Cardano, Polkadot Jump as Bitcoin Holds Above $50K Major
  The latest moves in crypto markets, in context Edited by Bradley Keoun (Substituting for Omkar Godbole) December 27, 2021 Sponsored by  If you were forwarded this newsletter and would like to receive it, sign up here.
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Market Moves By Shaurya Malwa The tokens of Cardano (ADA) and Polkadot (DOT), two rivals to the Ethereum blockchain, led gains among major cryptocurrencies amid a muted recovery in broader digital-asset markets on Monday.
Bitcoin (BTC) and ether (ETH), the native cryptocurrency of Ethereum, regained price levels from Friday after seeing a slight dip over an otherwise quiet Christmas weekend.
Bitcoin failed to break above the $51,000 resistance level on Saturday and fell to $49,700 on Sunday, but traders have since bought the asset back to last Friday's $50,900 level.
ADA gained 9.5% in the past 24 hours to reach a resistance level of $1.56 during European hours on Monday. The move came after Cardano founder Charles Hoskinson spoke of improved network enhancements in 2022 and efforts for more adoption of ADA in countries such as Africa in a public broadcast. Full story here:  Price chart for Cardano's ADA token over past month. (CoinDesk) Cardano Founder Charles Hoskinson Lays Out 2022 Plans
Charles Hoskinson, the founder of Cardano and IOG, its development foundation, revealed some of the plans for the network's growth in 2022 in a 30-minute Christmas Eve talk on YouTube from his home in Boulder, Colorado.
"My goal for the second half of 2022 is to figure out how to put all the pieces together to get an end-to-end microfinance transaction on Cardano," Hoskinson said.
The Cardano founder said a structure that oversees the creation of decentralized products on the network would be introduced.
"A formal open-source project structure is going to be formed, kind of like Hyperledger to Linux," Hoskinson said.
Cardano, founded in 2015 and launched in 2017 as an alternative to Ethereum, is a proof-of-stake blockchain that relies on network validators to process transactions for ADA, its native currency, and maintain the network. It is the sixth-largest cryptocurrency with a market capitalization of $51.18 billion at the time of this writing. Full story here:
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Crypto Prices Bitcoin (BTC) See the latest price here Ether (ETH) See the latest price here The following are the biggest movers in the CoinDesk 20 digital assets over the past 24 hours: Top Gainers:
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Disclaimer: The information presented in this message is intended as a news item that provides a brief summary of various events and developments that affect, or that might in the future affect, the value of one or more of the cryptocurrencies described above. The information contained in this message, and any information liked through the items contained herein, is not intended to provide sufficient information to form the basis for an investment decision. The information presented herein is accurate only as of its date, and it was not prepared by a research analyst or other investment professional. You should seek additional information regarding the merits and risks of investing in any cryptocurrency before deciding to purchase or sell any such instruments.
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