Espero que ese patrón vuelva a subir como estaba antes🔥🔥

$ADA declines amid the proposal to convert 100 million dollars of the Cardano treasury into stablecoins
The founder of Cardano, Charles Hoskinson, suggested converting 100 million dollars in ADA into stablecoins and Bitcoin.

The capital reassignment strategy aims to boost Cardano's DeFi ecosystem.

ADA has decreased by more than 4% in the last 24 hours and is now seeking support at $0.60 after having seen a rejection at the upper limit of a descending channel.

There are approximately 31 million dollars in stablecoins on the Cardano network, compared to 273 million dollars in its total value locked (TVL), according to data from DefiLlama. Hoskinson also shared that the Cardano Foundation's treasury does not hold any yield-generating instrument. This could be a significant issue for Cardano, particularly given the high market volatility in recent months, he stated.
Taking examples from the sovereign funds of Norway and Abu Dhabi, Hoskinson suggested that the Cardano ecosystem needs to generate returns on its treasury, which can be reinvested in the network. He emphasized that the move could enhance the visibility of Cardano's native stablecoins and ultimately pave the way for listings on exchanges.
ADA seeks support at $0.60 after seeing a rejection at the upper limit of the descending channel.

ADA has dropped 4% following the rise in military tensions in the Middle East between Israel and Iran.