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- š„ Crypto prices: 2 winners. 1 big loser š
š„ Crypto prices: 2 winners. 1 big loser š
PLUS: We haven't seen this since 2020... š
Todayās edition is brought to you by Trezor - stop losing sleep at night and know your digital assets are secure.
GM. This is Milk Road - the crypto newsletter that's so addictive, it should come with a warning label.
Side effects may include uncontrollable bursts of laughter, random āWGMIā chants, and saying "Satoshi bless you" when someone sneezes.
Hereās what we got for you today:
Market movers: winners & losers š
2 things to watch this week š
Google searches for ācryptoā have plummeted šŖ
MARKET MOVERS: WINNERS & LOSERS š
Crypto prices are hard to keep track of.
One moment, theyāre up big. Then you blinkā¦
And theyāre crashing back down.
Lucky for you, the Milk Man has been keeping a close eye on prices over the last week. Here are a few tokens that got his attentionā¦
Heās got 2 winners and 1 loser.
2 WINNERS
1/ The Sandbox ($SAND) is up 11%
What is it? $SAND is the token that powers the Sandbox metaverse - a virtual world where users can buy/sell digital assets (like land), build cool experiences, and monetize it through a ācreate-and-earnā model.
Itās web3 meets Minecraft meets Roblox.
Why itās up: Metaverse tokens have seen an increase over the last week in anticipation of Appleās new VR/AR headset being released later today.
Many people think that Appleās big release could be a catalyst for everything āmetaverseā related.
2/ Terra Classic ($LUNC) is up 13%
What is it? $LUNC is the native token for the Terra blockchain. Itās just the rebranded version of the original LUNA token. (R.I.P)
Thatās right, the token that went from being worth $40B+ ā being worth less than the lint in your pocket is quietly making a comebackā¦
Why itās up: A new upgrade proposal has been submitted - v2.1.0. The changes include:
Validators receive a minimum 5% commission as āpromoting fair compensationā
Multichain capability to expand to Cosmos and other blockchains
The proposal still needs to be voted on and approved, but itās drummed up a lot of investorsā attention for the OG project.
Remember - Terra first blew up because of the founder (He-Who-Must-Not-Be-Named) not because of the developers. It looks like the few remaining devs are trying to make a comeback from the dead.
And now, onto theā¦
1 BIG LOSER
1/ $PEPE is down 20%
What is it? A memecoin on Ethereum.
It launched in April, the price soared, and it kickstarted the latest Memecoin Mania.
Why itās down: The hype behind memecoins has plummeted and lots of the early $PEPE investors have been cashing out on their gains.
In the words of Bill Nye the Science Guy: What goes up, must come down.
There are two things I always keep stashed away:
1/ My crypto
2/ An extra pack of Oreos (ya never know when youāll need it)
I wonāt tell you where the Oreos are. But I will tell you where the crypto isā¦
Trezorās hardware wallets. These are physical devices that keep your private keys and crypto secure. They also give you full control over your assets vs storing it in a centralized exchange.
(Remember - not your keys, not your cheese.)
There are a ton of different hardware wallets - like Trezor, Ledger, and more - so we created a whole guide for you Roadies. Check it out here!
WARNING: Trezorās hardware wallets might make you feel invincible. Side effects include walking with a swagger and bragging about your āsecurity hygieneā.
2 THINGS TO WATCH THIS WEEK š
We know youāre busy people. So guess what? We did you a favorā¦
We rounded up the 2 most important things you need to keep an eye on this week. (Youāre welcome)
Here they are:
1/ Token Unlocks
Last week we talked about why token unlocks are a big deal and why investors need to keep an eye on them.
The TLDR - Where there is a token unlock, there is price volatility. (Milk Road Rule #58)
Well, there are a bunch more happening this week:
These projects could have a Rocky Road in the week ahead (and we aināt talking Ben & Jerryās).
2/ Appleās WWDC Event
Today is one of Appleās biggest events for the yearā¦. drumroll....
WWDC (Worldwide Developers Conference). Itās kinda like EDC - except instead of a festival for music ravers, itās a conference for nerds. And instead of drugs, they get high off new tech product releases.
This year, everyone is waiting for Apple to drop one thing: its new VR/AR headset.
Seriously, I havenāt seen people this hyped for a pair of glasses since Juni Cortez was rocking these in Spy Kidsā¦
So, what does this have to do with crypto? Many investors think the new VR/AR tech could bring attention to metaverse tokens.
In fact, many of these tokens are already going up in price. Check it outā¦
Metaverse coins moving ahead of Apple šā¦
ā Mando (@rektmando)
9:32 PM ā¢ Jun 4, 2023
All eyes will be on Tim Cookā¦
MILK & COOKIES šŖ
Google searches for ācryptoā have plummeted to levels we havenāt seen in years. It hasnāt been this bad since Jake Paul dropped a rap song back in 2020ā¦
Atomic Wallet users get hacked for $35M+ over the weekend. Another week, another hack. Sigh
JPMorgan is teaming up with six major Indian banks to test out a new blockchain-based platform. The goal? Enable interbank settlement of U.S. dollar transactions.
Coinbase Derivatives Exchange will offer its institutional clients āinstitutional-sizedā Bitcoin and Ethereum tracked futures. The new feature is set to roll out later this week.
Do Kwon gets released after being granted bail in Montenegro. Kwon will be on house arrest and will be closely monitored by the local police.
MILKY MEMES š¤£
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well GM there, Roaders
ā Milk Road Images (@MilkRoadImages)
1:37 PM ā¢ Jun 5, 2023
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.
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