Cardano Dan's Newsletter - Issue #95
The Score
Quote of the Day
“The score takes care of itself.”
― Bill Walsh
I’m reading a book called Atomic Habits because I need to improve some of my habits. This industry sucks you into social media and then you end up using your time inefficiently. I need to make some improvements.
Any way, the book talks about how some people get focused on goals and objectives when instead they really need to do is focus on process instead. Improve your system and process and the results will come.
It’s a perfect explanation of the reason for Cardano’s growing success. Cardano has THE BEST system and process. The results are about to show.
In The News
Thank you to everyone that fought so hard to protect crypto innovation, software development rights and financial freedom in the United States!
The fight has moved on to the House of Representatives. Politicians think that people will just give up, lose interest, and stop fighting for their rights. Prove them wrong!
Here’s a quick summary on where things stand:
Poly Network experienced the largest ever DeFi hack yesterday. It’s a reminder that there are very bad actors and some substantial risk in the cryptocurrency space.
Please take care in everything you do and don’t put all of your eggs in one basket. No project is totally safe and protected. Even the ones that spend a lot of time working to do things right like Cardano. Stay safe out there!
Cardano Updates
NFT Key was approved for funding by the community as part of Project Catalyst Fund 5 voting! Here’s a full list of approved projects.
We are already hard at work making NFT Key a reality and can’t wait to bring it to life for the community. Thank you all for your support!
Cardano-based project token prices have taking off in recent days. This has occurred at the same time that Cardano ADA has seen a very nice lift in price too.
I’m not going to mention any specific projects here, but I will say that this is an area you should be paying close attention to. Do your research and look for good teams with quality technology and backing.
Technical Analysis / Price Discussion
What a day yesterday for Cardano ADA! I said on July 29th,
Either way, I’m still expecting ADA to reclaim $1.50 by the end of August.
We’re not even halfway through August and ADA not only reclaimed $1.50, it surged to $1.70 yesterday!
Normally, you would expect a retest of $1.50 as support and conditions are definitely overbought. However, I’m not sure we’ll see that retest. We certainly could, but the market feels to me like it wants to move higher with confidence.
It would be healthy to put in some volume between $1.50 and $2.47 (prior all time high). I’m not sure if that will happen or not.
Something I do think is worth considering. The $1-$1.50 region may have just become VERY STRONG support for a future bear market low. Something to keep in mind.
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.
Recently read Atomic Habits this spring. I found it changes the way I look at each day, with its own unique challenges in the face of routines we build to conquer them. Focus on the process and watch your growth over long periods of time!