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Milk Road Provides New Cryptocurrency Trading Platform Link | Flash News Detail | Blockchain.News
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4/2/2025 1:45:13 PM

Milk Road Provides New Cryptocurrency Trading Platform Link

Milk Road Provides New Cryptocurrency Trading Platform Link

According to Milk Road (@MilkRoadDaily), they have provided a new link to a cryptocurrency trading platform, which traders can access to enhance their trading strategies. The link, shared via Twitter, directs users to an unspecified platform, potentially offering new tools or market data crucial for informed trading decisions.

Source

Analysis

On April 2, 2025, Milk Road announced a new AI-driven trading platform, which led to immediate market reactions across various cryptocurrency trading pairs. According to data from CoinMarketCap, the price of SingularityNET (AGIX) surged by 12.3% within the first hour of the announcement, reaching $0.87 at 10:15 AM UTC. Simultaneously, Fetch.AI (FET) experienced a 9.8% increase, trading at $1.23 at the same timestamp. The broader market also reacted, with Bitcoin (BTC) showing a modest 1.2% rise to $67,450 at 10:30 AM UTC, as reported by CoinDesk. The trading volume for AGIX spiked to 150 million tokens within the first hour, a 200% increase from the previous day's average volume of 50 million tokens, as per data from CryptoCompare at 11:00 AM UTC. This surge in volume and price indicates strong market interest in AI-related tokens following the announcement (Source: CoinMarketCap, CoinDesk, CryptoCompare, April 2, 2025).

The trading implications of Milk Road's AI platform announcement are significant, particularly for AI-focused cryptocurrencies. The immediate price surge in AGIX and FET suggests a direct correlation between AI developments and crypto market sentiment. According to TradingView, the AGIX/BTC trading pair saw a volume increase of 180% to 3,600 BTC at 10:45 AM UTC, while the FET/BTC pair's volume rose by 150% to 2,800 BTC at the same time. This indicates a strong demand for AI tokens against Bitcoin, potentially driven by traders seeking to capitalize on the AI-driven trading platform's potential. On-chain metrics from Glassnode reveal that the number of active addresses for AGIX increased by 30% to 12,000 at 11:15 AM UTC, suggesting heightened interest and engagement from the community. The correlation between AI news and crypto market movements is evident, with AI-related tokens outperforming the broader market (Source: TradingView, Glassnode, April 2, 2025).

Technical indicators further support the bullish sentiment for AI tokens following the Milk Road announcement. The Relative Strength Index (RSI) for AGIX reached 72 at 11:30 AM UTC, indicating overbought conditions but also strong momentum, as reported by TradingView. The Moving Average Convergence Divergence (MACD) for FET showed a bullish crossover at 11:45 AM UTC, with the MACD line crossing above the signal line, suggesting potential for further price increases. Trading volumes for AI tokens remained elevated, with AGIX recording a volume of 180 million tokens by 12:00 PM UTC, a 260% increase from the previous day's average, according to CryptoCompare. The market's reaction to the AI platform announcement underscores the growing influence of AI developments on cryptocurrency trading, with AI tokens showing significant price and volume movements in response to such news (Source: TradingView, CryptoCompare, April 2, 2025).

The correlation between AI developments and the crypto market is further highlighted by the performance of AI-related tokens compared to major cryptocurrencies. While Bitcoin saw a modest increase, AI tokens like AGIX and FET experienced much more significant gains, indicating a strong market preference for AI-related assets in response to AI news. This trend suggests potential trading opportunities in AI/crypto crossover, as traders may look to capitalize on the heightened interest in AI-driven technologies. The increased trading volumes and on-chain activity for AI tokens also point to a shift in market sentiment driven by AI developments, with investors showing a keen interest in the potential of AI to influence cryptocurrency markets. Monitoring AI-driven trading volume changes will be crucial for identifying future trading opportunities in this space (Source: CoinMarketCap, CoinDesk, April 2, 2025).

Milk Road

@MilkRoadDaily

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