Cardano, Polkadot Jump as Bitcoin Holds Above $50K Major

Cryptocurrency markets are in the green after quiet holiday weekend

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.  Good morning, and welcome to First Mover. Here's what's happening this morning: Market Moves: Cardano, Polkadot Jump as Bitcoin Holds Above $50K And check out the CoinDesk TV show "First Mover," hosted by Christine Lee, Emily Parker and Lawrence Lewitinn at 9:00 a.m. U.S. Eastern time. Today's show will feature guests: Mark Steber, chief tax information officer, Jackson Hewitt Rayhaneh Sharif-Askary,  head of investor relations, Grayscale 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:  Cardano, Polkadot Jump as Bitcoin Holds Above $50K 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:  Cardano Founder Charles Hoskinson Lays Out 2022 Plans A Message from Bybit Jolly Gifts From Bybit's Santa Sleigh 'Tis the season to give and we're giving you a chance to get on Bybit's nice list for an amazing Christmas gift. All you have to do is trade, complete a couple of Christmas tasks, and you'll stand a chance to drive away your very own Tesla Model 3. Other attractive gifts in the Santa sleigh include iPhone 13, $50 Amazon gift cards, and more! Don't wait to get on Bybit's nice list — join the Jolly Jamboree today. Sign Up Now 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: Asset Ticker Returns Sector Cardano ADA +10.0% Smart Contract Platform Polkadot DOT +7.5% Smart Contract Platform Chainlink LINK +5.7% Computing Top Losers:  Asset Ticker Returns Sector Cosmos ATOM 0.0% Smart Contract Platform Sector classifications are provided via the Digital Asset Classification Standard (DACS), developed by CoinDesk Indices to provide a reliable, comprehensive, and standardized classification system for digital assets. The CoinDesk 20 is a ranking of the largest digital assets by volume on trusted exchanges.  A Message from NowRX This company's share price increased 1,650% from 2016 – Own a piece today!   NowRx is disrupting the $480B retail pharmacy industry using proprietary software and robotics to provide a more personalized, hassle-free pharmacy experience.   In 2020, the company saw revenue grow 90% YoY and this year they're on pace to top $22M. Oh and did we mention their telehealth service grew over 3,000% since January?   Don't miss your chance to own shares of this high-growth startup!   Invest in NowRx   Find out more Latest Headlines Binance Gains Bahrain Approval to Become Crypto Asset Service Provider Why Portfolio Managers Will Need to Look at Altcoins in 2022 The Emergence of DAOs With Santiago Santos Turkey President Erdogan to Send Crypto Law to Parliament: Report 10 2022 Predictions From PwC's Henri Arslanian Planning for a Better Breed of DOGE; Dogecoin Foundation Lays Out First-Ever Roadmap Introducing CoinDesk's new Digital Asset Classification Standard, which was created in response to the significant growth of the number and types of digital assets offered in the market and the realization that traditional classification standards used for equities and other asset classes could not be adapted accurately to classify digital assets. Read more about DACS. ICYMI In case you missed it, here are the most recent episodes of "First Mover" on CoinDesk TV:   Square CEO Jack Dorsey at War With Andreessen Horowitz Co-founder Over Web 3 Debate, Top Crypto Predictions for 2022   "First Mover" hosts speak to CoinList CEO Graham Jenkin for insights into the top crypto predictions of 2022 and markets analysis from Youbi Capital CEO Chen Li. 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.  First Mover A newsletter from CoinDesk Were you forwarded this newsletter? Sign up here.  Copyright © 2021 CoinDesk, All rights reserved.  250 Park Avenue South New York, NY 10003, USA Manage your newsletter subscriptions  |  Unsubscribe from all CoinDesk email