Cardano Dan's Newsletter - Issue #25

Together is Better

Quote of the Day

"Alone we can do so little; together we can do so much."

— Helen Keller

Lately it’s been hard to keep up with all of the news in the Cardano ecosystem. There is SO MUCH going on.

Fortunately, no one person needs to be on top of it all. The Cardano community is full of tremendously talented people. And they’re partnering together to build the coolest things and springboard off of each other’s work to accomplish even bigger and better things each month.

We are better together. That’s one of the reasons I partnered with Reliable Staking on our Stake Pool Operation. We are better together as a stake pool operators and now we’re getting ready to submit a Project Catalyst proposal together. Stay tuned for more information about this soon!

Are you looking for a new stake pool? Please consider RELY by Reliable Staking. RELY is in the midst of a smoking hot epoch right now.

Cardano Update 2 below is another example of how teamwork is showing up in the Cardano community and Project Catalyst.

Cardano Updates

1. IOHK is out with another blog post, this time describing the next protocol upgrade on Cardano called Alonzo, and how that will enable smart contracts.

2. Rick McCracken hosted members of the West Africa Decentralized Alliance on Cardano Live to talk about Project Catalyst Proposals.

In The News

1. Peter Thiel made news when he said that China could use Bitcoin as a “financial weapon” against the US. It made less headlines, but he also said China has tried to use the Euro in the same way. Thiel is brilliant and his thoughts shouldn’t be quickly dismissed.

2. Nathaniel Whittemore covered Thiel’s take on his podcast The Breakdown. It’s worth a listen.

3. Assuming that piqued your interest, take a deeper dive on global macroeconomics with some of the smartest minds around on the The Investor Podcast. It’s an episode from last summer, but still very relevant.

Technical Analysis

Cardano ADA has a beautiful flagpole and pennant. At the risk of sounding like a broken record, I’ve chosen to ignore the Coinbase pump on purpose because I think it represents an outlier.

The pennant is forming just above the 50D EMA and it appears that we’re in the process of breaking out of the pennant to the upside which is to be expected with a continuation pattern like this. Expect volume to spike when the break-out happens.

Doesn’t hurt that we’re going into the generally bullish 48 hours of Friday and Saturday. Still looking for $2 Cardano ADA before the end of April.

Alternatively, I could see consolidation continue. You should always be prepared for you base case to be proven wrong. In an alternate scenario, I could see the 50D EMA tested before an advance higher.

Overall, I see a lot more reasons to be immediately bullish than anything else right now.

Before You Go

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Also, I’d love to hear your thoughts, questions, and feedback.

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.