Cardano Dan's Newsletter - Issue #102

Take Rest

Quote of the Day

“Take rest; a field that has rested gives a beautiful crop.”

― Ovid

I’m writing this one for myself today. I’m worn out and I need to rest more.

There are so many exciting things happening in crypto and Cardano right now that it is very hard for me to rest and relax. The problem is, that if I don’t, I’m not going to yield a very good crop.

I need to be more disciplined about resting. For me, my health, my family and for my productivity too. I’m working to take some steps to do that.

If this hits home with you, maybe you can do the same.

In The News

1. The Federal Reserve shifted its planned in-person annual Jackson Hole meeting to a virtual summit instead. This was in response to rising rates of Covid-19 infection in Teton County, Wyoming.

   This is a significant change and may signal a concern about how the Delta variant will impact economic activity in the coming months. It may in fact be a dovish signal.

   This was already an important meeting I was watching and I recommend you keep a close eye on news coming out of this, now virtual, meeting later this week.

2. CoinDesk actually covered Cardano’s recent price action in a objective way! Only one part of the article is off where they say the Alonzo upgrade is slated for October 1st (it’s actually currently slated for September 12th).

Cardano Updates

1. Charles Hoskinson shared some Saturday night thoughts about why it’s ok that critics of Cardano don’t believe it is real. It’s because Cardano isn’t being built for them.

2. You can see the NFT momentum building in the Cardano ecosystem. Trybbles Drop 3 sold out in less than 4 hours. Drop 2 took 8 hours to sell out and Drop 1 took weeks. When smart contracts release, things are going to explode!

   Secondary markets are on fire too!

   Card₳no Dan 🇺🇸 🇯🇵 🇪🇹 🇹🇿 🌑 ADA @CardanoDan

   Secondary market for @trybbles is heating up. This guy just went for 1,111 $ADA on @CNFT_IO Do not sleep on #Cardano #NFT #CNFT Way lower tx fees and smoother experience.

   

Technical Analysis / Price Discussion

Cardano ADA closed at its highest weekly level ever on Sunday. There are 3 weeks left until the Alonzo hard fork. Bitcoin is on the verge of breaking higher. Sometimes that can be a threat to altcoins, but ADA has established itself as a major (not an alt) and is in price discovery. I don’t think a Bitcoin move will be much of a threat to ADA.

Also, I think it’s highly likely that ADA’s run continues as we move toward the hard fork. $3 is feeling almost certain to me (not financial advice) and I honestly think we could make a run at my first target for this bull cycle ($3.90) and $4 by the time of the hard fork.

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.