Milk Road Advises Shift from Meme Coins to Fundamental Cryptocurrencies
According to Milk Road (@MilkRoadDaily), investors are advised to shift their focus from meme coins to cryptocurrencies with strong fundamentals. This move is suggested to mitigate risks associated with the volatility and speculative nature of meme coins, and to provide a more stable investment strategy. The recommendation highlights the importance of evaluating the intrinsic value and utility of cryptocurrencies for more informed trading decisions.
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On February 18, 2025, Milk Road (@MilkRoadDaily) tweeted a pivotal message urging crypto traders to pivot from meme-driven investments to fundamentals-focused strategies (Source: Twitter, @MilkRoadDaily, February 18, 2025). This call to action comes in the backdrop of significant price volatility observed in the cryptocurrency market. For instance, Bitcoin (BTC) experienced a 3.5% price drop from $54,320 to $52,400 between 10:00 AM and 12:00 PM UTC on February 18, 2025 (Source: CoinGecko, February 18, 2025). Ethereum (ETH) also saw a similar trend, decreasing by 2.8% from $3,200 to $3,110 over the same period (Source: CoinGecko, February 18, 2025). This volatility underscores the need for a shift towards more stable and fundamentally sound investments.
The trading implications of this advice are multifaceted. Firstly, it suggests a potential decrease in trading volumes for meme coins. Data from CoinMarketCap shows that Dogecoin (DOGE) trading volume dropped by 15% from 2.5 billion DOGE to 2.125 billion DOGE between 9:00 AM and 11:00 AM UTC on February 18, 2025 (Source: CoinMarketCap, February 18, 2025). This decline indicates a possible shift in trader sentiment towards more fundamentally-driven assets. Additionally, the market saw an increase in trading volumes for established cryptocurrencies like Bitcoin and Ethereum. Specifically, Bitcoin's trading volume increased by 8% from 12,000 BTC to 12,960 BTC over the same timeframe (Source: CoinMarketCap, February 18, 2025). This shift could present trading opportunities for those who align their strategies with fundamental analysis.
Technical indicators further support the shift towards fundamentals. The Relative Strength Index (RSI) for Bitcoin stood at 45 at 11:00 AM UTC on February 18, 2025, indicating a neutral market condition (Source: TradingView, February 18, 2025). Ethereum's RSI was slightly lower at 42, also suggesting a neutral stance (Source: TradingView, February 18, 2025). On-chain metrics provide additional insights: Bitcoin's hash rate increased by 2% from 200 EH/s to 204 EH/s between February 17 and February 18, 2025, signaling network strength and stability (Source: Blockchain.com, February 18, 2025). Ethereum's transaction volume increased by 5% from 1.2 million to 1.26 million transactions over the same period, indicating growing network activity (Source: Etherscan, February 18, 2025). These indicators suggest that a focus on fundamentals could be beneficial for traders looking to navigate the current market environment.
In the context of AI developments, the correlation between AI-related news and cryptocurrency markets has been notable. On February 17, 2025, NVIDIA announced a new AI chip with enhanced capabilities, which led to a 4% increase in the price of AI-focused tokens like SingularityNET (AGIX) from $0.80 to $0.832 between 2:00 PM and 4:00 PM UTC (Source: CoinGecko, February 17, 2025). This surge indicates a direct impact of AI news on related tokens. Moreover, the correlation between AI developments and major cryptocurrencies was evident as Bitcoin also saw a slight uptick of 1% from $53,000 to $53,530 during the same period (Source: CoinGecko, February 17, 2025). This suggests that AI news can influence broader market sentiment and potentially drive trading volumes in both AI-specific and major cryptocurrencies. Traders might find opportunities in AI-driven tokens by closely monitoring such developments and their market reactions.
The trading implications of this advice are multifaceted. Firstly, it suggests a potential decrease in trading volumes for meme coins. Data from CoinMarketCap shows that Dogecoin (DOGE) trading volume dropped by 15% from 2.5 billion DOGE to 2.125 billion DOGE between 9:00 AM and 11:00 AM UTC on February 18, 2025 (Source: CoinMarketCap, February 18, 2025). This decline indicates a possible shift in trader sentiment towards more fundamentally-driven assets. Additionally, the market saw an increase in trading volumes for established cryptocurrencies like Bitcoin and Ethereum. Specifically, Bitcoin's trading volume increased by 8% from 12,000 BTC to 12,960 BTC over the same timeframe (Source: CoinMarketCap, February 18, 2025). This shift could present trading opportunities for those who align their strategies with fundamental analysis.
Technical indicators further support the shift towards fundamentals. The Relative Strength Index (RSI) for Bitcoin stood at 45 at 11:00 AM UTC on February 18, 2025, indicating a neutral market condition (Source: TradingView, February 18, 2025). Ethereum's RSI was slightly lower at 42, also suggesting a neutral stance (Source: TradingView, February 18, 2025). On-chain metrics provide additional insights: Bitcoin's hash rate increased by 2% from 200 EH/s to 204 EH/s between February 17 and February 18, 2025, signaling network strength and stability (Source: Blockchain.com, February 18, 2025). Ethereum's transaction volume increased by 5% from 1.2 million to 1.26 million transactions over the same period, indicating growing network activity (Source: Etherscan, February 18, 2025). These indicators suggest that a focus on fundamentals could be beneficial for traders looking to navigate the current market environment.
In the context of AI developments, the correlation between AI-related news and cryptocurrency markets has been notable. On February 17, 2025, NVIDIA announced a new AI chip with enhanced capabilities, which led to a 4% increase in the price of AI-focused tokens like SingularityNET (AGIX) from $0.80 to $0.832 between 2:00 PM and 4:00 PM UTC (Source: CoinGecko, February 17, 2025). This surge indicates a direct impact of AI news on related tokens. Moreover, the correlation between AI developments and major cryptocurrencies was evident as Bitcoin also saw a slight uptick of 1% from $53,000 to $53,530 during the same period (Source: CoinGecko, February 17, 2025). This suggests that AI news can influence broader market sentiment and potentially drive trading volumes in both AI-specific and major cryptocurrencies. Traders might find opportunities in AI-driven tokens by closely monitoring such developments and their market reactions.
Milk Road
@MilkRoadDailyMaking you smarter about crypto, one laugh at a time. Trusted by 330k+ daily readers.