Cardano Dan's Newsletter - Issue #148
Music Speaks
Quote of the Day
“Where words fail, music speaks.”
― Hans Christian Andersen
I’m not a musician and many people love and appreciate music way more than me. Nevertheless, I appreciate music and get a lot of enjoyment out of it.
I enjoy dancing and for me, music is often about the energy and rhythm and less about the words.
But there moments in life where music is even more. God has used it to speak to me, comfort me and draw me close to Him. In those moments, “Where words fail, music speaks.”
In The News
Inflation surged to 6.2% over the last year which is a a 31 year high, the largest increase since 1990! This is no surprise to anyone that’s paying attention. I think it will get worse before it gets “better.” As I’ve said before, central bankers don’t have any good options left after years of bad decisions.
The SEC rejected the latest attempt at a Spot Bitcoin EFT. Not a huge surprise and not much of an impact on markets either way.
Cardano Updates
Input Output published a new blog about Optimizing Cardano. I’m a huge fan of gradual step-by-step adjustments. While it can feel too slow at times, it is absolutely imperative that changes are made in a reliable way.
Catalyst Fund 7 is open! Chris and I are exploring the challenges and doing some brainstorming.
#ProjectCatalyst Fund 7️⃣ is open 🎉 & it starts with the insight-sharing phase! 👉 Register cardano.ideascale.com 👉 Pick a challenge you have something to say about 👉 Post your insight This is NOT the time to post proposals. Proposal submission starts next week only. 👍
Technical Analysis / Price Discussion
It’s been an ugly couple of days for crypto since Cardano ADA broke out of it’s downtrend.
Price action is now testing the flipped level as new support. I personally think it’s been a great buying opportunity for anyone that’s bullish about Cardano, but of course I would feel that way.
I’m still expected a strong move higher in the coming days and short number of weeks. Do your own research!
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.