Cardano Dan's Newsletter - Issue #176

Seeds You Plant

Quote of the Day

“Don't judge each day by the harvest you reap but by the seeds that you plant.”

― Robert Louis Stevenson

I spent a lot time planting seeds in the Cardano ecosystem before any of them sprouted. Many of those days were long and exhausting and didn’t look very successful when viewed by their harvest.

But many of those seeds have since sprouted and the harvest has been good. So don’t be too hard on yourself if the day’s harvest isn’t great. Think longer term and measure today by the seeds that you planted.

In The News

1. The Supreme Court heard arguments about Federal vaccinations mandates today. Here are some observations from the days hearings.

2. The second-biggest Bitcoin mining country in the world, Kazakhstan, shut off its internet amid protects causing Bitcoin hash rate to go down 13.4% in the hours after the shutdown.

Cardano Updates

1. Some of the first AMM DEXs launching on Cardano are trying to manage expectations about what the initial user experience will be like. Sundae Swap says that it’s possible some transactions could take days when their DEX launches soon.

2. Guy from Coin Bureau covered Cardano in a video yesterday! His videos are always informative and it’s worth a watch.

Technical Analysis / Price Discussion

Markets have been trending down since December 27th or so. Cardano was breaking out against both BTC and ETH when the Fed rained on the parade.

If Cardano withstands this selling pressure and holds key support around $1.20 ADA, things could get really exciting for ADA as the first AMM DEXs come to market.

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.