Cardano Boss Charles Hoskinson Outlines Goals for the Project in 2022
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Cardano (ADA) CEO and Input-Output Hong Kong (the foundation behind Cardano) founder Charles Hoskinson has shared some of his expected goals for the crypto project in 2022 via a live Christmas broadcast on YouTube.
The CEO reflected on the growth of the project and the crypto industry at large, citing the non-fungible token (NFT) revolution, the Decentralized Finance (DeFi) boom, and how crypto hacks target DeFi projects, which has led to the loss of over $10 billion this year alone.
Commenting on Cardano’s accomplishments in 2021, Hoskinson bragged that the project had issued over “two million assets,” most of them being NFTs. He added that over 127 projects are currently working on codes to build decentralized applications (dApps) on the network, with roughly thirty ready to launch within the next three months.
Hoskinson also noted that one of Cardano’s key plans for 2022 includes building institutions that support it and launching a formal open-source project structure. The CEO explained that:
“Next year, what’s going to happen is that a formal open-source project structure is going to be formed, kind of like Hyperledger to Linux. We’re going to see many institutions wired in, and all the people that are currently working on it will be novated over, including me.”
Key Cardano Levels to Watch — December 27
Despite a quiet tone across the market today—considering the holiday season—ADA has taken charge and facilitated a bullish breakout above the critical $1.500 level. The fresh spike helped the sixth-largest cryptocurrency touch the highly-anticipated mid-point along my descending channel, signifying that a bullish wave might be in full swing.
ADA now has to record a candle close above this line around $1.600 in the coming hours to lock in the momentum and continue higher into the new year. That said, the cryptocurrency currently maintains an overt bullish trajectory highlighted by the mini trendline, indicating that a correction from the current level would get repelled around $1.500.
Meanwhile, our resistance levels are $1.600, $1.650, and $1.700, and our support levels are $1.550, $1.500, and $1.445.
Total Market Capitalization: $2.39 trillion
Cardano Market Capitalization: $52.2 billion
Cardano Dominance: 2.18%
Market Rank: #6
