Cardano Dan's Newsletter - Issue #97

The Right Track

Quote of the Day

“Even if you are on the right track, you’ll get run over if you just sit there.”

— Will Rogers

Are you on the crypto railroad? Good for you! You on the right track.

But don’t just sit there. The space is moving very quickly. The people who will benefit the most are looking forward down the tracks to understand where things are going and to benefit from that foresight.

I intend to keep you up-to-date with this newsletter so you won’t get run over. If you like it, please share it with you friends!

Key Takeaways from the Past Week

Monday - Cardano Dan's Call to Action

Monday wasn’t a normal newsletter. Instead I issued a call to action to contact your Senators and fight for software and financial freedom in the United States. Many of you responded and I can’t say thank you enough. The fight for freedom continues and I’ll be sure to keep you updated as things progress in the House of Representatives.

Wednesday - The Score

Mid-week we talked about why it’s important to focus on the process instead of the score and we celebrated the approval of NFT Key funding in Fund 5 of Project Catalyst. I can’t wait to share with you some of the exciting things we’re working on for NFT Key!

Friday - Bold Discovery

Friday, we talked about the importance of being bold if you want to discover something big. To that point, we also shared the date that results from many bold discoveries… the Alonzo hard fork bringing smart contracts to Cardano will happen on September 12th!

I also issued a call to action for U.S. Citizens to contact their Senate representatives to stop the crypto regulation insanity. Many of you responded. Thank you!

Technical Analysis

What a week for Cardano ADA! Even though I’ve expected a return to these levels, I didn’t expect it this quickly.

Check out the ADA chart below from the start of the bull run in March 2020. It is pure fire! If you bought the dip, you’ve already seen a 100x. If you dollar cost averaged during 2019, you’re at a 50x return.

ADA is looking like it wants new all-time highs any moment. So strong. I could see it doing that and I can also see it putting volume in between $2 & $2.50. Either way, I’m personally confident we have started Wave 5 of the bull run and that it will establish significantly higher highs before we’re all said and done.

Looking at the crypto majors performance since March 2020 lows. What a week for Cardano ADA! I’ve been telling folks to watch out for the impact form the upcoming Alonzo hard fork. Here it is!

Finally we look at our Bitcoin and Ethereum comparisons using market cap ratios.

As I said last week

Cardano ADA appears to be at very interesting support levels when comparing to both BTC and ETH. Combine that with the release of Alonzo in just a few weeks and I expect ADA to gain some ground against Bitcoin and Ethereum soon.

Ladies and Gentlemen, I present Exhibit A in “Gain some ground.” I mean, WOW! I am so excited for the coming days, weeks, and months! Calling me a Cardano bull is an understatement.

That’s it for the weekly recap. Hope you all have a great rest of your weekend!

Before You Go

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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