL News
Largest weekly inflows into Bitcoin ETFs (again). We called Saylor a freak above but Blackrock and its buddies are no less. But hey, we aren’t complaining. More $BTC purchases = bags go brr.
We’re currently growing our team and are on the hunt for a Crypto Researcher and Analyst for Milk Road PRO. Think you’ve got what it takes? Click above to read the job description and apply.
You can now buy your Bitkey wallet directly from Amazon. Not sure what to gift your family this Thanksgiving? With $BTC on the rise, Bitkey’s hardware wallet might just be the perfect choice.* *this is sponsored content
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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.
