Cardano Dan's Newsletter - Issue #114
The Present
Quote of the Day
“To live in the past is to die in the present.”
― Bill Belichick
Yesterday was a huge milestone for Cardano! HUGE. But it is not the end of the journey.
If we live in the past, we will die in the present. Winners don’t stop and permanently celebrate one win. If they did, they wouldn’t be considered winners.
So we enjoyed the celebration yesterday. It was worth celebrating. And now we move on to the next goal, deploying the necessary infrastructure and tooling that will enable hundreds and thousands of DApps on Cardano.
Why? Because winners live in the present. And we are winners.
In The News
This weekend marked the 20th Anniversary of 9/11.
I’ve personally visited all 3 attack locations. I was in the twin towers less than a month before the attack. I’ve walked the halls of the Pentagon in the rebuilt section where Flight 77 hit. And I wept at the Flight 93 memorial for the memory of the courageous passengers who sacrificed their lives to protect so many others.
I’ll never forget that terrible day in history. It is very real proof that evil exists in this world. But I encourage you to remember that good exists too! Perfect love and truth. And as much as it may seem otherwise, good will prevail in the end.
Until that end, whether sooner or later, I implore you to be part of the good.
Cardano Updates
The smart contract era has begun on Cardano! This blog post by Tim Harrison is a great overview of what has happened, why it’s significant, and what is next.
The 3D Moon Eggs hatched Cardano Dan Moon Men yesterday! You now have a hatched Egg and a 3D Moon Man. Some of you even have a Bronze, Silver, or Gold Moon Man!
The Icons NFT Collection dropped yesterday to celebrate the beginning of the Cardano smart contract era!
These NFTs include the first royalty smart contract - it is in the metadata of the NFTs. An overview of how the smart contract works is available here.
The Icons NFTs are available for 3 epochs here and you can read all about the project in this thread.
Technical Analysis / Price Discussion
We are not in for a very interesting period of price action for Cardano ADA. Many expect there to be a lull in price appreciation. The well-known, “Buy the rumor, sell the news” way of thinking.
That could well happen and it becomes more likely the longer that DApps take to deploy on Cardano.
Alternatively, the quicker we see real adoption, especially if it happens while the bull run continues, the more likely we are to see, not just new highs, significantly higher new highs.
Either way, we currently continue to establish $2.47 (the prior all time highs) as new support and put in volume between $2.20 and $3.
If I had to guess, I think we go sideways for a small number of weeks before the move higher commences again.
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.