Cardano Dan's Newsletter - Issue #143
Home Runs
Quote of the Day
“Yesterday's home runs don't win today's games.”
― Babe Ruth
Hitting a home run is great. It’s something to truly celebrate. Sometimes a home run is so big it might even be a grand slam at a pivotal moment in the season. That’s REALLY worth celebrating.
BUT, once the celebration is done, it’s time to get back to work because… yesterday’s home run don’t win today’s games. And today and tomorrow have plenty of games still to be played.
In The News
The US Treasury issued a much awaited StableCoin Report “recommending that Congress enact a law to treat StableCoin issuers like they’re banks.”
Quentin Tarantino is offering scenes form “Pulp Fiction” as NFTs and developers of former powerhouse media companies like Activision, Disney and Lucas Films revealed a NFT-powered video game.
This is just a small sampling of daily headlines about how NFTs and the Metaverse are transforming entertainment and life in general.
Cardano Updates
CNFT.io, the biggest Cardano NFT marketplace, launched a major upgrade that includes auctions and offers. Their twitter account said this version would run for just a short time before they turn on smart contracts.
Massive changes are happening in the Cardano ecosystem even before the Plutus Application Backend is released.
🚀 Significant upgrades have been completed on CNFT.IO with refinements taking place now. Offers & Auctions are now live! We will run this version for a short while before turning on Smart Contracts. Please report any bugs: support.cnft.io Continued..
Cardano surpassed 2 million ADA wallets recently! Real adoption and growth is happening as we speak.
Technical Analysis / Price Discussion
Last newsletter I explained what “Barting” is and said
I’ve been watching recent price action and thinking that we may see something similar soon to return us back to the 50 & 100D EMA levels.
This was the chart I showed two days ago.
Ladies and Gentlemen, I proudly present to you - the completed Bart!
I’m now curiously watching to see if the 50D EMA region becomes resistance once again or if Cardano ADA takes off on an explosive move right away. I could see either one of those options happening.
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.