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Today’s edition is brought to you by Trezor — the original hardware wallet that keeps your crypto safe and your mind at ease. |
Trezor’s devices are now up to 50% off 🤯 |
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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! |
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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.” 👇 |
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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 $55B!). |
So who’s responsible for all of this – the guy pretending to be a dog? The dude on the toilet? PETA’s latest target? |
Nope. It’s this chill guy: |
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The chill guy meme blew up on TikTok recently – and as is only natural, someone created a memecoin around it ($CHILLGUY). |
Since its launch ten days ago, $CHILLGUY has: |
1/ Become the fastest token to reach 100k+ wallets |
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2/ Reached a $500M+ market cap |
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3/ Turned sub $1,000 investments into multi-million dollar holdings |
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4/ Pushed the Phantom wallet to the #1 spot in the App Store |
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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! |
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| | | 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! |
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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 💣 |
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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. 👇 |
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4/ PRO AMA 🗣️ |
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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 🫡 |
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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! 👇 |
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YouTube | Spotify | Apple Podcasts |
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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. |
