Cardano Dan's Newsletter - Issue #99

Be Yourself

Quote of the Day

“Be yourself; everyone else is taken.”

― Oscar Wilde

Are you looking to find your place in the crypto ecosystem or maybe the world in general? Don’t look to other people as exact models to replicate.

You are your own person! Learn to understand your own personality, strengths and makeup. Try a bunch of things as early in life as possible to learn what you enjoy and what you don’t.

Then narrow those things down and invest in the areas you enjoy, that can create some wealth, build people up around you, and play to your strengths and personality.

One of those things will likely jump out as a thing to go into with all of your heart. Do it. Above all else, be yourself because everyone else is taken.

In The News

1. White hat hackers are software and IT specialists that find vulnerabilities and help repair them before others can exploit them. A major SushiSwap smart contract hack was prevented by a group of white hats on August 16th. Within 5 hours, their actions saved up to $350 million in ETH.

   Something for people to be very aware of is that with smart contracts, “safe components can come together to make something unsafe.” This is true on Cardano even with significant improvements in the way smart contracts work. Developers need to work with care.

2. The Dogecoin Foundation has been reestablished after 6 years. The Advisory Board includes Vitalik Buterin! I don’t think this is a joke, but who knows with DOGE.

Cardano Updates

1. Is Cardano “the green blockchain?” Checkout this Input Output blog post to see why many people think that it is.

2. The Cardano NFT secondary market is on fire. Here are a couple examples.

   David King @theuttermost

   🚨 #cNFT Market Alert 🚨 Berry Moss sold in auction for 25,022₳ ($49,500) 🤯 Why are berry's so valuable? 🏆 1st ever #NFTs minted on #Cardano 💯 Only 100 in existence 😎 Created by the famed @berry_ales (co-founder of @spacebudzNFT and creator of @NamiWallet)

   

   Beastlorion @Beastlyorion

   I just sold the first Super-Rare Trybble on the Cardano Blockchain for 850 $ADA(~$1785). Congratulations to the new owner and thank you for participating in this historical moment with me! .@trybbles

   

   I’m hearing unsubstantiated rumors about super high offers for an ultra-rare Trybble. Hard to know if they’re true unless it actually sells. We shall see!

Technical Analysis / Price Discussion

I tweeted this yesterday:

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

This is just what you want to see from #Cardano $ADA. After a very strong run up from $1, some overbought relief has been found on lower volume and 4 hour RSI is back to 50. Love it.

It’s really healthy to see a small pullback after the recent run resulted in very overbought conditions. On the daily time frame, we’re getting close to levels from which the run up can continue.

ADA is currently testing $1.90 as support. If that level is lost, $1.55 looks like a great buying opportunity to me. On the other hand, if $1.90 holds and the advance continues from there, that is super bullish.

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.