Cardano Dan's Newsletter - Issue #150
Quote of the Day
“The tipping point is that magic moment when an idea, trend, or social behavior crosses a threshold, tips, and spreads like wildfire.”
― Malcolm Gladwell
Malcolm Gladwell wrote a great book called Tipping Point. I reference it frequently. It’s a powerful concept to be aware of as you try to achieve adoption of a new technology or product.
So my question to you all today - where do you think blockchain in general, and Cardano specifically, are with respect to a tipping point? Has it already happened, is it within the next year, or will it be this decade?
When you get to the end of today’s newsletter, please click the “Leave a Comment” button and tell me what you think.
In The News
Taproot, a long-anticipated Bitcoin upgrade, has activated. Taproot opens up new development possibilities on Bitcoin.
Stablecoin regulations are likely coming in 2022. I highly recommend watching this Coin Bureau update on the topic.
Charles is back from Africa and he did a little AMA yesterday. Perspective. That’s what I noticed in his musings before answering questions.
It’s impossible to travel around the undeveloped world without gaining some perspective. When I’ve traveled countries like this, I return to the U.S. with the same thing.
I can’t overemphasize the important of it. IMHO, perspective like this will make Cardano one of the best and most-adopted cryptocurrencies.
Input Output released its mid-month development update on Friday. It includes updates on PAB progress, P2P networking, and network optimizations coming over the next several weeks.
Technical Analysis / Price Discussion
I’ve gotten really bullish over the weekend. I was already feeling that way, but now I’m expecting big things to happen momentarily.
There are a bunch of technical reasons for this: we hit the .618 fib retracement from the last move, we broke out of the downtrend resistance, fundamentally we’re about to see big developments with the release of the PAB.
But it’s something bigger than that too. I just sense it’s time. That’s not a TA kind of thing. It’s just my gut feel. I hope it’s right.
And based on how previous breakouts worked, when this one happens, I don’t think there will be a dip to buy.
Good luck and 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.