Cardano Dan's Newsletter - Issue #107

Greatest Mistake

Quote of the Day

“The greatest mistake you can make in life is continually fearing that you'll make one.”

― Elbert Hubbard

Life is fraught with opportunities to make mistakes. Lord knows that I’ve made my fair share of them.

You know what I’ve also done? Wasted a whole lot of time fearing making them too. I’m a risk-taker, but I’m also a perfectionist. And sometimes my perfectionism gets the better of me and I get stuck because I don’t want to make a mistake. And that is a huge error because I waste so much time and energy when that happens.

If this is something you struggle with too, it’s worth remembering that continual fear can be a bigger mistake than the mistakes you fear themselves.

Cardano Updates

There’s so much going on in the Cardano ecosystem right now that today is a Cardano-Only News Day!

1. My NFT collaboration project with Blizzeffect drops (goes on sale) at 1600 UTC today! (That’s 12PM Eastern in the U.S.)

   The Moon Egg NFTs will hatch Cardano Dan Moon Man action figures in boxes on September 12th and then those will be available to unbox via smart contracts! (date of unboxing availability TBD)

   There are 300 total Moon Eggs that will hatch 230 Standard, 50 Bronze, 15 Silver, & 5 Gold Cardano Dan Moon Men.

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

   Check out demos of the @blizzeffect Moon Egg #NFT & #Cardano Dan Moon Man on @pool_pm! (links below) Drop is this Wednesday at 1600 UTC. Only 300 eggs will be minted, so only 300 Moon Men will hatch. #Cardano #CNFT $ADA pool.pm/e521ff81606bef… pool.pm/e521ff81606bef…

   

   

2. The much anticipated ERC-20 converter is launching on the Cardano Testnet this week! SingularityNET’s AGIX token is one of the biggest names expected to use this bridge early on.

   Ben Goertzel @bengoertzel

   So excited that next week SingularityNET AGIX token will become multichain and extend to the (fundamentally quite superior) Cardano Blockchain !! Kudos to @IOHK_Charles and all of IOG for making Cardano and making this happen ;)

   

   finance.yahoo.comCardano will launch ERC-20 Ethereum converter bridge next weekCardano (ADA) will launch new ERC-20 converter bridge next week as company founder Charles Hoskinson targets Ethereum tokens as ripe fruit for picking.

3. If you’re a little unsure of what all the smart contract excitement is about, check out this really well done video update on what the Alonzo Hardfork means for Cardano.

4. Liqwid Finance provided an update on the road to Liqwid v1 launch (projected later-October) and LiqwidUSD (estimated 2-3 months after Liqwid v1 launch).

Technical Analysis / Price Discussion

Cardano ADA looks like a beautiful flagpole on the daily charts. In his book on TA, Murphy describes flags and pennants as “brief pauses in a dynamic market move” that tend to “appear at about the halfway point of the move.” Pennants and flags are both short-term patterns and “should be completed within one to three weeks.”

Seems to fit out currently situation quite well. There are some measuring implications related to all of this. You can argue where the move began and that’s impacts the “measured move” analysis. Regardless of how you measure the move, this particular dynamic market move looks to be targeting $4-5 when it breaks out of this pennant (looks like this now) or flag (depending on how it continues forming).

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.