PLUS: Bitcoin hasn't been this dominant since 2021... ðª October 20, 2023 | [Read Online]( Todayâs edition is brought to you by [Horizen]( - a fast growing blockchain network with EVM compatibility and a focus on zero-knowledge powered dapps. [Join the Horizen ecosystem today!]( Gm. this is Milk Road, weâre the type of friend that saves you from getting into crypto trouble, but we also might steal your fries when you're not looking. Ok. Everybody remain calm⦠Bitcoinâs up 12% this week. Most of the top 25 cryptocurrencies are in the green. I could get used to this⦠ð Thereâs a lot of excitement building off hope that the Fed is done raising rates for good. And after the fake ETF approval tweet, many feel that the potential approval is not yet priced in. And that wasnât the only news from yesterday. The SEC decided to drop their case against Ripple and the NY attorney general sued Gemini and DCG for fraud. Donât worry Roaders, will be sharing all the deets on those next week. For now, we have some other stories to wrap up your week: - Bitcoin hasnât been this dominant in 2+ years ðª - How to steal and lose $3B ð - The best-performing asset of the year isâ¦ð - âI havenât sold ETH for personal gain since 2018â - Vitalik Buterin ð£ï¸
[Prices as of 9:30 AM ET. Click here for our Fear & Greed Index]( BITCOIN HASNâT BEEN THIS DOMINANT IN 2+ YEARS ðª A popular metric people follow is something called coin dominance. For all the nerds, itâs calculated by dividing any coinsâ market cap by the overall market cap of the top 125 coins and then multiplying it by 100. For all the people that still have PTSD from 7th-grade Algebra (guilty as charged), just use [this website]( and you wonât break a sweat. And [Bitcoinâs]( dominance has been on the rise this yearâ¦. - January 1, 2023: 41.91%. - October 20, 2023: 52.20%. In fact, this is the most dominant Bitcoinâs been since April 2021.
[Source: TradingView]( P.S. - for all the crypto curious, hereâs the rest of the coin dominance leaderboard... - [ETH](: 17.55% - USDT: 7.85% - BNB: 2.98% - USDC: 2.36% - XRP: 2.57% - DOGE, ADA, MATIC, and SOL all have < 1% [A MAJOR STEP IS ON THE HORIZEN]( Thereâs no shortage of blockchains to choose from. The problem? Most blockchains donât attract any users and canât survive in the wild world of crypto. Well, [one blockchain ecosystem]( has proved to be a diamond in the rough. Theyâve built a vibrant ecosystem dating back to 2017. And the team hasnât stopped building. Iâm talking about [Horizen](. Hereâs everything you need to know: - They launched in 2017 with a focus on zk-powered blockchain dapps and protocols, and still remain as one of the fastest growing EVM ecosystems - The team consists of research and cryptography veterans with a proven track record of successful development, such as their cross-chain communication protocol, [Zendoo]( - Their latest initiative is [Horizen EON](, the ecosystemâs first EVM compatible smart contracting platform. This allows developers to efficiently build and deploy dapps on Horizen, while benefiting from all of the positives of Ethereumâs ecosystem And when you add all of this to Horizenâs existing community, there is a lot of excitement about the future. [Dive into the Horizen Eon ecosystem!]( HOW TO STEAL AND LOSE $3B ð¥ Iâm gonna do you a favor⦠Iâm gonna save you [enter how long it takes you to scroll Netflix to find a show to watch] minutes. Instead, just watch [this new documentary](â¦
[Source: YouTube]( Trust me. Itâs a wild story. I wonât completely spoil it, but hereâs a teaser: - Billions of dollars worth of Bitcoin - The Silk Road - aka the eBay for drugs. (Note: not affiliated with Milk Road in any way, shape or form⦠just in case the feds see this) - A secret billionaire hacker - Private jets, yachts, and other baller sh*t - The craziest 911 call youâll ever hear Itâs a good one, go watch it. Or if you prefer reading, hereâs the [written version](. THE BEST PERFORMING ASSET OF THE YEAR ISâ¦ð For those of you keeping score at home⦠[Bitcoin]( has been one of the best investments year-to-date (YTD). - BTC: +80% YTD - ETH: +35% YTD - NASDAQ: +27% YTD - Gold: +6% YTD
[Source: @milesdeutscher]( Impressive. And congrats to all our Bitcoin investors out there! Dinnerâs on you. Btw - no oneâs a bigger winner than the investors that put money into orange juice (+103%), olive oil (+120%), and Royal Caribbean (+85%) this year though... Note to self: forget about tech, invest in things grandmas love. âI HAVENâT SOLD ETH FOR PERSONAL GAIN SINCE 2018â - VITALIK BUTERIN ð£ï¸ So, Iâve been seeing this weird trend lately... A TON of articles get published whenever Vitalik (the founder of ETH) transfers ETH out of his [wallets](. Crypto reporters follow Vitalikâs crypto transactions like the paparazzi follow Ben Affleckâs Dunkinâ Donuts runs. Exhibit A: And once these articles start circulating, the whispers begin⦠Is Vitalik losing faith in what he builtâ¦.? Is he gonna abandon shipâ¦? Is it overâ¦? As a result, ETHâs price sometimes drops. Well, Vitalikâs had enoughâ¦
[Source: @vitalik.eth]( Translation: Keep. His. Name. Out. Your. Mouth! BITE-SIZED COOKIES ðª [The SEC dropped its charges against Ripple executives.](The regulators had included them as defendants in its securities violation case revolving around XRP transactions. [Circle launched two new tools for developers called Gas Station and Smart Contract Platform.](Gas Station removes transaction "gas" fees when integrated with Circle's programmable wallets. Smart Contract Platform simplifies smart contract importing, deployment, and management. [Grayscale Investments submitted a new spot Bitcoin ETF application.]( This was the asset managerâs latest move to convert its Bitcoin Trust into a spot bitcoin ETF. Canât stop, wonât stop. [Over 100 U.S. lawmakers sent a letter to the White House and U.S. Treasury Department voicing their concerns about cryptoâs use in illicit activities](. The Anti-Crypto Army is growing⦠MILKY MEMES 𤣠HIT THE INBOX OF 250K+ CRYPTO INVESTORS Advertise with Milk Road to get your brand in front of the Who's Who of crypto. The Roaders are high-income crypto investors who are always looking for their next interesting product or tool. [Get in touch today](. What'd you think of today's edition? - [ð¥ð¥ð¥ð¥ð¥ F**king great](
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