🥛 Crypto's trending tokens... 👀

PLUS: Bitcoin ETFs are seeing inflows again! 💰                                                                                                                                                                                                                                                                                                                                                                                                                 April 23, 2024 | [Read Online]( [fb]( [tw]( [in]( [email](mailto:?subject=Post%20from%20Milk%20Road&body=%F0%9F%A5%9B%20Crypto%27s%20trending%20tokens...%20%F0%9F%91%80%3A%20PLUS%3A%20Bitcoin%20ETFs%20are%20seeing%20inflows%20again%21%20%F0%9F%92%B0%0A%0Ahttps%3A%2F%2Fmilkroad.com%2Fdaily%2Fcryptos-trending-tokens) Today’s edition is brought to you by [Cross Finance]( – an innovative digital ecosystem that effortlessly blends banking and blockchain realms via its L1 blockchain, dApps, and payment card. [Dive into the revolution with us on CoinList's testnet!*]( GM. This is Milk Road, the daily newsletter that gives you the best of crypto in 5 minutes or less. Here’s what we’re serving up: - Crypto’s trending tokens… 🚨 - Bitcoin ETFs are seeing inflows again 💰 - BlackRock is on a 69-day streak 🤯 - The stablecoin supply just hit a multi-year high 📊 - These indicators will show you the bull market top 👀 - The NYSE is going crypto 🍪 [Prices as of 12:30 PM ET. Click here for our Fear & Greed Index]( 4 QUICK HITTERS FROM TWITTER It was a slower news day, so we won’t waste your time. Here’s what you missed over the last day: 1/ Crypto’s trending tokens over the last 24 hours are… According to Sentiments [‘Top Trending Tokens Dashboard’](, there are 2 tokens that have taken over social media recently… (If crypto had a popularity contest, these would be Mr. and Mrs. Homecoming) - Popcat: the Solana [memecoin]( has 3x’d its price since April 20. - AMP: trading volume for the digital collateral token is up +82% over the last day. Other trending tokens include… $TON, $CELO, $ARB, $SHIB, and $WOO. [Source: @santimentfeed]( 2/ Bitcoin ETFs are seeing inflows again… After 5 straight days of outflows, [Bitcoin ETFs]( have seen back-to-back days of inflows… (no wonder our researchers have been chest pumping all morning long) [Source: Farside Investors]( Why this matters: There’s been a correlation between BTC ETF flows and BTC’s price… - When there are inflows, [BTC’s price]( usually goes up. Since the BTC ETFs launched, they’ve seen $11.2B in total inflows. BTC’s price is up +43% in that time. - When there are outflows, BTC’s price usually goes down. For example, last week’s 5-day streak of outflows sent BTC to the clearance rack. (It dropped -8% at one point). **static noise** We interrupt your regularly scheduled programming to bring you a quick word from our sponsor… [PAYMENTS FROM NON-CUSTODIAL WALLETS MADE POSSIBLE]( The impossible has not been built yet — but that's what [CrossFi]( set out to do. CrossFi's L1 blockchain has a modular architecture built with Tendermint and Cosmos and can process payments at lightning-fast speeds. The two native coins, MPX and XFI, power all the blockchain's cutting-edge solutions and mining operations. Developers and users who bring new solutions, feedback, and dApps to CrossFi's Testnet can win $6M worth of MPX coins: its governance coin and tool for fee payment for using the cosmos-based services in CrossFi chain. [Join today]( to experience the future of decentralized payments, and follow CrossFi on [Discord]( and [Telegram]( for more updates! *Valuable Public Notice: testnet is not available in the US or Canada. More information about the testnet can be accessed by using a VPN or directly on the CrossFi website here: [Users]( & [Developers]( **static noise** And now back to your regularly scheduled programming… 3/ BlackRock’s Bitcoin ETF is on a 69-day streak In case you didn’t already know… BlackRock is the world’s largest asset manager. $9.1T in AUM. Well, check it out. The firm also has one of the most successful ETFs ever… Its Bitcoin ETF, $IBIT, is on a 69-day inflow streak. (giggity) [Source: @EricBalchunas]( $IBIT is only a few months old, but the rookie has made its way into the top 10 daily inflows streak ever. firm handshakes all around 4/ The stablecoin supply just hit its highest level in ~2 years For the first time since June 2022, the total supply of [stablecoins]( has crossed $165B. [Source: The Block]( Why this matters: This could mean that investors are getting prepared to make more moves in crypto soon. Think of it like a casino – to play the games, you need to trade in your cash for casino chips.  