VCs Don’t Understand Cardano, Says Hoskinson. Chalks out Plan For Cardano in 2022

Plans for Cardano in 2022

Cardano will gradually transition into a permanent open source project, according to Hoskinson, who compared it to the Linux operating system. He intends to move away from a hierarchical system and toward open-source DApps created by Cardano community members.

Hoskinson’s reply to critics

“We’re number one for GitHub commits,” he said, addressing YouTubers, podcasters, and VCs who have questioned Cardano’s growth.

ADA Price Action

Cardano’s price is presently trading at $1.36, up by 3.3% in the last 24 hours. ADA’s resistance level is $1.38; if it can break through this level, it could break through to $1.40 and beyond.The support levels are at $1.28 and $1.20 on the downside.

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