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Here Is What To Expect on Shiba Inu, Ethereum, Cardano, XRP in 2022; BTC Finished 2021 Higher Despite Dip

Cardano

Bitcoin saw slight selling pressure on Dec. 31 that pulled its price to lows of $45,650 from earlier highs of $48,574. Owing to earlier volatility, Bitcoin closed December down 18.91% at $46,211, thus marking its third red December since 2017. Despite Bitcoin closing December in red, the lead asset rounded off 2021 with 76% gains. At the time of writing, Bitcoin traded at $47,605, up 3% on the day. The majority of Altcoins were also posting price recoveries.

Here is what to expect in 2022

2022 has kicked off on a relatively mixed note in terms of price action. However, it promises to be a year filled with developments as several platforms map out various plans.

Shiba Inu (SHIB)
The Shiba Inu token burn is expected to progress in 2022 as Bigger Entertainment shared its huge roadmap with burn initiatives scheduled to happen every month. The Shib Lovers merch campaign will run from Jan. 14 to Feb. 14 where 80% of proceeds from all Shib lovers’ purchases will be used in burning SHIB.

The Shib SuperBurn event for soccer fans will host from Feb. 7 to 13, while NFT Madness for Basketball lovers will run from Mar. 13 to Apr. 4. During an AMA session on Twitter, Queenie hinted at a big surprise in 2022, ”We do have a big surprise when we enter 2022. So, that’s going to be the last little tidbit that I drop.”

Queenie said that Shibarium would be released “as soon as humanly possible” without mentioning a specific date. The Layer 2 solution aims to make SHIB transactions much cheaper and more accessible. NOWPayments recently announced it was adding a SHIB burn feature for merchants in early 2022. Shiba Inu developers also announced the launch of the DOGGY DAO beta version in a recent blog post.

Cardano (ADA)
Cardano founder Charles Hoskinson disclosed some of the plans for growth in 2022 in a 30-minute Christmas Eve talk on YouTube from his home in 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”.

Developers are also working on Cardano Improvement Proposals-a set of community-governed network enhancements slated to go live in 2022. These include human-readable information for assets issued on Cardano and a native web wallet for interacting with DeFi protocols.

Ethereum (ETH)
The Ethereum blockchain initiated several network upgrades in 2021 to prepare for its POS transition in 2022. The Merge or Kintsugi testnet launched in December and marks the official transition of Ethereum blockchain to proof-of-stake consensus. The Merge mainnet expected to debut before June 2022 would bring the end of Ethereum’s proof-of-work (PoW) consensus to finalize the next block.

Asides from this, the EIP-4345 Difficulty Bomb delayed by the Arrow Glacier network upgrade should land in June 2022.

XRP (XRP)
Attorney Jeremy Hogan offers April as his best estimate for the resolution of the Ripple-SEC Lawsuit, citing summer as a worst-case scenario. Ripple CEO Brad Garlinghouse had stated earlier that he was hopeful there would be closure to the case in 2022.

Presently in the case, expert discovery is scheduled to close on Jan. 14, as both parties filed a motion to shift it to this date. In a series of tweets on the first anniversary, CEO Brad Garlinghouse disclosed that Ripple achieved its best year to date despite the lawsuit.

Image Credit: Shutterstock

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