By the end of the week Cardano Foundation was streaming back to back important updates. Daedalus has now a better stake pool ranking mechanism and final changes into the 1.24.1 version of the cardano-node were implemented.
On December 12, Cardano Foundation announced that it has officially entered the DeFi following a partnership with Bondly Finance – an interoperable, cross-chain swap protocol powered by Polkadot.December didn’t go well for ADA, as the token’s value against the US Dollar dropped by nearly 10%. Yet today, ADAUSD is showing some strength and is looking towards the test of December’s highs at $0.172480.As seen on the daily chart below, there are no signs of the weakness of ADA, instead it is clearly expressed that ADAUSD is yet to show a new bullish run. On November 27 and December 8 the pair tested the dynamic resistance as support and in both cases, after the test, the price bounced.
