Cardano Dan's Newsletter - Issue #155
Quote of the Day
“In the time of darkest defeat, victory may be nearest.”
― William McKinley
Many people watching Cardano price action are feeling defeat lately. At the same time that coins like SAND are going up 600% in a month, ADA is seeing significant declines.
I’ve experienced emotions like this in crypto more times than I can count on my hands. This quote is so true, often times in the time of darkest defeat, victory may be nearest. Major smart contract adoption is literally right around the corner.
In The News
SAND, the metaverse token, is up almost 600% in the last 28 days. Here are my quick thoughts on that.
eToro announced limitations for ADA and TRX users in the US.
The changes are “due to business-related considerations in the evolving regulatory environment.”
After researching and discusses with other community members, this appears to me to be a eToro business decision and not a response to perceived regulator action against Cardano.
Unfortunately, those opposed to Cardano are quick to turn this into misleading headlines and markets are quick to react to those headlines.
Cardano network parameters will be updated on December 1st to increase network capacity and performance. Cardano’s slow and steady approach to development and updates is intended to avoid major failures like other networks have experienced. So far it’s working well in my opinion.
The world’s largest DAO keeps chugging along. People interested in submitting Fund 7 Project Catalyst proposals have less than 2 days to submit their draft proposals.
Technical Analysis / Price Discussion
Cardano ADA price action has looked REALLY ugly lately. There is no way around it. It’s almost impossible to imagine that ADA would be the top performing crypto major for this bull run.
And yet, it still is. Remember, “In the time of darkest defeat, victory may be nearest.” Keep your perspective. DEXs launch soon.
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.