🥛 Is DePIN crypto's #1 draft pick? These numbers suggest they are... 🏈

PLUS: Crypto fire sale, ending soon? 🏷️                                                                                                                                                                                                                                                                                                                                                                                                                 August 21, 2024 | [Read Online]( 🥛 Is DePIN crypto's #1 draft pick? These numbers suggest they are... 🏈 PLUS: Crypto fire sale, ending soon? 🏷️ [fb]( [fb]( [fb]( [fb](mailto:?subject=Post%20from%20Milk%20Road&body=%F0%9F%A5%9B%20Is%20DePIN%20crypto%27s%20%231%20draft%20pick%3F%20These%20numbers%20suggest%20they%20are...%20%F0%9F%8F%88%3A%20PLUS%3A%20Crypto%20fire%20sale%2C%20ending%20soon%3F%20%F0%9F%8F%B7%EF%B8%8F%0A%0Ahttps%3A%2F%2Fthemilkroad.beehiiv.com%2Fp%2Fdepin-cryptos-1-draft-pick-numbers-suggest) Today's edition is brought to you by [Exponential.fi]( – the all-in-one DeFi investment platform with expert risk ratings, curated pools, and top-tier security. [See how you can earn an extra 3% on your BTC!]( [breaker] GM! This is Milk Road, with crypto news fresher than a touchdown celebration. We've got the winning plays. Here’s what we got for you today: - ✍️ Is DePIN crypto’s #1 draft pick? - ✍️ Crypto fire sale, ending soon? - 🎙️ The Milk Road Show: [Are L2 Tokens the Next 10X Opportunity? w/ Kyle Reidhead]( - 🚨 Subscribe to our YouTube for a chance to win - 🍪 Tether announces UAE Dirham-Pegged stablecoin [Prices as of 9:30AM ET. Click here for our Fear & Greed Index]( [breaker] IS DEPIN CRYPTO’S #1 DRAFT PICK? 🏈 Picture two high school quarterbacks, from two rival townships. One goes on to the NFL, becoming a globally recognized figure in the process…while the other stays in the minors, becoming famous within his local community. Right now, crypto is made up mostly of ‘hometown heroes’ – killer products/platforms/protocols that serve the tight-nit crypto/web3 community. …but very few have made the draft (aka: the mass market arena). Which is why the new signals we’re getting from decentralized physical infrastructure (DePIN) projects, Hivemapper and Helium, are commanding our attention like a DVD wait screen. 🫰 Hey, enough of that – eyes over here 👀 check this out: 1/ From Hivemapper, the crypto app that pays users to video-map their local streets (as if they’re running their own private Google Street View car): [Source: @Hivemapper]( 2/ As for Helium (the decentralized mobile network provider that pays folks to share their 5G internet bandwidth with its customers)? [Source: @helium]( Check out Helium's growth in carrier subscribers! [Source: Helium]( …now, here’s the kicker: some Helium customers have the potential to make their mobile service a net-zero cost! [Source: @crypto_flan]( And this adoption seems to be reflected in DePIN’s recent performance – it’s the only sector to be flashing positive of late: [Source: Artemis]( Ok, so what’s working here? Zooming in… Global physical infrastructure updates, like cell tower installations/upgrades and real-world mapping are logistical nightmares. [Hivemapper]( and [Helium]( each solve these pain points for legacy tech companies by using token incentives to bootstrap localized data and infrastructure development – something that cannot be achieved without blockchain (boom!) Zooming out… The broader winning formula looks something like this: Instead of creating crypto solutions to solve crypto-centric problems, these two are using blockchain tech to solve real-world problems (for companies with deep pockets). Now that’s ‘number-one-draft-pick’ behavior if we’ve ever seen it. [POWER UP YOUR PORTFOLIO WITH SIMPLIFIED DEFI]( Investing in DeFi