Cardano Dips 6% Amid Fierce Debate Over $100M Treasury Plan To Boost DeFi Liquidity

Cardano Dips 6% Amid Fierce Debate Over $100M Treasury Plan To Boost DeFi Liquidity

Cardano's ADA token dipped more than 6% as Charles Hoskinson defended a proposal to deploy 140M ADA from the treasury to kick-start stablecoin liquidity.

Charles Hoskinson Defends $100M ADA-to-Stablecoin Plan Amid Community Concerns Over Market Impact

Cardano founder Charles Hoskinson has

CoinStats - Cardano Founder Charles Hoskinson Defends ADA...

As analyst contemplate the fate of Cardano considering its relative underperformance, its founder Charles Hoskinson just made a bold statement may attract attention to the network and its native coin. While addressing the network’s community, Hoskinson stated that Cardano was the biggest threat to Bitcoin. A bold statement which he backed by highlighting a few things. Source: @AltcoinDaily | X Among them includes solving the Nakamoto consensus,…

Charles Hoskinson's Bold Move: Convert $100M ADA Treasury to Bitcoin and Stablecoins to Fix DeFi Gap

Thanks to the formation of higher lows, Cardano (ADA) is in high gear to breach the psychological prices of $0.65 and $0.80. Calling out this development, market analyst Lingrid pointed out, “Price action is forming higher lows within a broad descending channel, eyeing a break toward the $0.75 target. A close above the resistance trendline could ignite bullish momentum and invalidate the recent downside structure.” Source: Lingrid In price actio…

Are Cardano Whales Dumping ADA Due to Charles Hoskinson’s Latest Proposal?

Cardano's co-founder proposed a big ADA swap for BTC and stablecoins.