Cardano Dan's Newsletter - Issue #122

The Credit

Quote of the Day

"It is amazing what you can accomplish if you do not care who gets the credit."

― Harry Truman

A lot of great people have put this quote on their desk as an important reminder. Nothing great is truly ever accomplished without a lot of unsung heroes.

This is important to keep in mind coming out of such a great weekend of updates at the Cardano Summit. There are so many hard-working individuals in the Cardano community and ecosystem the do their part behind the scenes without any acknowledgment or credit. They do it because they care about the end result - they want to change the world for the better.

This newsletter is dedicated to all of those people. Thanks for your hard work and dedication to changing the world for the better. I see and appreciate you.

Cardano Updates

Today’s newsletter is all about the Summit! Too many exciting things going on to spend space and time on anything else. Here are just a few of the top highlights from the weekend along with links to help you find more info about the topics you’re most interested in.

1. Cardano and Dish entered into a strategic collaboration to make blockchain services a core component of Dish’s consumer strategy. This strategy involves bringing Decentralized Identities (DIDs) to millions of Boost Mobile’s customers.

   Cardano is, very smartly IMHO, prioritizing telecom companies like Boost Mobile and World Mobile in its strategy to bring blockchain products to consumers.

   Charles Hoskinson @IOHK_Charles

   Here's the Dish/Boost announcement:

   

   youtu.beCardano Summit: DISH AnnouncementWe are announcing a landmark partnership with DISH/Boost Mobile and Cardano that brings the world of global telecoms and the blockchain space together. This ...

2. Cardano announced another strategic collaboration with the leading Oracle solution in blockchain - Chainlink. DeFi and RealFi require oracles to function. Oracles are data feeds of reliable and accurate data that drive smart contracts.

   This partnership was only a matter of time and I’m thrilled to see it’s been announced. As I said on Twitter, I like Chainlink enought that I have a bag of LINK already.

   Input Output @InputOutputHK

   NEW BLOG: Announced just moments ago at #CardanoSummit2021, our collab with Chainlink Labs gives #DeFi developers #BuildingOnCardano secure access to a wealth of real-world data through Chainlink’s decentralized oracle networks @chainlink @Smart_Contract

   

   bit.lyCardano to integrate Chainlink oracles for real-time market data - IOHK BlogOur new collaboration will add additional support for developers building smart contracts for Cardano DeFi applications

3. IO Global is working on a new light wallet that provides A LOT of functionality. The user experience looks really slick. It sounds like this is expected in months, not years. Check out the screen shots of “Dan’s Wallet” below!

   No Central Authority @NoCentralAuth

   The new #Cardano Project One light wallet demo (browser extension) shown by IO Global on #CardanoSummit2021 -NFTs tab -Identity tab -Dapp Store & dApp installation -Vote directly from wallet -Multi-Currency (ADA,BTC,others) @InputOutputHK @IOHK_Charles

   

   

   

   

4. IOHK announced a $6M Africa Fund!

   Input Output @InputOutputHK

   #Cardano developer IOHK sets up fund worth $6m to help Africa’s #blockchain pioneers capitalize on lack of barriers from legacy infrastructure

   

   bit.lyCardano fund injecting $6m to support Africa’s pioneers - IOHK BlogInvestment will help entrepreneurs capitalize on lack of barriers from legacy infrastructure

5. Emurgo announced a $100M investment in the Cardano ecosystem!

   EMURGO @emurgo_io

   📣Just announced 🎉 EMURGO to invest $100M in @Cardano ecosystem to accelerate #DeFi, #NFT solutions and #blockchain education! - EMURGO CEO, @KenKodama_Biz @emurgo_io #CardanoSummit2021 $ADA

   

6. The summit wrapped up with “one more” news item. COTI platform is issuing the Djed algorithmic stablecoin on Cardano! This was described as coming in weeks with encouragement to check out this website (which is a little sparse on info at the moment).

Technical Analysis / Price Discussion

Zooming in a little more than normal to discuss how Cardano ADA behaved around the Summit.

ADA saw a nice price increase to a confluence of resistance right at the start of the Summit. After that, it saw a drop during Day 1 and then some sideways action during Day 2.

Seems pretty normal to me. People bought hoping for crazy news. Some sold a little because the news wasn’t earth-shattering.

If you zoom out like I did in Saturday’s newsletter, and consider that we’re about to enter historically bullish months of October - December, the situation looks pretty good to me (as long at the regulatory and Evergrande situations don’t get out of hand).

I’m looking for a breakout from the short-term channel shown below and the solid Wave 5 movement higher to begin in the next two weeks.

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.