doesn’t have to be a confusing mess of chain bridging, cryptic protocols, and murky risk research. [Exponential.fi]( makes it easy, accessible, and secure for everyone—from newbies to degens. As the first all-in-one DeFi platform, [Exponential.fi]( offers: - Curated investment opportunities - Expert risk ratings - One-click investing - Streamlined portfolio management - Easy tax reporting - Flat 0.2% trading fee All funds are held 1:1 with institutional-grade security and without lock-ups. Fully yours, fully liquid. Ready to growth hack your portfolio? [Deposit or invest BTC]( by August 31, 2024 and get a bonus 3% annual reward rate*. (Terms apply.) [breaker] CRYPTO FIRE SALE, ENDING SOON? 🏷️ We’re in a storm. But the skies appear to be clearing… The [$BTC]( and [$ETH]( markets have been flooded with new supply and increased selling pressure of late – with some of the biggest culprits being: - [Grayscale’s $ETHE ETF]( (its high fees are pushing investors to sell) - Mt. Gox (repaying creditors that lost $BTC in their 2014 collapse) - [German Gov.]( (selling off its seized $BTC) - US Gov. (potentially selling off the $BTC it seized from Silk Road) A single point of selling pressure can be weathered…two can be painful, but often manageable...three or more? That can be long and grueling (👈 we are here). The good news is, 124k of the total 227k $BTC to be sold has already been absorbed by the market.👇 [Source: Arkham Intelligence]( We’re not out of the woods yet – and other selling events could pop up in the future – but the current supply overhang for $BTC appears to be drying up. Which is of particular importance, because: - Bitcoin tends to drive the market long term. - Buyers are less likely to start accumulating when there’s a wall of publicly tracked selling pressure in front of them (those fears are slowly being calmed). The forecast: Potential for markets to continue grinding sideways, as the market absorbs the last of this known supply. Once those clouds part, investor confidence can rebuild. [breaker] SUBSCRIBE TO OUR YOUTUBE & WIN 🚨 The Milk Man's giving away some epic prizes to celebrate our YouTube launch! Here's what you could score: - Profit from the Future: Crypto Investing Masterclass ($499 value) 🎓 - Milk Road PRO – 1-year subscription ($250 value) 🔐 - Milk Road PRO – 1-month subscription ($25 value) 📅 - A Mystery Box – Who doesn’t love surprises? 🎁 How to enter? Easy peasy. Just hit that subscribe button on [The Milk Road Show]([YouTube channel.]( Deadline: August 31st at midnight ⏰ [Subscribe Here!]( [breaker] BITE-SIZED COOKIES FOR THE ROAD 🍪 [Meet Kelp DAO: The liquid restaking protocol making waves in EigenLayer]([.](Want to keep your restaking deposits flexible and still competitive? [Dive into our review]( to find out how it is possible. [Bitcoin’s increasing market share is driving overall crypto market growth.](Investors are shifting toward more stable assets amid ongoing economic uncertainty. Long-term holders remain confident, while short-term traders face growing losses. [BlackRock’s Ethereum ETF Leads with Over $1B in Net Inflows.]( The ETF outperforms other Ethereum-related funds, setting a new standard for institutional crypto products. BlackRock now holds a strong position in the market as Ethereum ETFs face significant net outflows. [Tether Partners with UAE Firms to Launch Dirham Stablecoin.]( Backed by UAE-based reserves, it offers a stable, cost-effective solution for businesses and individuals alike. [breaker] MILKY MEMES 🤣 [Source: @AltcoinGordon]( [Source: @naiivememe]( [Source: @alancarroII]( [breaker] RATE TODAY’S EDITION What'd you think of today's edition? [🥛🥛🥛🥛🥛 F**king great]( [🥛🥛🥛 Meh, do better]( [🥛 You didn't bring the heat]( ROADIE REVIEW OF THE DAY 🥛 VITALIK PIC OF THE DAY [breaker] 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 [Terms of Service](