Cardano Dan's Newsletter - Issue #45
Hidden Agendas
Quote of the Day
“Do not take the agenda that someone else has mapped out for your life.”
― John C. Maxwell
Lots of people have hidden agendas. This may be especially true in crypto. Money attracts all sort of people and crypto is flush with money right now.
When people have an agenda for you, or that impacts you, sometimes it won’t be clear that it even exists. Other times, it will be clear it’s there but unclear what it is.
When you’re consuming crypto-related information, you need to be asking yourself, “does this person have an agenda and what is it?”
This type of thought exercise will serve you extraordinarily well moving into the future, in crypto, and in certain situations in life too.
Let’s consider some agendas in light of recent news stories.
In The News
Shiba Inu (SHIB) is a meme token that’s been in the news lately. Here’s an article that covers the SHIB founders agenda in transferring half of the SHIB in circulation to Vitalik Buterin’s wallet. It then goes into Vitalik’s agenda in donating 50 trillion SHIB to the India Covid Relief Fund.
Charles also explores the possibility that someone could have a totally different kind of hidden agenda in gifting massive amounts of crypto in a “tax attack”
Elon Musk made HUGE news with this tweet that shook crypto markets in a big way.
Elon Musk has an agenda for EVERYTHING he does. He’s a very successful and effective strategic thinker and entrepreneur. There’s no question that there is a plan and agenda related to this tweet. Everyone is trying to guess what is is. Elon followed that tweet up with this one
I shared my thoughts about this on Twitter. Elon’s agenda isn’t full clear yet, but what is crystal clear is that he has one. A big one. You can and should consider everything he says with that in mind.
Cardano Updates
The Project Catalyst Fund5 Assessment stage is over. We’re now in the Assessment QA phase. NFT Key received really great scores from the Community Advisors!
Our prototyping and business development / collaboration efforts continue with high hopes that the community will fund our proposal.
I’ve been having numerous conversations with movers and shakers in the Cardano Community. There is A LOT going on behind the scenes. It’s what led me to tweet this yesterday.
This wasn’t some random tweet to try and inject positivity into the community. I truly believe that when you combine the technology of Cardano, with the demand for RealFi (DeFi in real life), and the massive efforts of the Cardano and developer community, big things are going to happen.
Technical Analysis
What a couple days it has been since my last newsletter! As a reminder, last newsletter I shared this tweet.
Fireworks happened just as expected! Check out this move!
Last time I talked about a near-term target of $2.42 ADA. That still seems like the most likely case to me.
A relevant data-point I’ve been considering recently is the run up in ADA that occurred prior to the release of Shelley.
Cardano’s Shelley release arrived in late July 2020. Here’s what the market run-up to that event looked like.
Barring some major outside force impacting the crypto markets (e.g. Regulation, Tax Increases, Interest Rate Increases), I expect very similar behavior in the lead-up to the Alonzo release.
What do you think? Will we see a crazy few months? Tell me below!
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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.