Cardano Dan's Newsletter - Issue #18
March 27th, 2021 - Weekly recap and look ahead
Welcome to the quick-hitting newsletter about Cardano, Crypto Trading, Blockchain, Monetary Policy, & Data Privacy.
Weekly recaps are about pressing pause and taking stock of where we’ve been and where we’re going. If you enjoy it, please share it with others when you get to the end!
Today’s newsletter is sponsored by Cardano Dan’s Moon Merch Shop.
Pick up some Moon Merch today to show off your support for Cardano!
Items are affordable priced and FREE SHIPPING in the United States with affordable International shipping.
Quote of the Day
“The people who are crazy enough to think they can change the world are the ones who do.”
― Steve Jobs
Weekly newsletters aren’t just about looking back, they’re also about looking forward too.
Steve Jobs put his mark on the world by being confident enough to think he could change it. The passionate folks in the Cardano community are crazy enough to think they can do the same. I’m one of them.
Key Takeaways from the Past Week
Monday - Standing on Cardano's shoulders
Cardano will become a springboard for other revolutionary technologies in the decades to come. An example is Artificial Intelligence. Ben Goertzel, the former Chief Scientist of Hanson Robotics at the time Sophia was created, is moving SingularityNET from Ethereum to Cardano because of the game-changing capabilities Cardano provides. Read more here.
Wednesday - AI - To fear or not to fear
It’s hard to talk about Artificial Intelligence without addressing the question, “Will AI cause mass destruction or take over the world?” I shared a few thoughts about why I think this is a legitimate question and why I also think that the threat of AI can be overstated.
Friday - Very BEST Cardano 360 Summary
I ended the week summarizing the 3 1/2 hour monthly update! That’s a long update and a lot of ground was covered. The BIGGEST news was the timeline for the release of Alonzo marking the culmination of Goguen.
We should have a tentative date for the HFC event at the end of April and the tentative date is expected to be late July (at least 4 weeks after a code freeze expected at the end of June).
Look Ahead
Next week we’re going to cover some ground on Decentralized Finance (DeFi). Understanding what’s happening with DeFi is absolutely critical to understanding the power of Cardano.
Technical Analysis
Here are several of my most recent price related tweets:
It’s really bullish for a cryptocurrency that has outperformed it’s peers to consolidate at much higher levels. It’s much more common to see a spike and then a massive drop (what folks like to call a pump and dump). This shows tremendous strength.
That strength is most important when viewing Cardano’s performance in direct pairs against Bitcoin and Ethereum. The fact that Cardano has flipped multi-year resistance and tested it as new support is REALLY REALLY important.
When you take the two prior tweets as context looking at the shorter-term picture, you get a really bullish view. Cardano is currently in an ascending triangle pattern. These are usually bullish continuation patterns. Given Cardano is clearly in a bull cycle and showing tremendous strength, that gives the normal behavior of this pattern an even greater likelihood of coming to fruition.
Follow all of that up with the release of the Alonzo roadmap which will provide 3 months of opportunity to “buy the rumor” and an upcoming Africa Special sometime in April, and I’d say the “future’s so bright, I got to wear shades.”
I think we easily see $2 before the end of April. After a call like that, I’ll remind you to read my disclaimer at the bottom of the newsletter.
Did you enjoy this newsletter? If you’re not yet a subscriber, please subscribe today to get these newsletters delivered right to your inbox.
Comments are turned on for this post. I’d love to hear your thoughts, questions, feedback, and reflections below!
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