#CardanoDebate #TradersLeague Cardano's ADA is currently trading around $0.636, after recently retesting a key support zone between $0.63–$0.632 for a potential bullish reversal . The main point of contention on Binance and within their community centers on ADA’s long‑standing classification as a non‑security. Input Output Global (IOG) maintains it doesn’t meet U.S. SEC security criteria, yet regulators continue to scrutinize ADA under securities laws . Meanwhile, whales have amassed over $120 million in ADA, hinting at institutional interest and possible ETF backing . Traders now watch closely: if ADA firmly holds $0.63, it could surge toward $0.70+.

ADA/USDT Update

$ADX A is currently trading at $0.6364, showing a +1.00% gain in the last 24 hours. The price touched a 24h high of $0.6450 and a low of $0.6277. Although it's still down from the recent high of $0.8643, there's some buying interest near the $0.6174 support level. The volume remains strong with 100.77M ADA and 64.14M USDT traded, indicating active participation.

The chart shows signs of short-term consolidation with a possible bounce if it holds above support. Keep an eye on the MA(5) and MA(10) trends for confirmation.

The founder of Cardano, Charles Hoskinson, proposed converting ADA into $100 million worth of Bitcoin and stablecoins (specifically USDM and USDA). The goal is to attract "real liquidity" to the Cardano decentralized finance (DeFi) ecosystem, which, according to him, is lagging behind competitors in terms of stablecoin volume and user activity.