PLUS: 3 things to need to keep your eyes on in April... April 01, 2024 | [Read Online]( [fb]( [tw]( [in]( [email](mailto:?subject=Post%20from%20Milk%20Road&body=%F0%9F%A5%9B%20Crypto%20has%20a%20new%20Layer%203%20%F0%9F%91%80%3A%20PLUS%3A%203%20things%20to%20need%20to%20keep%20your%20eyes%20on%20in%20April...%0A%0Ahttps%3A%2F%2Fthemilkroad.beehiiv.com%2Fp%2Fcrypto-new-layer-3) GM. This is Milk Road, where we keep you ahead in the crypto game. No fancy jargon. Just straight talk and solid advice. Hereâs what we got for ya today: - Say hello to cryptoâs new Layer 3 ð - 3 things to keep your eyes on this month ð - How a student turned a âstupid ideaâ â> a million-dollar NFT project ðª
[Prices as of 12:00 PM ET. Click here for our Fear & Greed Index]( SAY HELLO TO CRYPTOâS NEW LAYER 3 ð Crypto investors are like 4th graders â every few weeks, they have a new crush. The newest crush: [Degen Chain](. - Itâs a new âultra low costâ Layer-3 blockchain (L3) that launched last week. - It was built using Arbitrum Orbit and launched on Base. - The goal? Make transactions cheaper. - It was âbuilt for the communityâ and lets developers experiment with new features like community rewards, payments, tipping, gaming, and more. - There are currently no stablecoins so $DEGEN tokens are used to pay for gas fees. Itâs still in its early days, and people are still trying to figure out wtf an L3 is... (no one knows what it means but itâs provocative, it gets the people going) â¦but that hasnât stopped Degen Chain from putting up big numbers since launching.Â
[Source: @0xShual]( Milk Road Take: Crypto gets a new âshiny toyâ every few weeksâ¦Â right now, itâs Degen Chain. And whenever a new toy comes out, itâs always a good idea to try it out. Itâs like hearing a party next door, and youâre just sitting in your house playing Uno. Put the cards down and go check out the party! P.S. - Check out this [Degen Chain guide]( if you wanna get started. 3 THINGS TO KEEP YOUR EYES ON THIS MONTH ð Itâs April! Which means two things⦠1/ The weather becomes as unpredictable as the crypto market. - At 9 AM, youâll be in shorts and a T-shirt... - By noon, youâll need an umbrella and a boat to get through the torrential downpour. 2/ BTC and ETH usually see positive monthly returns in April. - [BTCâs]( average monthly return: +14.03%. - [ETHâs]( average monthly return: +23.97%. (Fun fact: On average, April is ETHâs second-best performing month out of the year)
[Source: CoinGlass]( And this April is set to be a BIG month. Here's whatâs on deck⦠1/ The Bitcoin Halving This is a [recurring event]( that happens roughly every 4 years and cuts the amount of newly issued BTC in half. It also usually leads to a big crypto rally. Just check out what happened during the last 3 halvings:
[Source: Milk Road]( The next one is supposed to happen later this month, on 4/20. (how poetic) 2/ Airdrops Several crypto projects are set to [airdrop]( billions of dollars in tokens throughout the month, including⦠- Wormhole - Kamino Finance - Parcl So what? Big airdrops usually lead to â> a boost in liquidity, which usually leads to â> crypto rallies. You can check out the rest of this monthâs airdrops [here](. 3/ Token Unlocks Over $1.3B in crypto tokens is set to be [unlocked]( later this month⦠- dYdX ($DYDX) will unlock 33.3M tokens, worth ~$110M, on April 1. - Aptos ($APT) will unlock 24.8M tokens, worth ~$400M, on April 12. - Arbitrum ($ARB) will unlock 92.6M tokens, worth ~$150M, on April 16. P.S. â if youâre curious how unlocks affect prices, we got you covered [here](. P.P.S. â if you wanna know what else is happening in April, check out the crypto calendar below!
[Source: @layyerggofficial]( THE ULTIMATE BULL MARKET GUIDE ð¥ The Milk Man's a fan of the snooze button, hitting it 15 times every morning without fail. This weekend, though, he didnât just snooze his alarm, but also the [33% discount on Milk Road PRO](âwhich is now available until Wednesday. Get familiar with Milk Road PRO by reading this weekendâs first-ever report: [Can Bitcoin Outperform Altcoins This Cycle?]( PLUS: If youâre ready to dive headfirst into the archive, then explore the Ultimate Bull Market Guide, a series of past reports highlighting portfolio fundamentals, crypto business models, macroeconomic overviews, tokenomic deep dives, and much more⦠[EXPLORE THE ULTIMATE BULL MARKET GUIDE]( P.S. - The [33% discount on Milk Road PRO]( wraps up on Wednesday. Don't hit snooze on this like the Milk Man with his morning alarm, or youâll miss out. BITE-SIZED COOKIES FOR THE ROAD ðª [Storytime: How an Indonesian student turned his âstupidest ideaâ into an NFT and made millions](. Meet Sultan Gustaf Al Ghozali - the kid who took a selfie every day, for 6 years straight, and then turned it into an NFT collection. âDL News [Grayscale is launching a proof-of-stake investment fund for millionaires](. The new fund ($GDIF) is for accredited investors, with a net worth of at least $2.2M, and will manage the staking/unstaking of multiple tokens and pass on rewards to its investors. [Crypto investments just hit an 18-month high](. Blockchain and crypto companies raised $1.4B last month, the highest monthly level since September 2022. [FTXâs bankruptcy estate plans to begin repaying creditors by the end of this year](. Creditors have until May 15 to choose one of the two bankruptcy processes and submit a claim. [This hedge fund manager predicts BTC will hit $150,000 later this year](. Mark Yusko (CEO of Morgan Creek Capital Management) believes BTC will go âparabolicâ in the months after the Halving. [A dormant Bitcoin wallet is back in action after ~12 years](. The wallet bought 500 BTC back in July 2012, when 1 BTC = $7.57. Today⦠itâs worth about $35M. MILKY MEMES ð¤£
[Source: MinisterOfNFTs](
[Source: @0xgaut](
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