Cardano (ADA-USD) Founder Charles Hoskinson laid out some network growth plans for 2022, he explained on Christmas Eve via YouTube.
Since then, Cardano (ADA-USD) tokens climb more than 10% to its highest level seen since the beginning of November, now changing hands at around $1.56 per coin.
"My goal for the second half of 2022 is to figure out how to put all the pieces together to get an end-end microfinance transaction on Cardano," Hoskinson said.
Additionally, an open-source project structure will be formed next year, "kind of like Hyperledger to Linux," he added.
Developers are also working on Cardano Improvement Proposals, including human-readable information for assets issued on Cardano and a native web wallet for interacting with decentralized finance protocols, to go live in 2022.
On testnets, which allow developers to test out features and applications before they go public, "peer-to-peer is currently being tested with the stake pool operators on the testnet, and there's lots of stuff happening there."
Meanwhile, Cardano (ADA-USD +8.5%) and Uniswap (UNI-USD +13.1%) perform the best intra-day among the top 20 largest cryptos by market cap.
See why analysts think cryptos will continue facing increased adoption growth and price volatility next year.

Details: https://seekingalpha.com/news/3783406-cardano-founder-charles-hoskinson-outlines-2022-network-growth-plans-tokens-climb?utm_source=coinmarketcap.com&utm_medium=referral

Bitcoin’s bullish momentum saw Litecoin climb in recent hours as well. On the charts, LTC has posted a 15% rise above the $143 lows to trade at $163.9 at press time, which was impressive. Litecoin bulls still have a long way to go before calls for $200+ can materialize.

If bulls manage to establish $163 as an area of demand in the days/weeks to come, the gains of October might once again be achievable.


The price action in December saw multiple tests of the $140 area in search of buyers. This level held as support and has also served as support in September and major resistance in June, marking it as a significant level.

Similarly, the $163 area (lower red box) has been tested multiple times as both, an area of demand as well as one of supply, since August. At the time of writing, this was the area that the LTC bulls and bears were fighting to control.


However, trading volume has been slightly lower than the previous months’ tests of this area. Above the $163 area lay the 23.6% retracement level at $176. This level was plotted based on LTC’s dive from $413 in May to $103 in July.

LTC has to climb above $163 and $176, and buying volume has to be witnessed before LTC can be said to have bullish strength on higher time frames.

Details: https://ambcrypto.com/for-litecoin-this-would-be-the-first-step-toward-recovery/