What’s the year 2022 for Cardano and what is the ADA target price?
Charles Hoskinson has a busy 2022 as the Cardano smart contract platform seeks long-term growth in the global market.
In one conversation Cardano founder and CEO of Input Output Hong Kong (IOHK) recently spoke on YouTube about the milestones for 2021 and the future goals he is working towards.
The main goal on Hoskinson’s list is to finalize plans to use blockchain technology to enable the world’s poorest to borrow money at affordable costs through decentralized funding.
“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. So someone who lives in Kenya or somewhere has a blockchain-based identity, creditworthiness and with stablecoins on the other hand, Cardano is the payment method. Peer-to-peer, person-to-person and at the push of a button, the credit goes to you. When they pay the debt, the money goes to the other side. ”
The CEO believes that empowering people across the African continent can have far-reaching implications to revolutionize traditional finance.
“It doesn’t need permission and you can’t stop it when it happens. Thousands of conversations are suggested, such as what is a good identity? What is a good credit score? What other products and services should exist in the real financial space in Africa? And how do we spread it all over Africa? ”
Next, Hoskinson discusses some of the technology milestones that have been outlined for the coming year.
“Next year a fully fledged open source project structure will be formed, like Hyperledger for Linux. We will see more networked organizations and develop more talent than those currently employed, myself included …
If you look at things like the improvement of Cardano’s Plutus smart contract platform, as a result of the work we did with the developers, there were 3 CIPS (Cardano Improvement Proposals) that needed to be involved.
The peer-to-peer function is currently being tested with stake pool operators in the test network, and a lot is happening there. ”
Hoskinson notes that following the initial technical goals in a stratified manner leads to future goals being achieved.
“… We are organizing things right and are starting to see science improve. There is acceptance. The community is there. We have grown to around 2 million people. ”
According to popular analyst and trader Capo, ADA is about to rally to a new all-time high (ATH) as the sixth largest cryptocurrency bounces off a key support area.
The strategist expects ADA to trigger a potential 4x rally, assuming ETH’s competitor stays above long-term support.
“ADA is retesting the previous ATH for the second time. As long as it stays above that level, $ 3-4 will be the next target (near ATH) and if it consolidates above that we could see $ 10. ”
The source: Capo / Twitter
ADA is trading at $ 1.43 at press time, about 54% below its ATH of $ 3.09.
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