Cardano Dan's Newsletter - Issue #79
Why Moon
Quote of the Day
“I think we’re going to the moon because it’s in the nature of the human being to face challenges. It’s by the nature of his deep inner soul… we’re required to do these things just as salmon swim upstream.”
― Neil Armstrong
I like any quote about going to the moon, but especially from the first person to walk on the moon.
We face quite a few monetary and fiscal challenges these days. Cryptocurrencies are, in many ways, about facing those challenges. Cryptocurrencies are also about swimming against the current. Most people in the space have been told they’re crazy more than once.
Facing challenges and swimming against the current isn’t easy. But when you do those things, often it’s because you’re responding to something deep inside your soul. And, hopefully, you’ll get to figuratively “walk on the moon” as a result.
Who knows, if you make enough money in crypto, you might be able to spend it taking an actual trip to the moon some day soon.
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In The News
Richard Branson went to space with five other crewmates Virgin Galactic’s space-tourism company “a step closer to reality.” They reached an altitude of 53.5 miles, enough to experience 3-4 minutes of weightlessness.
Virgin Galactic, Blue Origin, and SpaceX are all launching into the space tourism industry. It’s possible that commercial trips to the moon could be a reality in our lifetimes.
Congratulation to Italy for winning the European Championship! They beat out England after extra-time and penalty kicks. I love watching the Italians talk to the referees with their hands.
It was a great game and championship overall and it was a welcomed return to some sense of normalcy after all of the COVID lockdowns across Europe.
My condolences to all of the England fans. It was heartbreaking to see the team come up just shy playing in front of their fans. Your team had a fabulous tournament and should hold their heads high!
Cardano Updates
Alonzo White was kickstarted on July 9th! Smart contracts on Mainnet are so close I can smell them.
The Trybbles Special Reveal Edition NFTs sold out over the weekend! Series 1 will be coming in the near future.
You can join the Trybbles Discord server to make sure you get the details about numbers, rarity and distribution when they’re announced.
Technical Analysis / Price Discussion
It is near time that we find out which way we’re headed for the coming weeks and months.
The red downtrend and the green uptrend are forcing price action into a very tiny range. I shared over the weekend that I’m expecting a big move one way or the other soon.
I expect Cardano ADA to move higher, break above the horizontal resistance, establish that as support, and then reclaim $1.50 as support after that.
As I’ve been mentioning for weeks, I’m prepared for a downward move too, but don’t expect it.
Do you expect a big move soon? Leave a comment and let me know.
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.