Cardano Dan's Newsletter - Issue #159
Unlikely Places
Quote of the Day
“Courage is found in unlikely places.”
― J. R. R. Tolkien
The world needs as much courage as it can muster. Fortunately, courage is found in unlikely places.
This quote is from Lord of the Rings and is meant as an encouragement to Frodo Baggins in a time of discouragement. As so many people in the Cardano community are discouraged by price, let me encourage you, “Courage is found in unlikely places.'“
In The News
Jerome Powell said that inflation is no longer just transitory. Who knew? /sarc
Powell also said the Federal Reserve will discuss in December whether or not to accelerate the tapering plan. Bond markets immediately signaled that the Fed is making a policy mistake.
Cardano Updates
Cardano will see the first in a program of network adjustments to help support future growth in traffic today! The changes include a 12.5% increase in block size and a 12.5% increase in Plutus script memory units per transaction.
Cardano received some positive press form Cointelegraph about ISPO use cases. Unfortunately all of the ISPOs are making it difficult for non-ISPO stake pools to survive.
We greatly appreciate delegators trusting our stake pools to deliver reliable and consistent performance and rewards! We are working towards a way of uniquely recognizing our supporters soon. RELY on Reliable Staking and Cardano DAN2 grow your ADA!
Technical Analysis / Price Discussion
I’m so confident a breakout is about to happen that I can’t stop tweeting about it and I can’t stop watching my charts.
Price action bounced hard off of a very important $1.50 support and is clustering below the resistance side of a short-term downtrend channel.
You can even see I have an alert set to notify me when the break happens in case I’m busy doing something else when it does.
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.