Cardano Dan's Newsletter - Issue #1
Welcome to the quick hitting newsletter about Cardano, Crypto Trading, Blockchain, Monetary Policy, & Data Privacy
This is my first newsletter. It will be Cardano Dan's newsletter for now, but will have a properly cool name at some point.
The format will change over time, but I'm looking to deliver quick and concise information for you to digest that you find valuable.
Please send me your feedback on Twitter or by replying to this email.
Thanks for your interest!
Quote of the Day
Stephen Covey, “The Seven Habits of Highly Effective People”
“Start with the end in mind.”
This is exactly what the Cardano team has done and they’re about to be richly rewarded for doing so. I highly recommend this book if you’ve never read it.
Sponsor
Today’s newsletter is sponsored by Cardano Dan’s Stake Pool & my partner Reliable Staking.
Our Cardano stake pools provide high performance and low fees. We greatly value your support!
RELY on Reliable Staking & Cardano DAN2 grow your ADA!
Cardano Nuggets
It takes 15-20 days from the time you first delegate your ada to a stake pool until you receive your first rewards.
In the News
Interest rates are spiking and some of the smartest people around, including Michael Burry, are warning that hyperinflation is coming. It’s having a big drag on stock markets and will inevitably continue to impact cryptocurrencies.
Around the Block
Tether announced this week that it reached a settlement with the NY State Attorney General. This was one of the black swan risks floating around in cryptocurrency markets and is very positive news for crypto IMHO.
Investing Angle
Let me encourage you to be intentional about your participation in crypto. Have a plan and execute the plan. All other ways of participating in crypto are just gambling. We'll talk more about planning considerations in future newsletters.
Technical Analysis
Ada showed incredible strength today compared to other cryptocurrencies and the stock market. Crypto will have up days and down days. But you always want to be looking for the projects that are outperforming.
Cardano is outperforming the two biggest benchmarks. It recently broke critical resistance levels for both Bitcoin and Ethereum and appears to have established these key levels as support for both pairs.
I'm looking for Cardano to continue its strong run in the short-term, especially given all of the really big news coming in the near term, primarily the launch of Native Assets and Africa news.
This newsletter is for entertainment and educational purposes. I’m not a financial advisor and you should do your own research and consult a financial advisor before investing in cryptocurrencies.