Cardano Dan's Newsletter - Issue #172
Human Connections
Quote of the Day
“Cherish your human connections: your relationships with friends and family.”
― Joseph Brodsky
I took a couple of days off from the newsletter. It was in the spirit of this quote.
Christmas and New Years are a time that we get to spend more time with family and friends than normal. Take advantage of this opportunity! It is a big part of what life is supposed to be about.
In The News
Thousands of flights were cancelled around Christmas as flight crews came down sick with Omicron. I read one report that people had 11 hour wait times to talk with their airlines to get reschedule. That’s sounds like torture.
Interesting article from CoinDesk suggesting that Portfolio Managers could get more interested in altcoins in 2022 as they become less correlated with Bitcoin because it makes for a better diversification play.
Cardano Updates
The Djed stablecoin is getting closer to launch and COTI provided a recent update on progress.
We’ve released a first look at Zombie Hunters! We’ll be releasing more big news about the upcoming January 2022 drop over the coming days and weeks.
Technical Analysis / Price Discussion
Cardano ADA has looked great over the last few days! It’s currently testing a level that’s been critical over the past 10 months.
The last time Cardano ADA broke through this level, it saw more than 100% gains in less than a month. That was when people were anticipating the launch of smart contracts.
Now smart contract adoption is here and we’re about to see DeFi brought to life on Cardano.
On the flip side, ADA has to contend with breaking through the 50D and 200D EMAs and some larger downtrend resistance, along with tapering and expected interest rate increases.
When I consider all the factors, I continue to like ADA’s chances of moving higher in a continued bull market. Need to break through $1.50 and reestablish it as an important first step towards that becoming reality.
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.