$ADA #TradersLeague

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.

Cardano (ADA) is currently trading near $0.64, with low intraday volatility. It experienced a ~6% drop on June 13, largely driven by debate over a $100M treasury proposal to boost DeFi liquidity—sparking market nerves around increased token supply . Technically, ADA is hovering within a narrow $0.65–$0.71 range, and a breakdown below may send it toward $0.50, while a rebound could test resistance near $0.77 . Longer-term, some see bullish potential if broader altcoin sentiment picks up, although whale activity remains subdued . Overall, for now ADA reflects market caution with a mixed technical picture.