#CardanoDebate

🎯WHAT CAME OUT👉🌐

1️⃣ Following a division within the Cardano community, the value of ADA dropped by about 6%. The disagreement revolves around a proposal to use between 100 and 140 million ADA from the treasury to support the liquidity of stablecoins within the ecosystem.

2️⃣ Two camps are clashing:

* Supporters (including Charles Hoskinson): They believe that this funding is crucial to strengthen decentralized finance (DeFi) and the treasury strategy of

3️⃣ Cardano. They suggest using over-the-counter (OTC) transactions and tools like time-weighted average price (TWAP) to minimize negative price impact.

* Opponents: They fear that the public disclosure of such an amount could create significant selling pressure, leading to an unjustified drop in the price of ADA. They would prefer the issuance of stablecoins backed by cryptocurrencies rather than "unloading" ADA from the treasury.💰

On the technical side: The price of ADA fell from 0.688 $ to about 0.625 $, before slightly rising to 0.641 $. Support levels have been established between 0.622 $ and 0.636 $, but the resistance level at 0.645 $ remains an obstacle to a full recovery.📈💰🚀