Cardano Dan's Newsletter - Issue #84
Great Adventures
Quote of the Day
“When a great adventure is offered, you don't refuse it.”
― Amelia Earhart
I love adventures and have embarked on my fair share of them. Whether it’s an adrenaline rush like bungee jumping (have done one of the world’s highest commercial jumps) or an international adventure (visited more countries than my hands and toes can count), if you offer me a great adventure, I’m going to have a really hard time passing it up.
There’s no doubt that my penchant for adventure has contributed in a big way to my interest in Cardano. Cardano is building a protocol and ecosystem that could legitimately form a big part of the future financial framework of the world.
One of the coolest parts about the blockchain and cryptocurrency adventure is that it’s open to everyone. This isn’t always true with world-changing technologies. Literally anyone can participate in the Cardano network. Adventure is calling your name. Make sure you answer the call.
In The News
Jeff Bezos went to space on Blue Origin’s New Shepard rocket. I’d have to think long and hard if I was offered an adventure like this. Crazy to think that it could soon be “normal” for regular folks to travel to space.
In a growing story, news reports are covering how military-grade spying software was used in hacks of journalist, business executives, and more.
You should already know that cell phones track pretty much everything you do on them. Did you also know that advanced spying software can remotely “activate cameras and microphones for real-time surveillance.” Scary stuff.
Cardano Updates
Cardano native assets / tokens are coming to an exchange near you soon. Stop and think about this. We are so very close to a massive moment.
This is HUGE news. #Cardano native assets are beginning to list on exchanges. The #crypto world will look very different this time next year.We are delighted that our Cardano-based #OCC token (OCCADA) will be the first #Cardano native token to list on @BitrueOfficial - or any exchange for that matter! Massive news for the entire ecosystem $ADA #Blockchain #token🚀@CardanoStiftung @IOHKMedia @emurgo_io https://t.co/gLzgF4NKbI
OccamFi @OccamFiProject Catalyst voting is just 1 day away! If you’ve registered for Project Catalyst, you’ll be able to vote for our NFT Key proposal.
NFT Key was covered in the past couple of days by both Kaizen Crypto and AdaPulse. We’re trying really hard to get the word out about our service that will enable new use cases on Cardano that will help grow the network.
Please share the news about NFT Key with Cardano contacts you know that are registered to vote!
Technical Analysis / Price Discussion
Last newsletter I shared:
I think the highest probability right now is that we lose [$30K Bitcoin & 200D EMA for Cardano ADA] in a “capitulation”-like event and then reverse higher with strength in the coming days/weeks.
We did in fact lose those levels yesterday. There was some decent volume, but not a “capitulation”-like event yet.
Cardano ADA was left sitting on top of $1 support. It’s been a really strong support level in the past.
After sitting above $1 support for less than a day, we sold a strong move back above the 200D EMA with some decent volume, still not a ton of it though. Bitcoin also moved back above $30K, but there wasn’t anything impressive about that volume.
I’ve said this before, cryptocurrency markets love to do the unexpected. Everyone was waiting for a huge drop after breaking $30K support. It would be totally fitting for that not to happen.
It’s too early to say whether or not we’ve reached the turning point many are looking for. For that to be the case, we really need to see Cardano ADA reclaim the 50D EMA as support and clear $1.50 to know that we’re into the next wave up.
Do you think $1 Cardano ADA will hold as support? 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.