Cardano Dan's Newsletter - Issue #64

Think Ahead

Quote of the Day

“When the well is dry, we know the worth of water.”

— Benjamin Franklin

Water is pretty important, when you need it and don’t have any, you understand how truly important it is.

Money is pretty important too. This statement implies that money retains its value. As you’ll see in the news below, some pretty smart and important people are beginning to get really concerned about how money is being handled these days.

We could translate Ben Franklin’s quote into something like, “When the value of money is destroyed, we know the worth of sound monetary policy.”

In my humble opinion, the two crypto projects with the best constructed monetary policy are Bitcoin and Cardano. Both have maximum supplies and both have clear expansion plans until that is reached and plans for sustaining the network after max supply is reached.

Think ahead and figure out the importance of things before you are forced to understand. It’s a recipe for success.

In The News

1. Michael Burry & Paul Tudor Jones are issuing warnings about the state of fiscal and monetary policy with Burry saying

   Cassandra @michaeljburry

   People always ask me what is going on in the markets. It is simple. Greatest Speculative Bubble of All Time in All Things. By two orders of magnitude. #FlyingPigs360

   and Paul Tudor Jones concluding, “buy commodities, buy crypto, buy gold.” These are some of the smartest and best performing investors ever. Might want to pay attention to what they have to say.

2. While Max Keiser continues to make ridiculous statements like “Cardano is dogshit” (see video below)…

   Spiritual Warlord @truthcrumbs

   Max Keiser opens his Sunday podcast talking trash about ETH, ADA, XRP — “they’re all dog shit”

   

   Michael Saylor is sounding more and more reasonable with this quote, “there’s a place for everybody” explaining how different cryptocurrencies have different purposes. It’s good to see people that are generally considered Bitcoin maximalists sound more inclusive.

Cardano Updates

1. Project Catalyst Fund 4 voting is now underway!!! If you are registered, make sure to vote and keep in mind that our NFT Key proposal is up for a vote in Fund 5 soon!

   Input Output @InputOutputHK

   Fund4 voting is now underway for #ProjectCatalyst!! 💪 You have until 25th June 11:00 UTC to vote on the projects you want to support & make your voice heard. Vote for one project or all – choice is yours. Here is all you need to know: reddit.com/r/cardano/comm… #Cardano $ADA

   

2. Chris and I announced a new partnership with the Trybbles Cardano NFT project yesterday!

   I loved how these guys looked from the first time I saw them and we jumped at the opportunity to work with this very creative team.

   Make sure to join the discord server to hear about the project’s background and learn about upcoming ways to get your hands on some Trybbles!

   Card₳no Dan 🇺🇸 🇯🇵 🇪🇹 🇹🇿 🌑 ADA @CardanoDan

   Chris & I are really excited to help bring the Trybbles #Cardano #NFTs to life! Be sure to follow @trybbles and join the discord server to stay up to date on announcements. discord.gg/cNABKWQq

   

   Trybbles @trybbles

   Trybbles are taking off with the MoonMan! @CardanoDan and Chris from @ReliableStaking have joined forces with us to bring Trybbles #NFTs exclusively to #Cardano We’re excited to announce this collaboration! (Details coming soon!) #NFT #CNFT #CardanoCreators #ADA #NFTCommunity https://t.co/SjQC3WEhco

Technical Analysis / Price Discussion

There’s not a lot of new information from a technical perspective. I’ve shared a zoomed out view below. As Michael shared, accumulation is really boring.

Michaël van de Poppe @CryptoMichNL

Accumulation is boring. Yes.

I completely agree, but it is necessary to set the stage for what comes next. I continue to think that’s another leg up in the bull market. As I look at the zoomed out view on Cardano ADA’s chart, things continue looking really bullish to me.

As I laid out in my weekly newsletter, I expect BTC to see some solid gains soon, and once that settles out after a good push, for Cardano ADA and other majors to run soon thereafter.

Cardano has the great luxury of SUBSTANTIAL fundamental news at the perfect time with the release of smart contracts coming soon, and lots of testnet news in the run up to that launch.

What do you think? Leave a comment below to tell me if you think I’m on the right track or totally out to lunch.

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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.