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Blockchain Weekly - Issue No. 4

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BlockHash Research

March 8 · Issue #4 · View online

Covering the latest topics that move the market, chart signals that you should watch, the best low cap crypto projects and much more!


This week I want to take a step back from Bitcoin since we’ve already covered it copiously in the previous issues. There’s an altcoin in particular that is making headlines and that I have been tracking for years. I think it has the potentially to legitimately displace Ethereum as the premier blockchain in the world (perhaps even be the legendary ETH killer).
I’m referring to Cardano, the academically studied and tested blockchain that Charles Hoskinson and IOHK have been working on for almost 4 years now. They are in the middle of fully launching their Mainnet and Goguen will finally bring Smart Contracts to the protocol.
Dubai’s FD7 Ventures, which recently allocated $750M in funds to Cardano and Polkadot, has gone on the record to predict a 20x Cardano price in 2-3 years. The reasoning is that platforms like Cardano are poised to receive an unparalleled amount of institutional funds and could fundamentally change the world with blockchain.
With Ethereum struggling to migrate over to ETH 2.0, accruing higher fees and detracting creators, Cardano has a real opportunity amidst a “Crypto Boom” to grab a significant portion of Ethereum’s market share.
So let’s dive into Cardano and what I think will happen in the near future. For more charts and deeper insight, be sure to subscribe to Blockchain Insider (scroll down for more details).

Bitcoin (BTC)
Looking at the daily Cardano to Tether chart, I have my sights set on the ultimate $2.00 mark. And good news! We have a shot to get there this Spring! But a number of things need to happen. So let me explain the positives and negatives for this move.👇👇👇
Bullish Prediction:
Cardano is still in an upward funnel that has been going since the beginning of this year and there is no reason for it to stop quite yet. With the launch of Goguen, smart contracts, native assets and more, Cardano should push higher. There is also the possibility we see a corporate, government or institutional liquidity injection on the Q1 balance sheet. Who knows! Key things to watch are the MACD crossing in the next week and breaking resistance levels at $1.18 and $1.35. If those things happen, $2.00 is highly likely by around April 8th.
Bearish Prediction:
On the other hand, if Cardano falls under the $1.08 floor (ignoring the flash crash) and the MACD doesn’t cross, we could see a correction phase. If this occurred, Cardano could drop as low as $0.80 and we may not see $2.00 until Fall or EOY. I don’t think a Bearish move is likely just yet, but you can’t rule anything out in this volatile sector.
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Like what you see in Blockchain Weekly? Then I’d recommend the premium version of the newsletter, Blockchain Insider.
This will give you more advanced charts and more crypto picks every week. An emphasis will be placed on deep market research into specific, trending topics of the week, key indicators using a variety of studies to gauge breakout patterns, my top picks with the best fundamentals and statistics for those that like to dig into the weeds.
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👇👇👇
Listen to the BlockHash Podcast 🎙
Want to learn more about Blockchain and what’s being built on top of this incredible new technology? Give the Podcast a listen! Every week I interview new CEOs, Founders, Authors, Economists, Government Officials, Artists, and Influencers/Personalities in the space.
Stay tuned for the newsletter next Monday and thanks again for being a subscriber! Feel free to email me with any questions or suggestions you may have. Have a killer week trading!
Brandon Zemp
brandonzemp@blockhashresearch.com
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