Cardano Dan's Newsletter - Issue #63
Do & Dare
Quote of the Day
“The person who goes farthest is generally the one who is willing to do and dare. The sure-thing boat never gets far from shore.”
— Dale Carnegie
I’ve always been willing to do and dare. It’s part of my makeup and has served me extraordinarily well.
Have I sunk a few ships, so to speak, along the way? Sure have. But I’ve also gotten quite a ways from shore too.
Are you looking to do something important or influential in life? There’s no way around it, you’re going to need to do and dare. It’s the only way to get far from shore.
Are you looking to find a way out of the insane monetary and fiscal policies of our day and age? Crypto offers you another opportunity to do and dare.
It’s possible you may sink your boat… but it’s also possible you’ll discover a whole new world just waiting to be discovered.
In The News
Real estate transactions via cryptocurrency are happening more and more often. A new record was recently set when a Miami condo was purchased by an anonymous buyer for $22.5 million dollars using cryptocurrency. Pretty cool.
Jack Dorsey has been tweeting about Nigeria and Bitcoin in recent days.
With the exciting news about Bitcoin and El Salvador, you can already see the shifting focus to cryptocurrencies and Africa. Cardano has been working to this end for years already. 4D chess.
Cardano Updates
In a recent blog post, IOHK outlined how they’re researching “Stablefees” to “offer fair and predictable transaction pricing.” It’s a meaty blog post to be sure.
My big takeaway is that Cardano continues to be a leader in the space. The IOHK research team continues to tackle novel ideas and concepts in ways that are tightly integrated into the Cardano protocol in game-changing ways.
Charles’ interview with Lex Fridman will be released this week. I can’t wait to listen to it. I expect it to be really interesting, increase visibility of the project, and open a lot of eyes.
I’m also hoping that Lex asked my question for Charles! We shall see.
Technical Analysis / Price Discussion
All of crypto, led by Bitcoin, had a great day on Sunday. If you read my newsletter from Saturday, this wouldn’t have been a surprise.
I do expect Bitcoin to continue to lead for at least the beginning of this week, if not longer. Lead meaning, see larger gains than other majors.
In the meantime, Cardano ADA remains in a range between $1.89 and $1.34. While ADA got close to dropping below a recent low, it didn’t. The “higher low” structure is still in place. As long as ADA remains above $1.34, that is true. ADA now needs to see a move to above $1.89 to put a “higher high” in place.
ADA did break out of a downtrend within the range and I’m thinking the odds are in our favor that ADA advances towards the red line to make an attempt at a new higher high.
What do you think? Is ADA more likely to see a new higher high or lower low first? Tell me in the comments below.
Do you know anyone that would benefit from my newsletter? Please share it with them today!
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.
Hey Dan, Why do you think ADA took a sharp drop in the last few hours to 0.43 and then right back up to 1.55?