$ADA

The price of ADA today is touching around $0.6240, with a slight decrease compared to the previous session (~‑2.5% according to other platforms). Here are the highlights of what’s happening with the currency today:

---

📉 Market Overview:

A noticeable drop from the daily high (~$0.6428) to the low (~$0.6152) due to selling pressure from some large investors (whales), who sold more than 270 million ADA worth approximately $170 million.

The daily volatility is average, with support shifting to $0.622 after addressing the offers – paving the way for price stabilization around $0.622‑0.623.

---

🛠️ Important News:

Cardano Foundation launched 'Originate', a legitimate platform targeting companies to ensure product and supply chain verification, which could enhance institutional confidence in using the ADA blockchain.

The project to increase stablecoin liquidity supported by treasury amounts of ~100 million dollars is generating controversy; some thinkers believe that the liquidity could pressure the price, while supporters see the possibility of implementing it gradually without significant negative impact.

---