Cardano Dan's Newsletter - Issue #168
Mighty Trunk
Quote of the Day
“From a small seed a mighty trunk may grow.”
― Aeschylus
My grandfather used to say, “Big things come in little packages.” That’s always stuck with me.
It’s incredible what can grow out of a small seed too. All it needs is time and the right environments, and before you know it, there’s a mighty trunk.
What small seeds do you need to plant or care for? Maybe it’s relationships, education, health, finances. It could be anything, but there’s definitely a small seed or two in your life today that is meant to turn into a mighty trunk some day.
In The News
The Federal Reserve released its much awaited updates to its tapering plan and interest rate hikes on Wednesday. Market quickly moved higher on the news but have since retreated a little bit. I’ve gotten to the point where I think the whole thing is a tremendous waste of time. Our financial leaders are clueless, frauds, or in the worst case, both.
Filed under, “I didn’t see that coming”… Justin Sun is retiring from Tron (I saw that coming) to become the ambassador of the Grenada government to the World Trade Organization (yep, that’s the part I didn’t see coming).
Cardano Updates
Charles’s week of silent retreat is coming to an end today. I can’t wait to see what he has to say after all this time of not talking!
The Zombie Coins snapshot is complete and the website has been updated so that you can lookup your Zombie Coins eligibility based on the snapshot!
The Zombie Coins Sale will take place between DEC 19 1200 UTC - DEC 20 1200 UTC. During that window of time, snapshot validated owners will be able to send 10 ADA to purchase coins as identified by the snapshot and receive corresponding Zombie Chains Points. More information is available in the Discord Server.
Technical Analysis / Price Discussion
The long-term Cardano ADA support levels are becoming really important. They’re being tested over and over again.
I don’t want to see that continue if ADA is going to hold above those levels. But so far, they’re holding very strong.
In situations like this, important levels are often lost for a short time to shake traders out (and liquidate leverage traders) before markets reverse higher.
We shall see. As I said on twitter, it’s a VERY interesting time for markets right now. Macro economic outlook is very uncertain and Cardano is going to see major fundamental and adoption progress over the near-term weeks and months.
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.