The more chips you have, the more games you can play (and the more money you’re likely to spend). Well, stablecoins are like the casino chips of crypto. More stablecoin supply = more money people are likely to spend playing in crypto. PRO “WHERE ARE WE IN THE CYCLE?” INDICATORS 📊 Crypto moves in cycles, and knowing where we are in the current cycle is crucial for capturing the best opportunities. The goal is to spot the bull market peak before the inevitable bear market hits your bags hard. Since timing the top perfectly is almost impossible, we use various indicators to give us a better shot at taking profits before it's too late. Here are the 5 indicators we track, with a color-coded system to show how close they are to signaling the market peak: 🟢 Plenty of room to run 🏄 🟡 Getting closer to the top signal, but haven’t yet reached the mark ⚠️ 🔴 We’ve hit the market top indicator 🚨 Every Tuesday, we update these 5 indicators exclusively for PRO members. Our advice? Don't wait for all of them to hit 🔴. It's better to take profits as they get closer to that point. Let's dive in and see if we're anywhere near the top of this bull market. 👇 GO PRO AND UNLOCK: - Full access to the 5 bull market peak indicators above. 👆 - Our weekly reports that help you invest successfully in crypto. 💰 - Full access to the Milk Road PRO community. 🫂 [GO PRO TODAY]( PRO REVIEW OF THE WEEK BITE-SIZED COOKIES FOR THE ROAD 🍪 [The Gamium platform is now officially open, in invite-only Beta.]( Gamium is a social-meets-web3 protocol that enables you to invest in public social media profiles, where anyone can launch MSTs for users on or off the platform, democratizing the trade of social influence. [The New York Stock Exchange (NYSE) is contemplating switching to 24/7 trading](. According to the Financial Times, the NYSE’s team put out a survey asking stakeholders about whether round-the-clock trading should occur on weekends as well as the five-day week. [The governance token of Safe Protocol ($SAFE) is now transferable](. According to Coingecko data, the Safe's fully diluted valuation (FDV) stands at over $2.8 billion. [The total value locked (TVL) on EigenLayer has crossed $15B](. Business is boomin’ for the staking protocol since it lifted its cap recently. [Wanna team up with the Milk Man?]( We currently have 6 positions open (2 new ones) – check ‘em out and [apply here](! [PayPal and EnergyWeb are teaming up to launch a new incentive program for Bitcoin miners who ‘go green’](. PayPal's proposed solution will distribute BTC to “green” Bitcoin miners, or individuals who use low-carbon energy sources in their mining operations. [Ledger Live will begin offering new crypto ‘instant-buy’ and ‘swap services’ through MoonPay](. As part of the partnership, the companies are also collaborating on educational content for cryptocurrency traders. [Magic Eden launched the beta version of its new platform to trade Bitcoin Runes](. Users will be able to swap for BTC and buy Runes and Ordinals with a Magic Eden wallet. MILKY MEMES 🤣 [Source @AltcoinGordon]( [Source: @naiivememe]( RATE TODAY’S EDITION What'd you think of today's edition? [🥛🥛🥛🥛🥛 F**king great]( [🥛🥛🥛 Meh, do better]( [🥛 You didn't bring the heat]( ROADER REVIEW OF THE DAY VITALIK PIC OF THE DAY [tw profile: Milk Road Images] Milk Road Images @MilkRoadImages [tw] Apr 23, 2024 0 Likes 0 Retweets 0 Replies 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. [tw]( [ig]( [yt]( [tk]( [in]( Interested in reaching smart readers like you?  [Sponsor Milk Road]( Update your email preferences or unsubscribe [here]( © 2024 ImpactDM Inc. operating as Milk Road 1257 Dundas St W Toronto, Ontario M6J1X6, Canada